BUSINESS NEWS

Zimra registers more SMEs for VAT

THE Zimbabwe Revenue Authority (Zimra) has registered 12 992 small-to-medium enterprises (SMEs) for value-added tax (VAT) under a moratorium, that expired last month, acting board secretary, Ropafadza...

By Staff reporter | Published: 11 July 2017

BUSINESS NEWS

Bond notes discount will propel inflation

INTERNATIONAL Monetary Fund (IMF) mission chief on Zimbabwe, Ana Lucia Coronel, has expressed concern that growth in bond notes discounts in the parallel sector would increase inflation, which will im...

By Staff reporter | Published: 11 July 2017

BUSINESS NEWS

NSSA records huge profit

THE National Social Security Authority (NSSA) recorded a 329,7% boost in profit after tax to $105,87 million for the financial year ended December 2016 on the back of fewer write downs and improved co...

By Staff reporter | Published: 07 July 2017

BUSINESS NEWS

RBZ turns to Afreximbank again

RESERVE bank of Zimbabwe (RBZ) is negotiating for more nostro stabilisation facilities with the Afreximbank, as it makes strides to avert a dry foreign exchange spell after the tobacco selling season....

By Staff reporter | Published: 07 July 2017

BUSINESS NEWS

Zimbabwe's trade flow improves

Zimbabwe's trade flow for the first five months showed some improvement, as the economy continues to respond to measures put in place to foster macro-economic stability and to curtail leakages from th...

By Staff reporter | Published: 07 July 2017

BUSINESS NEWS

Zimbabwe to develop 5-year Diaspora remittances plan

GOVERNMENT seeks to develop a five-year Diaspora plan aimed at promoting remittances in line with the diaspora policy adopted last year.Secretary for Economic Planning and Investment Promotion Judith ...

By Staff reporter | Published: 07 July 2017

POLITICS

Zimbabwe not a war zone, Mzembi tells ZRP

Tourism and Hospitality Industry Minister Dr Walter Mzembi yesterday expressed frustration over the continued existence of numerous police roadblocks on the country's highways, saying Zimbabwe was not...

By Staff reporter | Published: 06 July 2017

BUSINESS NEWS

New plan to increase Zimbabwe's power generation

GOVERNMENT has announced a series of tax exemptions, licence fee cuts and a raft of financing measures to drive renewable energy development.This comes as authorities have been battling to address a ...

By Staff reporter | Published: 06 July 2017

BUSINESS NEWS

Import ban unlocks $100 million

GOVERNMENT's policy to restrict the importation of at least 100 product lines, introduced last year in a bid to protect domestic industries, has unlocked at least $100 million in foreign direct inves...

By Staff reporter | Published: 06 July 2017

POLITICS

Mugabe blows $50 million on trips

PRESIDENT Robert Mugabe spent $53 million on foreign trips during 2016, more than double the amount government allocated for the upgrade of public health facilities in the country during the year, Tr...

By Staff reporter | Published: 06 July 2017

POLITICS

Mugabe's govt delays business reforms

ONLY four out of 15 Bills, which are critical in improving the ease of doing business in Zimbabwe have been approved in a one-year period, showing that government is still dragging its feet in impleme...

By Staff reporter | Published: 06 July 2017

POLITICS

Govt officials loot $500 million in loans

ZIMBABWE's broke Treasury has failed to account for nearly US$570 million disbursed to unnamed beneficiaries in the form of loans, exposing bad governance, gross mismanagement of public funds and syst...

By Staff reporter | Published: 06 July 2017

BUSINESS NEWS

Zimbabwe clears $2.2m Shelter Afrique arrears

Zimbabwe has cleared its US$2.2 million arrears with the Pan-African financial institution, Shelter Afrique, and pledged to work together with other member countries in developing sustainable housing ...

By Staff reporter | Published: 05 July 2017

OPINION

Expectations from national credit reference system

The going live of the central credit registry system is a big milestone for the financial services sector in Zimbabwe since the introduction of the multi-currency system.It is a accepted fact that the...

By Dr Sanderson Abel | Published: 05 July 2017

POLITICS

Mnangagwa speaks on Jonathan Moyo

VICE PRESIDENT Emmerson Mnangagwa has urged Zimbabweans not be distracted by the vilification of Government's initiatives to revive the agriculture sector in the private media as the bumper harvest wa...

By Staff reporter | Published: 05 July 2017

BUSINESS NEWS

Buy Zimbabwe Summit begins today

The Buy Zimbabwe Summit and Investment Forum to champion economic policy reform, growth and prosperity in the country, roars into life in Victoria Falls today with various participants from different ...

By Staff reporter | Published: 05 July 2017

BUSINESS NEWS

CSR programmes need monitoring

INDUSTRIALISTS have said funding challenges are crippling their corporate social responsibility (CSR) programmes meant to fill in developmental gaps by addressing human needs and challenges within com...

By Staff reporter | Published: 05 July 2017

BUSINESS NEWS

'Zimbabwe can create a $1bn economy'

Zimbabwe has the potential to create a billion dollar economy by empowering its entrepreneurs and small to medium enterprises (SMEs), a local firm has said.Global Entrepreneurship Trust Club (Get Club...

By Staff reporter | Published: 04 July 2017

POLITICS

'15 parastatals face collapse'

The Auditor-General Midred Chiri (pictured)has warned about the ability of 15 State-owned enterprises to continue as a going concern.In her State Enterprises and Parastatals Report of 2016, the govern...

By Staff reporter | Published: 04 July 2017

BUSINESS NEWS

Ndhlukula appointed new ZNCC president

VICTORIA FALLS - Securico Security Services (Securico) founder Divine Ndhlukula has been elected the new Zimbabwe National Chamber of Commerce (ZNCC) president.The feisty businesswoman, who took over ...

By Staff reporter | Published: 04 July 2017

POLITICS

Chinamasa against Road Accident Fund

Finance minister Patrick Chinamasa said he is against the establishment of a Road Accident Fund (RAF), aimed at assisting road accident victims, as it will negatively affect insurance firms' revenues ...

By Staff reporter | Published: 04 July 2017

BUSINESS NEWS

'Zimbabwe can create a $1bn economy'

Zimbabwe has the potential to create a billion dollar economy by empowering its entrepreneurs and small to medium enterprises (SMEs), a local firm has said.Global Entrepreneurship Trust Club (GET Club...

By Staff reporter | Published: 04 July 2017

BUSINESS NEWS

Zinara boss in $3m Infralink scam

Zimbabwe National Roads Administration (Zinara) financial director Simon Taranhike has been suspended over a "currency trading scheme" at Infralink (Private) Limited (Infralink) - a joint venture firm...

By Staff reporter | Published: 04 July 2017

POLITICS

Chinamasa against lifestyle audit

Finance minister Patrick Chinamasa said he is against the current lifestyle audit being carried out by various statutory boards on a number of individuals across the country.Chinamasa said the audits,...

By Staff reporter | Published: 04 July 2017

POLITICS

$1 million donation fulfils Mugabe's 2015 pledge to AU

PRESIDENT Mugabe yesterday presented $1 million - proceeds from his 2015 cattle donation pledge towards the capacitation of the African Union Foundation - during the official opening of the 29th Ordin...

By Staff reporter | Published: 04 July 2017

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