Breaking News

Mnangagwa coming after cartels

by Staff reporter
09 November 2018 | 6816 Views
PRESIDENT Emmerson Mnangagwa yesterday vowed to clamp down on cartels involved in various corrupt activities such as fraud, money-laundering, insider trading and manipulation of government procurement tenders, saying these "saboteurs" were behind the country's current economic meltdown.

Speaking at an annual public sector audit conference and financial management awards ceremony in Harare, Mnangagwa said Zimbabwe had lost millions of dollars to such economic ills and he would not allow cartels to continue sabotaging the economy under his watch.

"It is presently disheartening that the country continues to lose huge sums of money due to fraud, money-laundering, procurement or tender manipulation, insider trading in stock and financial markets, among other ills in both the private and public sectors," he said.

"In the Second Republic, we will not tolerate the culture of siphoning public funds

through various nefarious activities for personal gain and enrichment. Such propensities are both criminal and retrogressive."

His statement came as several high-profile arrests have been made in the past few weeks, with the latest being of former Information Communication Technology minister Supa Mandiwanzira and ex-Zimbabwe Revenue Authority commissioner-general Gershem Pasi on allegations of corruption and criminal abuse of office.

Acting Prosecutor-General Kumbirai Hodzi recently said his team would also be bringing 27 high-profile cases of corruption for prosecution before the courts as government's anti-corruption crusade deepens.

Mnangagwa also warned he would soon be dealing with tax evaders and non-performing public enterprises to ensure the economy recovers after years of plunder and gross mismanagement.




"Non-performing public enterprises coupled with tax payment evasion and avoidance continues to be an albatross around the neck of government. As we strive to eliminate corruption by 2030, let us in our respective entities always act in the best interest of our country. Auditors are critical in the detection, prevention and exposure of fraud, economic crimes and sabotage," he said.

Turning to the 2% transaction tax introduced on all electronic money transfers last month, Mnangagwa said it had helped his government reduce the budget deficit and would not be repealed soon.

"The tax is not a hindrance in the ease of doing business. It has helped us reduce the budget deficit. But when the (Finance) minister (Mthuli Ncube) first announced it, it had overlooked a lot of people who, in our view, ought to have been left out," he said.

"I think he did his best to re-explain it and move out of compliance many categories whom we think will cause a prohibitive manner in doing business."

Mnangagwa told the conference that the 2% tax would be further strengthened during the 2019 national budget presentation by Ncube on November 22.

"We have our case that we have put a tax, come and argue that this tax is not good, this is democracy," Mnangagwa said.

"If you succeed, the best argument will win, but for now, the tax is there, and the Minister of Finance will be making a statement very soon. I can safely say he will also look at that in order to improve. I don't know whether what he will say will improve your position or will improve mine."

Mnangagwa Cartels Money

Source: newsday

Comments

Latest News

A year after Robert Mugabe in Zimbabwe - Zimbabwean politics appear to...

by Brian Maregedze | 15 November 2018 | 2 Views

Bill Gates honours Zimbabwe's Edzai Zvobwo - Zimbabwean born entrepre...

by Mandla Ndlovu | 15 November 2018 | 1 Views

Mutsvangwa's ouster:A plot to destroy Mnangagwa

by Mandla Ndlovu | 15 November 2018 | 3 Views

Kukura Kurerwa vehicles auctioned

by Mandla Ndlovu | 15 November 2018 | 5 Views

Sanctions divide Mnangagwa's new dispensation

by Mandla Ndlovu | 15 November 2018 | 3 Views

Vertical Agreements and Competition Law - The Competition & Tarif...

by Competition & Tariff Commission | 15 November 2018 | 1 Views

Zimbabwe police open murder dockets into August 1 'army' killings

by newzimbabwe | 15 November 2018 | 3 Views

Full letter: Chamisa to attend Motlanthe-led commission

by Mandla Ndlovu | 15 November 2018 | 1 Views

I survived military shootings says British journalist

by Mandla Ndlovu | 15 November 2018 | 3 Views

Chamisa not fazed by arrest threats

by Staff reporter | 15 November 2018 | 6 Views

Chamisa, Biti subpoenaed by Motlanthe-led commission

by Staff reporter | 15 November 2018 | 21 Views

Mnangagwa to address peace fete

by Staff reporter | 15 November 2018 | 7 Views

African govts fight 'conflict diamonds' resolution - AFRICAN governmen...

by Staff reporter | 15 November 2018 | 1 Views

Mnangagwa to monitor companies allocated forex by RBZ

by Staff reporter | 15 November 2018 | 6 Views

Gaddafi son now seeking political asylum in Zimbabwe - AN adopted son ...

by Staff reporter | 15 November 2018 | 11 Views

Undenge's trial deferred

by Staff reporter | 15 November 2018 | 1 Views

The Miraculous Story of Tayambutswa - HARARE mayor Herbert Gomba on Tu...

by Staff reporter | 15 November 2018 | 2 Views

'Killer' gold panners granted bail - THREE of the 11 illegal gold pann...

by Staff reporter | 15 November 2018 | 4 Views

Modi invited to India gold summit

by Staff reporter | 15 November 2018 | 7 Views

Fifa investigating 'illegaly' Chiyangwa?

by Staff reporter | 15 November 2018 | 7 Views

3 money changers appear in court - THREE suspected money changers, all...

by Staff reporter | 15 November 2018 | 7 Views

Money changers desert Bulawayo streets - ILLEGAL money changers in Bul...

by Staff reporter | 15 November 2018 | 1 Views

Chiwenga aligned war vets gun for Mutsvangwa

by Staff reporter | 15 November 2018 | 1 Views

Government calls rogue pharmacies to order - GOVERNMENT has directed p...

by Staff reporter | 15 November 2018 | 7 Views

3 witnesses nail Komichi

by Staff reporter | 15 November 2018 | 1 Views

Schools seek permission to close early - At least five boarding school...

by Staff reporter | 15 November 2018 | 5 Views

Zimbabwe braces for tourist boom

by Staff reporter | 15 November 2018 | 1 Views

Zanu-PF recalls Chiredzi councillors - Zanu-PF has resolved to recall ...

by STaff reporter | 15 November 2018 | 6 Views

Entertainment

Winky D gets Chamisa's recognition

by Staff reporter | 06 November 2018 | 4955 Views

Tagwirei marries long-time girlfriend - Contemporary gospel musician T...

by Staff reporter | 05 November 2018 | 3275 Views

Winky D's video stirs controversy

by Staff reporter | 03 November 2018 | 3129 Views

Maskiri is back

by Staff reporter | 27 October 2018 | 885 Views

PHOTO: Sulumani Chimbetu now a prison warden

by Picture by Nyasha Chawatama | 25 October 2018 | 14271 Views

Indosakusa leaves injiva in stitches

by Future Moyo aka Jamelah | 23 October 2018 | 2617 Views

Bustop takes a dig at Mnangagwa

by Staff reporter | 14 October 2018 | 9119 Views

Olinda, Tytan planning to relocate to South Africa

by Staff reporter | 12 October 2018 | 1298 Views
iBlog

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago