Rafael Nadal says it has been a “very emotional” week after he made his last-ever appearance at the Madrid Open. The former world number one, a five time champion in the Spanish capital, waved an emotional farewell to the tournament after losing in straight sets to Jiri Lehecka. The 37-year-old has indicated he plans to…
FINANCIAL experts in Zimbabwe have expressed optimism that the reporting of three sets of inflation will bolster confidence, noting that the blended consumer price index (CPI) had proven too complex for standard accounting conventions. This comes after significant lobbying by business and economic agents to abandon the blended inflation rates. They argued that it would…
BAKER TILLY Central Africa has expressed concerns about delays in the publication of exchange rates to be used for income tax returns preparation, saying this has disrupted the consistency of tax filings. Taxpayers were initially expected to submit their income tax returns for the year ending December 31, 2023, by this Tuesday. However, the revenue…
IN a significant move to stabilise its economy and streamline financial operations, Zimbabwe has introduced the Zimbabwe Gold (ZiG) as its new official currency. This marks a monumental shift in the nation’s monetary policy, aiming to foster stability, restore market confidence, and enhance the functionality of monetary and tax systems. The initial phase of this…
A STAGGERING 158 companies in the engineering, iron, and steel sector deregistered in 2023, marking a 5 166,67 percent increase from the three recorded in 2022, according to a new report. The industries are a significant pillar of the country’s economy, generating over US$1,45 billion in exports and bolstering the much-needed foreign exchange reserves. However,…
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