FIRST Mutual Properties (FMP) says the property sector continues to be constrained by limited mortgage financing, despite notable growth in selected urban areas — primarily driven by private capital recycling and diaspora-led investments.Zimbabwe’s property market is characterised by a dominance of cash buyers, with only a small percentage of transactions being mortgage-based, largely due to…
DAIRIBORD Holdings (Dairibord) has deferred the interim dividend payout to its shareholders for the half year ending June 30, 2025, to allocate funds towards capital expenditure for equipment upgrades.The group, however, did not disclose the total cost of the ongoing capital expenditure programme.This comes after the dairy products manufacturer posted a profit of US$1,2 million…
ZIMBABWE should review its informal sector taxation system by moving away from the current presumptive tax in favour of a turnover-based tax and instalment payment options, according to the World Bank.Speaking at the Zimbabwe Economic Development Conference, World Bank economic consultant, Abel Gwaindepi, noted that presumptive tax, introduced in 2005, has had limited success in…
THE Zimbabwe Revenue Authority (Zimra) is stepping up its efforts to enforce tax laws on e-commerce services provided by foreign companies.This comes as Zimbabwe’s “gig economy” has grown rapidly, particularly with the rise of app-based services like e-hailing and accommodation platforms.In 2021, Zimbabwe enacted legislation that imposes a five percent income tax on e-commerce services…
INVESTORS should snap up agro-stocks that sit high up the value chain and directly feed into consumer spend as weather shocks pose risks to agricultural commodity-producing counters, equities experts have said.This comes as investors’ interest in agricultural stocks on the Zimbabwe Stock Exchange (ZSE) has been lacklustre.Stocks in the food and agriculture sector index underperformed…
ARCADIA Technology Zimbabwe (ATZ) is set to commission its US$400 million lithium sulphate plant — currently under construction — in the first quarter of next year ahead of an impending ban on lithium concentrate exports.In June this year, government announced a ban on the export of lithium concentrates, effective from January 2027, to promote local…
KAVANGO Resources says pre-licence exploration expenses jumped to US$4,82 million in the six months to June 30, 2025 up from US$1,06 million a year earlier as it aggressively pushes to secure new Zimbabwean gold assets.The miner holds options on multiple Zimbabwean licences, including the Nara, Leopard and Hillside projects.“The group incurs option fees to gain…
PPC Zimbabwe’s cement sales increased by 22 percent year-on-year during the four months ended July 31, 2025, driven by strong consumer demand and the positive impact of the 30 percent tariff on imported cement introduced in May.The strong revenue performance enabled the company to pay US$20 million in dividends to its parent company, PPC Limited…
THE energy sector emerged as the industry with the highest projected investment value, reaching US$4,65 million between January and August 2025, latest figures show.According to the Zimbabwe Investment and Development Agency (ZIDA), mining was the sector with the highest number of licences issued during the period, with 275, valued at US$2,17 million.Speaking at the agency’s…
FIDELITY Life Assurance (FLA) has begun to transfer shareholder assets to policyholders in line with the regulatory asset separation exercise.In July this year, the company indicated that the asset separation implementation plan had been approved by the regulator, the Insurance and Pensions Commission (IPEC), based on submissions that underwent thorough actuarial review and independent assessments…
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