ZIMBABWE used 70,1 million litres of Jet A1 fuel in the first nine months of 2024, marking a 19 percent increase from the 59,07 million litres used during the same period in 2023, according to data from the Zimbabwe Energy Regulatory Authority (Zera).Jet A1 is a type of aviation fuel designed for aircraft equipped with…
ZIMBABWE’s stock markets have got on to a slow start in 2025 with trading activity so far being sluggish due to a combination of sustained liquidity challenges and the general cautiousness by investors. The country’s primary bourse- the Zimbabwe Stock Exchange (ZSE) has been the major loser while the US-dollar denominated Victoria Falls Stock Exchange…
Traders scaled back their bets for South Africa’s interest rate cuts this year, with markets now pricing in only one as they decipher the Federal Reserve’s preference to move slower on rates and US president-elect Donald Trump’s path on tariffs. Forward-rate agreements, used to speculate on borrowing costs, are now pricing in just a single…
THE domestic Air Services Licensing Council requires that all voting rights in domestic airlines must be held by natural persons and not legal entities. This interpretation of the Air Services Licensing Act, voiced in a letter to FlySafair dated 6 January, renders almost all domestic airlines non-compliant and puts their operations at risk, says FlySafair.…
ONE of the country’s leading sugar producers, Triangle Limited, has announced plans to retrench some of its workforce due to economic challenges. This comes as most companies are struggling to operate with Beta Holdings and Khaya Cement recently applying to the Master of the High Court to be placed under voluntary corporate rescue. In a…
THE Reserve Bank of Zimbabwe (RBZ) is at the forefront of efforts to safeguard the financial services sector against the growing threat of cyberattacks and the rising “reliance” on third-party service providers.This come as the global financial landscape continues to evolve and with increasing digitisation and financial innovation, cybersecurity has become a pressing concern for…
Nampak Southern Africa Holdings is still in negotiations with TSL Limited over the sale of Nampak Zimbabwe following the former’s acceptance of a binding offer. Nampak Southern Africa wants to dispose of a 51,43 percent shareholding in Nampak Zimbabwe for US$25 million.“Shareholders and the investing public are urged to continue to exercise caution when dealing…
ZIMBABWE’S transfer pricing rules are contained in sections 98A and 98B of the Income Tax Act (ITA). The rules came into force retrospectively as of January 1, 2014, because of an amendment to Act promulgated in April 2014. The Income Tax Act was further amended, effective January 1, 2016, to clarify the transfer pricing legislation…
IN an era where technology continuously reshapes industries, the field of auditing is undergoing a transformative evolution. Traditional audits, often characterised by their retroactive nature and considerable time lag, are giving way to a more proactive and efficient approach known as predictive auditing. This shift not only enhances the speed and accuracy of audits but…
INNBUCKS MicroBank Limited (Innbucks) posted a significant growth in revenue from customers’ loan payments ― more than doubling its topline while fees and commissions income also fared positively during the year ended June 30, 2024. In its delayed full year results, the group saw its interest income grow by an impressive 960 percent to ZiG96,4…
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