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- Herald
- November 22, 2018
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UPDATED: Salary cuts for ED, VPs, Cabinet
THE President, his deputies, top Government officials and parastatal bosses will be among senior public officials to face a 5 percent salary cut in January as Government implements austerity measures to contain costs as part of a cocktail of measures to turn around the economy.
adminStakeholders upbeat, demand implementation
KEY stakeholders yesterday hailed measures contained in Finance and Economic Development Minister Professor Mthuli Ncube’s 2019 National Budget proposals, but spelt the need for their full implementation.
Fuel price to go up
Fuel prices are set to go up after Government raised excise duty on petrol and diesel by up to 7 cents per litre to reduce arbitrage opportunities by foreigners taking advantage of local currency disparities.
Kamambo,Banda election appeals flop
FELTON KAMAMBO and Gift Banda’s desperate bids to run for office in the ZIFA elections reached a dead end yesterday when the Electoral Appeals Committee upheld earlier rulings by the Electoral committee to disqualify them.
Sport facilities face Govt audit
GOVERNMENT will conduct an audit of sports facilities in the country in a major effort to arrest the negative trend that has seen most of the infrastructure being run down or turned into other uses divorced from their intended uses, much to the detriment of sport development.
No Constitution, POSA conflict: AG
Attorney-General Advocate Prince Machaya yesterday said there is no conflict between the Constitution of Zimbabwe and the Public Order and Security Act (POSA) in relation to the deployment of members of the Zimbabwe Defence Forces (ZDF) to assist police in the maintenance of law and order.
Economy set to grow by 3,1pc
Zimbabwe’s economy is projected to grow by 3,1 percent in 2019, which is lower than the 2018 anticipated growth of 4 percent, on subdued agriculture performance due to unfavourable weather conditions.
EDITORIAL COMMENT : National Budget changes the path
Zimbabwe’s austerity Budget presented yesterday passed the major fiscal test: Next year we will pay a little over $450 million more in taxes than the Government plans to spend on salaries, allowances, pensions, operations and maintenance. So Finance and Economic Development Minister Professor Mthuli Ncube has managed to stop the disastrous borrowing for recurrent expenditure.
Mining to drive revival
THE mining sector is expected to play a key role in the country’s economic revival and growth, Finance and Economic Development Minister Professor Mthuli Ncube has said.