BUSINESS has implored authorities to act decisively on the recurring problems at Beitbridge border post, which last week experienced mayhem after a massive freight blockade paralysed movement of goods at southern Africa’s busiest inland port. This comes as the Zimbabwe Revenue Authority (Zimra) this week dispatched a high level team to try and restore normalcy.…
SPEAKER of parliament, Jacob Mudenda has urged business to progress from mere lobbying and assume a more active role in the Zimbabwe’s legislative process, for a better operating environment and for the benefit of the country’s economic recovery pursuit. Speaking as a special guest at the Zimbabwe National Chamber of Commerce’s (ZNCC) annual congress held…
AGRICULTURE ministry permanent secretary John Bhasera, says the sector is well on track to surpass 2025 growth targets after a 34 percent rise during the 2020/21, against a mark of 11-12 percent. Last year, the government launched the Agriculture and Food System Transformation Strategy (AFSTS) to accelerate agriculture production, productivity and profitability in line with…
THE Zimbabwe Anti-Corruption Commission (Zacc) says it has filed asset confiscation and unexplained wealth orders worth US$4,8 million at the High Court that are still pending. The anti-graft body’s chairperson, Justice Loice Matanda-Moyo, told a Zimbabwe National Chamber of Commerce (ZNCC) congress last week, that 36 cases were handled in 2020, while 10 cases with…
INDUSTRY has made a fresh plea to the government for a review of the two percent Intermediated Money Transfer Tax (IMTT), insisting the levy is overburdening business, which is already struggling to survive impacts of the Covid-19 pandemic. The much-debated levy was introduced in October 2018, when the government launched its austerity programme —…
THE government is considering introducing compulsory insurance cover for smallholder farmers, particularly those benefiting from the Presidential input support programme, Pfumvudza, an official has revealed. Insurance uptake in agriculture has been low, with economic feasibility, confidence and lack of awareness cited as major deterring factors. According to the industry regulator, the Insurance and Pensions Commission,…
THE National Social Security Authority (NSSA) wants to be part of the Zimbabwe Investment Development Agency (ZIDA)’s one-stop-investor shop in order to induct foreign investors on occupational safety and health (OSH) requirements to reduce accidents and fatalities at the workplace. The quest to induct foreign investors on the OHS legislative framework comes amid rising accidents…
CEMENT producer, PPC Zimbabwe says it has had to come up with new products to find new export markets in the region as it tries to counteract a lack of competitiveness arising from high costs of production in the country.Zimbabwe’s cement manufacturing sector has been hit hard by high production costs in the country, and…
GETBUCKS Microfinance Bank (Getbucks) says customer deposits declined by 53 percent to $66 million during the half-year ended June 30, 2021, mostly due to the low interest rates offered on sureties over the period. The deposit taking microfinance bank hopes some policies adopted by the central bank to encourage banks to pay higher rates for…
THE Victoria Falls Stock Exchange (VFEX) is working with the Dubai Gold and Commodities Exchange (DGCX) in framing a clearing and settlement commodities exchange framework, which will pave the way for increased investment on the platform. Speaking at Victoria Falls commodities exchange workshop in the resort town yesterday, Finance minister Mthuli Ncube said DGCX would…
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