Credit ratings as a governance compass

BY EPHRAIM CHAWONEKA IN today’s dynamic business landscape, where risks are ever-present, credit rating reports have evolved into essential tools for understanding a company’s financial health and governance. In addition to the creditworthiness assessment, the reports offer more deeply into a company’s operational resilience, risk factors, and overall governance. For corporate boards and institutional investors,…

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Understanding fringe benefits and VAT

FRINGE benefits are non-cash compensations or advantages provided by employers to their employees in addition to regular salaries or wages. These benefits play a significant role in enhancing employee morale, loyalty, and overall productivity. However, in Zimbabwe, the provision of fringe benefits triggers Value Added Tax (VAT) implications, particularly under VAT Act. This section ensures…

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South Africa pushes rule review that would ease Starlink entry

South Africa is prioritising a policy-review process that may result in Elon Musk’s SpaceX and other satellite-internet companies being allowed to operate in Africa’s largest economy without ceding ownership, the nation’s telecoms minister said. The Department of Communications and Digital Technologies is assessing 19 000 public submissions on a proposal to amend the nation’s Black-economic…

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Eskom may face competition authorities

Eskom may have to face the competition authorities after it issued an invitation to large power users to enter into long-term power purchase agreements (PPAs) to buy solar energy to be generated at its old power stations. The Request for Proposals (RFPs) is seen as an effort by the utility to confront the perceived threat…

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