LAFARGE Cement Zimbabwe (Lafarge) expects production to double this last quarter of the year as the cement manufacturer ties up its US$25 million capital expansion programme that commenced two years ago. Following the successful installation of alternative power infrastructure in 2020 and the successful completion of the automated dry mortars (DMO) plant in 2021, the…
FOR some, life can be viewed as a race for accumulation. Accumulation of accolades, achievements and wealth. When wealth has been amassed, however, attention naturally turns to how to preserve that wealth, most times for posterity. Last week I addressed how trusts can be utilised as effective asset management tools. In this installment, I take…
AGRICULTURE minister Anxious Masuka says the government is looking forward to the findings of the 2022 Agriculture Sector Survey, which will be released this month.
THE International Accounting Standard Board recently issued the International Financial Reporting Standards (IFRS) 17, titled “Accounting for Insurance Contracts”, which the insurance sector must adopt by January 1, 2023 although early adoption is permitted. As this date draws near, the hype is developing about the adoption of the standard within insurance circles, but not so…
THE Covid-19 pandemic, which caused a global health crisis, has also resulted in a significant entrepreneurial drive in Zimbabwe, a survey by the Contact Centre Association of Zimbabwe (CCAZ) shows. According to the survey, the pandemic saw a boom in the healthcare, agri-business, hospitality and cleaning services sectors. “The Covid-19 era opened an entrepreneurship drive…
PAN African financial institution Ecobank says it is finalising a US$20 million facility for local exporters. This comes as total exports in 2022 stand at around US$3,3 billion as of July 2022, according to official figures, and are expected to reach the 2023 target of US $7 billion in 2022. Export figures for 2021 were…
SEED CO International’s (Seed Co) stock is now trading at a 90 percent premium on the Victoria Falls Stock Exchange (VFEX), relative to the Botswana Stock Exchange (BSE), amid a bull run on the former. The pan-African seed processor has its primary listing on the BSE, and was the first counter on the VFEX when…
SIMBISA Brands (Simbisa) says the migration of its listings from the Zimbabwe Stock Exchange (ZSE) to the Victoria Falls Stock Exchange (VFEX) will be completed on December 2, 2022. The move, which was initially announced at the end of September is, however, subject to shareholder and regulatory approvals. Shareholders of the quick-service restaurant operator will…
NEDBANK Group (Nedbank) says the conversion of its shares to depository receipts on the Victoria Falls Stock Exchange (VFEX), which individual stockholders can elect to do before November 11, will shorten trade settlement by six days, among other benefits. The financial services group announced Friday that the option was open to shareholders “who are interested…
INPUT VAT should be claimed within the tax period by a registered operator who is required to furnish a return, but not longer than 12 months from that date. The law further grants the Commissioner discretionary power to either accept or decline a tax invoice that would have been submitted after the 12 months prescribed…
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