Zimbabwe

$800 million gold smuggled every month

Zimbabwe is losing gold worth about $800 million every month through smuggling and underground dealings involving locals and international cartels.

The figure is stated in an unofficial document produced by a private citizen has been forwarded to Vice President Joice Mujuru, Finance Minister Patrick Chinamasa, several other ministries, the International Monetary Fund and the World Bank. The nation is currently reeling under an acute cash crunch and a debt of $9.9 billion.

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Call for the Disclosure of salaries of top executives at ZMDC and MMCZ

February 10th, 2014
In recent weeks, the media has been awash with shocking revelations of quasi-parastatals and council staff salaries. It has been reported that Premier Medical Aid Services (PSMAS) CEO, Cuthbert Dube, has been earning over US$230 000 a month. This came hot on the heels of equally scandalous reports that the now suspended Zimbabwe Broadcasting Corporation (ZBC) CEO Happison Muchechetere has been earning over US$40 000 a month. Currently, the media focus is on the astounding salaries of over US$30 000 being earned by the top staff at the Harare City Council.
 
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