Movement for Democratic Change Member of Parliament for Mkoba Amos Chibaya on Wednesday taunted Minister of Information, Communication and Technology Supa Mandiwanzira that he was a serious worshipper because he was the only surviving member of G40.
If all goes according to plan, Finance Minister Patrick Chinamasa’s 2018 budget will be remembered chiefly for its promised repeal of the Indigenisation Act, except for the diamond and platinum industries.
Mineral export receipts are projected to grow 8.7 percent to $2.5 billion next year from $2.3 billion in 2017 driven by the anticipated output growth and modest recovery in international mineral prices.
Finance Minister Patrick Chinamasa yesterday presented the first budget under the presidency of Emmerson Mnangagwa, seen as key to Zimbabwe’s economic recovery by restricting thresholds of the controversial Indigenisation Act to platinum and diamonds while re-engaging foreign debtors on the 2015 Lima debt clearance plan Here are five takeaways: The Indigenisation albatross Chinamasa took a hammer to the Indigenisation and Economic Empowerment Act, passed in 2008 by Robert Mugabe and has been key to his reelection in the 2008 and 2013 elections.
Finance Minister Patrick Chinamasa today said the government will next year regularise life style audits of all public office holders to ensure that their lifestyle is commensurate with their level of income. “Where it is palpably manifest that their asset base is inconsistent with their level of income, it must be incumbent upon that officer to give an account of their sources of income justifying their wealth,” Chinamasa said in his budget presentation.