finance

Zimra eyes wealth tax, digitisation boost

OUR reporter, Almot Maqolo (AM), caught up with Zimbabwe Revenue Authority (Zimra) commissioner of domestic taxes Misheck Govha (MG) on the sidelines of the ninth Annual Tax Conference, hosted by WTS Tax Matrix Academy in Victoria Falls, to get a glimpse of ongoing efforts to expand the tax base. Here are excerpts from the interview:…

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Mash Holdings’ Greendale project 60 pct subscribed…targets full uptake by July

MASHONALAND Holdings (Mash Holdings) says its Greendale Clusters residential development is gaining strong market interest, with more than half the units already snapped up as it expects full subscription by the end of next month.The Greendale Clusters project, launched in May 2025, involves subdividing and servicing a 6 000 square metre stand into 10 cluster…

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Cost cutting propels General Beltings to profitability

GENERAL Beltings Holdings (GB) posted an inflation adjusted profit of ZiG26,5 million for the year ended December 31, 2024 as robust cost containment measures paid off to overturn previous year’s loss of ZiG566 841.It was a challenging year for the industrial hardware manufacturer, as revenue halved to ZiG77,1 million from ZiG150 million registered in 2023…

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Slash high interest rates – Parliament

THE 35 percent bank policy rate maintained by the Reserve Bank of Zimbabwe (RBZ) is ‘too high’ and should be reduced to at least 20 percent to promote sustainable economic expansion, parliament has said.This came out from a recent report by the Parliamentary Portfolio Committee on Budget, Finance, and Investment Promotion on the review of…

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