Staff Reporter|Finance and Economic Development Minister Mthuli Ncube has dissolved the entire ZIMRA Board with immediate effect.

The minister made the announcement at the presentation of the mid-term monetary policy statement on Monday.

A new board will be appointed in due course and until the new board is appointed Zimra management will be run by the Treasury.

Zimra has also been ordered to stop the appointment of key personnel. The hiring of all vacant senior positions has also been frozen.

The Minister said the decision was taken to enhance governance at ZIMRA.

Said Mthuli Ncube.

“In order to enhance governance at ZIMRA, I hereby terminate the term of the current Board with immediate effect. I have proposed names of new Board members which are currently being cleared.

The new Board will be announced in due course. In the meantime, ZIMRA senior management will be reporting directly to Treasury. I take this opportunity to thank the outgoing Board members for the services rendered. ZIMRA senior management is hereby directed to cease all recruitment of new personnel within ZIMRA until a new Board is in place. This is to allow the new board to have input into critical appointments.”