CAAZ targets cheaper flights

ZIMBABWE is preparing to liberalise its skies in a move expected to drive down airfares and attract new airlines, according to Civil Aviation Authority of Zimbabwe (CAAZ). The shift towards an open skies policy, underpinned by the country’s ratification of the Yamoussoukro Decision and adoption of the Single African Air Transport Market (SAATM), is aimed…

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‘Limit wheat to high production areas’

STAKEHOLDERS in the agriculture sector are urging the government to recalibrate the winter wheat policy by limiting production to high-yield zones to mitigate climate risks and simultaneously unlock production of high-value crops. The nation’s wheat production has seen a surge, with this year’s projections indicating a yield of over 600 000 tonnes this year from…

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Insure public assets – IPEC

Prisca Tshuma Staff Writer THE Insurance and Pensions Commission (IPEC) has urged the Zimbabwean government to insure its assets. According to the regulator, this would reduce the national fiscal burden and significantly boost the country’s insurance penetration rate. Zimbabwe’s insurance penetration rate remained low at two percent in 2024, falling below the global average of…

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TAX MATTERS: Tax liability: Case of substance over form

By Marellous Tapera THE principle of substance over form remains central to determining tax liability, particularly where contractual terms diverge from actual conduct. As economic models, digital transactions and hybrid payment structures continue to evolve, there is often a mismatch between the legal form of agreements and how they are executed in practice.This disparity raises…

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ZB’s green solutions cut energy costs

ZB FINANCIAL Holdings (ZB) says the expanded utilisation of solar in its energy mix has seen significant cost savings in electricity, diesel, and petrol consumption.This dovetails with its ongoing push for sustainability and operational efficiency at a time when clean, sustainable energy use is gaining traction in the corporate world.Businesses are increasingly recognising the benefits…

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Microloan wave worries RBZ

THE Reserve Bank of Zimbabwe (RBZ) has raised concerns over increasing over-indebtedness among consumers using microfinance institutions.The central bank has warned that consumers borrowing from multiple lenders using the same payslip could jeopardise the financial health of both borrowers and lenders, creating systemic risks for the sector.“The Reserve Bank has noted high levels of over-indebtedness…

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Zimbabwe eyes deeper ties with Poland

ZIMBABWE says it expects to strengthen economic ties with Poland with a mutual commitment to increased trade and investment.Speaking at the Zimbabwe-Polish Chamber of Commerce Business Forum last week, Foreign Affairs permanent secretary, Albert Chimbindi, said trade between the two countries is beginning to show signs of recovery.He said in 2023, Zimbabwe’s exports to Poland…

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