THE widespread dissatisfaction with performance management is not merely a matter of opinion; it is a conclusion supported by decades of scientific inquiry. Many traditional systems, centred on the annual performance review, are not just ineffective but can be actively harmful to employee motivation and organisational health. To construct a system that delivers on its…
THE government’s renewed drive to issue new agricultural land title deeds is, on the surface, a welcome and potentially transformative step.Framed as a critical enabler for agricultural financing and an effort to treat farming as a serious business, this initiative holds the promise of unlocking significant productive investment. However, its true success hinges entirely on…
By Simbarashe Hamudi TAX credits serve as a vital financial tool for taxpayers, enabling them to reduce their tax liabilities. By subtracting specific amounts from the total employment taxes owed, these credits can significantly ease the financial burden on individuals, particularly those facing certain hardships. This mechanism is outlined in the Finance Act, specifically under…
THE minister of Finance, Mthuli Ncube, yesterday said the government has started to gather views from stakeholders to be included in the National Development Strategy 2 (NDS 2) set to be launched in November. This comes as the NDS 1, which was launched in 2021, ends in December. The NDS 2 is aimed at realising…
THERE is growing disquiet among local companies over the 30 percent liquidation of foreign earnings into local currency balances at the official rate by the Reserve Bank of Zimbabwe (RBZ) which according to insiders, is gravely threatening export business viability.This comes as local companies are already stretched for foreign currency to adequately cover supplier and…
WITH strife in the Middle East usually causing global oil prices to spike, experts fear that the worsening Israel-Iran war will further sap Zimbabwe’s ailing economy.When oil prices rise, the cost of production also goes up. This puts pressure on companies, with the ensuing costs eventually being passed on to already hard-up consumers, especially for…
VISION Group (Vision), the new owners of Tongaat Hulett (Tongaat) plans to embark on a substantial reinvestment programme aimed at stabilising operations and increasing production capacity in Zimbabwean assets, following a successful takeover.Vision, a consortium of businessmen, South African Robert Gumede, Zimbabwean Rutenhero Moyo and Pakistanis Amre Youness and Nauman Khan acquired lender’s claims in…
FARMERS are calling for greater security around the government’s new agricultural land title deeds.They see this as crucial for rebuilding trust after the chaos of the earlier phases of the land reform. The government plans to use the programme to facilitate agricultural financing, aligning with its push to treat farming as a business.Commercial Farmers Union…
EDGARS Stores (Edgars) has revealed plans to further invest in modernising equipment at its manufacturing facility, Carousel, aimed at enhancing production capacity and supply chain efficiency to support its expanding retail store network.The Victoria Falls Stock Exchange (VFEX)-listed clothing firm, which previously invested US$1 million in retooling the Bulawayo-based manufacturing unit last year, did not…
THE Reserve Bank of Zimbabwe (RBZ) has maintained its current monetary policy stance, keeping the bank policy rate at 35 percent.The RBZ’s Monetary Policy Committee also resolved to maintain the current statutory reserve requirements for savings and time deposits in ZiG for both local and foreign currency at 15 percent, and for demand and call…
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