Supporters of President Emmerson Mnangagwa’s ruling ZANU-PF party celebrate after the Constitutional Court confirmed Mnangagwa’s disputed July 30 election victory in Harare, Zimbabwe August 24, 2018. REUTERS/Philimon Bulawayo
A government that is honest, has integrity and a conscience.
A government that is clean, efficient and honorable.
Zimbabwe’s ruling party ZANU PF slaughered 150 cows during the annual conference held in Goromonzi, Mashonaland East Province District last week. President Mnangagwa’s regime spent over $5 million to feed at least 7 000 delegates.
Commotion at Zanu PF congress: Varaidzo Mupunga Youth League Secretary for Adminstration being dragged away by Zanu PF “Green Bomber” militia youths.
“After all the pledges, we have started collecting 150 cattle that we are assured of getting. Starting from today (yesterday), the truck is already moving around collecting the cattle to be kept at a paddock near the conference venue.”
Zanu PF Mashonaland East provincial secretary for administration Kudzai Majuru told reporters.
No more indirect genocide.
No more police beating peaceful protestors.
No more soldiers shooting unarmed citizens.
An outbreak of compassion for the people from the political elite.
And the one wish that the author of Letters From Zimbabwe – Catherine Buckle heard so many times, and which she empathise with;
“This Christmas with a government that simply does not and will not see the desperate anguish of the people, the best thing any of us can do is to not be overwhelmed but just try and help one person at a time.”
This week many Zimbabweans are doing exactly that; and it is humbling.
ZIMBABWE Minister of Finance and Economic Development Professor Mthuli Ncube, delivered his 2020 National Budget Speech in the National Assembly in Harare on Thursday 14th November 2019/////CRIMSON TAZVINZWA
Since 2007 Zimbabwe’s economy has been reeling from hyperinflation, making the country’s ‘sometimes currency’ worthless. The difficulty of any minister of ‘money’ anywhwere in the world is to be able to work out a comprehensive national budget out of short-term or temporary currency. Zimbabwe has changed currencies 3 times this year (2019) alone. The main reason for this; nobody has a clue even the president. Who knows; next week the country could – God forbid – have a new currency yet again in as many weeks. This is the unpredictability that riles investors. Investors do not operate on ‘now you see it, and now you don’t’economic modus operanda. There is an ubiquity of peaceful, enabling environments from which to do business on this vast planet earth, and Zimbabwe has no preferential treatment – why should she? You have to create competitive environment – this is called competitive investment advantage … Therefore, merely dishing out ‘Zimbabwe is Open For Business’mantra and the presidential nationalistic rainbow scarf is not enough to attract the ever so evasive moneymaker, especially given the carcaphoney of disorder, indisciplined police – brutality, suppression of divergent viewpointsand – and what of entrenched corruption.
The government should tentatively stop dishing out steroids and drugs to law enforcers – police.
Apart from currency stability investors look at the economic environment; the ease with which to do business, political stability and the prevalence of the rule of law.
At the conclusion of his speech, the Minister presented the full 2020 National Budget Statement
However, Zimbabwe Government’s allocation of upwards of ZWL$422.7m for irrigationand ZWL$380m for commercial farmer compensationin the 2020 budget. should be commended; though this should be taken with a pinch of salt given Zanu (PF)’s history of reneging on promises, negating the fact that political reform ie cementing the rule of law and the constitution, respect for the opposition and civil society are pillars of any development anywhere.
Zimbabwe – World Happiness Index
World Happiness Ranking
World Happiness Index
Zimbabwe – World Happiness Index
Happiness Ranking,World Happiness Ranking
World Happiness Ranking
The 2% intermediated money transfer tax stays, but the tax-free threshold is now ZWL$100, from ZWL$20 previously. The maximum payable by corporates is now ZWL$25,000 from ZWL$15,000 currently for transactions above ZWL$1.25 million.
Government plans to spend ZWL$540 million on the public transport subsidy scheme running under Zupco
Government has set aside ZWL$500 million for a venture capital fund to finance start-up projects that will mostly target young entrepreneurs.
Govt allocates ZWL$422.7m for irrigationand ZWL$380m for commercial farmer compensationin the 2020 budget.
The tax-free portion of retrenchment packages will be increased from ZWL$10,000 to ZWL$50,000, or one-third of the package, to a maximum ZWL$80,000.
The tax-free threshold has been raised to ZWL$2,000 per month, from ZWL$700, wef January 2020.
The tax-free bonus has been increased from ZWL$1,000 to ZWL$5,000 wef November 1, 2019
Zimbabwe introduces own currency Z$ dollar as the country’s sole legal tender last month, 10 years after ‘dollarisation’ , step towards relaunching the Zimbabwean dollar.
“The march towards full currency reform is part of our transitional stabilisation programme,” Finance Minister Mthuli Ncube said in a video posted on Twitter.
“This move is really beginning to restore full monetary policy.”
Zimbabwe Business Forum; Victoria Falls
Zimbabwean President Emmerson Mnangagwa, who replaced longtime leader Robert Mugabe after an army coup in November 2017, is trying to repair an economy ruined by hyperinflation and a long succession of failed economic interventions.
President Mnangagwa: It has always been clear that for our economy to truly take off, we need our own currency. My full statement is below;