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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.
Going once, going twice-the winners of this year's Nobel Prize in Economic Sciences are two Stanford economists whose work lets the world make mobile phone calls, switch on a light, and buy and sell on [...]
By Michael Sznajderman Alabama Newscenter For nearly a decade, the Ballard House in Birmingham’s civil rights district has been a center for community-engaged discussions and learning about the rich tapestry and history of the city’s Black community. Now, the nonprofit that preserved the historic house has embarked on a capital campaign that will fund a […]
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.
Outrage and anger in Nigeria continue to grow as the #EndSARS protests expand and contend with outright violence from the Nigerian army and police force, according to The Associated Press, New York Times and social media reports. As Blavity previously reported , peaceful protesters have been incensed since army officials opened fire on them on Tuesday at Lekki Toll Gate in Lagos, killing at least seven people under the shroud of darkness, according to local news outlet Punch. Dozens of other protesters were killed across the country that same day, the newspaper reported. The violence, covered extensively on social media, has largely been ignored by Nigerian elected officials and even president Muhammadu Buhari, who made no mention of it during his address to the nation on Thursday night. Thursday was Buhari's first appearance since the Lekki Gate shooting, but he only tacitly mentioned the actions of his armed forces, only threatening protesters to not continue their...
American Family Insurance steps up to celebrate HBCU students and alumni via virtual homecoming sponsorship. On a mission to acquire and support the best talent, American Family Insurance promotes career opportunities to HBCU students MADISON, WI – American Family Insurance announced today it is joining Target to co-sponsor YouTube Originals’ 'HBCU Homecoming 2020: Meet Me … Continued
The post American Family Insurance Supports YouTube HBCU Homecoming 2020 appeared first on Atlanta Daily World.
There is no doubt that Michael Jordan is one of the greatest athletes of all time, let alone the best to ever grace the NBA hardwood. But, Jordan does believe that his historical professional career wouldn't be what it is today if he was hooping during the social media era.
With novel coronavirus disease (COVID-19) cases continuing to rapidly increase in Kwebanna, the Region One community’s Village Council has decided to impose a two-week lockdown in an attempt to curb infections.
The article Kwebanna going into lockdown as COVID-19 cases surge appeared first on Stabroek News.
WASHINGTON, DC, United States (CMC) - Caribbean Community (Caricom) countries were divided on the issue of 'free and fair' elections in Venezuela, with The Bahamas, Haiti, Jamaica, and St Lucia all voting in favour of the resolution tabled at the 50th General Assembly of the Organization of American States (OAS) that ended here on Wednesday.
President Donald Trump and challenger Joe Biden are intensifying their efforts to persuade uncommitted voters to pick sides in the closing days of the presidential election campaign.
ATLANTA (AP) — Democratic vice presidential hopeful Kamala Harris made a direct appeal to Black men Friday, defending her record... View Article
The post Harris appeals directly to Black men: ‘Honor the ancestors’ appeared first on TheGrio.
FORMER Vice-President Phelekezela Mphoko and his son Siqokoqela have taken the Botswana-headquartered Choppies Enterprises, its distribution centre and Nanavac Investments to court demanding an outstanding US$44 million for their 51% shares in the company. BY SILAS NKALA The family held shares in the supermarket chain before it was pushed out in January last year. Through their lawyer Zibusiso Ncube, Mphoko and his son filed summons at the Bulawayo High Court seeking an order declaring their entitlement to payment of the true value of the 51% shares they held before being booted out. The Mphokos also claimed interest at the rate of 5% per annum from January 9, 2019, when they were unlawfully divested of their shareholding, to date of full payment. In their declaration of the claim, the Mphokos submitted that at all material time, they were the majority shareholders of Nanavac Investments, holding an aggregate of 51% shares. “First applicant (Siqokoqela) held 25,5% shares and second applicant (Phelekezela) held 25,5% shares in first defendant (Nanavac Investments), while the second defendant (Choppies Enterprises) held the remaining 49% of the first defendant (Nanavac Investments)’ shares,” reads the declaration. “In about 2018, a dispute arose between first applicant and second defendant resulting in the second and third defendants instituting legal proceedings against first plaintiff and his wife and the first defendant at the High Court. The second defendant instituted malicious and false criminal complaints to the police, resulting in the institution of magistrates’ court proceedings against the first plaintiff and his wife.” They said the proceedings resulted in their arrest and detention and on January 9 in order to secure freedom, the Mphokos signed a deed of settlement with Choppies Enterprises in terms of which they disposed of their shareholding in Nanavac Investments to Choppies Enterprises. “The deed of settlement between the parties provided that the two plaintiffs were to be paid US$2,9 million by second defendant for the acquisition of plaintiffs’ full rights and title to the first defendant’s shareholding,” they said. “The payment of first applicant’s salary which was due from first defendant had been unlawfully stopped and threats of foreclosure on a mortgage bond in which first applicant had acquired funds from a local bank which the plaintiff could only service if he was not in detention and was receiving his salary from first defendant, the second plaintiff made him sign the deed of settlement in fear of the continued persecution of his son and his daughter in law by second defendant.” The Mphokos said the unlawful deed of settlement understated value of the shareholding they owned in that US$2,9 million offered for the shares constituted about 7% as opposed to 51% of the value of the shares in Nanavac Investments, which was given as US$44 million at the Botswana Stock Exchange. “The second defendant paid the sum of US$2,9 million in local currency, where shareholding was purportedly being acquired
By Stacy M. Brown, NNPA Newswire Senior National Correspondent @StacyBrownMedia To Sean Broadus and his brother Evan, Ice Cube was more than an icon. He presented as someone to admire – a hope for making it out of the hood. The Broadus brothers live near the Gilbert Lindsay Community Center in South Central, Los Angeles, […]
Who Will Go On Record? Rev. Dr. Jennifer Leath, 5thEpiscopal District Pope Francis is “evolving.”According to theNew York Times, in the documentary, “Francesco,”Pope Francis rearticulates [...]
The International Monetary Fund (IMF) on Friday said the economic impact of the coronavirus (COVID-19) pandemic on the Caribbean has been “massive”, particularly for tourism-dependent countries in the region, but that lower commodity prices were also having a “major impact” on Caribbean commodity exporters.
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…
Tia Mowry is proud of the father her husband Cory Hardrict continues to be to their two young children. \"The Game\" actress shared a picture of her actor
Rachel Rossi | Special to California Black Media Partners A common misconception of the criminal justice system is that it is as simple as guilty people admitting their guilt and innocent people going free. The truth in our courtrooms is rarely so clear. Instead, there are layers of issues beyond guilt, including systemic injustice, rushed […]
The post OP ED: The Power of Plea Bargaining: Prosecutorial Discretion Can Be Good in The Right Hands appeared first on Black Voice News.
PHOTO CREDITS: STOCK MONTAGE/GETTY IMAGES Nat Turner (pictured) was a former Black American slave who led the only effective, sustainedslave rebellion in U.S. history. Turner's courageous revolt against America's founding benefactor of demonic inhumanity in August of 1831. He spread terror throughout the white South where slaveholders were exceedingly brutal. Turner's freedom fighting set off […]
Six-time NBA All-Star Shawn “Reign Man” Kemp is entering the cannabis business with the opening of Shawn Kemp’s Cannabis this month in Seattle.
… have always existed for the African-American community,” Dr. Anthony FauciAnthony … , and Black Americans still don’t receive equal care. Black American women continue … disheartening but not surprising that Black Americans distrust government-led efforts …
The policy pursued by the US president has a huge impact on people's lives both at home and abroad, so the outcome will matter to everyone when Americans go to the polls on 3 November,
A lawsuit calls him “outrageous, intolerable.”
WHEN COVID-19 broke out, we all thought it was going to be another manageable ailment, until everything came to a halt. SUCCESS LIFE:Jonah Nyoni Now, we are slowly going back to business, but it seems life will not go back to normal any time soon. As highlighted in previous articles, occupational safety and health is now a central point in the corporate space. Time is ticking and we should now be thinking of what we will do whether COVID-19 goes away or stays longer. Governments across the globe are easing restrictions and we need to be thinking of ways of being effective in the “new normal”. As we think about how to strategise, the PWL Global Insurance says there are five priorities that we should consider as we craft our strategies: Realign your cost structure and sharpen productivity Supercharge digital transformation to create a digital enterprise Carve out new revenue streams Prepare your workforce for the new world Strengthen capital efficiency. Flexibility Most institutes have the same way of doing specific things and it’s hard to tell them that their year-to-year template is no longer relevant. In some institutes, you take a report that was written three years back, there are still clauses that are still being used, but with little success. Piloting Generally as we plan, we usually have short, medium and long-term plans. Before anyone takes on a long-term plan, it would be ideal to test it before they commit to it entirely. Make a short-term action plan as a pilot programme or experimental way so as to see the possible benefits or losses. This test run tells us what works and what does not work. Involvement Having tabled your strategic plan as a company, you need a progressive and a probing debate on the same document. It’s unfortunate that some leaders draft a document somewhere and shove it into the throat of employees to swallow without expecting to be questioned how realistic the plan is. Is it SMART enough? Does it bring solutions to specificities? Corporate audit Ask yourself: Where am I? At times we tend to think of ourselves as what we are really not. As a company, make both an internal and external audit. What did we lose? What kept us afloat? What do we need to stay relevant? This gives you a picture of how you are perceived in the minds of people against what you think of yourself. This helps to make necessary adjustments. Adopt a post-COVID-19 mentality The strategic plan becomes futile, especially with leaders that are hinged on maintaining and managing systems. Life has changed. COVID-19 has redefined rules of operation. Besides, life has its sharp turns, twists and changes and the leader should know what to do. As others ask the question: What? The leader asks: Why? That gives the proper answer it could to a current issue or for future encounters. “Why” gives purpose to the programmes you are doing. Is it significant? how is it positively affecting humanity? The “why factor” liberates leaders from just doing a project because it’s their work requirement. They do it because it’s relevant an
Today Representatives sent a letter to the Federal Emergency Management Agency (FEMA) urging them to immediately reverse the recent interim policy decision “COVID-19 Pandemic: Work Eligible for Public Assistance.”
A 37-YEAR-OLD 1 Commando Regiment-based soldier was on Thursday night killed by three minors after he allegedly attacked their mother over suspected arson at his parents’ home in Zaka, Masvingo province. BY DESMOND CHINGARANDE National police spokesperson Assistant Commissioner Paul Nyathi confirmed the murder of Aaron Bhasopayi by three children aged 15, 12 and 10 under circumstances still under investigation. “We are investigating what really transpired,” Nyathi said. But a leaked police memo indicated that the soldier travelled from Harare to Zaka on Wednesday on a revenge mission after his parents’ hut was allegedly set on fire by the minor children’s father over a debt. Bhasopayi arrived at the accused person’s home at around 10pm, forced himself into the accused’s room and woke them up before going to their mother’s bedroom, where he stabbed her with a knife, accusing her husband of torching his parents’ hut. The trio’s mother cried for help and on realising their mother was in danger, the 15-year-old accused person grabbed Bhasopayi from the back and the other two accused persons started to assault the soldier using logs. It is alleged the accused persons took an axe which was in the room and struck Bhasopayi several times on the head until he collapsed. The accused persons left him unconscious and alerted neighbours and police. The police officers attended the scene and found Bhasopayi’s body lying in a pool of blood. The police searched the body and recovered a Zimbabwe National Army identity card, three blue tablets, cigarettes and loose dagga. The body was taken to Masvingo General Hospital for post-mortem while the accused’s mother was referred to Ndanga District Hospital for medical attention. The matter is being investigated under ZRP Zaka CR117/10/20. lFollow Desmond on Twitter @DChingarande1
The 11 political parties, which have been approved to contest the March 2, 2020 elections, yesterday signed a Code of Conduct under the auspices of the Ethnic Relations Commission (ERC).
