https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-305236.mp3?cb=1732287542.mp3AdvertisementsTHE Value Added Tax (VAT) on Imported Services (VIS) in Zimbabwe ensures that services procured from non-resident persons and persons operating their business outside Zimbabwe and consumed by residents are taxed similarly to those supplied by local providers.Advertisements This article explores the background, relevant laws, detailed VAT regulations, and the impact of VIS on businesses…
AdvertisementsTHE retail landscape in Zimbabwe has undergone a dramatic transformation. Once bustling with iconic brands like Truworths and Barbours, urban centres now house a multitude of small boutiques and shops. This shift was partly fuelled by the rise of second-hand clothing and cheap imports, posing a significant challenge to formal retailers like Edgars. Yet, Edgars…
AdvertisementsA NEW report reveals that diamond production in Zimbabwe fell by 13 percent in the first quarter of 2024 from 1,63 million carats to 1.41 million carats.Advertisements Despite the quarterly decline, there was a notable 15 percent increase compared to the last quarter of 2024, where production reached 1,42 million carats from 1,23 million carats.…
AdvertisementsPIPING products manufacturer Proplastics is deliberately slowing down on exports as unsustainable electricity costs have rendered the group’s products uncompetitive in regional markets.Advertisements For many years, the relatively higher price of electricity has been a major source of discomfort for businesses operating in the country when compared to power tariffs elsewhere. However, despite numerous engagements…
AdvertisementsELECTRICITY production by Independent Power Producers (IPPs) saw a significant boost in the first quarter of 2024, jumping 10,47 percent from the same period last year.Advertisements Yet, despite this growth, IPPs still only contribute about 4,81 percent to the country’s total power output, according to a recent report by the Reserve Bank of Zimbabwe. This…
AdvertisementsPADENGA Holdings (Padenga) says it will stop open pit mining at its Chegutu subsidiary, Pickstone Peerless Mine in August this year following major capital investments into underground mining operations.Advertisements The first phase of underground mining was completed last year and commissioned in April of this year with further investments already channelled for phase two which…
Advertisements Kylian Mbappe looks set to wear a protective face mask for the rest of Euro 2024 aftersuffering a broken nose while playing for France against Austria on Monday.Advertisements The France forward posted on social media after the game, asking what type of mask he should wear. From Gvardiol to Gazza, BBC Sport looks at…
AdvertisementsPARLIAMENT has confirmed Zimbabwe’s ratification of the Africa Risk Capacity (ARC) Treaty, an AU initiative that seeks to help member states improve their capacity to deal with extreme weather events and natural disasters.Advertisements Treasury will now tie up the process through some legislative and administrative processes. Ratifying the agreement will allow the Zimbabwe to fully…
AdvertisementsAS ZIMBABWE continues in its push to join the BRICS bloc, a move that could redefine its global economic standing, experts have weighed in with cautious optimism and warnings about how it could backfire. Advertisements This comes amid reports of recent discussions between President Emmerson Mnangagwa and his Russian and South African counterparts regarding the…
AdvertisementsTHE Institute of Chartered Accountants of Zimbabwe (ICAZ) is actively encouraging women to join the accountancy profession, which is male-dominated.Advertisements This call was made on the sidelines of the Women Chartered Accountants Network’s (WeCAN) annual event, marking WeCAN’s seventh anniversary. ICAZ president Manyara Chigunduru told The Financial Gazette their goal is to “provide a platform…
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