By Marvelous Tapera THE introduction of new tax provisions under the Finance Act (No. 2 of 2024) marks a significant shift in the way Zimbabwe handles the taxation of its growing betting industry. The provisions, which impose taxes on both bookmakers and betting punters, reflect a broader trend of governments worldwide increasing their focus on…
NOT only do bucket shops use artificial intelligence (AI) to create fake videos of well-known personalities to advertise their scams and lie about very clever AI algorithms that can earn…
WILLDALE is optimistic about securing funding for the upgrade of its production plant, aimed at enhancing its competitiveness, particularly in the common brick market.The firm, however, did not indicate how much it seeks to raise from financiers to complete the upgrades needed to modernize its operations.The brick-making industry is also battling “unfair” competition from unregulated…
KAVANGO Resources plans to raise £6,56 million (US$8,17 million) through the issuance of 93,02 million new shares at £0,007 each, with a focus on its projects in Botswana’s Kalahari Copper Belt (KCB) and the Hillside and Nara projects in Zimbabwe.The company is actively developing key projects in Botswana, particularly the KCB, where it has commenced…
UNIFREIGHT Africa expects its Fourth-Party Logistics (4PL) division to drive business growth in the short-term.The chief executive, Richard Clarke, cited improved fleet management, cross-border operations, and the expansion of its 4PL unit as key drivers.“Looking ahead, Unifreight Africa is well-positioned to deliver commendable end-of-year results, supported by continued growth in cross-border operations and increased contributions…
AT&T Pebble Beach Pro-Am final-round leaderboard -21 Rory McIlroy (NI); -19 Shane Lowry (Ire); -18 Lucas Glover (US), J Rose (Eng); -17 R Henley (US), C Davis (Aus), -16 T Kim (Kor), S Straka (Aut) Selected others: -15 S Scheffler (US);-11 C…
STARAFRICA Corporation (StarAfrica) says the value of its property, plant, and equipment (PPE) increased by 103 percent to ZiG264,71 million for the six-months to September 30, 2024 from ZiG130,4 million as of March 31, 2024 reflecting its strategic focus on enhancing its operational infrastructure.The increase in PPE was largely driven by a revaluation surplus of…
CBZ Holdings says it has completed a restructuring exercise aimed at improving efficiency and ensuring long-term sustainability, impacting 347 staff roles out of a total workforce of 1 448. The financial services behemoth owns subsidiaries in banking, insurance, investments, wealth management, mortgages, retail finance and property. “This initiative has been a key component of our…
THE World Bank says inflation in Zimbabwe is expected to moderate to 10 percent in 2025 due to the strengthening of the monetary stance. The Bretton Woods institution said high inflation and rapid exchange rate depreciation have historically constrained economic growth and reduced the competitiveness of local firms. The World Bank said over the medium…
It’s the biggest night in music, and the biggest prize is album of the year – and this time around all eyes will be on Beyonce to see if she’ll…
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