Breaking News

Mnangagwa coming after cartels

by Staff reporter
09 November 2018 | 6882 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money transfers last month, Mnangagwa said it had helped his government reduce the budget deficit and would not be repealed soon.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

Kudzi Chipanga joins Chiwenga's plotting team?

by Mandla Ndlovu | 26 April 2019 | 1 Views

Zanu-PF youths, armed cops evict family from its mine in the name of M...

by Staff reporter | 26 April 2019 | 1 Views

Pensioners Allowances - Again this government of crooks will always pl...

by Clement Moyo (Mr) | 26 April 2019 | 1 Views

Mnangagwa cancels trip to Malawi

by Mandla Ndlovu | 26 April 2019 | 4 Views

ZANU PF Youth leader resigns

by Mandla Ndlovu | 26 April 2019 | 5 Views

CIO boss dies mysteriously - The sudden death on Easter Monday of a se...

by Staff reporter | 26 April 2019 | 8 Views

Chamisa faces VPs headache

by Staff reporter | 26 April 2019 | 6 Views

'POSA bounces back as MOPA' - THERE has been a public outcry over the ...

by Staff reporter | 26 April 2019 | 2 Views

Mnangagwa's Zanu-PF panics - ZANU-PF yesterday said it was worried by ...

by Staff reporter | 26 April 2019 | 4 Views

Major shake-up in govt hospitals

by Staff reporter | 26 April 2019 | 2 Views

Sex embargo earns wife a hiding - An enraged 32-year-old man from Mand...

by Staff reporter | 26 April 2019 | 3 Views

Cop extorts teen lover of cows - A POLICE officer stationed at Guyu Po...

by Staff reporter | 26 April 2019 | 2 Views

Tsikamutanda killed for failing to reverse spell - A popular Redcliff ...

by Staff reporter | 26 April 2019 | 2 Views

Bosso star fined for 'stealing' a team jersey - HIGHLANDERS FC midfiel...

by Staff reporter | 26 April 2019 | 1 Views

Hooker tosses baby into latrine to save job - A self-confessed 42-year...

by Staff reporter | 26 April 2019 | 1 Views

Cheating man kills wife, shares bed with corpse - A CHEATING Victoria ...

by Staff reporter | 26 April 2019 | 3 Views

Man stabbed over friend's lover sex claim - A MAN from Beitbridge is b...

by Staff reporter | 26 April 2019 | 2 Views

CIO summon Zimbabwe Rugby Union officials

by Mandla Ndlovu | 26 April 2019 | 5 Views

Man dumped after paying lobola

by Staff reporter | 26 April 2019 | 2 Views

780 000 Zimbabwean young women HIV+

by Staff reporter | 26 April 2019 | 1 Views

Indecent proposal ... female tenant walks round house undressed

by Staff reporter | 26 April 2019 | 5 Views

No Zimbabwean referees at AFCON - LOCAL referees have mountains to cli...

by Staff reporter | 26 April 2019 | 1 Views

Teacher knocks pupil's tooth out for failing to solve Maths problem - ...

by Staff reporter | 26 April 2019 | 1 Views

Prophet caught pants down with married woman, ordered to pay 3 beasts ...

by Staff reporter | 26 April 2019 | 3 Views

Man dies after hearing girlfriend eloped with another lover - VIILAGER...

by Staff reporter | 26 April 2019 | 2 Views

ZANU PF wins 1st prize at ZITF

by Mandla Ndlovu | 26 April 2019 | 4 Views

Nurse needed to accompany woman who was eaten by dogs to India

by Mandla Ndlovu | 26 April 2019 | 3 Views

Mnangagwa arrives in Bulawayo in an expensive Dubai jet

by Mandla Ndlovu | 26 April 2019 | 5 Views

WATCH: Satire phone call that sparked Chiwenga's coup

by Mandla Ndlovu | 26 April 2019 | 29 Views

Entertainment

'Bukalanga Gathering 2019 Will Be Spectacular' - Organisers

by Titshabona Malaba Ncube | 26 April 2019 | 3 Views

Madlela to share stage with Shwi, Freddy in SA

by Staff reporter | 23 April 2019 | 366 Views

List of Zimbabwean celebrities who became politicians

by Mandla Ndlovu | 22 April 2019 | 5033 Views

Analysts defend Tinashe Kachingwe

by Mandla Ndlovu | 22 April 2019 | 5182 Views

Charambas drop videos

by Staff reporter | 17 April 2019 | 1335 Views
iBlog

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago

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