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The Zimbabwe Electricity Supply Authority has said it has no expected time for the restoration of power in Hatfield and Kuwadanza, Harare.
In a statement, the power utility said its engineers were seized with the matter. Pindula News presents ZESA’s statement:
<blockquote>
PowerOutage: Kuwadzana &amp; Hatfield Customers We apologise that service could not be restored today as expected. Our Engineers are working round the clock to ensure restoration. No Expected Restoration Time at this stage. We will keep you updated.WhatsApp: 0719219977.
</blockquote>
The announcement irked some football fans in affected areas who said they cannot watch the Africa Cup of Nations (AFCON) finals which kickstarted on Sunday.
Meanwhile, the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of ZESA has another power outage in other parts of Harare due to a cable fault. Read the statement:
<blockquote>
Areas Affected:
A section of industries along Conald road, Shepperton and Boshoff granitesite industrial area. Our teams are working round the clock to ensure service is restored. The inconvenience caused is sincerely regretted. 
</blockquote>
ZETDC also announced power outages in Southerton: Ardbennie industries and residential, OK Ardbennie and the surrounding areas; Mounthampden: Beta bricks and Charles Prince Airport.
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

Pindula News

"No Expected Restoration Time" - ZESA On Kuwadzana, Hatfield Power Outages

<h2>A note from us</h2>
We have availed the Pindula website to Zimbabwean small businesses to advertise for free.
Anyone can now register on the Pindula website <a href="https://zero.pindula.co.zw/market/sell">https://zero.pindula.co.zw/market/sell</a> and post their adverts to reach the readers in our community.
Of course, we can’t show everyone’s adverts at the same time everywhere on the sites, so the actual discoverability of adverts posted depends on a couple of things such as the interest in a product in the market, the price given by the advertiser, and the competition on our platform for that kind of product.
What we have seen over the past several weeks is that advertisers do get some generous leads from their free adverts here.
That said, businesses can actually track the performance of their adverts on the site to see the level of interest.
For the few businesses that just want to appear on the “front page” of our sites, there’s a nominal fee of US $1 to show the whole day. It’s payable in EcoCash automatically so you don’t have to contact us to do this.
<h2>Why we have done this</h2>
Many Zimbabwean small businesses struggle to reach the people online. Platforms like Facebook and Instagram are social networks first and charge US dollars for businesses to advertise. Paying USD online is difficult for small businesses in Zimbabwe to do.
We thought we would introduce an easier way for small businesses to reach the thousands of people that already read news on Pindula.
The main reason we do it however is to improve Pindula in general for the people in our community of readers here on the website and also on WhatsApp. You already use our platform to get trustworthy news and we thought it would be a good idea for you to discover trustworthy small businesses to buy from.
Because of that, we exercise a lot of moderation for the adverts posted. For example, we don’t allow any gray area things like bitcoin ads, health supplements, and since a few days ago, civil servant loans. And once a Pindula community member complains about a business, we take it very seriously, follow up and even remove them from the platform.
So far, our readers are loving this, which translates into more business leads for the small businesses here.
As usual, we’d love your feedback and suggestions so we improve the product. It’s early days so we seriously need this feedback as we build out the platform. Thank you!

Pindula avails free advertising on its website to local small businesses

The family basket for a low-income earner for a family of six increased by 25.19% in December 2021, from November 2021, the Consumer Council of Zimbabwe (CCZ) has said.
The CCZ said a family of six now requires ZWL$72 967 to meet their basic needs, up from ZWL$58 284 recorded in the month of November 2021. CCZ said:
<blockquote>
The family basket for a low-income earner for a family of six as measured by the Consumer Council of Zimbabwe increased from ZWL$58 284 recorded in the month of November 2021 to ZWL$72 967 indicating an increase of 25.19%.
</blockquote>
CCZ attributed the astronomical price increases partly to market speculation among other factors.
The current cost of living means that a family of six now requires US$363 using the current parallel market exchange rates to meet their monthly requirements.
When using the official exchange rate that was last announced on 14 December 2021, the figure is a whopping US$672.
<h4>More: <a href="https://www.newzimbabwe.com/breadbasket-shoots-to-zw73k/">NewZimbabwe.com</a></h4>

Family Basket Of Six Rises To $72 967 Per Month

The Government, through the Minister of State for Provincial Affairs and Devolution in Manicaland, Nokhutula Matsikenyere, has hailed Allied Timbers of Zimbabwe (ATZ) for creating employment for rural dwellers.
Matsikenyere noted developments at Cashel Estate where ATZ is constructing a high-tech sawmill that will benefit local communities through employment creation and self-sustaining projects in the form of an out-grower scheme.
In a speech read on her behalf by the Secretary for Provincial Affairs and Devolution, Edgar Seenza, at the end of year party recently thrown for traditional leaders in Mutare, Matsikenyere said:
<blockquote>
We have learnt that most of the workforce is drawn from the local communities. At Cashel Estate, ATZ is also constructing a high technology sawmill, which on completion by midyear 2022 will employ scores of people in the sawmill chain, sorting, destocking, harvesting and haulaging.
I am told you are also looking at building another state-of-art sawmill at Nyangui beginning the third quarter of the year 2022. Many developments are being achieved by Allied Timbers.
</blockquote>
The out-grower scheme encompasses the Nyatate area in Nyanga and is expected to cascade to Mhakwe, Gwendingwe, Mapiravana and Chirumhanzu, among other areas, beginning this month.
ATZ chief executive officer, Remigio Nenzou said traditional leaders play a critical role in the areas the company is operating in as they are the custodians of the land and forests. Said Nenzou:
<blockquote>
Our CSR programme acknowledges traditional leaders as the custodians of the land and forests in which we operate in.
We started our efforts by inviting you to the traditional leaders’ beekeeping training programme. This was the first-ever training programme for chiefs in the country.
The programme was our first out-reach to impart knowledge to you so that you can go back to your subjects and train them. We gave you starter packs for the project as well.
We are happy that you went back and created groups, trained and helped them set up beehives. Our aim is to improve community relations.
We are also investing in the formation of fire brigades to combat and minimise veld fires so that we can collectively depend on the forest for our livelihoods.
We need your help to ensure that the communities surrounding our estates develop a sense of business and ownership.
If estates are razed down by fires or other disruptions from the communities, there will be no timber to talk about.
Traditional leaders, therefore, need to campaign against invasions, fire outbreaks and other social ills like gold panning.
</blockquote>
The event was attended by chiefs Saunyama, Mutema, Muusha, Chikukwa and Zimunya, among others.
<h4>More: <a href="https://www.manicapost.co.zw/allied-timbers-creates-rural-employment/">The Manica Post</a></h4>

Allied Timbers Creates Employment For Rural People

The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Panonetsa Mangudya has postponed the first 2022 Foreign Exchange Auction that was scheduled for Tuesday the 11th of January.
Mangudya said the auction will now be conducted on the 18th of this month.            
In a statement, the central bank said the move is in line with the need to facilitate proper documentation systems delayed due to the COVID-19 pandemic.  Pindula News presents the statement:
<blockquote>
<h2>IMPACT OF COVID-19 ON SUBMISSION OF FOREIGN EXCHANGE AUCTION BID DOCUMENTATION AND DEFERMENT OF FIRST AUCTION OF 2022</h2>
The Reserve Bank of Zimbabwe wishes to advise the public that the spike in Covid-19 infections has impacted negatively on the ability of Authorised Dealers to timeously submit essential information required to carry out the due diligence on auction bid documentation submitted by their clients. As a result, Authorised Dealers were not able to submit all the required information for the first auction of 2022, originally set for 11 January 2022.
In order to give Authorised Dealers sufficient time to carry out the necessary due diligence and submit the required documentation, the first auction of 2022 will be held on 18 January 2022. 
</blockquote>
RBZ’s last auction was on <a href="https://news.pindula.co.zw/2021/12/14/rbz-forex-auction-results-14-december-2021/">14 December last year.</a> The central bank then closed the Auction System in line with the resolutions of the Monetary Policy Committee (MPC) meeting of 3 Dec 2021 and in view of the festive season that was approaching.
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

RBZ Postpones The 1st 2022 Foreign Currency Exchange Auction

The Zimbabwe Energy Regulatory Authority (ZERA) on Friday announced the suspension of mandatory petrol blending.
The authority made the announcement <a href="https://news.pindula.co.zw/2022/01/07/both-zw-and-usd-prices-for-diesel-and-petrol-go-down-marginally/">in a statement that also announced a downward review of fuel prices.</a>
Zimbabwe introduced mandatory petrol blending in 2011, and by 2014 the blended petrol grade E15 was available on the market.
The introduction of mandatory blending came against the backdrop of fuel crises, and the need to promote local investments.
Announcing the suspension, ZERA said:
<blockquote>
The public and operators are advised that the blending ratio has been reviewed from E 10 to E0. 
</blockquote>
ZERA also announced that the new price for Diesel 50 in local currency is $149.55 per litre down from $150.31 while that of petrol is pegged at $152,87 from $154,56 in December.
In United States (US) dollars, the price of Diesel 50 is at US$1,38 while that of petrol (E0) is now pegged at US$1,41 down from US$1.42 per litre. 
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

FUEL: ZERA Scraps Mandatory Petrol Blending

Petrotrade,  a successor Company to the National Oil Company of Zimbabwe (Noczim), has announced the appointment of Ms Nomsa Chitsaka as the company’s Business Development Director with effect from the 1st of December 2021.
Petrotrade Board chairperson, Advocate Tinomudaishe Chinyoka said in a statement:
<blockquote>
Executive Appointment
Petrotrade (Private) Limited is pleased to announce the appointment of Ms. Nomsa Chitsaka as the company’s Business Development Director effective 1 December 2021.
Ms Chitsaka joins Petrotrade (Private) Limited from Vivo Energy (Private) Limited where she was serving as Lubrkatits Business Manager and Integrated Business Planning lead. She brings with her 10 years’ work experience leading business and commercial functions in Energy and FMCG industries having worked for Nestle Zimbabwe (Private) Limited, Schweppes Ltd, and Cairns Foods Ltd.
Ms. Chitsaka holds a Master’s degree In Business Administration and a Bachelor of Commerce Honours degree In Marketing Management from Midlands State University. Ms. Chitsaka also holds a certification in Digital Marketing from Marketers Association of Zimbabwe.
The Board, Management and Staff at Petrotrade (Private) limited warmly welcomes Ms. Chitsaka and wish her success during her tenure in this new role.
For and on behalf of the Board of Directors
Advocate Tinomudaishe Chinyoka
Board Chairperson
</blockquote>
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

PetroTrade Appoints Nomsa Chitsaka As Business Development Director

The Zimbabwe Revenue Authority (ZIMRA) has come under fire after suspending the appointment of Board member Dr Morris B Mpofu to the post of Acting Commissioner-General. 
Mpofu was previously accused of corruption at the Zimbabwe Consolidated Diamond Mining Corporation (ZCDMC) where he was the chief executive officer.
ZIMRA announced the suspension of the appointment in a Board circular No. 2 of 2022 dated 7 January 2022 that was addressed to all staff. Read the circular:
<blockquote>
<h2>RE: NOTICE OF CHANGES TO THE APPOINTMENT OF THE ACTING COMMISSIONER-GENERAL AND THE CONTINUATION OF MR. R. MASAIRE AS ACTING COMMISSIONER-GENERAL.</h2>
The Zimbabwe Revenue Authority (ZIMRA) Board wishes to inform members of staff that the assumption of duty of Dr Moris B. Mpofu as Acting Commissioner General of the Authority has been suspended.
Accordingly, Mr Rameck Masaire will continue to serve as Acting Commissioner General of the Authority.
</blockquote>
ZIMRA had announced Mpofu’s appointment on the 4th of January 2022. Reads the statement that announced the appointment:
<blockquote>
The Zimbabwe Revenue Authority (ZIMRA) Board announces the early retirement of Mr. Rameck Masaire who was the Acting Commissioner-General (ACG) of ZIMRA. The retirement is with effect from 1 February 2022.
Mr. Masaire re-joined ZIMRA as Commissioner Domestic Taxes on 1 September 2018, coming from Ernst &amp; Young. He served in that role until 1 February 2021 when he was appointed ACG of ZIMRA, the role he has been executing until his retirement notice on 30 December 2021. 
With his vast tax knowledge and experience, he has provided valuable leadership to the organisation and the team that he has been working with over the years. A number of notable achievements have been recorded during his time in ZIMRA, which will remain an invaluable legacy for the organisation and the nation. The Board takes this opportunity to thank Mr. Masaire for his contribution to the organisation and wish him well in his future endeavours.
In the same breath, on behalf of the Board, I announce the appointment of Board Member, Dr. Moris B. Mpofu as Acting Commissioner-General with effect from 1 January 2022 until 30 April 2022 with the hope that within that period the recruitment process for the substantive Commissioner-General would have been finalised. Dr. Mpofu’s appointment is in terms of section 17 (4) (b) of the Public Entities Corporate Governance Act [Chapter 10:31].
The ZIMRA Board wishes Dr. Mpofu the best in managing this transition.
</blockquote>
Commenting on the development, exiled former Cabinet minister, Professor Jonathan Moyo described Moyo’s appointment as “controversial”. He said:
<blockquote>
ZIMRA has suspended its controversial appointment of Dr Moris B Mpofu as the Authority’s Acting Commissioner General!
</blockquote>
Law expert, Alex Magaisa said is folly to suspend Mpofu’s appointment and keep him as a board member. Said the UK-based law lecturer:
<blockquote>
The absurdity is that while they say Dr Morris B. Mpofu is not good enough to be the Acting Commissioner-General, he has been and is still good enough to be a board member of the tax collector!
</blockquote>
<a href="https://news.pindula.co.zw/2022/01/06/zimra-invites-candidates-to-fill-vacant-posts/">The ZIMRA Board this week invited</a> qualified and experienced Zimbabwean citizens to fill the position of Commissioner-General.
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

ZIMRA On Spotlight As It Suspends A Recent Appointment Of Dr Mpofu As Acting Commissioner-General

Mr Obert Manombe Dube who owned a chain of lodges, Omadu Lodges, has died aged 75 years.
Mr Dube succumbed to kidney failure on Tuesday at Premier Hospital in Hillside, Bulawayo.
He will be buried tomorrow at his rural homestead at Gohole village in Maphisa.
Family’s spokesperson and nephew to the late businessman, Mr Andrew Ncube, said the body of Mr Dube will leave Bulawayo for Maphisa this afternoon. Mr Ncube said:
<blockquote>
We are saddened with the passing on of Mr Dube who had been ill for a while. He will be buried at his homestead in Maphisa. His body will leave from 113 Matopos Road, Famona.
</blockquote>
By the time of his death, Mr Dube was running a chain of lodges in Beitbridge and Maphisa after the one in Plumtree was sold.
Mr Dube is known for his big role in developing small-town lifestyles through taking initiatives of casinos to rural Matobo and Plumtree.
More: <a href="https://www.chronicle.co.zw/hotel-proprietor-obert-omadu-dube-dies/">The Chronicle</a>

Omadu Lodges Owner, Obert Omadu Dube Has Died

The Securities and Exchange Commission of Zimbabwe (SECZ) CEO, Tafadzwa Chinamo, will leave the country’s capital market regulator at the end of this month after 10 years in the role.
Chinamo joined SECZ as CEO in 2011.
His departure is in line with the new Public Entities Corporate Governance Act (Part 1V), which states that CEOs of public entities should serve for a maximum term of five years, renewable once only, to make it 10 years.
Chinamo confirmed the development. He Chinamo told Business Times on Thursday:
<blockquote>
It’s true, my term comes to end this month.
I joined SECZ in August 2011  and my departure is in line with the new Public Entities Corporate Governance Act. I only performed the CEO’s duties in the last six months waiting for the conclusion of the process to select the new CEO of SECZ.
</blockquote>
Chinamo, however, refused to reveal the identity of the new SECZ CEO. He said:
<blockquote>
The announcement will be published very soon on the new CEO taking over from me since the process is near complete.
</blockquote>
Over the past 10 years, Chinamo said SECZ implemented several initiatives including the automation of the capital markets.
More: <a href="https://businesstimes.co.zw/secz-ceo-tafadzwa-chinamo-steps-down/">Business Times</a>

Chinamo Steps Down As CEO Of Securities And Exchange Commission of Zimbabwe

The Zimbabwe Energy Regulatory Authority (ZERA) has announced the fuel prices for January 2022. The Authority marginally reduced prices of both diesel and petrol. Pindula News presents a statement issued by ZERA:
<blockquote>
<h2>PETROLEUM PRICES REVIEW – JANUARY 2022</h2>
Please be advised that the prescribed prices for diesel and blend for January 2022 are as follows:
<div class="row justify-content-center">
<table class="table table-bordered table-hover" id="table_1">
<tbody>
<tr>
<td title="Character Accurarcy=0"> </td>
<td title="Character Accurarcy=0"> </td>
<td title="Character Accurarcy=98.14">ZWL</td>
<td title="Character Accurarcy=0"> </td>
<td title="Character Accurarcy=99.59">US$</td>
</tr>
<tr>
<td title="Character Accurarcy=0"> </td>
<td title="Character Accurarcy=97.86">Diesel 50 (ZWL/litre)</td>
<td title="Character Accurarcy=85.22">Petrol: E0 (ZWL/litre)</td>
<td title="Character Accurarcy=98.62">Diesel 50 (US$/litre)</td>
<td title="Character Accurarcy=92.59">Petrol: EO (US$/litre)</td>
</tr>
<tr>
<td title="Character Accurarcy=99.85">Maximum prices</td>
<td title="Character Accurarcy=99.84">149.55</td>
<td title="Character Accurarcy=99.92">152.87</td>
<td title="Character Accurarcy=99.85">1.38</td>
<td title="Character Accurarcy=99.69">1.41</td>
</tr>
</tbody>
</table>
</div>
The public and operators are advised that the blending ratio has been reviewed from E 10 to E0. Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided by the fuel pricing regulations.
Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle.
</blockquote>
In December, ZERA set the maximum pump price of diesel at ZWL$150.31 or US$1.38 per litre while that of petrol has been capped at ZWL$154.56 or US$1.42 per litre.
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

Both ZW$ And USD Prices For Diesel And Petrol Go Down Marginally

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of the Zimbabwe Electricity Supply Authority has apologised for power outages in some parts of the country including Harare, Norton and Bindura. The power utility said it was working to ensure service was restored in affected areas. Pindula News presents ZETDC’s statement on the outages:
<blockquote>
<h2>NOTICE TO OUR VALUED CUSTOMERS: HARARE</h2>
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) would like to apologize to its valued customers in Harare for a power outage due to an underground cable fault. 
Areas affected:
Mt Pleasant Heights, parts of Mt Pleasant, National Defence College, Emerald Hill, Ashbrittle, Nursery road, World Vision, Marlborough East, Chinese Embassy, Golden Stairs and the surrounding areas.
Our teams are working round the clock to ensure service is restored.
The inconvenience caused is sincerely regretted.
</blockquote>
In a different notice, ZETDC said:
<blockquote>
<h2>NOTICE TO OUR VALUED CUSTOMERS: NORTHERN REGION</h2>
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) would like to apologize to its valued customers in Northern Region for a power outage due to faults on the network. 
Areas affected
BINDURA: Matepatepa, Bindura North, Woodlands Farm and the surrounding areas.
NORTON : Darwendale, Mwanga, Sandringham, Mhondoro, Chibero, Linden, Essex farm and the surrounding areas.
BEATRICE: Featherstone, Mamina, Plumstead Joyce Mine and surrounding areas.
Our teams are working round the clock to ensure service is restored.
The inconvenience caused is sincerely regretted. 
</blockquote>
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

ZESA Speaks On Power Outages In Harare, Bindura, Norton, Beatrice

The Zimbabwe Energy Regulatory Authority (ZERA) has announced prices of liquified petroleum gas (LPG) for the month of January 2022. Pindula News presents the ZESA statement on the development:
<blockquote>
<h2>LIQUEFIED PETROLEUM GAS (LPG) -JANUARY 2022</h2>
Stakeholders are advised that the LPG prices for January 2022 calculated according to the Petroleum (Liquid Petroleum Gas Pricing) Regulations 90 of 2021 are as follows:
<table class="table table-bordered table-hover" id="table_1" style="width: 91.0891%; height: 140px;">
<tbody>
<tr>
<td title="Character Accurarcy=0"> </td>
<td title="Character Accurarcy=99.96">January 2022</td>
</tr>
<tr>
<td title="Character Accurarcy=92.94">US$ price/kg</td>
<td title="Character Accurarcy=99.9">2.05</td>
</tr>
<tr>
<td title="Character Accurarcy=96.11">ZWL price/kg</td>
<td title="Character Accurarcy=99.53">222.32</td>
</tr>
</tbody>
</table>
Operators are advised to display the prices at their retail outlets at a prominent place in clearly legible letters. Please note that it is permissible to sell LPG at prices below the prescribed prices depending on one’s trading advantages.
Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle. 
</blockquote>
January price is a decrease from the retail price for LPG of US$2.14 per kilogramme or alternatively, ZWL$222.95 per kilogramme <a href="https://news.pindula.co.zw/2021/12/07/zera-increases-lp-gas-prices-for-december/">announced in December 2021.</a>
This was a significant increase from the November 2021 prices which were pegged at US$2.05 per kilogramme and ZWL$$202.78 per kilogramme respectively
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

ZERA Announces LP Gas Prices For January 2022

Doves Funeral Services (Doves) has fired its hearse driver, the whistle-blower, Sam Chitsike, on allegations of failing to do due diligence after learning that he had carried an empty coffin for burial to Nyanga.
The burial mix up saga made headlines late last year after the top parlour gave a Nyanga family an empty coffin before burying his body in the same coffin with a beggar.
Chitsike claims his former employer now accuses him of concealing the mix-up. He said in a live recording streamed on social media:
<blockquote>
They are blaming me for keeping the secret. They said why didn’t you tell your supervisor immediately after learning what had happened.
</blockquote>
Chitsike who was dismissed on December 31 last year said he had told his superior, who is now denying it because it is being treated as an offence and can eventually end in criminal litigation.
Doves is accused of burying Maxwell Chimwamurombe’s body in the same coffin as a pauper in Harare, after realising its mistake.
It is alleged that this was done to conceal the mix-up, but conscience prompted Chitsike, who had driven the empty coffin to disclose the issue to the family. Chitsike added:
<blockquote>
I don’t know what I did wrong. My family is now starving and I’m asking if you can help me to go back to work so that I can look after my family.
I committed no offence and these are allegations which are just being created so that I leave the company.
</blockquote>
Chitsike who joined Doves as a security guard 12 years ago said his role was simply to ferry the body to its rural home in Nyanga adding that morticians prepared the body and the coffin.
He also said he never noticed that there was something amiss throughout the process until he was alerted by his colleagues soon after the burial prompting him to approach his superiors who told him to keep it a secret.
More: <a href="https://www.newzimbabwe.com/doves-burial-saga-rages-on-as-firm-sacks-whistle-blower-driver/">NewZimbabwe</a>

Doves Burial Saga: Whistle-blower Fired

The Zimbabwe Revenue Authority (ZIMRA) is inviting applications from suitably qualified persons to fill the following posts that have arisen within the Authority. Pindula News presents the adverts below:
<blockquote>
<h2>(1.) COMMISSIONER: DOMESTIC TAXES – LEVEL 2 (1 POST)</h2>
Main Function:
To provide leadership and policy guidance in the collection of revenue, advising government on fiscal and economic matters and to promote and enforce compliance with tax laws.
Responsibilities:
 Overall administration of Income Taxes, VAT, PAYE, Capital Gains Tax and other ancillary Tax Legislation. 
 Negotiate international tax treaties. 
 Give expert advice to Commissioner General on tax legislation, policy and administration. 
 Give advice and guidance on research and development of all tax legislation. 
 Determination of objections and dealing with appeals on tax matters. 
 Responsible for the overall management and giving strategic direction to the Tax Division. 
 Participate in policy formulation and implementation for the Authority. 
 Any other duties as may be assigned and directed from time to time.
Qualifications and Experience:
 A degree in Accountancy, Business Administration, Economics or an equivalent accounting qualification. 
 A relevant Master’s degree would be an added advantage. 
 At least ten (10) years practical experience, five (5) of which were at senior management level. 
 Strong leadership qualities and analytical skills required. 
 Should have strong people management skills. 
 Exposure on taxation of international businesses. 
 Strong practical experience in working with revenue administration systems. 
 Experience in a computerised environment is necessary. 
 Clean Class 4 driver’s licence is a prerequisite.
Other Attributes:
 Drive for results. 
 Ability to work under pressure. 
 Ability to communicate at all levels. 
 Ability to work both independently and as part of a team. 
 Unquestionable integrity.
Interested candidates should submit applications, accompanied by a detailed Curriculum Vitae and certified copies of academic and professional qualifications, by not later than 27 January 2022, in envelopes clearly indicating the position being applied for.
All applications should be emailed to ZimraRecruitment@zimra.co.zw clearly indicating the position you are applying for as your E-mail Subject Reference and addressed to:
The Commissioner-General 
Zimbabwe Revenue Authority 
6th Floor ZB Centre 
Corner First Street / Kwame Nkrumah Avenue 
P. O. Box 4360 
HARARE 
Please note that only shortlisted applicants will be responded to.
<h2>(2.) COMMISSIONER GENERAL</h2>
The ZIMRA Board invites qualified and experienced Zimbabwean citizens to fill the position of Commissioner General.
Reporting Structure
The position reports to the ZIMRA Board of Directors.
Key Responsibilities
The Commissioner General shall be responsible for the following;
 Provide strategic, proactive and effective leadership for the authority’s operations. 
 Supervising and managing the Authority’s staff, activities, funds and property. 
 Advising the Government of Zimbabwe on fiscal policy matters, laws and regulations including amendments. 
 Overseeing the interpretation and implementation of Zimbabwe’s policies relating to taxation and customs duties. 
 Building and leading a modern and efficient revenue administration that ensures all taxes and duties due to the Government of Zimbabwe are collected. 
 Broadening the revenue base and automation of ZIMRA business processes. 
 Put mechanisms in place to reduce revenue leakages. 
 Analyzing performance trends, setting operational targets and reviewing revenue collection strategies. 
 Preparing strategic and development plans for the Authority.
 Providing policy analysis and advice in revenue collection and trade facilitation. 
 Establishing, developing and maintaining strategic relationships, knowledge sharing, partnerships and collaboration between ZIMRA and multi-lateral organizations such as AfDB, ATAF, IMF, WCO, World Bank and WTO, and with regional organizations such as SADC, COMESA, ESAMI and bi-lateral relations with major trading partners. 
 Performing such other functions as may be assigned by the Board.
Job Specifications
 Applicant must have demonstrable leadership capabilities to lead a large, complex diversified institution. 
 The applicant is required to have a comprehensive knowledge of Zimbabwe’s tax and customs systems and familiarity with the revenue laws, regulations, treaties and protocols administered by the Authority. 
 Excellent planning and organizing skills required in managing assigned projects to accomplish work objectives in compliance with procedural, administrative and technical requirements prescribed by the various laws and regulations administered by ZIMRA. 
 Provides the Authority with effective leadership anchored on high ethical standards. 
 Good interpersonal skills. 
 Good communication and engagement skills. 
 Excellent stakeholder engagement and management skills. 
 Ability to lead large scale change management projects.
Qualifications:
 Degree in Economics, Accounts, Business Studies, Fiscal Studies, Banking, Finance, Auditing or equivalent. 
 A Masters’ degree or equivalent postgraduate commercial qualification in areas such as Taxation, Business Administration, Economics, Information Technology, Accounting, Fiscal Studies or Law.
Related Experience:
 A minimum of ten (10) years’ experience in Tax and/or Customs. 
 At least 5 years’ experience at the executive management level. 
 Experience in organizational management or other aspects of public administration would be an added advantage. 
 Regional or international exposure will be an added advantage. 
Interested candidates should submit applications, accompanied by a detailed Curriculum Vitae and certified copies of academic and professional qualifications, by 27 January 2022. All applications should be emailed to ZimraRecruitment@zimra.co.zw indicating your E-mail Subject Reference as Commissioner General Position and addressed to:
The Board Chairperson 
Zimbabwe Revenue Authority 
6th Floor ZB Centre 
Corner First Street / Kwame Nkrumah Avenue 
P. O. Box 4360 
HARARE
</blockquote>
<h2>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h2>

ZIMRA Invites Candidates To Fill Vacant Posts

<h2>CHARGING OF PARKING FEES IN DESIGNATED CONTROLLED AREAS IN UNITED STATES DOLLARS OR EQUIVALENT</h2>
<h2>STATUTORY INSTRUMENT 296 OF 2021</h2>
The Zimbabwe Revenue Authority (ZIMRA) wishes to advise all cross border transporters that a penalty of US$20.00 will be charged for each hour or part thereof that a vehicle is parked in a controlled area, designated in terms of Statutory Instrument 57 of 2007 and Statutory Instrument 296 of 2021, in excess of three hours, being the maximum permissible parking time, up to a limit of US$200.00
“Controlled area” means the area under the control of the ZIMRA within a port of entry Specified at Beitbridge, Chirundu, Plumtree, Kariba, Forbes, Kazungula, Sango, Nyamapanda, Mpoengs, Pandamatenga, Mt Selinda, Victoria Falls and Maitengwe border posts.
The penalty is levied in United States dollars for all foreign-registered vehicles and shall be paid in foreign currency.
For locally registered vehicles, the penalty may be paid in local currency using the prevailing interbank rate of exchange at the time of payment.
The penalty shall be payable to ZIMRA and for all payments made the transporter shall be issued with a payment receipt.
All stakeholders are encouraged to take advantage of the pre-clearance facility to minimise time spent at the border after the arrival of the vehicle.
For the avoidance of doubt, all trucks still under the customs clearance process by ZIMRA and other government stakeholders will be exempted from paying the penalty
More: <a href="https://news.pindula.co.zw/">Pindula News</a>

FULL TEXT: ZIMRA Notice On Charging Of Parking Fees In Designated Controlled Areas In USD Or Equivalent

The Zimbabwe Revenue Authority (ZIMRA) has described as fake a document titled “Issuance of tax clearance certificates ([ITF263] for the year 2022.”
In a post on Twitter on Wednesday evening, ZIMRA advised the public to ignore the notice, saying it is fake. <a href="https://twitter.com/Zimra_11/status/1478765060164136964">ZIMRA wrote:</a>
<blockquote>
Please be advised that this purported Public Notice 11 is fake and has not been issued by ZIMRA.
… Please ignore the purported Notice 11 of 2022 for it is fake.
</blockquote>
Below is the public notice purportedly issued by ZIMRA, which the tax authority has dismissed as fake:
<blockquote>
ISSUANCE OF TAX CLEARANCE CERTIFICATES [ITF263] FOR THE YEAR 2022 
The Zimbabwe Revenue Authority (ZIMRA) is hereby informing all registered taxpayers to fully comply with the following in order to access ITF263: 
<ol>
<li>Updated Tax Affairs. All registered taxpayers should be up to date with the submission of tax returns, tax payments and master data information must be up to date i.e. E-Mail Address, Telephone Number, Bank Accounts, Industry Class. </li>
<li>Fully Fiscalised and Interfaced. For those registered for Value Added Tax (VAT), should fully fiscalise for multi-currency with their invoice/receipts showing currency of transaction and their devices interfaced with ZIMRA servers. </li>
</ol>
a) Approach ZIMRA Fiscal Devices Approved Supplier listed in Public Notice Number 85 on ZIMRA website. Please note that the devices should be configured to show: 
✔ Transactions done in local currency ZW$ 
✔ Transactions done in foreign currency like the USD. 
b) Where clients have devices that cannot be configured for multicurrency, different devices should be configured to show either of the above requirements. 
Due to the unstable performance of the e-Services platform, some taxpayers have not been able to access their tax clearance certificates on time. ZIMRA, therefore, apologizes for any inconvenience caused. 
It is in recognition of such inconveniences that ZIMRA would like to advise that all registered taxpayers without valid Tax Clearance Certificates (ITF263) are deemed to have tax clearance certificates expiring 28 February 2022. 
In the meantime, clients are advised to continue checking for their tax clearance certificates online. For further enquiries, clients are advised to use the following email addresses: 
<ol>
<li> Large Client Office (LCO) – itf263queriedesklco@zimra.co.zw</li>
<li> Medium Clients Office (MCO) –itf263queriedeskmco@zimra.co.zw</li>
<li> Small Clients Office (SCO) – itf263queriedesksco@zimra.co.zw</li>
<li> Region 2 – itf263queriedeskregion2@zimra.co.zw</li>
<li> Region 3 – itf263queriedeskregion3@zimra.co.zw</li>
</ol>
✔ Submit Tax Returns online via ZIMRA e-services http://www.efiling.zimra.co.zw or alternatively use email addresses as published on the ZIMRA website. 
✔ All Tax Payments, use ZIMRA Bank Accounts on website https://www.zimra.co.zw/profile/203 Follow us on Twitter @Zimra_11 Facebook www.facebook.com/ZIMRA.ZW 
</blockquote>
More: <a href="https://news.pindula.co.zw/">Pindula News</a>

ZIMRA Dismisses "Public Notice On Issuance Of Tax Clearance Certificates" As Fake

The Zimbabwe Energy Regulatory Authority (ZERA) has deferred announcing the fuel prices for the month of January 2022 partly because of consultations that are still taking place at Government level.
In a notice issued this Wednesday, ZERA said the January 2022 fuel prices will be announced in due course and in the meantime, fuel operators should use the December 2021 fuel prices. ZERA said:
<blockquote>
According to Statutory Instrument 270 of 2019, Petroleum (Petroleum Products Pricing) Regulations, the Zimbabwe Energy Regulatory Authority (ZERA) is supposed to review and announce fuel prices by the 5th of every month.
However, due to consultations that are taking place at Government level, as we monitor developments in the international oil markets, ZERA will issue a statement on the January 2022 fuel prices after the statutory set date.
Fuel operators are therefore urged to continue trading as per the December 2021 fuel prices while consultations are being finalised.
The January 2022 fuel prices will be announced in due course.
</blockquote>
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

ZERA Defers Reviewing Fuel Prices For January 2022

The Procurement Regulatory Authority of Zimbabwe (PRAZ) has opened registration for public sector suppliers, with businesses warned that they risk losing business if they fail to register.
In an interview with State media, PRAZ chief executive officer, Clever Ruswa, said that the registration of public sector suppliers is mandatory.
He also said registration ensures transparency and accountability and stamps out errant behaviour by some players. Said Ruswa:
<blockquote>
Procurement registration is mandatory and those who wish to supply the public sectors should register with the authority so that we avoid issues of common directorship whereby one can register several companies in different names yet belongs to an individual or same individuals.
Therefore, when participating in public procurement they may throw in different names and we think they are competing with different people yet it’s one or the same individuals.
Also, some fail to deliver after agreeing with the customer and when we want to take them to the court of law then it becomes easy to do that when dealing with registered entities.
</blockquote>
Earlier, PRAZ had issued a public notice inviting registration for procurement. PRAZ said:
<blockquote>
This notice is a call for registration for suppliers to the public sector in terms of Section 6 of the Public Procurement and Disposal of Public Assets Act as read with Section 4 of Public Procurement and Disposal of Public Assets (PPDPA) Regulation S.I.5 of 2018 as amended.
The call is targeted at new suppliers of goods, works and services to the public sector as well as current suppliers published in the Government Gazettes of 2021 who wish to renew their registration for 2022.
</blockquote>
<h4>More: <a href="https://www.chronicle.co.zw/public-suppliers-registration-to-weed-out-bad-apples/">Chronicle</a></h4>

PRAZ Opens Registration For Public Sector Suppliers

Invictus Energy Limited says it has secured long lead items for a high impact 2-well drilling campaign scheduled to commence in May 2022.
In a statement, the Australian firm said that it has obtained the necessary casing, wellheads and ancillary long lead items for a 2-well drilling programme.
The company also revealed that it has completed an extensive tendering exercise for 
integrated well services contract including cementing, directional drilling, logging while drilling, drilling fluids and wireline services for the upcoming drilling campaign. It said the formal award of the contract is expected soon.
Invictus Energy Managing Director Scott Macmillan said they are preparing for a successful drilling campaign. Said, Macmillan:
<blockquote>
We are very pleased with the way the drilling program is coming together with Invictus securing the wellheads and casing long lead items for a high impact 2-well drilling program.
We are now finalising the well services contract award and working to execute the binding rig agreement with Exalo for the #202 drilling rig.
Invictus remains on track for the upcoming drilling campaign to commence in May 2022.
We are planning for a successful drilling campaign, which if transpires will be a transformational event for both Invictus and Zimbabwe.
</blockquote>
Invictus Energy Limited owns and operates 80% of the Cabora Bassa Project in Zimbabwe.
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

Invictus Energy Secures Drilling Rig For Muzarabani Oil Wells

<h2>UPDATE ON RESERVE MONEY AS OF 24TH DECEMBER 2021</h2>
<h2>RESERVE MONEY</h2>
1. Reserve money fell by ZW$126.89 million to ZW$28.25 billion during the week ending 24th December 2021, compared to the previous week’s position of ZW$28.38 billion.
2. The decline in reserve money largely reflected a decrease of ZW$752.05 million in banks’ liquidity (RTGS balances) at the Central Bank, which was partially offset by increases of ZW$612.27 million and ZW$12.89 million in required reserves and currency issued, respectively.
3. Government deposits at the Reserve Bank increased by ZW$5.51 billion, resulting in liquidity withdrawal from the market.
<a href="https://t792ae.c2.acecdn.net/wp-content/uploads/2022/01/Reserve-Money-Update-24-December-2021.pdf">Download Reserve Money Update As At 24 December 2021</a>
<h3>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h3>

DOWNLOAD: RBZ Reserve Money Update As At 24 December 2021

<h2>The Zimbabwe Revenue Authority (ZIMRA) Board vice-chairperson Josephine Matambo has announced the retirement of Rameck Masaire who was the Acting Commissioner-General. Below is Matambo’s statement in full:</h2>
<blockquote>
The Zimbabwe Revenue Authority (ZIMRA) Board announces the early retirement of Mr Rameck Masaire who was the Acting Commissioner General (ACG) of ZIMRA. The retirement is with effect from 1 February 2022.
Mr Masaire re-joined ZIMRA as Commissioner Domestic Taxes on 1 September 2018, coming from Ernst &amp; Young. He served in that role until 1 February 2021 when he was appointed ACG of ZIMRA, the role he has been executing until his retirement notice on 30 December 2021.
With his vast tax knowledge and experience, he has provided valuable leadership to the organisation and the team that he has been working with over the years.
A number of notable achievements have been recorded during his time in ZIMRA, which will remain an invaluable legacy for the organisation and the nation.
The Board takes this opportunity to thank Mr Masaire for his contribution to the organisation and wish him well in his future endeavours.
In the same breath, on behalf of the Board, I announce the appointment of Board Member, Dr Moris B. Mpofu as Acting Commissioner-General with effect from 1 January 2022 until 30 April 2022 with the hope that within that period the recruitment process for the substantive Commissioner-General would have been finalised.
Dr Mpofu’s appointment is in terms of section 17 (4) (b) of the Public Entities Corporate Governance Act (Chapter 10:31).
The ZIMRA Board wishes Dr Mpofu the best in managing this transition.
</blockquote>
More: <a href="https://news.pindula.co.zw/">Pindula News</a>

FULL TEXT: ZIMRA Appoints New Acting Commissioner-General

Air Zimbabwe is expected to take delivery of new aircraft during the first quarter of this year, an official has said.
This will enable the national airline to launch additional regional flights as well as a new intercontinental route.
Air Zimbabwe chief executive officer, Tafadzwa Zaza, said they are planning on regional route expansion in 2022. Said Zaza:
<blockquote>
Key to our focus for the year ahead, barring any unforeseen disruptive new variants, is route expansion with a plan for one intercontinental and two regional destinations while frequencies on the current domestic and regional schedule will also be increased as we aim to improve your travel convenience.
Resumption of flights to Bulawayo from Johannesburg is also expected in the coming year.
Tourists and traders to Dar es Salaam will also have the convenience to connect either Bulawayo/Harare/Dar es Salaam or Victoria Falls/Harare/Dar es Salaam return three times weekly.
</blockquote>
Following numerous difficulties over many years that saw its planes grounded, with foreign airports threatening to impound its jetliners over landing fees, Air Zimbabwe entered into administration in 2018.
The airline exited judicial management in 2021 following the acquisition of new planes and resumption of operations.
<h4>More: <a href="https://www.chronicle.co.zw/air-zimbabwe-to-receive-new-aircraft/">Chronicle</a></h4>

Air Zimbabwe Plans Route Expansion

The Zimbabwe Revenue Authority (ZIMRA) Acting Commissioner General Rameck Masaire has retired.
Masaire, who assumed the role in February last year, tendered his retirement notice on 30 December 2021 and the retirement is with effect from 1 February 2022.
In a notice, ZIMRA Board vice-chairperson Josephine Matambo thanked Masaire for his contribution to the institution during his tenure. Said Matambo:
<blockquote>
With his vast tax knowledge and experience, he has provided valuable leadership to the organisation and the team that he has been working with over the years.
A number of notable achievements have been recorded during his time in ZIMRA, which will remain an invaluable legacy for the organisation and the nation.
</blockquote>
Masaire re-joined ZIMRA to the position of Commissioner Domestic Taxes on 1 September 2018 coming from Ernst &amp; Young.
On 1 February 2018, he was appointed Acting Commissioner General of ZIMRA, the role he has been executing until his retirement notice.
Matambo also announced the appointment of Board Member, Moris Bekezela Mpofu, as Acting Commissioner-General with effect from 1 January 2022 until 30 April 2022. She said:
<blockquote>
In the same breath, on behalf of the Board, I announce the appointment of Board Member, Dr Moris B. Mpofu, as Acting Commissioner-General with effect from 1 January 2022 until 30 April 2022 with the hope that within that time the processes of recruiting a substantive Commissioner-General would have been finalised.
</blockquote>
She said Mpofu’s appointment is in terms of section 17 (4) (b) of the Public Entities Corporate Governance Act [Chapter 10:31].
<h4>More: <a href="https://www.herald.co.zw/zimra-acting-commissioner-general-masaire-retires-dr-mpofu-appointed/">The Herald</a></h4>

ZIMRA Acting Commissioner General, Rameck Masaire, Retires

Financial services giant, CBZ Holdings Limited (CBZHL) will hold an extraordinary general meeting (EGM) on January 31, 2022, to seek approval from its shareholders to acquire a stake of 31.22% in First Mutual Holdings Ltd (FMHL).
The shares are held by the National Social Security Authority (NSSA).
CBZHL currently holds a 3.23% shareholding in FMHL through a special purpose vehicle held under PIM Nominees (Pvt) Limited.
The acquisition of the additional shares from NSSA constituting 31.22% of the issued ordinary shares of FMHL will take CBZ Holdings Limited’s total shareholding to approximately 34.45%.
In a circular to shareholders, CBZ said the board approved the company’s formal bid for the acquisition of the 31.22% equity stake in FMHL held by Nssa. Rumbidzayi Angeline Jakanani, group legal corporate secretary, said in a statement:
<blockquote>
Realising the potential synergistic opportunities between CBZHL and FMHL, the board approved the company’s formal bid for the acquisition of the 31.22% equity stake in FMHL held by Nssa. In June 2021, the company emerged as the highest bidder and was, therefore, granted the opportunity to enter into an agreement with Nssa for the acquisition of their 31.22% equity stake in FMHL.
</blockquote>
She said the total purchase consideration for this transaction was agreed at $6 355 922 132, a price of $28 per FMHL ordinary shares excluding transaction costs.
CBZ is looking to acquire 226 997 219 million FMHL shares
Jakanani said the proposed settlement wherein 70% of the transaction consideration shall be settled by way of a share swap involving the issuance and allotment of new CBZHL ordinary shares will result in a dilution of 8.23% to the current shareholders of CBZHL.
The remaining 30% will be settled by cash payment.
The proposed acquisition of FMHL ordinary shares held by NSSA is a related party transaction for the purposes of the Zimbabwe Stock Exchange Listings Requirements because NSSA is a significant shareholder (holding 10% or more of the voting rights) in CBZHL (with an equity stake of 18.17%).
Consequently, Nssa will be precluded from voting at the EGM on the resolution regarding the proposed transaction. 
More: <a href="https://www.newsday.co.zw/2022/01/cbz-seeks-shareholder-approval-on-fmhl-stake/">NewsDay Zimbabwe</a>

CBZ Seeks Shareholders' Approval To Acquire NSSA Shares In First Mutual

Runaway inflation, the depreciating Zimbabwe dollar, drought, COVID-19, and the upcoming 2023 harmonised elections present a significant risk to Zimbabwe’s economic growth prospects in 2022 and beyond, analysts and industrialists have said.
The Government had to revise its year-end inflation forecasts several times from the initial 10 per cent to 58 per cent, but inflation still closed the year 2021 at 60.7 per cent.
This has eroded consumers’ disposable incomes and companies’ spending power on investments. Analyst Walter Mandeya of Trigrams Investments said:
<blockquote>
Runaway inflation is a more significant risk in 2022 (than the pandemic).
The last two or so waves of the COVID-19 virus have typically had short-term negative effects on growth, a pattern we expect to continue as Government has not imposed tight lockdown measures in the last two (waves).
Inflation will eat into wages and reduce demand. Reserve Bank of Zimbabwe might be forced to raise rates again in an effort to tame inflation.
Our economic outlook stands and falls with the inflation outlook. Should we see runaway inflation as high as this year, then consumers and businesses will not be left with much to deploy into consumption and investments and this could weigh on demand and subsequently derail economic growth.
</blockquote>
Zimbabwe National Chamber of Commerce (ZNCC) chief executive officer Christopher Mugaga said frequent droughts will negatively impact agriculture yields. He said:
<blockquote>
I think it’s a reality that we are behind a curve when it comes to climate shifts. We continue relying on rain-fed agriculture when times have changed.
Climate unpredictability worldwide has increased the frequency of dry spells, impacting negatively on agriculture yields.
</blockquote>
Confederation of Zimbabwe Industries president, Kurai Matsheza, hopes the 2023 general elections will be conducted in a manner that will not disrupt business. Said Matsheza:
<blockquote>
As 2022 is a year before the 2023 elections we all hope political temperatures won’t rise to the extent of making the operating environment unsafe for all businesses and individuals.
</blockquote>
<h4>More: <a href="https://www.ebusinessweekly.co.zw/inflation-elections-threat-to-economy/">Business Weekly</a></h4>

Inflation, Elections, Volatile Exchange Rate Threats To Economy

CFI Holdings Limited’s volumes grew by 80 per cent in the year to 30 September 2021, with the improved volume performance witnessed across most of its key product lines.
Retail operations dominated the revenue mix contribution recording 91.4 per cent whilst farming operations accounted for 3.7 per cent of inflows, a slight increase from 3.1 per cent in 2020.
Victoria Foods’ exit from judicial management was of huge significance as the subsidiary contributed 4.9 per cent to CFI’s turnover.
As a result, CFI’s historical revenue for the year increased by 308 per cent to $7,83 billion, significantly higher than the $1,92 billion it managed the previous year. CFI Holdings board chairperson Itai Pasi said:
<blockquote>
The economic environment continued to be restrained by the impact of the COVID-19 pandemic as the country traded under varying degrees of lockdowns throughout the year.
Fortunately, for the greater part of the year, the group’s businesses operated under normal trading conditions.
The economic improvements registered at the beginning of the year, characterised by relatively stable exchange rates and declining inflation.
</blockquote>
Pasi, however, bemoaned the late distribution of auction funds by the Reserve Bank of Zimbabwe(RBZ).
She said this has led to reduced confidence by the businesses, resulting in the widening of the gap between the official and parallel market exchange rates. Added Pasi:
<blockquote>
The increasing backlog in the disbursement of foreign currency allocated on the auction market resulted in market confidence declining, and the widening of the gap between the auction market exchange rate and the alternative market rates.
</blockquote>
CFI Holdings said it invested $107 million in capital expenditure during the period under review for the different Strategic Business Units (SBUs) compared to $34.1 million in 2020.
It said the expenditure covered renovations of several Farm and City Centre shops as well as piggery, poultry, and irrigation infrastructure at Glenara Estates.
<h4>More: <a href="https://www.herald.co.zw/cfi-volumes-jump-80pc/">The Herald</a></h4>

CFI Holdings Limited Volumes Jump 80 Per Cent

Villagers in the Sese area of Chivi are threatening to sue Murowa Diamond Company, accusing the diamond mining firm of damaging infrastructure while exploring for gems in their ancestral land.
They claim that Murowa caused structural damage to the Chamakanda dip dam and dip tank as a result of the vibration caused by the drilling.
The Chamakanda dam and dip tank are reportedly leaking after Murowa a few months ago drilled near the structure as part of its exploration work in the village.
Chairperson of Chamakanda Dip Tank committee Builder Tavagadza told The Herald that the facility is in urgent need of repairs as it can no longer impound water due to underground leaks.
This has forced villagers in Ward 20 to dip their cattle once a month exposing them to tick-borne diseases like January disease, while small-scale irrigation farmers have also been affected.
Ward 20 Councillor Alec Nhundu called on Murowa to help fix the damages if it is behind the faults.
Meanwhile, Murowa Vice President responsible for Human Resources and Administration Islam Chipanga said:
<blockquote>
I have no comment on that, I have not heard anything like that and we will have to investigate but at the moment.
I have no comment I can’t say anything on that. I have no information to that effect.
</blockquote>
The dip tank was commissioned in 2007 after Sese villagers pooled their resources to build it.
<h4>More: <a href="https://www.herald.co.zw/murowa-in-the-eye-of-storm-in-chivi/">The Herald</a></h4>

Villagers Threaten To Sue Murowa Over Damaged Dip Tank

Industry and Commerce Deputy Minister, Raj Modi, has said efforts to revive industries in Bulawayo started to bear fruit in 2021 as evidenced by improved capacity utilisation for several companies.
Modi said that going forward, more attention will be given to the resuscitation of some of the companies that have closed operations.
Bulawayo is home to companies such as diversified Treger Group of Companies, Archer Clothing and United Refineries Limited, Sheppco BMA Fasteners, Metal Founders, Datlabs, Kango Products, Zambezi Tanners, General Beltings and Arenel, among others.
Modi, who is the Member of Parliament for Bulawayo South (ZANU PF) predicted big things for local industries. He said:
<blockquote>
Definitely, we are very positive about the gains achieved so far. 2021 ended on a positive note and we are going forward to achieve more.
You can also see that companies like National Blankets, which was closed some years back, is now on their feet and we are helping it to retool.
We expect this company to come out stronger and the Government is prepared to support it. 
We are looking at such industries according to sectoral value chains and we expect many factories to re-open.
We are working to resuscitate more and big things will happen in Bulawayo.
</blockquote>
Modi also said the Government is working on bringing the Cold Storage Company (CSC) back on its feet so that it can play a major role in the beef and leather value chain strategy. He said:
<blockquote>
The rehabilitation of the CSC factory has already started and recently they conducted a test run.
We hope by January they will start recruiting back workers and this will create more job opportunities.
We are keen on the value chain focus for this company. We are saying to business leaders let’s work together with the Government and there is nothing impossible.
We will certainly revive and transform Bulawayo industries.
</blockquote>
<h4>More: <a href="https://www.herald.co.zw/reboot-of-byo-industries-to-persist-in-2022-modi/">The Herald</a></h4>

Govt Working To Resuscitate Industries In Bulawayo - Modi

The Zimbabwe Transmission and Distribution Company (ZETDC), ZESA’s power distribution subsidiary, has hiked electricity tariffs with effect from 1 January 2022. ZETDC said:
<blockquote>
It is hereby notified that the Zimbabwe Energy Regulatory Authority has, in terms of section 53 of the Electricity Act [Chapter 13:19], approved the following prices for the supply of electricity to customers with effect from 1 January 2022. This is a 12.3% indexation formula adjustment shortfall. Note that the prices are in ZWL.
</blockquote>
For Domestic Metered Customers (Conventional Meter), the fixed monthly charge is $35.68. The energy charge per kWh is as follows:
(i) 1st to 50 kWh – $2.38
(ii) 51 to 100 kWh – $4.77 
(iii) 101 to 200 kWh – $8.36
(iv) 201 to 300 kWh – $11.93
(v) 300 to 400 kWh – $13.71
(vi) Balance – $14.31
<a href="https://t792ae.c2.acecdn.net/wp-content/uploads/2022/01/Tariff-effective-1-January-2022.pdf" rel="noopener" target="_blank">DOWNLOAD THE FULL PDF DOCUMENT HERE</a>
More: <a href="https://news.pindula.co.zw/">Pindula News</a>

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