Supreme Court of Zimbawe
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US dollar debts payable in Zim dollar: Supreme Court
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…
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Econet Emerges Victorious Against Zimra’s $100m Tax Evasion Case
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,…
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Workers’ Union gives Mugabe 72 hour ultimate, threaten to take over companies
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…