Patrick Guramatunhu: What good is 95% literacy without common sense to stop Mugabe madness

Patrick Guramatunhu: What good is 95% literacy without common sense to stop Mugabe madness 1

By Patrick Guramatunhu “The record is mixed, at best. No doubt he (Mugabe) gave black Zimbabweans dignity, pride and opportunity. In the early days of independence, we built a new school every day, every district got a hospital, all institutions were integrated and the task of creating a national army out of the tens of thousands of men who had carried arms in the war was successfully completed. The Blue Roof mansion in Borrowdale, Harare “Every significant town got a polytechnic and 14 universities were created. Life expectancy rose in…

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Netsayi Makarichi: The pain and struggles of being a Zimbabwean parent

Netsayi Makarichi: The pain and struggles of being a Zimbabwean parent 2

Dear Editor To be born in Zimbabwe is supposed to be a blessing but it has now become a curse. Imagine what parents go through to raise their children in Zimbabwe. A family member of Kelvin Tinashe Choto reacts, during his funeral in Chitungwiza, about 30 kilometres south east of the capital, Harare, Zimbabwe, Saturday, Jan, 19, 2019. Before the family of Kelvin Tinashe Choto knew he had been killed, social media in Zimbabwe was circulating a photo of his battered body lying on the reception counter of a local…

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Luke Tamborinyoka: State-sanctioned murders and abductions: The facts

Luke Tamborinyoka: State-sanctioned murders and abductions: The facts 3

By Luke Tamborinyoka There is no doubt that the abductions and violence currently taking place are State-sanctioned. Below are some of the violent incidents and murders that have been committed, even while high profile meetings were taking place. The facts below put paid to statements by officials in Mnangagwa’s administration that the Zanu PF government’s hands are clean. Members of the military gesture to the photographer as they patrol the streets of the capital Harare, Zimbabwe(REUTERS/Siphiwe Sibeko) In light of the disappearance of the acting President of the Zimbabwe Hospital…

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Wellington Muzengeza: Robert Mugabe, The Despot who ruined the Jewel of Africa must NOT rest in peace

Wellington Muzengeza: Robert Mugabe, The Despot who ruined the Jewel of Africa must NOT rest in peace 4

By Wellington Muzengeza The death of former President Robert Mugabe marked the end of an era in botched political policies in Zimbabwe such that the former strongman will be missed but only by those who benefited directly from his long and arduous tyrannical rule and partisan policies, or those Africans who had a romantic view of the old hero who affected a feigned “principled and moral fight” against white colonial rule, while actively suppressing sustained national development and political freedom amongst his critics and opponents. Former Zimbabwean President Robert Mugabe…

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Rogue elements in Mobile Money Platforms: A currency crisis red flag (Part 1)

Rogue elements in Mobile Money Platforms: A currency crisis red flag (Part 1) 5

By Paddington Masamha Cash barons have become the state’s leading nemesis. In Zimbabwe cash is being commoditized and traded. Corporates and individuals holding on to mainly physical bond notes (which morphed into ZIM dollars, ZWL$), United States dollars (USD) and South African rands (ZAR) are daily offered various premiums to exchange their cash in hand with bank and mobile money balances. Paddington Masamha This has been a direct consequence of the currency crisis currently bedeviling the Zimbabwean economy. Although parallel market activity is navigated through the utilization of different payment…

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Mnangagwa warns government might intervene in the market

Mnangagwa warns government might intervene in the market 6

President Emmerson Mnangagwa has expressed concern over the escalating prices of basic commodities and has warned that the government might intervene if there are clear failures and imperfections in the market. He said he is going to meet the business community on his return from the United Nations General Assembly to set clear ground rules to ensure fairness in the market. Mnangagwa left for the UN yesterday. In a statement before his departure, Mnangagwa said while his administration conceded that the new monetary measures it introduced and the drought that…

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Reserve Bank of Zimbabwe tightens issuing of foreign currency

Reserve Bank of Zimbabwe tightens issuing of foreign currency 8

The Reserve Bank of Zimbabwe says Bureaux de Change will now only sell foreign currency cash to people intending to travel and must endorse their passports on giving them the foreign currency. The cash will be limited to US$300 a day and to a maximum of US$10 000 a year. For business travel this will be US$400 a day for a maximum of seven days. It said the central bank’s financial intelligence unit will mobilise resources to enforce compliance and anyone breaching the regulations will face heavy penalties and their…

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No tax relief for Zimbabweans

No tax relief for Zimbabweans 11

The Zimbabwe Revenue Authority says the tax-free threshold remains at $700 a month and $3 500 is for five months from August to December and not one month. The Insider was one of several media outlets that erroneously reported that the tax free threshold had been increased from $700 to $3 500 a month. Zimbabwe currently relies on taxes as it is not getting any external financing and has insisted that it will continue to levy a 2 percent tax on electronic transactions despite a ruling by the High Court…

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RBZ offers banks cheap money to increase private sector lending

RBZ offers banks cheap money to increase private sector lending 13

By Alois Vinga THE Reserve Bank of Zimbabwe (RBZ) has moved to offer banking institutions in the country a cheaper financing facility in a bid to boost credit availability to the private sector and economic growth support. Speaking in a recent Monetary Policy Statement, RBZ governor John Mangudya expressed deep concerns about the depressed levels of productivity and their implications on both exchange rate stability and potential output of the economy. “In this regard, and consistent with the monetary targeting framework, the bank will introduce measures and incentives to encourage…

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Namibia to auction 763 seized vehicles destined for Zimbabwe

Namibia to auction 763 seized vehicles destined for Zimbabwe 15

Staff Reporter Namibian authorities are reported to have approved a proposal to auction at least 763 second-hand vehicles impounded in that country while destined for Zimbabwe. The vehicles were seized after the owners failed to pay import duty or used fraudulent papers to clear the cars. The proposal, which was recently approved at a Cabinet meeting, was made by the Ministry of Finance, media reports in that country said. Namibia’s Ministry of Finance spokesperson, Tonateni Shidhudhu confirmed the seizure of the vehicles at the Port of Walvis Bay. He said…

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