HARARE – Zimbabwe is losing a large chunk of its revenues to thieves in government, Finance minister Tendai Biti has claimed. Government departments are not remitting cash to Treasury and other forms of theft of minerals are on the rise in Zimbabwe.
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What does it mean to be Zimbabwean? It’s a debate we need to have, says Tendai Biti. Societies can only function if the people trust their government, he said. Trust comes with the checks and balances on government power that constitutionalism proves.
SOUTH AFRICA – The standing committee on finance agreed yesterday to ask Finance Minister Pravin Gordhan to appear before it to provide more detail on the R900 million loan reportedly extended to Zimbabwe to assist with its upcoming national election.
Zimbabwe would be shut down if it were a private company, the finance minister has declared, days after joking that it only had $217 (£138) in the bank account. Tendai Biti warned executives in Harare that Zimbabwe is in a permanent economic crisis.
HARARE – Zimbabwe’s Finance Minister Tendai Biti has said that the country only had $217 (£138) left in its public account last week after paying civil servants. However, he said that the following day some $30m of revenue had been paid in.
HARARE – As the battle for votes in the 2013 elections intensifies, Finance Minister Tendai Biti has described the empowerment model being pursued by their rivals in Zanu PF as the “predatory accumulation from the rich to the rich.”
HARARE – MDC-T secretary-general Tendai Biti fiercely clashed with party organising secretary Nelson Chamisa at a standing committee meeting over primary election application forms, while MPs Tabitha Khumalo and Albert Mhlanga reportedly exchanged blows as intra-party fighting rages on.
On a bitterly cold day the Vigil kept warm by laughing at the reported remarks by Finance Minister, Tendai Biti, at a Zimbabwe investment conference here in London. ‘Reported’ remarks because we couldn’t afford to go to the meeting to hear for ourselves at a cost of £90 for the cheapest ticket.
Finance Minister Tendai Biti has challenged Spirit Embassy founder Prophet Uebert Angel and UFIC church leader Prophet Emmanuel Makandiwa to “produce” over US$10 billion required to liquidate Government’s debt and fund national programmes.
ZIMBABWE will not be ready for a presidential election until at least June because it needs a new constitution and democratic reforms to ensure a fair and undisputed poll, MDC-T secretary-general and Finance minister Tendai Biti told Reuters in England on Thursday.
FINANCE Minister Tendai Biti yesterday raised the tax-free bonus threshold to US$1 000 from US$700 and directed banks to exempt deposits below US$800 from bank charges, as he sought to cushion the public from the harsh economic outturn.