finance

Exercise caution: Experts tell government

BUSINESS, labour and consumers are clamouring for the government to do more to cushion them from the economic fallout of the conflict in the Middle East — including the soaring energy, transport and food prices.Advertisements But many experts say authorities should tread carefully as such interventions carry the significant risk of threatening Zimbabwe’s fragile fiscal…

Subscribe to read full article. Subscribe today

Read more

Innscor seeks sugar tax reform

INNSCOR Africa (Innscor) says authorities should extend the sugar tax to imported beverages, arguing that the current framework places local manufacturers at a competitive disadvantage and distorts fair market competition.Advertisements The group, through its beverage-making unit, Prodairy, has seen its margins adversely impacted by the sugar surcharge introduced in January 2024 amid stiffer competition from…

Subscribe to read full article. Subscribe today

Read more

Government bids to convert MoUs with India

THE government says it intends to move beyond signing memoranda of understanding (MoUs) with India and begin converting them into tangible, bankable projects, warning that many agreements remain unimplemented.Advertisements The push comes as trade ties between the two countries continue to strengthen with bilateral trade reaching about US$260 million, while Indian investments in Zimbabwe exceeded…

Subscribe to read full article. Subscribe today

Read more

RBZ forecasts a temporary inflation blip

THE Reserve Bank of Zimbabwe (RBZ) anticipates a temporary shift in the domestic price outlook, warning that the recent surge in global oil prices will trigger a short-term inflationary spike through the second quarter of 2026.Advertisements Despite the external pressure, the Monetary Policy Committee (MPC) remains optimistic, projecting that the inflationary impact will be contained…

Subscribe to read full article. Subscribe today

Read more

ZiG-only payments divide opinion 

THE government’s decision to pay public sector suppliers exclusively in the local currency, the ZiG, has triggered a wave of sharply divergent reactions from industry, with opinion split between cautious support and outright alarm.Advertisements Authorities argue the move is part of a broader push to deepen usage of the domestic currency and reduce reliance on…

Subscribe to read full article. Subscribe today

Read more

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