Published: 10 June 2013

Zimbabwe will increase mining royalties soon to raise $132 million to bankroll the forthcoming elections, Finance minister Tendai Biti has said.  

The $100 million that had been promised by Pretoria hangs in the balance after a South Africa Treasury spokesperson said the 2 governments were only "engaged in ongoing discussions."

Biti is mulling introducing new taxes for miners to bankroll the forthcoming elections instead of borrowing on the debt market.
- newsday

You might also want to read this

• SMES generate $1million in taxes daily at border
• Judges should not run elections
• Postpone Zimbabwe's elections and address serious issues of concern
• 'Elections must not divide us'
• Zimbabweans tell of hopelessness ahead of elections
• Who will win Zimbabwe's 2018 elections?
• 'Zimbabwe elections to go ahead'
• 'Zimbabwe elections, a delayed match'
• Elections stall property sector
• 'Primary elections increased intra-party violence'