News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Govt Fueling Corruption In Gold Sector By Underpaying Artisanal Gold Miners: Minister Mukupe* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?un Deputy Minister of Finance and Economic Planning Terrence Mukupe has said that the government is fueling corruption by not giving miners the full value for gold deliveries. Speaking at the CEO Africa Roundtable discussion last week Mukupe said, > The price of gold is hovering around $44 000 to $45 000 a kg. It’s clear we have got a lot of makorokozas and I can bet you my last dollar that none of these makorokozas have got bank accounts. I read some reports that there are about eight tonnes of gold that is trading in the informal market. That’s close to $300 million. > Why do we have that situation? The reason we have that situation is that the way things are structured in our country, if you were to bring your gold to us as a government we are not giving you full value. We are not giving you 100% dollars; we are forcing you to take a certain percentage in a transfer. More: NewsDay ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback