Fuel service stations have gone back to their “old” prices of $4,97 per litre for petrol and with diesel selling at $4,86 per litre. There was a lot of confusion and panic on Tuesday as a lot of service stations hiked their prices to almost $8. This caused some of them to close as confusion reigned supreme.
Inevitably this supposed […]
As we have already reported, there was a lot of confusion yesterday concerning the latest fuel increases. The government’s position through the Zimbabwe Energy Regulatory Authority (ZERA) is that this latest price hike is illegitimate and unwarranted.
The Zimbabwe Energy Regulatory Authority (ZERA) would like to advise the public and stakeholders that the current fuel prices of RTGS $4.89 and RTGS […]
There was a lot of panic and frenzied activity yesterday as social media platforms spread the news of another fuel price hike. This hike follows the one we had last week where the price of diesel and petrol were raised to just under $5. This time around rumors suggested that the new prices would be around $8.
A local tax expert has claimed that Zimbabwe could be losing millions in tax revenue. Tax Matrix managing Director, Mr Marvelous Tapera, says multinational companies which are also known as Transnationals might be evading taxes.
By transfer pricing we are talking about shifting profits from one company to the other and multinational corporations do that.
A research about the illicit financial […]
One of the most prominent Second Chimurenga heroes: Dubiso Dabengwa passed away yesterday. Mr Dabengwa was in Kenya at the time a stop he had made on his way back to Zimbabwe from India. He was returning from seeking treatment in the Asian country as he was suffering from liver complications.
The ZAPU stalwart was 79. He is survived by his […]
Secretary for Information, Publicity and Broadcasting Services Mr Nick Mangwana has revealed that the government plans to licence 24 TV channels. As is typical of the government’s projects these days he did not give a timeline as to when we can expect this to happen.
The Government will diversify ownership. Licences will not be issued on partisan lines, but it will […]
In a bid to deal with the latest spate of fuel shortages, the government has abandoned the 1:1 exchange rate for fuel. Until now, fuel companies were being helped by the government through the RBZ to acquire fuel. They were accessing the foreign currency to do this at the 1:1 exchange rate.
On Monday 21 May the government gave notice that […]
Police from Hillside Police station in Bulawayo have warned the public about a batch of fake $5 bond notes in circulation. According to them these notes are in batches with the following serial numbers:
The handwritten notices read:
Public Notice From ZRP Hillside
Beware of fake bond notes in circulation. They are in $5 batches with serial […]
According to money market observers, Marketwatch there was a sudden jump in black market rates yesterday for both the Rand and USD. Several black market dealers were reported to have suspended trading as they waited for the market to cool down.
While trading started at 5.5 RTGS$ for each USD it rose sharply to […]
There are reports that a group of people are working on a movie about former President Robert Mugabe. The movie is set to be released in 2019. We have a copy of the preliminary alleged trailer for this movie.
