HomeNewsTollgate revenue doubles

Tollgate revenue doubles

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FINANCE and Economic Development minister Patrick Chinamasa says revenue from tollgates more than doubled following the introduction of an electronic system to replace the manual method.

BUSINESS REPORTER

Tollgates on the country’s roads were introduced in 2009.

Chinamasa told a breakfast meeting yesterday that government was working round the clock to weed out corruption.

“Revenues from plaza were doubling because the control room in Harare sees everything that would be happening at the plaza. We are doing whatever we can,” he said.

“Often some of the people who come to the office to complain about corruption are the very people who are corrupt. My approach is basically we need greater transparency. There is no better deterrent to corruption than transparency.”

He said his ministry was working on a number of measures to bring more transparency to the financial sectors.

“This is why some of the amendments that we are going to bring with respect to the banking sector are basically to enhance transparency in the financial services sector given its key importance to our economy, in respect to corporate governance, to insider lending and so on. If we have that greater transparency it will remove the temptation because no one wants to bribe in broad daylight,” Chinamasa said.

Speaking at the same IMF breakfast meeting in Harare, International Monetary Fund head of mission to Zimbabwe Domenico Fanezzi said government has to be transparent to fight the corruption scourge.

Critics say the anti-corruption dragnet targets the small fish while senior government officials and politicians go scot free.

A preliminary report by the Zimbabwe Policy Analysis Research Unit showed that at least $3 billion could have been spirited out of the country through illicit financial flows in the period 2009 to 2012.

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