Zimra, Buy Zim launch smuggling blitz

THE Zimbabwe Revenue Authority (Zimra) and Buy Zimbabwe have launched a joint enforcement blitz to curb smuggling and protect local industry from unfair competition. In a joint statement yesterday, Buy Zimbabwe advocacy officer Elvis Masvaure said the collaboration was aimed at protecting local industries and also to safeguard consumers from counterfeit products. “The goal is…

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‘Shareholders should back Econet’s delisting’

ECONET Wireless Zimbabwe’s proposal to delist from the Zimbabwe Stock Exchange (ZSE) should be supported by shareholders as it is in their interests, experts have said. This comes as the proposal has triggered spirited debate among shareholders, policymakers and market analysts. The telecommunications giant believes that its shares are trading at a significant discount to its…

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Government calls for stronger energy cooperation

STRONGER Sadc collaboration is critical to unlocking energy efficiency and strengthening power supply across southern Africa, the government says. Speaking at the Sadc Sustainable Energy Week in Victoria Falls on Tuesday, the minister of Energy, July Moyo, called for strengthened partnerships between member states. “We applaud the progress made to date in unlocking energy efficiency,…

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Zim suspends lithium concentrate, raw mineral exports

ZIMBABWE has suspended all raw mineral and lithium concentrate exports with immediate effect, a move expected to strengthen in-country value addition. In a statement, the Minister of Mines Polite Kambamura said the ban was taken in the national interest to ensure value addition and accountability in the mining sector. He instructed the Zimbabwe Revenue Authority,…

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Understanding domestic minimum top-up tax

By Simbarashe Hamudi AS Zimbabwe navigates its complex economic landscape, the introduction of the Domestic Minimum Top-Up Tax represents a pivotal shift in the country’s taxation framework. This new tax regulation, aimed at large multinational enterprises (MNEs), is designed to ensure that these entities contribute a fair share to the nation’s revenue, ultimately enhancing fiscal…

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