ZIMBABWE’S trade with its neighbour and biggest trading partner, South Africa, has improved considerably despite the hard lockdowns, which restricted movement of people between the two countries. Latest data show that Zimbabwe’s exports to South Africa increased from US$114 million recorded in February to US$140 million the following month — representing a 22,8 percent jump.…
LEADING players in the tobacco industry have implored the government to improve payment modalities for farmers to curb side marketing. While authorities have put in place a raft of measures to curb the practice, some of the produce is still finding its way onto the parallel market — with the Tobacco Industry Marketing Board…
BORDER Timbers’ lumber production was lower during the months to March 31, 2021, as a result of disruptions in production and logistical bottlenecks caused by the Covid-19 pandemic, the firm said. Production declined by 26 percent to 39 236 cubic metres (m3) during the period. The timber milling and manufacturing company, however, reported a pre-tax…
THE government says it will offer credit guarantees to farmers who hold 99-year leases and also rope in pension funds to help improve access to financing and in turn boost agricultural productivity. Though the country is this year anticipating a bumper harvest on account of improved rainfall, it has over the years struggled to produce…
STATE-owned fixed line operator, TelOne, says it requires capitalisation of at least US$125 million over the next five years to upgrade its network and be more competitive. According to a report submitted to Parliament and the ministry of ICT by TelOne, the current equipment has become obsolete and is in urgent need of replacement. “The…
THE business of drafting agreements is better left to lawyers who are experts in this. I state this with boldness because of some atrocious agreements of sale that I have seen being prepared by some not so confident self-actors. Some people think that because they signed a contract before and familiarised with its contents, then…
STOCKS at state drug procurer, the National Pharmaceutical Company (NatPharm), have gone up due to improvements in local production, the government says. This comes after NatPharm earlier this year announced that it was now prioritising procurement from local medicine manufacturing companies to avoid unnecessary imports. “In terms of materials production, the Cabinet advises that there…
ZIMBABWE’S exports were up by 35,5 percent to US$461,8 million in March from US$340,8 million in February, official data shows. This was 69,7 percent higher compared to an outturn of US$272,1 million last March, when Covid-19 hit the country’s shores. Exports hit a five-year low of US$200,5 million in April 2020, as restrictions put in…
THE Zimbabwe Revenue Authority (Zimra) should refine its e-service system to ensure that it can support the high number of taxpayers who access it, the Institute of Chartered Accountants of Zimbabwe (ICAZ) has said. The platform, which allows taxpayers to access some Zimra services online, was launched in 2015 and has been under continuous refinement…
THE Chamber of Mines Zimbabwe (CoMZ) hosts its annual mining conference soon and says the sector expects a rebound in the second half of the year on the back of expected improvements in the Covid-19 situation, improved availability of electricity and foreign currency. CoMZ is seeking to revive engagement with international financiers through joint roadshows…
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