finance

Understanding new digital services tax

By Simbarashe Hamudi IN a significant shift in tax policy, Zimbabwe is set to implement a new Digital Services Withholding Tax, effective January 1, 2026. This reform, encapsulated in the revised Section 13A of the Value Added Tax Act, aims to address the growing issue of tax compliance in the digital economy. As businesses increasingly…

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Fuel consumption up by 30 percent

ZIMBABWE’s fuel consumption increased significantly in the 11 months to November 2025, with diesel and petrol demand up nearly 30 percent from a year earlier, reflecting stronger economic activity and sustained energy use across key sectors. Latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows that diesel consumption increased to about 1,31 billion litres…

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Industry’s tempered optimism over 2026

BUSINESS leaders and investment analysts are cautiously optimistic about the country’s 2026 economic prospects. Speaking to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — these key stakeholders warned this week that despite the stabilising ZiG and inflation, as well as improved performances in key productive…

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Zim capital markets outshine regional peers

ZIMBABWE’S capital markets have been ranked seventh out of 16 major African markets, in terms of number of listings, driven by favourable investor policies in recent years, a new report shows. According to the Economic Co-operation and Development (OECD)’s Africa Capital Markets Report for 2025, Zimbabwe, with two public stock exchanges, the Zimbabwe Stock Exchange…

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Company secretary is not a minute taker

By Memory Nguwi DEAR Company Secretary, Most organisations still misunderstand your role. They see you as the person who types minutes, sends calendar invites, tracks resolutions, and reminds directors about meeting packs. Those tasks matter, but they are not the core of the job. If you allow yourself to be positioned as an administrator, you…

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Mutapa plans to set up a REIT

THE Mutapa Investment Fund (MIF) plans to establish a real estate investment trust (REIT) through its real estate cluster that will unlock value from its extensive portfolio of underutilised properties and land banks. In its inaugural annual report and financial statements for the period September 19, 2023, to December 31, 2024, released last week, MIF…

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CFI bets on improved procurement

CFI Holdings (CFI) expects measures put in place to ease procurement of key raw materials to improve efficiency and group competitiveness. The diversified agro-industrial concern has previously encountered procurement challenges, primarily related to grain supplies caused by drought conditions, resulting in additional cost build up. To mitigate these risks, the group said it is developing…

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Zim’s real estate future unfolds

By Leonita Mhishi AS Zimbabwe’s economy cautiously navigates a period of stabilisation heading into 2026, the outlook for its real estate market is drawing intense interest from investors, developers, and would-be homeowners, presenting a landscape that is simultaneously rich in opportunity and laden with risk. Over the past five years, property prices in urban Zimbabwe…

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Pfuma REIT to list on VFEX

PFUMA Fund Real Estate Investment Trust (REIT) is set to list on the Victoria Falls Stock Exchange (VFEX) with a net asset value of US$23,74 million. Big Poppas, a joint venture vehicle formed in 2021 for commercial property development, seeded two properties into the REIT through its subsidiaries, Blue Elf Investments and Farmhouse Company. The…

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