Monthly Archives: June 2012

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Accounting firm warns exorbitant taxes may drive mining companies out of Zim

By: Oscar Nkala
1st June 2012
Accounting firm Deloitte & Touche says some mining houses operating in Zimbabwe might be forced to eventually leave the country if mining taxes and royalties, which are much higher than those levied in other countries in the region, are not revised downwards.

Deloitte & Touche Zimbabwe CEO Tawanda Gumbo says: “Our tax legislation at the moment means that a lot of mines will close operations in the future. As businesses, we look at the total impact of doing business before making an investment. Zimbabwe’s royalties on gold and diamonds are high and need reviewing. In Angola, royalties on gold are pegged at 5%, while the figure in Tanzania is 3%. Both Namibia and Zambia levy royalties of 5% on gold, while Botswana levies 10% royalties on diamonds, compared Namibia’s and Angola’s diamonds levy of 5%.”

Following increases effected in January, Zimbabwe now levies 7% royalties on gold, 10% on platinum and 15% on diamonds.

Further, Gumbo says the high mining taxes and royalties will deter new investors from considering the country when choosing investment destinations.

Government’s continued delay in completing the drafting of the proposed Mines and Minerals Amendment Act, which began in 2009, is also causing anxiety and uncertainty among mining companies, he adds.

“We need to finalise the Act, and, if it is finalised, we urge government not to change it for the next 15 or 20 years.”

Chamber of Mines of Zimbabwe VP Allan Mashingaidze says the high royalties mining taxes make Zimbabwe one of the most expensive countries to operate a mining business.

Early this year, Zimbabwe hiked mining fees and levies by up to 5 000% for some precious metals. The fees for platinum and diamond mining claims went up from $500 000 to $2.5-million and then $5-million in January. “The fee structure is unworkable. The industry is already overburdened by the totality of statutory charges, royalties, levies and commissions. It’s estimated that 60% of every dollar earned in revenue goes to government, making Zimbabwe one of the most expensive countries to mine,” Mashingaidze says.

However, government has defended the steep hikes, arguing there is need to increase State revenue and curb the speculative holding of mineral claims.

Mines and Mining Development Minister Obert Mpofu ruled out all prospects of a downward review of the fees when he appeared before the Parliamentary Portfolio Committee on Mines and Mining Development recently. He said: “Since we increased the fees, we have collected $10-million because now we have serious miners who are mining, compared with the scenario we had before, where people would hoard mining claims for speculative purposes. We have traced them and found that most are registered outside the country and have only been keeping the claims here for speculative purposes. Since the review of fees, we have realised an increase in government revenue from mining.”

On the drafting of the Mines and Minerals Amendment Act, Mpofu said further consultations with various stakeholders was needed.

Edited by: Martin Zhuwakinyu

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This self proclaimed Pastor was caught healing this women from bareness recently..UNNO PREE DI HEALING


GHANA: The Domestic Violence and Victims’ Support Unit (DOVVSU) of the Ghana Police Service in the Central Region is investigating a case in which a 22-year-old man impregnated his 19-year-old sister at Abura Abaka in the Abura Asebu Kwamankese District.

After the sister had delivered, Ebenezer Aidoo is alleged to have threatened to beat his mother to death if she does not allow him to marry his sister as originally agreed.

Ebenezer told Joy FM’s Central Regional correspondent, Richard Kojo Nyarko that his mother collected GH¢40 from him for impregnating his sister out of wedlock and agreed to the relationship, therefore, he did not understand why she was now preventing them from getting married.

His sister, amid tears, added that she informed her mother when Ebenezer proposed love to her and she (the mother) asked her to agree.

Ebenezer said he would refer to the child as his nephew, even though he is his biological son.

Meanwhile, Ebenezer, his mother, and his sister (Ama Esumanba) have all been charged with incest and are currently in police custody.





In the scriptures below are recorded two instances where Jesus was accused of blasphemy.

“I and my Father are one. Then the Jews took up stones again to stone him. Jesus answered them, Many good works have I showed you from my Father; for which of those works do ye stone me? The Jews answered him, saying, For a good work we stone thee not; but for blasphemy; and because that thou, being a man, makest thyself God.” John 10:31-33

“And, behold, they brought to him a man sick of the palsy, lying on a bed: and Jesus seeing their faith said unto the sick of the palsy; Son, be of good cheer; thy sins be forgiven thee.
9:3 And, behold, certain of the scribes said within themselves, This man blasphemeth.” Matthew 9:2-3

According to the Bible, a man who thinks he can forgive sins or makes himself as God is a blasphemer.

However, was it ok for Jesus to claim to be God and forgive people’s sins? Yes.

“For whether is easier, to say, Thy sins be forgiven thee; or to say, Arise, and walk? But that ye may know that the Son of man hath power on earth to forgive sins, (then saith he to the sick of the palsy,) Arise, take up thy bed, and go unto thine house.” Matthew 9:5-6

“While he yet spake, behold, a bright cloud overshadowed them: and behold a voice out of the cloud, which said, This is my beloved Son, in whom I am well pleased; hear ye him.” Matthew 17:5

Never Man Spake Like this Man
Many who were convinced that Jesus was the Son of God were misled by the false reasoning of the priests and rabbis. These teachers had repeated with great effect the prophecies concerning the Messiah, that He would “reign in Mount Zion, and in Jerusalem, and before His ancients gloriously;” that He would “have dominion also from sea to sea, and from the river unto the ends of the earth.” Isa. 24:23; Ps. 72:8. Then they made contemptuous comparisons between the glory here pictured and the humble appearance of Jesus. The very words of prophecy were so perverted as to sanction error. Had the people in sincerity studied the word for themselves, they would not have been misled. The sixty-first chapter of Isaiah testifies that Christ was to do the very work He did. Chapter fifty-three sets forth His rejection and sufferings in the world, and chapter fifty-nine describes the character of the priests and rabbis.

God does not compel men to give up their unbelief. Before them are light and darkness, truth and error. It is for them to decide which they will accept. The human mind is endowed with power to discriminate between right and wrong. God designs that men shall not decide from impulse, but from weight of evidence, carefully comparing scripture with scripture. Had the Jews laid by their prejudice and compared written prophecy with the facts characterizing the life of Jesus, they would have perceived a beautiful harmony between the prophecies and their fulfillment in the life and ministry of the lowly Galilean.

Many are deceived today in the same way as were the Jews. Religious teachers read the Bible in the light of their own understanding and traditions; and the people do not search the Scriptures for themselves, and judge for themselves as to what is truth; but they yield up their judgment, and commit their souls to their leaders. The preaching and teaching of His word is one of the means that God has ordained for diffusing light; but we must bring every man’s teaching to the test of Scripture. Whoever will prayerfully study the Bible, desiring to know the truth, that he may obey it, will receive divine enlightenment. He will understand the Scriptures. “If any man willeth to do His will, he shall know of the teaching.” John 7:17, R. V.

On the last day of the feast, the officers sent out by the priests and rulers to arrest Jesus, returned without Him. They were angrily questioned, “Why have ye not brought Him?” With solemn countenance they answered, “Never man spake like this Man.”

Hardened as were their hearts, they were melted by His words. While He was speaking in the temple court, they had lingered near, to catch something that might be turned against Him. But as they listened, the purpose for which they had been sent was forgotten. They stood as men entranced. Christ revealed Himself to their souls. They saw that which priests and rulers would not see,–humanity flooded with the glory of divinity. They returned, so filled with this thought, so impressed by His words, that to the inquiry, “Why have ye not brought Him?” they could only reply, “Never man spake like this Man.”

The priests and rulers, on first coming into the presence of Christ, had felt the same conviction. Their hearts were deeply moved, and the thought was forced upon them, “Never man spake like this Man.” But they had stifled the conviction of the Holy Spirit. Now, enraged that even the instruments of the law should be influenced by the hated Galilean, they cried, “Are ye also deceived? Have any of the rulers or of the Pharisees believed on Him? But this people who knoweth not the law are cursed.”

Those to whom the message of truth is spoken seldom ask, “Is it true?” but, “By whom is it advocated?” Multitudes estimate it by the numbers who accept it; and the question is still asked, “Have any of the learned men or religious leaders believed?” Men are no more favorable to real godliness now than in the days of Christ. They are just as intently seeking earthly good, to the neglect of eternal riches; and it is not an argument against the truth, that large numbers are not ready to accept it, or that it is not received by the world’s great men, or even by the religious leaders.

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