‘Shift tax system towards VAT’

Omega Ukama News Editor ZIMBABWE should overhaul its tax system by placing greater emphasis on value-added tax (VAT) and reducing its reliance on traditional taxes, the Institute of Chartered Accountants of Zim­babwe (ICAZ) has said. ICAZ chief executive William Mandisodza made the proposal in Harare yesterday during the Daily News 2026 Mid-Term National Budget Business…

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Reinsurance drives Zimre earnings growth

Prisca Tshuma ZIMRE Holdings posted a five per­cent increase in profit to US$8,1 mil­lion for the five months to May 2026, driven by higher insurance revenue and a strong recovery in its non-insur­ance businesses. Speaking at the group’s annual gen­eral meeting, chief executive Stanley Kudenga said the reinsurance business remained the group’s biggest earn­ings contributor,…

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Nedbank’s Africa digital banking surges

Kudzanai Gerede Companies and Markets Editor NEDBANK Group says digital transformation efforts are bearing fruit after digitally active clients in its Africa Re­gions portfolio, Zimbabwe included, surged to 72 percent in the six months ended June 30, 2026, from 69 percent a year earlier. The South African-based bank operates in several south­ern African markets such…

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Zimcodd demands government action on audit findings

Shamaine Chirimujiri THE Zimbabwe Coalition on Debt and Development (Zimcodd) has raised the alarm over alleged finan­cial mismanagement in government institutions, warning that weak accountability is depriving citizens of essential public services. The civic organisation’s concerns follow the release of the 2025 Auditor-General’s Report, which revealed that only a third of audited public entities received…

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