BUSINESS NEWS

Zimra descends on churches

THE Zimbabwe Revenue Authority (Zimra) said it will start collecting taxes from churches engaging in business transactions such as selling paraphernalia to their congregants but will exempt churches f...

By Staff reporter | Published: 03 September 2017

BUSINESS NEWS

Zimbabwe establish Investment Portfolio Fund

A Zimbabwe Investment Portfolio Fund was established with effect from today, Friday the 1st of September to facilitate an easy repatriation of funds by foreign investors on the Zimbabwe Stock Exchange...

By Staff reporter | Published: 01 September 2017

POLITICS

Zanu-PF extends begging bowl to ailing firms

ZANU-PF Bulawayo province has extended a begging bowl to the city's struggling companies, its party members and ordinary residents to raise about $50 000 for President Robert Mugabe's upcoming campaig...

By Staff reporter | Published: 01 September 2017

BUSINESS NEWS

'VAT withholding tax threatens companies'

The Confederation of Zimbabwe Industries (CZI) is calling for removal of the 10 percent VAT withholding tax levied on both manufacturers and distributors arguing it threatens the two sectors' viabilit...

By Staff reporter | Published: 01 September 2017

BUSINESS NEWS

Schweppes, Govt in fruit trees deal

SCHWEPPES Zimbabwe is engaged in talks with Government over the production of fruit trees destined for the export market.Environment, Water and Climate Minister Oppah Muchinguri- Kashiri, said Governm...

By Staff reporter | Published: 01 September 2017

BUSINESS NEWS

Forex bailout for Bulawayo firms

THE ministry of Industry and Commerce is making efforts aimed at prioritising the allocation of foreign currency to Bulawayo companies, so that they can import raw materials for their survival, an off...

By Staff reporter | Published: 01 September 2017

BUSINESS NEWS

IDBZ targets multi-million dollar projects in Zim

The Infrastructure Development Bank of Zimbabwe (IDBZ) says it will start implementation of its multi-million dollar infrastructure development projects across the country in the second half of 2017.T...

By Staff reporter | Published: 31 August 2017

POLITICS

Fraud accused Zinara directors walk free

SENIOR Zimbabwe National Roads Administration (Zinara) executives arrested in June for alleged fraud and criminal abuse of office could walk free after Transport Minister Jorum Gumbo pressured the par...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

New labour law to stem job losses

A Labour Act Amendment Bill expected to be promulgated into law in the coming quarter could result in a slowdown in retrenchments, deputy minister for Public Service, Labour and Social Welfare, Tapiwa...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Power demand to increase, says Chinamasa

The country's energy crisis will intensify as the economy recovers, leading to industrialisation, which will put pressure on power supplies, Finance and Economic Development Minister Patrick Chinamasa...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Zimbabwe to remain net grain importer

INTERNATIONAL research firm, BMI, has suggested that Zimbabwe will remain a net maize importer in the long term, despite a bumper harvest during the exceptional 2016/17 agricultural season.The countr...

By Staff reporter | Published: 31 August 2017

OPINION

Old Mutual properties overpriced

Dear Editor, I would like to applaud efforts by the National Building Society (NBS) and the People's Own Savings Bank (POSB), on the provision of affordable houses and housing loans respectively. &nbs...

By Prosperity Mzila | Published: 31 August 2017

OPINION

Zimra must walk the talk on porous ports

Corruption at the country's ports of entry has become a cancer that authorities appear not to have any viable solution for in sight.As a result of the porosity of structures and systems at borders, m...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Zimbabwe to get normal rains

ZIMBABWE is expected to receive normal rains during the 2017/18 season, with southern parts of the country expected to receive normal to below normal rains, a detailed local forecast from the Meteorol...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Zimra launches blitz on traders

THE Zimbabwe Revenue Authority (Zimra) has launched a massive blitz targeting all traders who continue to dodge their tax obligations by not installing fiscal devices and connecting them to its server...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Zimbabwean elected Sadc industry body president

THE Mining Industry Association of Southern Africa (MIASA), an association of Chamber of Mines in the Sadc region has elected Chamber of Mines of Zimbabwe's chief executive Isaac Kwesu as president of...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

PSMAS in lifestyle programme drive

Zimbabwe's biggest healthcare funder by membership, Premier Service Medical Aid (PSMAS), has launched a lifestyle programme which it says will save the country up to $2 billion in health costs in the ...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Afreximbank facility to avert fuel prices

A $600 million nostro stabilization facility from Afreximbank will largely support fuel and electricity imports as well as critical government obligations, sources said this week. The development will...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Chinamasa disowns Meikles debt

GOVERNMENT has disowned Meikles Limited's $90 million claim over a two-decade old Reserve Bank of Zimbabwe (RBZ) debt and has made a counter demand, saying it had overpaid the hospitality and retail g...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Zim steps up power import payments

THE Reserve Bank of Zimbabwe and ZESA Holdings have agreed that between $5 million and $10 million per week will be paid towards servicing debt arrears to South Africa's power utility, Eskom, and Hydr...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Zimra wants stiffer penalties for tax evaders

ZIMBABWE'S tax agency says it is lobbying for new legislation which will see tax evaders being handed stiffer penalties, as the country which solely relies on tax to fund its operations tries to shore...

By Staff reporter | Published: 31 August 2017

BUSINESS NEWS

Zim, SA to establish clinics on major highways

ZIMBABWE and South Africa have agreed to establish clinics along major highways to cater for cross border truck drivers within the region so that they can access HIV health related services.South Afri...

By Staff reporter | Published: 30 August 2017

BUSINESS NEWS

Govt ready to work with credible partners

Government says it is ready to work with credible and genuine partners in the implementation of large-scale development programmes aimed at addressing community needs.Work being done by development pa...

By Staff reporter | Published: 30 August 2017

BUSINESS NEWS

Cross borders told not to spend loan on luxuries

Potential beneficiaries of the $15 million RBZ cross border entrepreneurship facility have been warned against spending their business start up pack on luxuries.Modalities for disbursement of the $15 ...

By Staff reporter | Published: 30 August 2017

BUSINESS NEWS

Zim urged to exploit Chinese market

Players in the agricultural sector in Zimbabwe should take advantage of the huge investment opportunities in the Chinese market, an envoy said on Tuesday.Chinese ambassador to Zimbabwe Huang Ping said...

By Staff reporter | Published: 30 August 2017

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