ONE interesting discussion topic at the Zimbabwe Association of Pension Funds (ZAPF) Conference held last month was on the implications of poor macro-economic performance on the pensions industry in Zimbabwe. The paper was presented by Prosper Chitambara, a development economist with the Labour and Economic Research Institute of Zimbabwe. The key take-away was that the…
Zimbabwe introduced transfer pricing legislation on January 1, 2014 that is meant to forestall transfer pricing in transactions involving associates. These complement the “old rules”, i.e. section 23 and 24 of the Act. Unlike the old rules, which are meant to address transfer pricing issues in transactions involving non-residents, the new rules are both domestically…
THE recently decided case of Mbatha v Zizhou & Anor HH 675/21 is what some would refer to as a Rubicon moment. It presents a new frontier for the protection of employees’ rights within the workplace, particularly as it pertains to sexual harassment. A common misconception is that sexual harassment has to have taken place…
FIRST Mutual Wealth (FMW) says the government must come up with policies that encourage tax compliance, at a time the country is losing millions through tax evasions. In a recent 2022 national budget review statement, FMW said that informalisation and lack of tax compliant entities was piling pressure on formal enterprises. “Policies that ease and…
SILVERBACK Asset Management company recently launched an innovative ‘cattle bank’ project — Mombe Mari Unit Trust — with partners Fabwell Farming which seeks to contribute towards re-building Zimbabwe’s cattle industry…
THE government plans to recapitalise and resuscitate Lancashire Steel in a bid to stimulate industrial expansion in the economy, Finance minister Mthuli Ncube has said. The company ceased operations about a decade ago following the closure of its major raw supplier, the Zimbabwe Iron and Steel Company (Ziscosteel), in 2008. “Government will continue work with…
THE state trade development and promotion body, ZimTrade, says value added exports grew by 28 percent from US$221 million in 2020 to US$283 million in 2021 driven by, among other sectors, clothing and textile. In an export report for the period between January to August 2021 produced by ZimTrade, total exports stood at US$3,75 billion,…
THE government says it will increase its targeted production of drought-resistant crops such as cotton and sunflower as part of measures to mitigate the impact of climate change. Zimbabwe has been experiencing frequent droughts due to climate change, which has negatively impacted on agricultural output. “Following submissions from the minister of Lands, Agriculture, Fisheries, Water…
DELTA Corporation’s half year volume growth mirrored the prevailing trend in the local consumer sector, which has seen consumers trading upwards given recovering liquidity ― albeit from a low base, equity research firm IH Securities has said. The beverages maker recently reported an average volume growth of over 64 percent across all its major units.…
ZIMBABWE Stock Exchange-listed engineering company, Zeco Holdings (Zeco), says it recorded a 30 percent growth in business volumes during the quarter ended September 30, 2021, driven by the recent infrastructure boom in Zimbabwe. The company has not made a profit since 2009, amid subdued infrastructure development. “The company experienced a slight increase in business volumes…
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