THE Financial Intelligence Unit (FIU) says accountants should be at the forefront of safeguarding the country’s financial reputation by fighting money laundering, terrorist financing and the illicit funding of weapons of mass destruction. Speaking during the 25th Annual Conference of the Southern African Association of Accountants (SAAA) last week, FIU representative Regiment Gwete described the…
MUTAPA Investment Fund chief executive officer (CEO), John Mangudya, has called for cost-reflective power tariffs to ensure investments in the energy sector are sustainable and economically viable. He made the call on Friday at the Zesa risk management awards. “In addressing energy security, it is crucial that we focus on mitigating investment risks associated with…
THE minister of Agriculture, Anxious Masuka, says they have established 600 cotton selling points to rid the industry of side marketing that is shortchanging contractors. This comes as Masuka recently assured farmers that the Grain Marketing Board (GMB) was ready to pay an outstanding US$3 million debt it owes them. Addressing the media in Harare…
ZIMBABWE’S Trade Development and Promotion Organisation, (ZimTrade), says the country must urgently strengthen its foothold in regional markets to unlock the full potential of the African Continental Free Trade Area (AfCFTA) and reduce trade barriers within the continent. Speaking to the Daily News on the side-lines of the Zimbabwe National Chamber of Commerce (ZNCC) congress…
South African consumer confidence recovered in the second quarter A quarterly index measuring consumer sentiment climbed to -10 in the three months through June from -20 in the previous quarter, FirstRand’s First National Bank said in an emailed statement on Thursday. Other factors that also contributed to the improvement include additional withdrawals form the two-pot…
The White House said Donald Trump’s decision on a successor for Federal Reserve Chair Jerome Powell is not near, after the Wall Street Journal reported the president could make a…
South African President Cyril Ramaphosa fired a deputy minister from the second-largest party in the ruling coalition on Thursday, a move that renews strain on the stability of his administration.…
THE Reserve Bank of Zimbabwe (RBZ) says the country’s economy continues to demonstrate strong resilience supported by growth in key sectors, improved foreign currency inflows, and a steady inflation environment. Speaking at the on-going Zimbabwe National Chamber of Commerce (ZNCC) annual congress yesterday, the RBZ deputy governor, Innocent Matshe, said the developing economy was also…
By Theresa Muchinguri IN a strategic move to deepen investor trust and strengthen Zimbabwe’s appeal as a competitive investment destination, the Zimbabwe Investment and Development Agency (ZIDA) has launched an Investor Grievance Response Mechanism (IGRM).This initiative, grounded in Section 14 of the ZIDA (General Investments) Regulations [S.I. 227 of 2023], marks a critical development in…
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