IN various investment transactions, parties often decide to use companies created for the specific purpose of facilitating implementation of the agreed terms. These companies are referred to as special purpose vehicles (SPVs). They offer dexterity to the parties and come with numerous advantages, for instance, they can be used in financing and off-balance sheet transactions.…
ZIMBABWE’S market research fraternity has come together to form an association, which is set to be launched next month. To learn more about the plans, Our Deputy News Editor, Omega…
THE Zimbabwe Stock Exchange (ZSE) last week dipped below its lowest level this year as the market’s losses persisted. The benchmark All Share Index saw its first year-to-date loss since 2022 on Thursday when it closed at 10 727,53 points, down from its January opening level of 10 997,06 points. The market’s losing streak stretched…
LISTED property firms with a strong presence in residential assets and building materials say the sector is expected to register a “steady growth” during the fourth quarter of the year.
THE enactment of SI 33 and 142 in 2019 provoked a whirlwind of tax controversy in the arena of payment of income tax in foreign currency. This is notwithstanding existing laws providing for payment of income tax in foreign currency on foreign currency trading since 2009. Where taxable income is earned, received or accrued in…
BUSINESS is escalating its bid to persuade authorities to review a number of economic policies, including the foreign currency retention quota, to incentivise the productive sector and boost the country’s exports. This comes as exporters are currently required to liquidate at least 40 percent of their total foreign currency receipts at the official bank rate,…
NATIONAL Building Society (NBS) says the long outstanding Dzivarasekwa housing project will be completed next month, while the Tynwald cluster development is set to be completed by December this year. The two projects are set to deliver a combined 620 housing units by year end as the institution continues its aggressive drive to deliver innovative…
A NEW Insurance and Pensions Commission (Ipec) report shows that prescribed asset investment compliance remains low among pension funds, with only 16 of 615 active occupational funds meeting the minimum regulatory threshold of 20 percent of total assets. Industry players say that inflation is the main impediment to compliance as they focus on preserving value…
ZIMBABWE is targeting to produce 250 million kg of tobacco next season, up from 207 million kg realised this year. The country has a long-term target of achieving annual production of the golden leaf of 300 million kg by 2025. “Indications are that 96 percent of the crop will be grown under contract,” Agriculture permanent…
DELTA Corporation (Delta) says it is using internal resources to fund the production of raw materials by local farmers. The company runs farming schemes for the production of brewing cereals ― barley, sorghum and maize ― and supports farmers with inputs, skills, infrastructure and funding. “How are we funding agriculture? Straight from our pocket to…
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