Business

Pacific Cigarette Company (PCC) has rebranded its Pegasus and Branson cigarettes to reinforce its dominance in the market.

"It's like having the owners of Manchester United one day being coaches," the observer said. The initial appointment of Zimbabwe Revenue Authority (ZIMRA) board member Moris Mpofu to Acting Commissioner General (CG) is evidence enough that the whole board must be fired, observers note.

Zimbabwe’s richest man and Executive Chairman of Econet, Strive Masiyiwa, has already made $10.3 million this year following a surge in the market value of his stake in the Zimbabwe-based smart tech group, Cassava Smartech.

The Zimbabwe Revenue Authority (ZIMRA) has reversed its controversial appointment of Moris Mpofu as the authority's Acting Commissioner General and re-instated Rameck Masaire who had retired.

Temba Mliswa: "The costs are also inflated. The various responsible committees should check these things. Tugwi-Mukosi is another example, it was pegged at US$55 million, went to US$120 million and then someone got the tender at US$140 million. The taxpayers bear all these humongous costs. How does the country grow? Worse off, the companies are foreign and the money goes out. The benefit of the project becomes minuscule."