THE ministry of Finance has moved to clarify the application of the recently introduced Digital Services Withholding Tax, directing the Zimbabwe Revenue Authority (Zimra) to align implementation with the original policy intent and avert potential double taxation. This comes after the government introduced a 15 percent levy on payments made to foreign-based digital platforms, effective…
By Godfrey Nyoni CYBERATTACKS are no longer a distant threat or something that only happens to large countries or multinational companies. In today’s digital world, it is no longer a question of if an organisation will be attacked, but when. As Zimbabwe continues to digitise banking, mobile money, education systems, government services, and everyday business…
MUTAPA Investment Fund (MIF) has the capacity to unlock fresh capital to resuscitate struggling entities under its ambit, leveraging its US$14,9 billion asset base, experts have said. The country’s sovereign wealth fund manages a portfolio of 30 companies, adding up to approximately 70, including associates and subsidiaries. In its inaugural annual report for 2024, released…
THE Reserve Bank of Zimbabwe (RBZ) says it is shifting from a tight to a prudent monetary policy stance to consolidate recent economic gains. The central bank governor, John Mushayavanhu, said a tight monetary policy stance served the country well in taming inflation and setting the economy on a course to sustained price stability. “Going…
AS ZIMBABWE turns the page to 2026, the prevailing sentiment among the nation’s economic watchers is one of ‘cautious optimism’. It is a phrase that has become a staple of our national discourse, yet this year, it carries a different weight. The uneven gains of 2025 have provided us with a baseline of stability. The…
The Democratic Republic of Congo and Zambia are reaping the benefits of a historic surge in global copper prices, providing both nations with a rare economic windfall. Copper, a cornerstone…
Major African cities that serve as commercial hubs, such as Lagos, Nairobi, Johannesburg, Cairo, and Accra, are significantly impacted by a low rent index at the beginning of any fiscal…
Rand strength and soaring metal prices have bolstered the capitalisation of South Africa’s benchmark equity index on the JSE to the highest since 2019. The value of shares listed on…
South Africa eased antitrust rules to allow competitors in industries hit by high power costs to cooperate on negotiating cheaper power supply in a bid to prevent their total collapse,…
The Australian Open will offer a record prize pot of £55m at this year’s tournament – but players are said to be “disappointed” it does not represent a greater share…
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