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…
THE United Nations Economic Commission for Africa (Uneca) says the harmonised policy, the legal and regulatory framework for Zambia and Zimbabwe’s proposed Common Agro-Industrial Park (CAIP) is now complete. The proposed park is expected to improve trade between the two countries within the context of the African Continental Free Trade Area (AfCFTA). Benefits of the…
FINANCE minister Mthuli Ncube says the government is waiting for a response from white former commercial farmers, who were displaced during the land reform, on a proposed compensation framework. The government has proposed floating a debt instrument to raise the US$3,5 billion needed to pay off the former farmers for improvements made on the land.…
EFFECTIVE implementation of local content thresholds in the fertiliser, packaging and pharmaceutical sectors needs capacitation of various sub-sectors, a recent government-commissioned study has shown. According to the Development of Local Content Thresholds for Fertiliser, Packaging and Pharmaceutical Sectors draft report submitted to the Industry and Commerce ministry, a number of capacity needs should be addressed…
IN last week’s article, I looked at the circumstances under which a contract might be deemed voidable. In this week’s article, I continue that conversation and expand it by dealing with how you can prove the existence and terms of a verbal contract. Thirdly, a contract can be voided on the basis of mistake. A mistake…
AT LEAST 65,2 percent of the country’s population did not use the internet at the beginning of the year, as the number of users stood at 5,74 million, according to a recent report. According to the global digital insights platform, DataReportal, the 65,2 percent represents 10,75 million people who were offline. “Zimbabwe’s internet penetration rate…
Kylian Mbappe scored a club-record 201st goal for Paris St-Germain in an entertaining 4-2 win over Nantes. He had to wait until the 92nd minute but was clinical as he turned to finish left-footed and go clear of Edinson Cavani at the top of the PSG goal list. The France forward, who turned 24 in…
ZB FINANCIAL Holdings Group (ZBFH) recently launched a new customer service centre in Gweru as it seeks to transform its business operations, amid its bid to acquire StanChart. Our Staff Writer Mishma Chakanyuka (MC) sat down with ZBFH Group chief executive Shepherd Fungura (SF) to discuss these developments and the group’s future plans. Below are…
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