BUSINESS NEWS

Zimbabwe's RBZ scraps heavy-handed forex controls

The Reserve Bank of Zimbabwe (RBZ) has officially abandoned its stringent enforcement of exchange rate controls, marking a significant policy shift aimed at fostering market stability, restoring busin...

By Staff reporter | Published: 03 July 2025

POLITICS

Zimbabwe Judges' Chitepo School 'training' scrapped

A controversial "training workshop" for Zimbabwe's judges, organised by the Office of the President and Cabinet (OPC) and involving figures closely linked to the ruling Zanu-PF party and the state int...

By Staff reporter | Published: 02 July 2025

BUSINESS NEWS

EU scraps duty on Zimbabwe exports

In a landmark development for Zimbabwe's trade ambitions, European Union Ambassador to Zimbabwe, Jobst Von Kirchmann, announced that Zimbabwean companies can now export any product to the EU duty-free...

By Staff reporter | Published: 28 April 2025

MINING & RETAIL

Zimbabwe scraps 15% tax on raw platinum exports

Zimbabwe's platinum mining companies have come up with a roadmap for refinery plants that have seen the government considering the removal of a 15 percent tax on raw exports for the commodity.While co...

By Staff reporter | Published: 16 July 2019

OPINION

Scrapping of multi-currency regime: The implications

ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intended steri...

By Respect Gwenzi | Published: 26 June 2019

BUSINESS NEWS

RBZ scraps US$10 000 daily trading limit for bureaux de change

THE Reserve Bank of Zimbabwe (RBZ) has scrapped the US$10 000 daily trading limit for bureaux de change and the 2,5 percent maximum profit margin for banks, in a bid to make the interbank forex market...

By Staff reporter | Published: 26 June 2019

MINING & RETAIL

Scrap Fidelity's gold monopoly, says Parly committee

THE Parliamentary Portfolio Committee on Mines and Mining Development has urged government to remove Fidelity Printers and Refiners (FPR)'s monopoly as the sole gold buyer to promote competition. FPR ...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

CZR wants 2% tax scrapped

THE Confederation of Zimbabwe Retailers (CZR) is pleading with Government to review the two percent tax on electronic transactions, which it claims is being abused by some unscrupulous entities to des...

By Staff reporter | Published: 20 November 2018

BUSINESS NEWS

'Scrap bond notes'

PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrogate curr...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Millions lost through scrap metal exports

Zimbabwe could save at least $11 million per month and hundreds of jobs if it stops exporting scrap metal and beneficiate it locally, the Zimbabwe Institute of Foundrymen (ZIF) has said. The foundry i...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

'Scrap import duty on sanitaryware'

KUWADZANA legislator Betty Nhambu-Kaseke (Zanu-PF) has called on the government to scrap import duty on sanitaryware and raw materials used to manufacture the product to make it more affordable.She ma...

By Staff reporter | Published: 01 July 2018

INDUSTRIALS & ENERGY

Ban scrap metal exports

LOCAL steel manufacturers have called for a temporary freeze on the export of scrap metal until domestic demand is satisfied, as they seek to meet local steel product requirements.The pledge comes at ...

By Staff reporter | Published: 21 June 2018

INDUSTRIALS & ENERGY

Call for scrap metal exports ban

SCRAP METAL exports have seriously curtailed industrial production of gold processing equipment and spare parts produced by local foundries, manufacturers in the sector have said.Local foundries have ...

By Staff reporter | Published: 23 May 2018

POLITICS

Chamisa scraps rallies

MDC Alliance supporters in Mberengwa were left fuming after the party abruptly cancelled rallies that were scheduled for the district.The MDC Alliance was scheduled to have rallies to be addressed by ...

By Staff reporter | Published: 21 May 2018

FINANCIAL SERVICES

Old Mutual scraps payslip requirement for stand buyers

OLD Mutual Group has scrapped the requirement for payslips on potential residential stand buyers at its Pumula South and Nkulumane housing project in Bulawayo.The move seeks to cater for the growing i...

By Staff reporter | Published: 09 April 2018

BUSINESS NEWS

Monarch workers charged with theft of scrap aluminium

THREE workers at Monarch Steel Company in Bulawayo are in trouble after they allegedly stole scrap material worth $85 from their employer.Charles Gwetshwayo (39) of Mzilikazi in Bulawayo, Sinikiwe Ngw...

By Staff reporter | Published: 09 April 2018

TRANSPORT & TOURISM

CAAZ to scrap boarding calls

THE Civil Aviation Authority of Zimbabwe (CAAZ) says it is mobilising resources to upgrade sections of the Victoria Falls International Airport as well as relocate Kariba Airport.The Victoria Falls In...

By Staff reporter | Published: 15 March 2018

POLITICS

Chamisa to scrap bond notes

MDC Alliance presidential candidate Nelson Chamisa has said his administration will bring an end to cash shortages and scrap bond notes once elected into office.He told a campaign rally in Victoria Fa...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

Govt scraps duty for NRZ, Air Zimbabwe

The government has exempted two struggling parastatals, the Air Zimbabwe and the National Railways of Zimbabwe (NRZ) from paying duty on spare parts.This comes as the government is seeking to revive t...

By Staff reporter | Published: 12 February 2018

FINANCIAL SERVICES

Banks scrap tax on transactions below $10

GOVERNMENT has, with immediate effect, directed banks not to levy 5 percent tax on all transactions below $10 as a way of promoting financial inclusion. This comes as Government moves to provide safet...

By Staff reporter | Published: 30 January 2018

EDUCATION

Mnangagwa scraps Mugabe University plans

GOVERNMENT has temporarily shelved plans to construct a $1 billion university in honour of former President Robert Mugabe as it was not a priority at the moment, a Cabinet minister has said.Higher and...

By Staff reporter | Published: 23 January 2018

BUSINESS NEWS

Call to scrap Asycuda Customs clearing system

CUSTOMS clearing agents and transporters have called on the Government to dump the existing Automated System for Customs Data (Asycuda World plus) which is delaying the movement of commercial cargo at...

By Staff reporter | Published: 12 January 2018

BUSINESS NEWS

Council scraps interest on debts

THE Bulawayo City Council (BCC) has scrapped interest on ratepayers who make a payment plan to clear their arrears amid reports the local authority is owed more than $169 million by ratepayers.Latest ...

By Staff reporter | Published: 09 January 2018

BUSINESS NEWS

Indigenisation ministry scrapped

President Emmerson Mnagangwa has delivered to some extent on a lean cabinet, reducing it from 26 to 22 and whittling away deputy ministers to six.But its the composition has drawn some criticism for i...

By Staff reporter | Published: 01 December 2017

BUSINESS NEWS

Mnangagwa urged to scrap indigenisation law

ECONOMIC analysts say the best way for President Emmerson Mnangagwa's government to attract serious and long-term investment into the country is to scrap the controversial indigenisation law that has ...

By Staff reporter | Published: 30 November 2017
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