By Shepard KemboWHILE the recent policy intervention on the mandatory use of point-of-sale (POS) machines has attracted widespread criticism by many who argue that it should not be shoved down the throats of informal businesses, let us focus on the positives for a moment.The recent policy shift and focus on the informal sector, while requiring…
By Musawenkosi RC DzhekaTHE ongoing friction between the government and retailers is not a targeted vendetta against the sector but rather a case of strategic misalignment in the broader 2030 de-dollarisation agenda. Retailers have inadvertently become the primary instrument in the push for a mono-currency system, making them disproportionately affected.A major challenge in this strategy…
THE legislation relating to the deferment of Value Added Tax (VAT) collection on capital goods has undergone a sea change in the last few months, with each amendment widening the circle of industries falling under this coveted privilege. Until recently, mining, manufacturing, aviation, and agriculture were the sectors that enjoyed the privilege of deferring VAT…
COMPANIES that have a good client culture create such a focus on the client that everything and everyone throughout the organisation is on board. Where does this organisational magic come from? It all comes back to the culture.Sometimes the client-focused “way” is seen as a brand within a brand.Positive platitudes are just not enough. As companies…
ARTIFICIAL Intelligence (AI) is changing the way businesses work all over the world, including here in Zimbabwe. Many companies struggle with tasks that need to be done over and over again, such as answering customer questions, keeping financial records, and sorting data. These jobs can take a lot of time and energy. AI can help…
ZIMBABWE’s efforts to transition to a mono-currency system by 2030 require urgent and decisive action from both fiscal and monetary authorities.The continued dominance of the US dollar in domestic transactions signals a lack of confidence in the local currency, exacerbated by macroeconomic instability and inconsistent policies.To meet the 2030 target, authorities must take deliberate steps…
RECENT events in the corporate world where we have witnessed an increased number of corporations going through voluntary and or forced corporate rescue management have necessitated the need to focus and scrutinise the role of executive management and non-executive directorships.While the problem of corporate failure could largely be attributed to challenges in the operating environment,…
ARTIFICIAL Intelligence (AI) may sound like something out of a science fiction movie, but it is very real and already a part of our daily lives. If you have ever used Google to search for something, seen product recommendations while shopping online, or used voice assistants like Siri, then you have interacted with AI.At its…
ZIMBABWE’S economic activity has started recovering after the El Niño-induced drought.Growth slowed from 5,3 percent to an estimated 2 percent in 2024, as the drought lowered agricultural output by 15 percent. This was compounded by reduced electricity production and declining prices for key mineral exports (platinum and lithium).That said, strong remittances continued supporting activity in…
THE plea by retailers for a dedicated ring-fenced financing facility is not merely a request for relief but a crucial intervention necessary to safeguard an industry teetering on the brink of collapse.As formal retailers grapple with working capital constraints, supply chain disruptions, and a suffocating foreign currency shortfall, the government must acknowledge that inaction risks…
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