Page 540 – The Financial Gazette

Government targets year-end for e-cadastre launch

Treasury to review incentives

Edgars banks on stable supply chains

ECONOMIC & MARKET INTELLIGENCE: Big data and data sharing in insurance sector

Batanai MatsikaOctober 17, 202101.3K views

ONE of the discussion topics at the 43rd Organisation of Eastern and Southern Africa Insurers (OESAI) conference that was held from August 21-25, 2021 in Mombasa, Kenya was titled, “Leveraging Big Data and Data Sharing: Managing and Enhancing Stakeholder experiences in Insurance markets”. The paper was presented by Tendai Karonga, Insurance Council of Zimbabwe (ICZ)…

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TAX MATTERS: Transfer pricing comparability analysis

Marvelous TaperaOctober 17, 20210708 views

TRANSFER pricing is based on comparable analysis of profits of an associated party in a controlled relationship with those of uncontrolled taxpayers to determine whether they have been made at arm’s length dealings. A controlled transaction meets the arm’s length standard if the results or conditions of the transaction are consistent with those found, made…

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Fidelity eyes regional markets

Paul Nyakazeya, Group Digital EditorOctober 17, 20210939 views

FIDELITY Life Assurance of Zimbabwe (Fidelity) is planning to expand into the region to position itself for “real growth.” In a statement accompanying the group’s results for the six months to June 30, 2021 published last week, former group chief executive Reuben Java said Fidelity is adopting a strategy to widen its footprint in the…

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Murowa’s gem production dips

Emmerson Njanjamangezi, Group Features EditorOctober 17, 20210782 views

RIOZIM’s associate Murowa’s diamond production declined by four percent to 240 000 carats during the half-year ended June 30, 2021. Group chairman Saleem Beebeejaun said the decline was a result of the lower-grade ore processed from the K2 pit throughout the period after migration of mining activities from the depleted high-grade K1 pit. “Despite the…

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BAT stock rebounds in Q3

Omega UkamaOctober 16, 20210660 views

A REVIEW of the Zimbabwe Stock Exchange (ZSE)’s Top 10 Index constituents at the end of September saw British American Tobacco (BAT) reclaiming its spot among the heavyweights, on the back of a 121 percent gain during the third quarter. The tobacco processor had fallen out of the list of the largest companies on the…

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Business, government chiefs unite over economy

Farai Mabeza, Senior Staff WriterOctober 14, 20210664 views

DESPERATE to maintain the counatry’s relative economic stability of the past year, government and business are escalating their collaboration to stop things going off the rails completely in the wake of the recent market shocks. Of particular concern to both authorities and business is the widening gap between the official and parallel market foreign currency…

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RBZ makes strides on legacy debts

Emmerson Njanjamangezi, Group Features EditorOctober 14, 20210864 views

THE Reserve Bank of Zimbabwe (RBZ) is making strides in honouring legacy debts as firms on the local bourse continue to report payments and commitments for settlements. Between 2015 and 2019, a number of companies could not remit payments to foreign suppliers and shareholders due to foreign currency scarcity in the country. After the introduction…

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Connectivity costs weigh on ISPs

Freedom Mashava, Visuals EditorOctober 14, 20210803 views

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says the high cost of international Internet connectivity has remained a challenge for domestic service providers, piling on to the myriad challenges faced by the sector. In a report of the sector’s performance during the second quarter of 2021, which was published this week, Potraz director-general…

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NHS seeks US$5mln to equip Namibia dry port

Farai Mabeza, Senior Staff WriterOctober 14, 20210821 views

THE National Handling Services (NHS) is in the market for US$5 million to equip its dry port in Walvis Bay, Namibia. This follows a US$1 million investment by NHS into the facility since it assumed authority at the port in July 2019. “We have invested … in the facility since we took over and we…

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New payment system to save AfCFTA US$5 billion

Farai Mabeza, Senior Staff WriterOctober 14, 20210687 views

NEW payment system that allows the use of domestic currencies within the African Free Continental Free Trade Area (AfCFTA) could save the bloc US$5 billion in conversion costs, an official has said. AfCTA secretary-general Wamkele Mene told the media in Harare last week that the new system is being piloted in Gambia, Ghana, Nigeria, Guinea,…

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