Articles tagged 'willia bonyongwe'

Zimra board's tenure extended 20 July 2018 HARARE - The tenure of office for the Zimbabwe Revenue Authority (Zimra) has been extended by six months following its expiry in June 2018. This was revealed by the Zimra board chair, Willia Bonyongwe, in a revenue performance report for the first half of the year ended June 30, 2018. “…The...
Zimra officials must lead by example 9 May 2018 HARARE - A trend is emerging at the Zimbabwe Revenue Authority (Zimra) whereby its top officials appear to be averse to subjecting themselves to the same values they would want their stakeholders to follow. It was reported recently that Zimra board chairperson Willia Bonyongwe reversed a decis...
Bonyongwe causes storm at Zimra 28 April 2018 HARARE - The Zimbabwe Revenue Authority (Zimra) has been plunged into a fresh storm after it emerged that board chairperson Willia Bonyongwe ordered that their meetings should not be digitally recorded in what insiders said came as a slap in the face for the anti-corruption drive adopted by the s...
Zimra concerned over rising inflation 23 January 2018 HARARE - The Zimbabwe Revenue Authority (Zimra) said it is concerned over the country's rising inflation which reached 3,46 percent in December last year from –0,65 percent in January 2017. “This is very worrying and could erode the benefits of all initiatives to sustain positive economic grow...
Taxman targets Zanu PF chefs 15 July 2017 HARARE - The country's nouveau riche — especially bigwigs in Zanu PF who have made enormous wealth in the midst of widespread poverty — face lifestyle audits by the Zimbabwe Revenue Authority (Zimra), which is desperate for revenue to fund President Robert Mugabe's bloated administration that has...
Zimra boss Pasi resigns 25 May 2017 HARARE - Suspended Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi has resigned. This comes as the taxman was sent on forced leave in May last year to pave way for investigations on allegations of corruption and poor corporate governance unearthed by a forensic audit insti...
Economic decline hits 'sin taxes' 29 April 2017 HARARE - Zimbabwe's excise duty collections have been nose-diving on the back of deteriorating economic conditions, the Zimbabwe Revenue Authority (Zimra) said. Zimra chairperson Willia Bonyongwe said revenue from excise duty in the first quarter amounted to $150,2 million against a target fig...
Cash crisis a nightmare — Zimra 21 April 2017 HARARE - The Zimbabwe Revenue Authority (Zimra) on Wednesday said the current cash crisis is now a nightmare that is affecting the country's economic growth. Zimra chairperson Willia Bonyongwe said there was need for all stakeholders to come up with a solution to end the debilitating cash cris...
Revenue dips as Zim economy dies 19 January 2017 HARARE - The country's dying economy resulted in the Zimbabwe Revenue Authority (Zimra) missing its 2016 revenue target by four percent. The national tax collector only managed to raise $3,4 billion against projections of $3,6 billion, on the back of the country's ever deteriorating economic c...
Miners welcome tax review 25 May 2016 HARARE - The mining industry has commended government's efforts to review the country's mining tax system in line with international price fluctuations. This was after the Zimbabwe Revenue Authority (Zimra) last week said there was need to redesign the mining taxation regime in a bid to enhanc...
Mining tax regime unfair: Zimra 16 May 2016 HARARE - The Zimbabwe Revenue Authority (Zimra) says the country's mining tax regime must be reviewed, in the wake of shrinking royalties over the past year from the sector. Zimra chairperson Willia Bonyongwe last week said the authority continued to hold discussions with government over the i...
Mining royalties down 39 percent 30 July 2015 HARARE - Zimbabwe's mining royalties missed the half year target by 39 percent on the back of depressed international mineral prices, the Zimbabwe Revenue Authority (Zimra) has said. The national tax collector's chairperson Willia Bonyongwe yesterday said mining royalties contributed $39,8 mil...
Bonyongwe appointed Zimra chairperson 30 June 2015 HARARE - Finance minister Patrick Chinamasa yesterday appointed Willia Bonyongwe as the new Zimbabwe Revenue Authority chairperson with immediate effect. Bonyongwe, who takes over from prominent lawyer Sternford Moyo, will be deputised by town planning consultant, Percy Toriro. Other member...
SecZim bares teeth at corporates 5 September 2013 HARARE - The Securities Commission of Zimbabwe (SecZim) plans tighter regulation of listed companies by imposing laws demanding improved financial disclosure, curbing multiple directorships and limiting chief executives' terms. The capital markets regulator said it expects the new listing rule...