finance

HR PERSPECTIVE: Subjective vs objective performance measures

IN today’s data-driven business world, measuring employee performance accurately and fairly is more crucial than ever. Organisations often grapple with the choice between subjective measures, such as manager ratings, and objective measures, like sales figures or output metrics. But which approach yields the most accurate picture of an employee’s true performance? A closer look at…

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Consequences of digital divide in Africa

AS the world becomes increasingly connected through technology, the digital divide — the gap between those with access to technology and those without — has emerged as a key obstacle to economic growth and development. AdvertisementsIn African countries, the digital divide is not just a matter of who has access to the internet or mobile…

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Government ups ante on smuggling

ZIMBABWEAN authorities have declared 19 products as contraband, warning that individuals and businesses caught with them without valid proof of paid duty will face smuggling charges.AdvertisementsThe new measures — issued via Statutory Instrument 7 of 2025 this week are effective with immediately effect.The designated products include alcoholic and non-alcoholic beverages, cement, clothing, footwear, dairy products,…

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Business prays for bold RBZ measures

EXPERTS are keeping their fingers crossed that the central bank will intervene decisively next month, to alleviate the myriad challenges that are throttling Zimbabwe’s economy.AdvertisementsSpeaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — the experts said this week that the apex bank’s February monetary…

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ICT, consumer stocks drive markets growth

INFORMATION technology (IT) and consumer staples stocks are expected to anchor the growth of the local equities markets this year, leveraging their cash-generating capacity and dominant market positions, analysts say.AdvertisementsAuthorities have forecast six percent economic growth for 2025, although challenges such as delayed rains, unprepared farmers, underfunded energy infrastructure, and weak investor confidence raise doubts…

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Zinara banks on computerisation

THE Zimbabwe National Roads Administration (Zinara) anticipates a substantial increase in revenue by computerising the system used to monitor abnormal and overloaded trucks at toll gates, a move aimed at reducing leakages.AdvertisementsThis development marks a significant step in modernising Zinara’s collection systems.Zinara’s finance director, Adam Zvandasara, said the main revenue streams, such as vehicle licensing,…

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Growth target faces ‘turbulence’

ZIMBABWE’s economic growth is likely to fall short of the government’s six percent projection with analysts citing currency volatility, inflation, and a persistent liquidity squeeze as threats.AdvertisementsThe southern African country has experienced a significant depreciation of the local unit primarily driven by both demand and supply factors which resulted in inflationary pressures.Fiscal and monetary authorities…

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Zimra prioritises cost efficiency

THE Zimbabwe Revenue Authority (Zimra) has emphasised the importance of ensuring goods reach the market at the lowest possible cost, identifying efficiency and cost reduction as critical components of its trade facilitation efforts.Zimbabwe, a landlocked nation, shares borders with Botswana, Mozambique, Namibia, South Africa, and Zambia.Its primary trading ports include Durban, Beira, and Walvis Bay…

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Zimra strengthens its border security

THE Zimbabwe Revenue Authority (Zimra) has introduced automated systems to bolster border security, while fostering economic growth and development.AdvertisementsThis initiative coincides with a nationwide crackdown on smuggling, which increasingly threatens legitimate trade, economic progress, and public safety.Speaking at the International Customs Day Celebrations, Zimra Commissioner-General, Regina Chinamasa, explained that the new measures aim to improve…

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Zim inflation surges in January

ZIMBABWE’S inflation rate soared in January 2025, with the weighted month-on-month figure reaching 11,6 percent, a sharp rise from 1,1 percent in December 2024, according to the Zimbabwe National Statistics Agency (ZimStat).Similarly, the US$ month-on-month inflation rate jumped from 0,6 percent in December to 11,5 percent in January, reflecting a 10,9 percentage point increase.Meanwhile, the…

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