Archive for February 10th, 2010

VAT goes up

source: Mmegi
BRIAN BENZA
Staff Writer

Government has increased Value Added Tax (VAT) by two percentage points, from 10 percent to 12 percent, as it tries to compensate for dwindled mineral and customs revenues by dipping its hands into the pockets of consumers.

VAT is an indirect tax levied on the supply of goods and services and is paid by the end consumer. In the 2010-2011 national budget, Finance and Development Planning Minister Kenneth Matambo said yesterday that the VAT increase, effective April this year, is one of the many measures that government has taken to get total estimated revenues as mineral income is not expected to reach normal levels until [continue reading]

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source: BOPA
09 February, 2010
GABORONE – There will be no salary increase and no inflation adjustment for civil servants during the 2010/2011 financial year.

The last time government increased salaries for employees was in April 2008 by 15 per cent following a salaries review commission, which also introduced scarce skills allowance and a recommendation by the National Employment, Manpower and Incomes Council whose mandate included advising government on remuneration of the public service.

In light of the fact that governments revenues have not yet recovered to pre-recession levels, while public sector employment is not contracting, government has accepted that there will be no cost of living adjustment during 2010/11 financial year, said finance minister, Mr Kenneth Matambo when presenting the budget speech yesterday.

He added that the adjustment of [continue reading]

source: Mmegi
BAME PIET
Staff Writer

The Magistrate’s Court in Hwange near Victoria Falls has released the three officers of the Department of Wildlife and National Parks who were charged with illegal entry into the country.

Speaking from Zimbabwe yesterday, Ambassador of Botswana to Zimbabwe Gladys Kokorwe said the three were fined USD100 each for the first count of illegal entry into the country. “The two other charges were dropped, and we have already paid the fine,” she said with a voice filled with relief. The other two charges related to smuggling of a vehicle into the country and [continue reading]