THE Zimbabwe Revenue Authority (Zimra) is carrying out risk-based audits with assistance from tax inspectors, as well as intensifying intelligence gathering on business activities to plug revenue leakages. In a statement accompanying the tax collector’s second quarter performance this week, Zimra vice board chairperson, Josephine Matambo, said there was a deliberate effort to implement various…
THE scourge of Covid 19 has forced businesses to find new and effective ways of working. With ever-tightening lockdown regulations being enunciated by government, employers need to find a way to work round the negative effects of the pandemic while remaining productive. The most common adaptation that commerce has had to employ is working from…
CONSUMER discretionary stocks were the best performing cluster on the Zimbabwe Stock Exchange (ZSE) during the second quarter of 2021, with aggregate returns of 60 percent, compared to 38 percent for the All-Share Index. The bunch is made up of companies that provide non-essential services and products such as Edgars, Truworths and Simbisa Brands. During…
THERE could be a silver lining to the devastating riots which recently pummelled South Africa (SA) if this spurs the local manufacturing sector and chips away at Zimbabwe’s high dependence on the neighbouring country, experts say. This comes as SA, the regional economic powerhouse and Zimbabwe’s biggest trading partner, continues to reel from the horrific…
INSURANCE and pension companies face closure if they fall foul of a new industry framework meant to protect customers and end unfair practices. According to the industry regulator, the Insurance and Pensions Commission (Ipec), firms which receive more than 50 valid complaints from customers would be shut down under the Treating Customers Fairly Framework, which…
AUDITOR-General (AG) Mildred Chiri says the resurgent spike in Covid 19 cases has hamstrung her office’s operations. For most of the year, government departments operated at 40 percent staffing levels in line with level four lockdown measures instituted by authorities to contain the deadly respiratory disease. Chiri told the Parliamentary committee on Public Accounts Monday…
THE government says it will open up more space to private capital as it bids to build on the momentum from the 2020/21 agriculture season and register another surplus in the coming summer cropping period. This comes after Zimbabwe produced more than 3 million tonnes of cereals during the 2020/21 season, giving a surplus of…
PADENGA Holdings (Padenga) lost 47 percent in early trades on the Victoria Falls Stock Exchange (VFEX), to close Tuesday at US$0,19. Shares of the crocodile skins processor started trading on the recently launched exchange last Monday at US$0,36 after it migrated from the ZWL$-denominated Zimbabwe Stock Exchange, a move management hopes will improve the company’s…
Giannis Antetokounmpo scored 50 points as the Milwaukee Bucks claimed their first NBA title for 50 years with a 105-98 victory over the Phoenix Suns. The Bucks’ 4-2 series win was sealed in front of a 17,000 crowd as 65,000 celebrated outside the Fiserv Forum. They are only the fifth team to win the best-of-seven…
ZIMBABWE is still fine-tuning its tariff offer framework for member states of the African Continent Free Trade Area (AfCFTA). This is despite the fact that Zimbabwe ratified the treaty in May 2019, becoming one of the earliest countries to embrace the deal as the government continues to search for new entry opportunities for local companies…
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