Zacc Puts Fast Food Outlets, Retailers On Notice Over Banking Cash

The Zimbabwe Anti-Corruption Commission (Zacc) has warned fast food outlets and retailers that it will be coming after them, warning that it has credible reports that some of them are not banking their cash takings. Speaking at a press conference on Wednesday, Zacc’s Head of Investigations Unit, Goodson Nguni said,

We are going to look at all detailed balance sheets of all companies if they have been paying the tax, banking the cash, they are receiving, because we are aware there are many companies that have received cash, millions of dollars from the public….they use a credit card to transfer the money, As a result, the fast-food outlets are not baking the cash and we are not going to stand for it anymore. We are also aware they are some retail outlets, they are receiving hundreds and millions of cash every day from members of the people,

We have information, that some companies are keeping this cash, then the managers transfer money from their personal accounts, they take the cash from the cashiers. We are not going to take it anymore.

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