Login to BlackFacts.com using your favorite Social Media Login. Click the appropriate button below and you will be redirected to your Social Media Website for confirmation and then back to Blackfacts.com once successful.
Enter the email address and password you used to join BlackFacts.com. If you cannot remember your login information, click the “Forgot Password” link to reset your password.
THE 2021 budget presented by the finance minister Mthuli Ncube to Parliament shows that the minister was living in a ‘fantasy world,’ according to academic, Professor Austin Chakaodza. “Some of the major challenges facing our society are issues of poverty and unemployment. Ninety percent of the people of Zimbabwe were already unemployed before the eruption of COVID-19. The majority of the people continue to lack certain basic capabilities which are encapsulated in the socio - economic rights guaranteed in the constitution,” he said. “They continue to be deprived of basic capabilities - such as the capability to be free from hunger, to live in good health, to be literate and access to a social security safety net. This budget does not fulfil a number of human rights such as the right to food, health, education and training,” Chakaodza said. A big part of Mthuli 2021 budget is a range of new tax measures to fund the ambitious $421,6 billion budget. The highlight of this plan is how the taxman plans to go after the informal sector, which is the bulk of the economy but pays little tax. From new and higher taxes to a new tax unit targeting SMEs, it is a budget that gives away very little, but takes a lot. Here is how some of Mthuli’s measures will affect you. If you are a low-income earner There is not much tax relief for you. The tax-free threshold has only been raised slightly from $5 000 per month to $10 000 per month. Tax bands will begin at $10 001 and end at $250 000 per month. This does little for the poorest workers. For perspective; in October, a Zimbabwean family of five needed $18 750 just to stay above the poverty line. If you earn more than $250 000, you pay the highest marginal tax rate of 40%. If you are expecting a bonus, the bonus tax-free threshold has gone up from $5 000 to $25 000, with effect from 1 November 2020. If you were tired of the 2% tax, sorry The 2% tax on mobile money and other electronic transfers stays. The tax has been unpopular since it came in 2018, but Mthuli says it has “generated substantial resources that have enabled Government to support various infrastructure projects”, including the COVID-19 response. So, the Minister isn’t giving much of this cash-cow away. You will no longer pay the 2% for transactions of up to $500, which is just a small increase from the current $300. For forex transactions, this tax will apply above US$5. The maximum of this tax that your business can pay has been raised from $25 000 to $800 000 on transactions with values exceeding $40 million, with effect from 1 January 2021. If you were planning to import a car Government will now control the importation of cars that are 10 years or older. Owning a car has just slid further from the reach of the majority, who cannot afford new vehicles. According to Mthuli, Zimbabwe has spent around US$1,3 billion importing buses and used cars over the past five years. Cars older than 10 years are now off the Open General Import Licence. This means that, from 2021, you will need a special import licence for older cars.
\t On Friday, internet and international calls were cut off across the West African nation in anticipation of the election results, according to locals and international observers in the capital, Conakry.
\t This was the third time that Conde matched-up against Diallo. Before the election, observers raised concerns that an electoral dispute could reignite ethnic tensions between Guinea's largest ethnic groups.
[Nairobi News] As the number of Covid-19 patients admitted to hospital rises, the Ministry of Health has raised concerns over possible stretched facilities and an overwhelmed workforce.
The commitment by Democratic presidential nominee Joe Biden to help increase opportunities and recognize the plight of African Americans as outlined in an exclusive editorial with Black Press USA resonated quite loudly with African American publishers and national board members from the National Newspaper Publishers Association (NNPA).
Transnet has been in the midst of an overhaul over the past year, following revelations of corruption and mismanagement under its previous executives including Brian Molefe, Anoj Singh and Siyabonga Gama, among others.
… vote was so close.
But African-Americans may be more motivated this … racism and police violence against African-Americans.
At the crossroads where Floyd … of police officer Derek Chauvin, African-American Pastor Rozenia Fuller explains what …
… had done more for black Americans than any of his … .’
‘Eight in ten black Americans believe that Trump is … saw Donald Trump have African American people, formerly incarcerated, … for criminal justice reform, African Americans overwhelmingly favor his opponent, …
In summary While other states experience deadly surges in coronavirus cases, a national public health expert says the Golden State 'holds a lesson for all of us.' As COVID-19 cases surge alarmingly around the nation, California is in its own zone. And it's a better place than it was. Fourteen states, including Kansas and North […]
The post Now for some good news: California praised for recent handling of pandemic appeared first on Black Voice News.
The numbers are especially concerning to Black communities who have suffered disproportionately during the pandemic due to systemic racism affecting health outcomes on all levels.
Diamond's Back: LisaRaye Announces She's Joined OnlyFans
WASHINGTON, DC, United States (CMC) - Director of the Pan American Health Organization (PAHO) Dr Carissa F Etienne, on Wednesday warned that while the Americas, including the Caribbean, urgently awaits a breakthrough, the regional health organisation will only support the distribution of a novel coronavirus vaccine that has proven to be 'safe and effective' in clinical trials.
The City of Milwaukee has canceled trick-or-treating this year as Wisconsin's surge in coronavirus cases shows no sign of improving. Milwaukee will not have designated trick-or-treat times like it has had in the past and the activity will not be sanctioned by the city’s Health Department since it is deemed high-risk during the coronavirus pandemic,... [Read More]
It could possibly be the long-awaited turning level on the earth of enterprise capital and past. Yale, whose $32 billion endowment has been led since 1985 by the legendary investor…
[Nairobi News] Kenya Commercial Bank has shut down one of its main branches after a South Sudanese envoy collapsed and died.
The Move One Million movement has marched to Constitutional Hill in Johannesburg to call on the Constitutional Court to hold those responsible for state capture accountable. Members of the movement also marched to Parliament in Cape Town, to hand over the same memorandum.
SPECIAL TO THE FLORIDA COURIER Aquino Cole, professionally known as “Kino Ink,” is releasing his debut single, “Write A Way” to launch his career as a rap musician. The single is a PSA wake-up encouraging young people to not only register to vote but cast their ballot in the upcoming Nov. 3 election. “I want […]
The post B-CU alum’s debut rap single encourages young people to vote appeared first on Florida Courier.
Nationwide(BlackNews.com) - Esteemed African-American Attorney, Shymane Robinson, has launchedTrue Lawyer- a real estate and trademark law firm that helps transform Black communities by helping investors accumulate, protect, and transfer wealth. She started the law firm with both her best friend and sister… proving that women can successfully collaborate in business! Shymane says that she decided … Continued
The post Black lawyer starts law firm with her best friend and sister appeared first on New Pittsburgh Courier.
While seven suspects have been arrested, a compliance officer and a school principal lost their lives during shootings in KZN on Friday.
