The Supreme Court has ruled that all debts incurred prior to the removal of the 1:1 peg on the US dollar and the RTGS dollar shall now be settled in the local currency on a one to one basis. On 20 February 2019, the Zimbabwe Government announced the removal of the 1:1 peg, allowing for…
Yesterday the Supreme Court dismissed claims by the Zimbabwe Revenue Authority (Zimra) that it was owed $100 million by Econet Wireless through tax evasions. The curtain closed on a near 10-year battle between Zimra and Econet, wherein the tax authority claimed that the latter owed millions of dollars in unpaid taxes. A panel of judges,…
By Kundai Marunya Zimbabwe Federation of Trade Unions (ZFTU) and Congress of Zimbabwe Trade Unions (COZITU) have given the government and president a 72hour ultimatum till Monday to reinstate workers who were fired in the past two weeks. This follows a landmark ruling that reprieves companies from paying workers exit packages but on pay three…
