Advertisements THE Meteorological Services Department (MSD) says the country is safe from Tropical Cyclone Dikeledi which is currently developing in the Indian Ocean.Advertisements This comes as the country is expected to receive heavy rains and thunderstorms to last until the end of this month. Speaking to the Daily News yesterday, MSD meteorologist Isaac Masawana said their preliminary…
Advertisements RETAIL giant OK Zimbabwe has assured its customers that its stores are open for trading amid reports of closure of some branches across the country.Advertisements This comes as there are growing concerns over the future of major retail shops in the country in the face of the ubiquitous and unregulated informal sector. In a…
Advertisements KAVANGO Resources is pursuing an ambitious plan to elevate Zimbabwe’s mining industry by establishing the nation’s first internationally accredited laboratory.Advertisements Such a facility could revolutionise the mining sector by providing accurate and globally benchmarked data.This would not only attract foreign investment but also promote transparency and efficiency within the industry.Kavango’s chief executive, Ben Turney,…
Advertisements ZIMBABWE’S livestock subsector is experiencing a notable recovery, thanks to the successful implementation of drought mitigation strategies introduced in September last year, officials say.Advertisements These measures are now yielding positive results, fostering optimism among farmers and stakeholders alike.Permanent Secretary for the Agriculture ministry, Obert Jiri, highlighted the progress made in stabilising the sector.“Initiatives like…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312051.mp3?cb=1736613722.mp3Advertisements ZIMBABWE stands at a crossroads, buoyed by a wave of economic optimism following the much-anticipated rains.These rains offer a rare lifeline to an agro-dependent economy battered by recent droughts.Advertisements Yet, the full potential of this gift from nature hinges on the government’s decisive support for the agricultural sector.The current season’s rainfall, though delayed, has…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312053.mp3?cb=1736613394.mp3Advertisements PAPER and packaging company ART Holdings has projected improved performance for the coming year, underpinned by a group-wide restructuring strategy that includes scaling back operations in its paper division.Advertisements In 2024, the company faced significant challenges, particularly in the paper milling sector, which struggled due to raw material shortages and persistent power outages which…
Advertisements THE rains that have lashed the country over the past few days have eased fears of another devastating drought, with a knock-on effect throughout the whole economy.Advertisements In this regard, business leaders, economists and senior government officials who spoke to The Financial Gazette — the country’s number one business publication and prime voice for…
Advertisements AT least US$2,5 billion is required to increase industrial capacity utilisation to 75 percent by December 2025, a new survey shows.Advertisements According to the latest annual State of the Industry and Commerce Survey report, average industrial capacity utilisation in 2024 decreased to 56,2 percent compared to 58,5 percent in the comparable year.The Zimbabwe National…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312036.mp3?cb=1736355640.mp3Advertisements ZIMBABWE’s formal retail sector endured a challenging year in 2024, characterised by stiff competition from the burgeoning informal traders, working capital constraints and high cost of operating ― all threatening the viability of most businesses.Advertisements This was compounded by a drastic decline in consumer spending as authorities’ tightening of liquidity in the economy weighed…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-312027.mp3?cb=1736348136.mp3Advertisements 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…
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