finance

Industry welcomes fee cuts

INDUSTRY says new regulations on business fee cuts will address long-standing cost drivers and administrative bottlenecks within the retail and wholesale sectors. The government promulgated Statutory Instrument (SI) 41 of 2026, effectively dismantling the multi-licence requirement that has long hindered business growth. Under the new regulations, business owners will no longer be required to pay…

Subscribe to read full article. Subscribe today

Read more

Buy Zimbabwe lauds export ban

BUY Zimbabwe has hailed the government’s ban on raw mineral exports, saying it was a decisive policy shift aimed at boosting local beneficiation and industrial growth. The intervention, announced last week by Mines minister Polite Kambamura, suspended the export of unprocessed lithium amid concerns that some operators were accelerating shipments ahead of a previously set…

Subscribe to read full article. Subscribe today

Read more

VAT on fringe benefits

By Simbarashe Hamudi THE treatment of Value Added Tax (VAT) on fringe benefits provided by employers to employees is a topic of considerable importance and complexity. Section 17(3) of the…

Read more

Growth outlook cheery: Experts

THE Reserve Bank of Zimbabwe’s latest monetary policy statement (MPS) will foster sustainable economic growth and the wider use of the ZiG, experts say. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts also applauded the central bank this week for increasing…

Subscribe to read full article. Subscribe today

Read more

Simbisa intensifies cost optimisation

SIMBISA Brands (Simbisa) is strengthening its cost optimisation efforts to protect margins pressured by multiple taxes and increased operational expenses. The Victoria Falls Stock Exchange-listed regional fast food restaurant chain has also been offering various promotional activities, including discounted prices to customers, which has inadvertently impacted margins. In Zimbabwe, the group’s largest market, contributing 72…

Subscribe to read full article. Subscribe today

Read more

Zim records fourth consecutive trade surplus

ZIMBABWE maintained its positive trade momentum in January 2026, recording its fourth consecutive monthly trade surplus of US$114 million, latest figures show. While maintaining a surplus streak, the January performance represents a 52,6 percent decrease from the US$240,1 million surplus recorded in December 2025. According to the Zimbabwe National Statistics Agency (Zimstat), the country’s January…

Subscribe to read full article. Subscribe today

Read more

Criminals imperil tobacco industry

THE government is concerned about the threat from illegal seed dealers and unlicensed buyers to the country’s key tobacco industry. Opening the 2026 tobacco marketing season in Harare yesterday, the minister of Finance Mthuli Ncube said these nefarious activities needed to be stopped at all costs. This comes after the first tobacco bale fetched US$4,60…

Subscribe to read full article. Subscribe today

Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More