November 28, 2024
REVENUE inflows for municipal authorities operating in Zimbabwe have dropped significantly as the harsh economic situation takes its toll. Residents in towns and cities across the country have once again fallen behind in their payments despite having had their bills slashed to zero on the eve of the…
MEDICINES Control Authority of Zimbabwe (MCAZ) says the country has a thriving black market for medicines as the high cost of drugs makes them unaffordable to many people. MCAZ director Gugu Mahlangu said locally produced medical products are likely to cost more than imports because of the high…
ZANU-PF is making overtures to court former Movement for Democratic Change (MDC-T) national organising secretary, Nelson Chamisa. He was defeated by former Nyanga North MP, Douglas Mwonzora, for the MDC-T secretary-general post at the party’s elective congress held earlier this month. Reports say that the Kuwadzana legislator has…
THE banking sector shaved more than US$10 million in post tax profits during the first half of 2014 as players battled to contain an escalating crisis highlighted by bank failures, shrinking margins and economic shrinkage. Government has revised 2014 gross domestic product (GDP) growth targets to 3,1 percent,…
SUSPENDED ZANU-PF politician, Rugare Gumbo is itching to clear his name once the “dust has settled” in the troubled revolutionary party following damning allegations that the liberation war icon has been selling out the party leadership in recent months as he allegedly did during the liberation struggle. Gumbo…
THE Government of Malawi has scaled up efforts to support expanding Zimbabwean seed breeder and distributor, Seed Co Limited, which has captured fresh opportunities in that market, as part of its African growth strategy. Seed Co commissioned a US$10 million seed production facility in Lilongwe last week, taking…
OVER 195 000 Zimbabwean nationals in South Africa are seeking to regularise their stay and have applied for permits as part of the Zimbabwe Special Permits Dispensation, with an additional 50 000 new applicants expected to be received by the end of November. The high number of applicants…
THE Zimbabwe Revenue Authority (ZIMRA) has warned that it would be more ruthless to tax cheats and defaulters after the expiry of a tax amnesty it granted last month. The tax amnesty, which became effective on October 1, 2014, will expire on March 31, 2015. It will grant…
AS the world’s least industrialised region with a youthful and fast-growing workforce, African policymakers have for decades put industrialisation at the top of their development agendas. To date, however, industrialisation policies have failed as the share of manufacturing industry in sub-Saharan GDP has declined over the past 35…
AT LEAST 400 buyers and 133 companies have attended Zimbabwe’s latest local diamond auction with more expected in future sales, organisers said. Johan Erikson, managing director of Botswana diamond marketing firm First Element, organisers of the auction, told delegates attending a two-day diamond conference in Harare that international…
