THE proliferation of smuggled goods on the local market is having an adverse effect on the viability and growth of business, National Foods Holdings Limited (Natfoods) chief executive, Michael Lashbrook, has said.The development has culminated in recent shutdowns by several formal businesses across the country.Speaking in Harare recently, Lashbrook said smuggling has created an uneven…
LEADING tax advisor, Marvellous Tapera, has called on the government to revise the country’s tax structure, asserting that the current framework does not support a business-friendly environment conducive to growth.AdvertisementsIn an interview with The Financial Gazette, Tapera, who is also the managing director of the consultancy firm, Tax Matrix, emphasised the importance of macroeconomic reforms,…
Elton ManguwoStaff WriterAdvertisementsBUSINESS has applauded the Reserve Bank of Zimbabwe (RBZ) for its recent introduction of the Targeted Finance Facility (TFF), a measure aimed at boosting funding for the productive sectors of the economy and addressing the prevailing market liquidity challenges.The roll-out of the TFF is expected to provide much-needed financial support, stimulate economic growth,…
TANGANDA Tea Company (Tanganda) says it is developing a 60-hectare coffee plantation under a joint venture arrangement with a private partner as it seeks to revamp dwindling coffee volumes.AdvertisementsThe Zimbabwe Stock Exchange (ZSE) listed agro-industrial concern has seen a drastic decline in coffee output recently owing to its ageing plantations that have adversely affected yields.In…
ZIMBABWE’s exports decreased by 23,5 percent to US$692,4 million in December 2024 from the November 2024 value of US$905,2 million, latest data showsAdvertisementsAccording to the Zimbabwe National Statistics Agency’s latest data, industrial supplies comprised 94,6 percent of the goods exported in December 2024.Among the top 10 products exported in December 2024 was semi-manufactured gold at…
DELTA CORPORATION (Delta)’s sparkling beverages segment recorded a 16 percent slump in sales volumes during the third quarter ended December 31, 2024 as the sugar tax induced price increases weakened its competitiveness against imports from the region.The sugar tax, introduced at the start of last year as part of the government’s effort to expand its…
KLM Royal Dutch Airlines will cease its freight operations to Harare starting this April, citing operational challenges linked to the service, it has emerged.This was revealed through a notice to customers by Tiger Freight’s managing director, Pim de Wit, who reassured clients that the shipping services provider is actively seeking solutions to address the impending…
ABOUT 3 000 years ago Jeremiah wrote a letter and asked that it be delivered to every leader of the Jewish Diaspora in Babylon.AdvertisementsIn it, he instructed the Jews in exile to make the best of what they had, to settle down and plant. Sometimes I feel just like those leaders in exile, living amongst…
ZIMBABWE teeters on the brink of an economic crisis, with the retail sector struggling and alarm bells ringing across the broader economy.AdvertisementsThe challenges facing businesses are mounting, fuelled by a severe liquidity crunch, exorbitant interest rates, and a fragile dual-currency system.As the Reserve Bank of Zimbabwe (RBZ) prepares its monetary policy statement, decisive and coordinated…
ADVANCEMENTS in technology for cable manufacturing equipment have enhanced capacity utilisation at Cafca, despite a challenging operating environment.AdvertisementsCompanies across the country have been investing in technological upgrades to improve efficiency and offset costs associated with alternative power solutions.Cafca’s chief executive, Vimbayi Nyakudya, stated that the group had embraced technology to address electricity supply shortages.“The gaps…
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