The Insider

Zimbabwe’s finance minister Patrick Chinamasa on Thursday announced a raft of tax increases as government registered a $112 million shortfall in targeted revenues in the first half of the year, while signalling a flexible approach in applying the country’s foreign ownership law in a bid to attract sorely needed investment.

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Zimbabwe’s largest mobile operator, Econet says it has paid nearly $1 billion in taxes since 2009 and was the leading taxpaying company in the country.

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Finance minister Patrick Chinamasa yesterday announced the 2014 Mid Term Fiscal Policy which reflected an underperforming economy on the back of weakening commodity prices and lack of investment.

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What is Mnangagwa not telling us?– Elections to choose members of the Zimbabwe African National Union-Patriotic Front presidium, which comprises the president, his two deputies and the national chairman- will be held by secret ballot this year, the Sunday Mail said. But Secretary for Legal Affairs Emmerson Mnangagwa said this is what the party has been doing since 1963. So what did the Sunday Mail miss? Or what is Mnangagwa, who is reported to be one of the faction leaders, not telling us? There has been a lot of squabbling within the ruling party as people jostle to position themselves for the three top posts- those of the two vice-presidents and national chairman-which are all said to be open. The party presidency is reportedly already taken by Mugabe, but it might be early days yet, because there could even be more chaos if Mugabe announced that he is not contesting now. Ironically, Secretary for Administration Didymus Mutasa and party spokesman Rugare Gumbo, both refused to comment.

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Finance Minister Patrick Chinamasa who raised a lot of speculation yesterday when he said he would address the issue of hefty salaries for chief executives of parastatals and state enterprises today in his mid-term review policy statement poured cold over the issue when he said this might only be addressed at the end of October.

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Finance Minister Patrick Chinamasa yesterday said white farmers who were given land under the reform programme will not be asked to leave. It is only those who are resisting to abide with the law that will be affected.

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Finance Minister Patrick Chinamasa yesterday said he will address the issue of salaries for chief executives of state enterprises in his mid-term statement today.

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It is hardly news that the rich have more political power than the poor, even in democratic countries where everyone gets a single vote in elections. But two political scientists, Martin Gilens of Princeton University and Benjamin Page of Northwestern University, have recently produced some stark findings for the United States that have dramatic implications for the functioning of democracy – in the US and elsewhere.

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