News Editor TREASURY says it will continue pursuing more than US$100 million in historical tax arrears involving two corporates. Finance ministry permanent secretary George Guvamatanga said the disputes involving the entities were based on the existing tax laws and not retrospective changes to legislation. “It needs to be clear that we don’t have a national…
Omega Ukama News Editor WESTPROP Holdings is seeking shareholder approval to remove its US$129,8 million Pomona City land bank from the listed property group, formalising a balance-sheet restructuring first disclosed in April. The company published a circular last week outlining a scheme of reconstruction under which the 161,51-hectare Pomona City land bank will be transferred…
THE government should introduce incentives to encourage small and medium enterprises (SMEs) to use the newly launched Zimbabwe Entrepreneurship Exchange (ZEEX), Institute of Chartered Accountants of Zimbabwe (ICAZ) chief executive William Mandisodza has said. Mandisodza said incentives could accelerate the adoption of the Zimbabwe Stock Exchange (ZSE) platform and increase the flow of formal capital…
News Editor TREASURY says Zimbabwe’s fuel supplies remain stable despite disruptions caused by the conflict in the Middle East. Authorities say they are relying on strategic reserves, tax measures and private stocks to cushion the domestic market from global oil shocks. Finance minister Mthuli Ncube said last week the country was “fairly comfortable” with fuel…
ACTIVITY on the Victoria Falls Stock Exchange (VFEX) overtook the Zimbabwe Stock Exchange (ZSE) during the first half of 2026, even though the latter still lists more companies. This comes as migrations from the ZSE to the VFEX have picked up following new streamlined rules introduced in April 2026. The trade-count on the VFEX grew…
News Editor NATIONAL Employment Councils (NECs) are crying out for urgent reforms, as their rigid minimum wages and retrenchment rules are harming struggling businesses and discouraging both foreign and domestic investment, experts say. This comes as many companies across various sectors continue to enter corporate rescue or to scale back their operations, amid mounting financial…
News Editor ECONET Wireless Zimbabwe (Econet) shares are trading well below fair value according to local equity research firms. The shares currently trade at a floor price of 50 US cents on the Victoria Falls Stock Exchange (VFEX)’s OTC platform, set when Econet delisted from the Zimbabwe Stock Exchange (ZSE). Three firms argue that price…
News Editor THE Tobacco Industry and Marketing Board (TIMB) is urging farmers to diversify into other commercial enterprises after a tobacco marketing season that fell short of expectations, arguing that relying on a single crop exposes growers to mounting market and climate risks. This comes as this year’s marketing season winds down with tobacco sales…
ZIMBABWE’S government is increasingly relying on consumption tax after Value Added Tax (VAT) brought in ZiG19,3 billion in the first quarter of 2026, up 52,6 percent from ZiG12,7 billion a year earlier. VAT accounted for 29,9 percent of total government revenue, up from 24,9 percent the previous quarter. No other tax head comes close. VAT…
News Editor THE world’s largest asset manager, BlackRock, has increased its overall stake in Caledonia Mining Corporation, while reshuffling its holdings in favour of direct share ownership over derivatives exposure. A Caledonia filing last week covered a threshold crossed on July 8, putting BlackRock’s total position at 6,17 percent of voting rights, up from 6,15…
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