September 27, 2023

Zimra acts to improve doing business climate

THE Zimbabwe Revenue Authority (Zimra) says its new Tax and Revenue Management System (TaRMS) is a game-changing solution for both domestic resource mobilisation and ease of doing business for taxpayers and agents. The new system will be implemented in three phases beginning next month, with the full system set to be in place by August…

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Beta Holdings ties up new plants

BETA Holdings says construction of its new brick making plants in Mt Hampden and Melfort is almost complete as the group targets to boost production capacity. The projects are worth a combined US$6 million and are expected to increase production by 180 million bricks per year. In a statement this week, the brick-maker said it…

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LPG usage declines

THE Zimbabwe Energy Regulatory Authority (Zera) says it expects a five percent annual increase in liquefied petroleum gas (LPG) usage despite a decline of 2,16 percent in the first half of the year. LPG consumption depreciated to 29,87 million kilograms (kg) in the first six months of 2023 from 30,53 million kg in the comparative…

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‘Zim dollar strengthening a boon for ICT’

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says it is anticipating the import prices of bandwidth, network equipment and software to go down following the local currency’s recent appreciation against the US dollar. This comes as the economy has enjoyed currency stability over the past months after a protracted period of volatility. In…

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