BY MARVELLOUS TAPERA THE legal framework governing tax enforcement in Zimbabwe is going through as significant transformation with the enactment of clause 45 of the Finance Act No. 7 of 2024, which amends Section 34F of the Revenue Authority Act.This enactment introduces new enforcement powers for the Commissioner-General, a significant shift in the legal framework…
By Ngonidzaishe Gurajena FORGET dusty brochures and overcrowded conference halls. The pharmaceutical industry is undergoing a seismic marketing transformation and Zimbabwe stands at the forefront of this digital revolution. For visionary pharma marketers, the digital landscape is not just a channel to reach healthcare professionals (HCPs) but a dynamic platform to engage, educate, and empower…
PLANS to develop Shamva Gold Mine (Shamva Mine), a subsidiary of Kuvimba Mining House (KMH), are well on course, with the parent shareholder, Mutapa Investment Fund (MIF), pursuing several funding options, The Financial Gazette has learnt.Last year KMH group chief executive, Trevor Barnard, revealed that Shamva Mine needed up to US$150 million to develop into…
CAR distributor Toyota Zimbabwe has merged with CFAO Motors in a strategic move that will expand the company’s reach and create CFAO Mobility Zimbabwe.Over the past decade, CFAO has been working to unify its operations across Africa. The company has systematically combined its various business units, brands, and operations to form new mobility companies in…
ZIMBABWE’s economic heartbeat isn’t found in its large, corporate giants but in the vibrant, often informal, world of its small and medium-sized enterprises (SMEs).For too long, policymakers have focused their energy on the big players, yet the reality on the ground is that SMEs form the backbone of the Zimbabwean economy, employing the vast majority…
HIPPO Valley Estates (Hippo Valley) says the surcharge on sugar content in beverages has drastically reduced group sales volumes as manufacturers are reformulating products to cut costs.The sugar tax which came into effect last year is calculated as US$0,001 per gram for ready to drink beverages and US$0,0005 per gram for cordials.As a result, beverage…
BANCABC Zimbabwe (BancABC) has reported a ZiG146,6 million profit after tax during the six months to June 30, 2025, supported by non-interest income, improved customer base and strict cost control.The group managed to overturn the previous year comparable period’s loss position of ZiG331,7 million as more business was generated by growth in digital transactions following…
CFI Holdings (CFI) is cautious about the prevailing tight liquidity conditions within the economy, which is expected to continue in the short to medium term as it significantly slows down consumer purchasing patterns.The diversified agro-industrial concern recently reported a mixed volumes performance across its subsidiaries for the third quarter ended June 30, 2025 as spending…
ZIMBABWE’S cement consumption per capita remains well below that of its regional peers, marking clear signs of untapped potential in the domestic market, PPC Zimbabwe (PPC) has noted.This comes as the country’s economy is expected to grow by six percent this year, making it one of the fastest growing economies in the region, outpacing South…
WILLDALE Limited (Willdale) plans to allocate profits from its lucrative property investments to strengthen its primary operations, which are currently experiencing working capital constraints.The brick manufacturer has previously announced that it was facing severe cash flow challenges due to weak profit margins from reduced selling prices attributed to intensified market competition, particularly in the common…
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