“Maybe I’ll have to leave the country.”— President Donald Trump pondered his future plans if he were to lose to Joe Biden during a campaign rally in Georgia. The upcoming US presidential election set for November 3, this year is indeed a major theme for global markets. American voters will have to decide whether Trump…
IN June 2020, an open letter was publishedcalling on the UK’s film and TV industry to “tackle structural and systemic racism” in broadcasting and film-making. Among the things the letter asked for was black and brown independent producers to be empowered and for the lack of diversity on productions to be constantly challenged. Tinge Krishnan…
MAX Verstappen and Lance Stroll escaped punishment following an investigation into a crash during practice at the Portuguese Grand Prix. The pair collided as Verstappen tried to overtake Stroll after they had raced down the pit straight. Stewards called both drivers to give evidence and ruled that neither was “wholly or predominantly at fault”. Mercedes’…
FOREIGN sell-offs on the Zimbabwe Stock Exchange (ZSE) have intensified over the past four months reaching a record $3,8 billion in September, official data shows. Due to Harare’s “chronic policy inconsistency,” investor flight has plagued the ZSE for almost half a decade now, but starting in June — when government introduced a currency auction system…
AGRICULTURE minister, Anxious Masuka says the new land bank, which is expected to provide cheaper financing to farmers will open its doors by the first quarter next year, in time for the winter farming season. Responding to questions from legislators in Parliament last week about agriculture finance and the country’s land tenure system Masuka, said…
AFRICAN funerals are large-scale and can require a significant amount of cash resources – Zimbabwe is no exception.
BUSINESS is pushing for changes to Treasury’s two percent Intermediated Money Transfer Tax (IMTT), to allow companies to classify the unpopular transaction levy as a deductible expense. The government introduced the much-debated levy in 2018, primarily to bring the informal sector into the tax system — with the Zimbabwe National Chamber of Commerce (ZNCC) arguing…
The country’s crime-busting agencies are seriously under-resourced and incapacitated to deal with corruption, Finance minister Mthuli Ncube has acknowledged. This comes as the country has been struggling to decisively deal with the corruption scourge, amid revelations by the Zimbabwe Anti-Corruption Commission (Zacc) that it had early this year identified assets worth over US$7 billion stashed…
CASH shortages are set to persist despite the Reserve Bank of Zimbabwe (RBZ)’s plan to double the amount of physical notes in circulation to $3 billion, analysts have said. This comes after the Financial Gazette reported that the RBZ is set to print a new $50 note as inflation-659 percent as of September sparks demand…
THE National Railways of Zimbabwe (NRZ) says under capitalisation and government neglect is hampering efforts to revive the railway. NRZ board chairman, Martin Dinha said the revival of the national railway was key to the country’s development. “As the major shareholder of NRZ, the government should play a significant role in the revival of the…
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