The poor will suffer from ‘grossly unfair’ fuel tax increases‚ warns AA

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The Automobile Association of South Africa (AA) has criticised the introduction of a new carbon tax on fuel‚ describing it as unfair for motorists and consumers. The tax was announced by finance minister Tito Mboweni during his budget speech on Wednesday. “Besides being an additional line of tax on the fuel price‚ the inclusion of a carbon tax is grossly unfair by government‚ given the fact that South Africans will now be paying an emissions tax on inferior quality fuel – despite not having access to higher quality fuels‚ which…

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SA : Prepare to cough up more for booze‚ cigarettes and fuel

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South Africans are set to cough up even more for tobacco and alcohol‚ following yet another increase on sin taxes announced by finance minister Tito Mboweni on Wednesday. If you’re feeling the pinch‚ one option to save money would be to swap your favourite tipple of whiskey or sparkling wine for sorghum beer‚ which will not be affected by the new increases in excise duty or sin tax. Excise duty on a can of beer goes up by 12c to R1‚74‚ while a 750ml bottle of wine will have an…

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Sanity in forex trade. . .RBZ floats US dollar exchange rate

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The Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against Real Time Gross Settlement (RTGS) balances, bond notes and all currencies in the multi-currency basket, as it seeks to formalise trade in foreign currency. Delivering the eagerly awaited 2019 Monetary Policy Statement (MPS) yesterday, RBZ Governor Dr John Mangudya said the move would bring sanity in the foreign currency market, promote exports, boost Diaspora remittances and investments, eliminate multi-tier pricing, as well as preserve value of local forms of money. The RBZ introduced bond notes in…

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Monetary policy to kill forex black market: Industrty

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INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency parallel market and help increase production. They described the monetary policy statement as “an excellent” intervention. Dr Mangudya announced a raft of measures designed to preserve the purchasing power of RTGS money and to restore export competitiveness within the economy. The measures include the establishment of an inter-bank foreign exchange market; putting in place local nostro foreign currency accounts settlement platform;…

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I was buying dagga when hijacking took place‚ says murder accused

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The man standing trial for the murder of nine-year-old Shallcross schoolgirl Sadia Sukhraj has maintained his innocence. Sibonelo Mkhize‚ 39‚ spent his second day in the witness box in the Durban high court on Tuesday. He was arrested after allegedly hijacking the car in which the schoolgirl and her father were travelling in May 2018. He faces two charges of murder‚ the second relating to the death of his alleged accomplice‚ Siyabonga Blose‚ as well as robbery with aggravating circumstances. On Tuesday‚ a confident and calm Mkhize maintained that on…

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‘China has confidence in Zimbabwe’

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China has confidence that Zimbabwe will achieve its developmental goals under the leadership of President Mnangagwa, whose reforms will transform the country and attract more investors, the Asian giant’s acting ambassador here has said. Addressing delegates during the 2019 Chinese Spring Festival gala in Harare on Sunday night, Acting Chinese Ambassador to Zimbabwe Mr Zhao Baogang, who is also the Charge d’Affaires at the embassy, noted that Zimbabwe had faced developmental challenges but would achieve its goals. He predicted that the country would achieve President Mnangagwa’s vision of transforming Zimbabwe…

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‘Robber’ cops in the dock. . .Police station canteen, houses broken into

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A BULAWAYO police officer stationed at Fairbridge Camp allegedly ganged up with an accomplice and broke into a police canteen and several houses at the camp and stole car batteries, laptops and groceries worth more than $1 400. Michael Mhlanga (43) an Assistant Inspector in Bulawayo and Ntando Dube (38) of Ntabazinduna on different occasions broke into the ZRP canteen and into the homes of other police officers and stole a wide range of goods. The pair appeared before Bulawayo magistrate Mr Tinashe Tashaya facing charges of unlawful entry and…

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Imagine paying R212 for a loaf of bread!

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The danger of high inflation was on Monday highlighted by Lesetja Kganyago‚ governor of the South African Reserve Bank (SARB). It is a scenario that neighbouring Zimbabwe is crippled by‚ and SA’s lawmakers should take heed. Earlier this month‚ Zimbabweans woke up to a shock 66% bread price hike. And in the past two months‚ the bread price there has gone up three times. In January‚ fuel prices almost doubled. Kganyago crunched the numbers showing how the price of any item could surge to unaffordable levels‚ if inflation was not…

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WATCH | Three thieves and a baby: Woman uses child as decoy to steal cellphone

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A gang of three people, including a woman carrying a baby, is stealing cellphones and other valuables in Bedfordview, east of Johannesburg. In video footage, the woman can be seen carrying a baby and standing behind a man identified as Peter Faucitt, the co-owner of RegimA Zone, a skin treatment centre. Faucitt is seen getting up from a chair and looking away. The woman then walks closer to the table where his cellphone is placed, before grabbing it and walking away. Faucitt’s wife Jacqui said the woman was in the company…

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Protests cases flood Bulawayo courts

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THE Judiciary Services Commission (JSC) has deployed 10 senior magistrates to Bulawayo to help their counterparts deal with the high number of public violence cases in the province emanating from last month’s protests. Hundreds of people were arrested countrywide following the violent protests characterised by looting of shops and destruction of infrastructure. JSC acting secretary Mr Walter Chikwanha said Western Commonage courts followed by the Bulawayo magistrates’ courts housed at Tredgold Building have the highest number of public violence cases in the country hence their decision to deploy 10 more…

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