By Shepard KemboWHILE the recent policy intervention on the mandatory use of point-of-sale (POS) machines has attracted widespread criticism by many who argue that it should not be shoved down the throats of informal businesses, let us focus on the positives for a moment.The recent policy shift and focus on the informal sector, while requiring…
By Musawenkosi RC DzhekaTHE ongoing friction between the government and retailers is not a targeted vendetta against the sector but rather a case of strategic misalignment in the broader 2030…
THE country’s electricity supply situation is set to worsen in the coming weeks, after Zesa confirmed yesterday that it would take two key generators at Hwange Power Station off the…
SENEGAL will welcome the Youth Olympic Games (YOG) Dakar 2026, the first Olympic sporting event to be held on African soil. Dakar 2026 will take place over two weeks from…
THE country’s quest to de-dollarise faces many hurdles due to continuing policy inconsistencies and the absence of fundamental economic reforms, experts warn.Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that an effective de-dollarisation roadmap required a carefully planned…
THE local equities market has lost significant ground midway into the first quarter of 2025 as tight liquidity conditions and a generally underperforming economy have dampened investor activity.The country’s primary bourse, the Zimbabwe Stock Exchange (ZSE) market capitalization which peaked at ZiG 90 billion in October 2024 since rebasing has been in constant decline closing…
THE Southern Cotton Company has urged cotton farmers to increase investment in value addition, highlighting significant potential for expansion within the cotton industry.Southern Cotton Company managing director, Caos Nzenze, stated that most ginners currently sell seed from seed cotton without processing it further.“There is substantial capacity and opportunity to expand and develop value addition. At…
ZIMBABWE has the potential to significantly boost its tax revenue, up to nearly a quarter of its gross domestic product (GDP), by reforming its fiscal incentives, according to the World Bank.In its latest Zimbabwe Public Finance Review report, the bank highlighted that while the country has improved domestic revenue collection in recent years, it still…
THE legislation relating to the deferment of Value Added Tax (VAT) collection on capital goods has undergone a sea change in the last few months, with each amendment widening the circle of industries falling under this coveted privilege. Until recently, mining, manufacturing, aviation, and agriculture were the sectors that enjoyed the privilege of deferring VAT…
FIRST Capital Bank shrugged off the impact of the local currency devaluation to grow its asset base by 124 percent during the nine months to October 31, 2024 thanks to a strategic boost in foreign currency holdings.The near 43 percent devaluation of the ZiG by the authorities in September 2024 decimated the financial sector balance…
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