LISTED agricultural concern Ariston Holdings (Ariston) plans to install a solar system at one of its tea plantations, Southdown Estate, to cope with Zimbabwe’s current power shortages. The country has been experiencing erratic power challenges since last year, with power cuts of up to 19 hours per day, which has adversely affected businesses that have…
A ZIMBABWE Anti-corruption Commission (ZACC) officer Smart Mandofa who was arrested last week for abuse of office has been granted a ZWL100 000 by a Harare magistrate.
REGIONAL retailer Choppies says cost constraints were only partially relieved by increased prices for the six months ended December 31, 2022. Choppies is the largest retailer in southern Africa outside of South Africa, with over 161 stores across Botswana, Zimbabwe, Zambia and Namibia and eight distribution centres. “The group faced a demanding economic environment characterised…
CBZ Holdings (CBZ) says it is negotiating with international banks to secure financing for farmers in Zimbabwe. The country’s biggest financial services group already has significant exposure to the agricultural sector through its involvement in Command Agriculture and other government-driven agricultural funding schemes. “So, you recall that, or you are aware that we play a…
ZIMBABWE’S milk production was up by 10,13 percent to 8,14 million litres this January, the latest figures from the Agriculture ministry’s Dairy Services Department show. In the same period last year, the country’s milk production stood at 7,39 million litres. This year’s January milk output, however, was down by a negligible 0,02 percent compared to…
MINERS say Zimbabwe’s high royalty fees will impact negatively on the country’s quest to create a US$12 billion mining industry by the end of this year. This comes as Zimbabwe’s mining royalty charges, at up to 10 percent, are among the highest in the world. In neighbouring South Africa, for comparative purposes, mining royalty rates…
TANGANDA Tea Company (Tanganda) says it has invested extensively towards increasing the economic value of its major crops to mitigate its exposure to price volatility in primary agricultural markets. In a recent interview with The Financial Gazette, Timothy Fennell, Tanganda’s chief executive, said increased value addition would be a key long-term strategy for the company.…
LOW-cost airline, fastjet Zimbabwe, says it will continue to grow domestic flights to cater for increasing local travel demand. This comes as the airline is this month set to introduce flights to Kariba and Hwange National Park. “With the demand that we would see, we will continue to do our due diligence and monitor activity……
THE Institute of Chartered Accountants of Zimbabwe (Icaz) has urged the government to tax the informal sector to avoid overtaxing the formal sector. Zimbabwe is regarded as having one of the world’s most informalised economies, with estimates placing the grey economy at more than half of the country’s GDP. “As business, we would like to…
BUSINESS says it has had to contend with the growing costs of complying with Zimbabwe’s constantly changing tax laws. Speaking at The Financial Gazette’s annual tax indaba in Harare last week, Old Mutual Zimbabwe group finance manager, Lucia Chipungu, said the recent adjustment of Value Added Tax (Vat) to 15 percent from 14,5 percent, for…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More