Advertisements Traders scaled back their bets for South Africa’s interest rate cuts this year, with markets now pricing in only one as they decipher the Federal Reserve’s preference to move slower on rates and US president-elect Donald Trump’s path on tariffs.Advertisements Forward-rate agreements, used to speculate on borrowing costs, are now pricing in just a…
Advertisements THE domestic Air Services Licensing Council requires that all voting rights in domestic airlines must be held by natural persons and not legal entities.Advertisements This interpretation of the Air Services Licensing Act, voiced in a letter to FlySafair dated 6 January, renders almost all domestic airlines non-compliant and puts their operations at risk, says…
Advertisements ONE of the country’s leading sugar producers, Triangle Limited, has announced plans to retrench some of its workforce due to economic challenges.Advertisements This comes as most companies are struggling to operate with Beta Holdings and Khaya Cement recently applying to the Master of the High Court to be placed under voluntary corporate rescue. In…
Advertisements THE Reserve Bank of Zimbabwe (RBZ) is at the forefront of efforts to safeguard the financial services sector against the growing threat of cyberattacks and the rising “reliance” on third-party service providers.This come as the global financial landscape continues to evolve and with increasing digitisation and financial innovation, cybersecurity has become a pressing concern…
Advertisements Nampak Southern Africa Holdings is still in negotiations with TSL Limited over the sale of Nampak Zimbabwe following the former’s acceptance of a binding offer.Advertisements Nampak Southern Africa wants to dispose of a 51,43 percent shareholding in Nampak Zimbabwe for US$25 million.“Shareholders and the investing public are urged to continue to exercise caution when…
Advertisements ZIMBABWE’S transfer pricing rules are contained in sections 98A and 98B of the Income Tax Act (ITA). The rules came into force retrospectively as of January 1, 2014, because of an amendment to Act promulgated in April 2014. Advertisements The Income Tax Act was further amended, effective January 1, 2016, to clarify the transfer…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312167.mp3?cb=1736950536.mp3Advertisements IN an era where technology continuously reshapes industries, the field of auditing is undergoing a transformative evolution. Advertisements Traditional audits, often characterised by their retroactive nature and considerable time lag, are giving way to a more proactive and efficient approach known as predictive auditing. This shift not only enhances the speed and accuracy of…
Advertisements INNBUCKS MicroBank Limited (Innbucks) posted a significant growth in revenue from customers’ loan payments ― more than doubling its topline while fees and commissions income also fared positively during the year ended June 30, 2024.Advertisements In its delayed full year results, the group saw its interest income grow by an impressive 960 percent to…
Advertisements Elton ManguwoStaff WriterAdvertisements POWERSPEED Electrical Limited (Powerspeed) says the shortage of capital on the domestic market has put its expansion plans under serious threat as currency uncertainty continues to deter borrowers from long-term funding. The electrical and hardware supplier said the development was also impeding it from implementing its innovative idea and diversification of…
Advertisements NATIONAL Handling Services Zimbabwe (NHS) says starting this year, it will unlock more value from its cargo business by allowing it to operate independently while it focuses on ground-handling business as part of a long-term strategy.Advertisements This comes in the face of financial pressures and shifting market dynamics. NHS is laying out an ambitious…
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