Zimbabwe’s Broke government Offers Land For Civil Servants’ Outstanding Bonuses
THE cash strapped government on Wednesday offered civil servants housing stands instead their 2016 bonus but union leaders rejected the proposal, accusing ministers of living it up while their members live in abject poverty. Public Service Minister Prisca Mupfumira, Finance Minister Patrick Chinamasa and Reserve Bank of Zimbabwe governor John Mangudya held a meeting in […]
Robert Mugabe Uses Presidential Powers to Legalise Bond Notes
President Mugabe has gazetted Statutory Instrument 133 of 2016, which provides a legal framework for the introduction of bond notes as acceptable legal tender in Zimbabwe. SI 133 of 2016, Presidential Powers (Temporary Measures) Amendment of the Reserve Bank of Zimbabwe Act, empowers the central bank to issue out bond notes using its preferred design, […]
