Zimbabwe’s energy regulator will go ahead with plans to introduce mandatory fuel marking which it says will curb rampant fuel smuggling which is prejudicing the country of an estimated $1 billion annually in unpaid taxes.
The Zimbabwe Stock Exchange industrial index advanced one percent to close the week on 202.06 points, its highest point in 40 months, while the mining index weakened by 5.14 percent to settle at 65.45 points after losses in Bindura.
Although America’s right-wing plutocrats may disagree about how to rank the country’s major problems – for example, inequality, slow growth, low productivity, opioid addiction, poor schools, and deteriorating infrastructure – the solution is always the same: lower taxes and deregulation, to “incentivize” investors and “free up” the economy.
A war veteran said to have been an aide of former Vice-President Joshua Nkomo reportedly told the United States embassy in Harare that a group of five high-ranking military officials planned to overthrow President Robert Mugabe while he was away in Kampala attending a regional meeting.
Retail group, OK Zimbabwe says revenue growth of 19 percent during the first three months of its financial year to June is ahead of operating costs and bodes well for its prospects for a profit in the interim.
The First Lady Grace Mugabe yesterday literally cleared national political commissar Saviour Kasukuwere and Higher Education Minister Jonathan Moyo saying they had no cases to answer.