Benchmark tax policies, government urged

ZIMBABWE’s fiscal authorities should benchmark their tax policies against those of regional countries to ensure the domestic economy remains competitive and attractive to investors, tax experts have said. This comes as the Treasury has been widely criticised for its recent slew of novel taxes covering digital services, sugar content in beverages and fast foods, among…

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‘Dodgers constrain growth, services’

LOW tax compliance in the country is depriving the fiscus of billions of US dollars every year, hampering economic growth and weakening the government’s ability to provide key public services, experts say. Speaking in Harare last week, at the annual tax review meeting, which is organised by The Financial Gazette — the country’s number one…

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Power cuts stifle Mimosa

MIMOSA Mining Company (Mimosa)’s 2025 production slipped 4,6 percent year-on-year to 117 019 4E ounces due to worsening power outages that resulted in concentrator downtime, its parent company Sibanye-Stillwater has said. 4E platinum group metals refer to the combined basket of four precious metals: platinum, palladium, rhodium and gold. The Zvishavane -based miner is owned…

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Chiwenga urges decisive renewable energy investment

VICE President Constantino Chiwenga has challenged Southern African nations to scale up renewable energy investments to eliminate the region’s debilitating perennial power deficits. Officially opening the Sadc Sustainable Energy Week conference in Victoria Falls yesterday, Chiwenga highlighted the urgent need for solutions to curb power deficits. “At the regional level, Sadc with over 340 million…

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Boutique hotels gain traction

BOUTIQUE hotels have emerged as key drivers of growth in Zimbabwe’s hospitality industry, complementing traditional big players, mainly in tourist hotspots such as Victoria Falls and Nyanga. This comes as the industry has recorded tremendous growth in the post-Covid-19 pandemic era, which almost brought the entire sector to its knees. In Victoria Falls, for instance,…

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Cafca to commission 1,1MW solar plant

CABLE manufacturer CAFCA is expecting to commission its 1,1-megawatt solar plant soon as it moves to rein in rising energy costs and support production. In an interview on the sidelines of the company’s annual general meeting last week, chief executive Vimbayi Nyakudya said the solar system is expected to go live anytime this week. He…

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NSSA focuses on ‘balance’

THE National Social Security Authority (NSSA) says it is balancing its investments between preserving value and maintaining liquidity to protect its contributors. The Authority has faced significant challenges in collecting contributions, which have directly undermined its ability to provide inflation-adjusted and sustainable benefits to pensioners. The challenges stem from economic instability, low compliance rates and…

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RBZ to deliver 2026 MPS tomorrow

THE Reserve Bank of Zimbabwe governor, John Mushayavanhu, will tomorrow present the 2026 Monetary Policy Statement amid significant macroeconomic shifts and a historic drop in inflation. The statement comes at a critical juncture for the southern African nation. For the first time since 1997, annual local-currency inflation has dropped into single digits, recording 4,1 percent in…

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