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#NOCZIMDebtRedemptionLevy Thread 🔥🔥🔥
i. HOW long shall this be paid?
ii. WHO is being paid WHAT amount?
1/ Indicated in the fuel price build up is a level of 1.3 cents USD & 5.7 cents USD per litre for diesel&petrol, respectively.
Accountability based on s68 of the Const
i. HOW long shall this be paid?
ii. WHO is being paid WHAT amount?
1/ Indicated in the fuel price build up is a level of 1.3 cents USD & 5.7 cents USD per litre for diesel&petrol, respectively.
Accountability based on s68 of the Const
2/ The 1999 #NOCZIM corruption scandal led the Gvt to pass on its debts to the people of Zimbabwe by way of a #NOCZIMDebtRedemptionLevy introduced in 2003.
@zeraenergy @ZimTreasury @ZimFact @newswireZW @zimlive @kukurigoZW @HeraldZimbabwe @SundayMailZim
@zeraenergy @ZimTreasury @ZimFact @newswireZW @zimlive @kukurigoZW @HeraldZimbabwe @SundayMailZim
3/ Finance Act: "The Noczim debt redemption levy was introduced by the Finance Act in 2003 to assist the company amortise its accumulated foreign debt that it has battled to settle despite previously enjoying monopoly over fuel trade."
