THE implementation of International Public Sector Accounting Standards (IPSAS) across local authorities is beginning to strengthen financial reporting, with councils submitting outstanding accounts and reducing the backlog of audits, a new audit report shows. The progress is a welcome relief for the country’s public sector, which has for years been weighed down by delayed financial…
BUSINESSMAN Simon Rudland’s Orange Ville Trading Limited is hoping to raise its Beitbridge juicing plant to US$40 million, as authorities seek to lift Matabeleland South province’s overall economic contribution to national gross domestic product (GDP). This comes as the tobacco baron has recently commissioned his US$102 million Cut Rag Processors (CRP) manufacturing plant in Aspindale,…
CBZ Holdings has expanded its trade finance facility with the African Export-Import Bank (Afreximbank) to US$190 million after securing an additional US$40 million, strengthening its capacity to support Zimbabwean businesses…
Prisca Tshuma and Mishma Chakanyuka AUTHORITIES must now shift their focus from economic stabilisation to aggressive growth generation, experts have urged. This follows Finance minister Mthuli Ncube’s generally well-received mid-term budget review of last week, which was anchored by sustained fiscal discipline and currency stability. In this regard, the experts also said yesterday that to…
ZIMBABWE’S economic reform agenda has continued to gain positive global acclaim and reviews, as Britain and France have agreed to co-chair its debt consultative group (DCG) to overhaul its US$23…
Omega Ukama News Editor ZIMBABWE should overhaul its tax system by placing greater emphasis on value-added tax (VAT) and reducing its reliance on traditional taxes, the Institute of Chartered Accountants of Zimbabwe (ICAZ) has said. ICAZ chief executive William Mandisodza made the proposal in Harare yesterday during the Daily News 2026 Mid-Term National Budget Business…
Prisca Tshuma ZIMRE Holdings posted a five percent increase in profit to US$8,1 million for the five months to May 2026, driven by higher insurance revenue and a strong recovery in its non-insurance businesses. Speaking at the group’s annual general meeting, chief executive Stanley Kudenga said the reinsurance business remained the group’s biggest earnings contributor,…
EMIRATES and South African Airways (SAA) today announced an expansion of their codeshare partnership, enabling access to nine cities and establishing the start of a reciprocal codeshare agreement between both…
Mike E. Juru ZIMBABWE took an important first step when the authorities made ESG reporting mandatory albeit, for listed entities only. While it signalled to investors that we understand risk…
HR Perspective with Memory Nguwi FOR decades, “follow your passion” has been one of the most common pieces of career advice given to young people. Parents say it. Teachers repeat…
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