High Court Protects Value of US Dollar Deposits

COURT WATCH 7/2020 [26th May 2020] High Court Protects Value of US Dollar Deposits In an important judgment delivered on the 14th May, High Court Judge Happias Zhou declared that a directive issued by the Reserve Bank under the Exchange Control Act was unconstitutional because, by converting existing bank deposits from US dollars to RTGS …

Government Gazettes Update: 25th April to 18th May

BILL WATCH 30/2020 [20th May 2020] Government Gazettes Update: 25th April to 18th May This bulletin lists and briefly outlines the content of Statutory Instruments [SIs] and some General Notices [GNs] published in Government Gazettes from 25th April to 18th May 2020.  Those SIs on which Veritas has already commented have links to the relevant …

Labour Matters: Lockdown labour relations complexities

Labour Matters: Lockdown labour relations complexities  Chronicle 21/5/2020   Davies Ndumiso Sibanda THE Covid-19 lockdown has presented many challenges for both employers and employees and in most instances resulting in conflict. One of the most common areas of conflict between employers and workers who have returned to work is poor time keeping by employees who …

High Court judge reverses RBZ currency conversion

High Court judge reverses RBZ currency conversion Chronicle 15/5/2020   Fidelis Munyoro, Harare Bureau The High Court has declared unconstitutional a Reserve Bank of Zimbabwe exchange control directive converting sums in accounts originally designated in US dollars into accounts designated in Zimbabwe dollars, ordering a bank to pay a particular holder of such an account …

Re-opening of economy takes workers back to the Labour Act Chapter 28:1

Re-opening of economy takes workers back to the Labour Act Chapter 28:1 Chronicle 14/5/2020   Davies Ndumiso Sibanda, Labour Matters WITH the lockdown being eased in phases, the economy remains partially open resulting in many businesses remaining closed and more and more workers being put on unpaid leave and in worse cases workers are losing …