LISTED property firms with a strong presence in residential assets and building materials say the sector is expected to register a “steady growth” during the fourth quarter of the year.
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-284509.mp3?cb=1732294708.mp3THE enactment of SI 33 and 142 in 2019 provoked a whirlwind of tax controversy in the arena of payment of income tax in foreign currency. This is notwithstanding existing laws providing for payment of income tax in foreign currency on foreign currency trading since 2009. Where taxable income is earned, received or accrued in…
BUSINESS is escalating its bid to persuade authorities to review a number of economic policies, including the foreign currency retention quota, to incentivise the productive sector and boost the country’s exports. This comes as exporters are currently required to liquidate at least 40 percent of their total foreign currency receipts at the official bank rate,…
NATIONAL Building Society (NBS) says the long outstanding Dzivarasekwa housing project will be completed next month, while the Tynwald cluster development is set to be completed by December this year. The two projects are set to deliver a combined 620 housing units by year end as the institution continues its aggressive drive to deliver innovative…
A NEW Insurance and Pensions Commission (Ipec) report shows that prescribed asset investment compliance remains low among pension funds, with only 16 of 615 active occupational funds meeting the minimum regulatory threshold of 20 percent of total assets. Industry players say that inflation is the main impediment to compliance as they focus on preserving value…
ZIMBABWE is targeting to produce 250 million kg of tobacco next season, up from 207 million kg realised this year. The country has a long-term target of achieving annual production of the golden leaf of 300 million kg by 2025. “Indications are that 96 percent of the crop will be grown under contract,” Agriculture permanent…
DELTA Corporation (Delta) says it is using internal resources to fund the production of raw materials by local farmers. The company runs farming schemes for the production of brewing cereals ― barley, sorghum and maize ― and supports farmers with inputs, skills, infrastructure and funding. “How are we funding agriculture? Straight from our pocket to…
ZIMBABWEAN short-term insurers’ aversion to money markets due to sub-inflationary returns is putting a strain on the sector’s liquidity, latest industry reports show. In its report for the half-year ended June 2022, industry regulator Insurance and Pensions Commission (IPEC) said while liquid assets in the form of cash and cash equivalents, money market instruments and…
ALL is set for the Sanganai/Hlanganani World Tourism Expo set for October 13 to 15, 2022 in Bulawayo.
MASHONALAND Holdings (Mash Holdings) says the property market remains hamstrung by lethargic demand across all sectors of the market owing to low economic activity in the economy. The property investment and development firm said whilst the Covid-19 restrictions eased during the half year ended June 30, 2022, the prevailing global headwinds and internal fiscal and…
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