‘Taxes push masses to cash’

THE Bankers Association of Zimbabwe (BAZ) has urged the government to review its growing list of levies on digital transactions and services, warning that the charges risk discouraging electronic payments and undermining efforts to formalise the economy. Their concerns follow the introduction of new taxes in the 2026 national budget, presented a fortnight ago by…

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SECZim to incentivise new listings

THE government says the Securities and Exchange Commission of Zimbabwe (SECZim) will introduce new incentives to attract more company listings, including small and medium-sized enterprises, and promote the listing of bonds on the local stock market. Several measures are already in place to draw new listings, notably tax incentives and hard-currency trading on the Victoria…

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ICZ pushes for regional insurance uptake

THE Insurance Council of Zimbabwe (ICZ), through the National Bureau of Zimbabwe (NBZ), is aiming to boost Yellow Card uptake by eight percent by the end of next year. The Yellow Card provides regional third-party motor insurance cover for vehicles travelling across the COMESA bloc. This follows a strong performance last season, when more than…

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Zim ‘loses US$9 billion’ through raw tobacco exports

ZIMBABWE is losing as much as US$9 billion each year by exporting raw tobacco instead of processing it locally, a senior government official has warned. The country’s tobacco sector has hit a historic peak, producing a record 354,9 million kilogrammes this year, earning growers more than US$1 billion. Addressing stakeholders at the Zimbabwe Agricultural Society…

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Econet to delist on ZSE

ECONET Wireless Zimbabwe (Econet) has announced plans to delist from the Zimbabwe Stock Exchange (ZSE) to unlock shareholder value by separating its core mobile business from its infrastructure assets. The decision will see the telecommunications giant create a dedicated entity, Econet Infrastructure Company Limited (Econet InfraCo), to hold its real estate, towers, and power assets.…

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Government schemes inflation-proof bonds

THE government says it will introduce inflation-hedged and index-linked bonds, alongside a pension portability system that allows members to keep their accrued benefits when they change jobs or schemes, a move aimed at protecting the real value of retirement savings. The pension sector has long struggled with severe value erosion caused by hyperinflation and currency…

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