CHURCHES bring together people of the same faith and beliefs to worship under one roof and often under one name. It is a common occurrence in Zimbabwe to see small churches springing up in neighborhoods, towns and villages all over the country. A lot of these small churches do not see the need to formally…
LANDLINE phone and data services operator TelOne says the recent performance of its data services business merits a separate business unit status. This comes after the company last week commissioned a US$1 million data centre expansion project at its Mazowe Earth Station, a partnership with Tendo Electronics and Power Engineering Company. TelOne managing director Chipo…
THE government is set to rope in tobacco farmers to ramp up wheat production, amid supply chain disruptions caused by the Russia-Ukraine conflict. Zimbabwe imports about 40 percent of its wheat from Russia. In a post-Cabinet media briefing, Information minister Monica Mutsvangwa said golden leaf farmers were expected to increase wheat production, as government plans…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-280299.mp3?cb=1732288241.mp3ZIMBABWEAN tax laws bring into gross income all amounts an employee derives in connection with employment, including all amounts received or accruing to a person by reason of employment or cessation of such employment. It does not matter whether such amounts are paid in terms of a signed contract or under an implied contract or…
FINANCE minister Mthuli Ncube says the government is prepared to offer independent power producers guarantees on power purchase agreements (PPAs). A PPA is a long-term renewable energy agreement, directly between an energy producer and a consumer entity. The consumer commits to a renewable energy developer for the purchase of a volume of energy set at…
LOCAL alternative trading platform Financial Securities Exchange (FINSEC)plans to introduce automated derivatives writing and trading, as it pushes to bring the country’s capital market up to speed with the rest of the world. Derivatives are contracts between two or more parties whose value is based on an agreed-upon underlying asset, or set of assets such…
BORDER Timbers has exited judicial management after its shareholders approved settlement terms for an apportionment of awards issued to the company and its associates in 2015 through an arbitration, a matter that had delayed the lifting of its administration. In a statement on Tuesday, Border Timbers said the High Court had cancelled the company’s judicial…
ZECO Holdings (Zeco) says engagements with the regulator involving the ratification of its change in business focus, from a rolling stock to a residential and commercial property investment and development company, are still in progress. The Zimbabwe Stock Exchange (ZSE), which had halted trading in shares of the company last month for implementing the restructure…
HYBRID mutual insurer African Risk Capacity (ARC) says more agriculture projects in the country should be given prescribed asset status to help meet the funding needs of the capital hungry sector. This comes as prescribed asset status compliance by pension funds and insurance companies remains low due to a combination of liquidity challenges and lack…
ZIMBABWE’S major investment constituency, the insurance sector, wants regulatory permission to invest offshore to mitigate risks amid a volatile inflation situation on the domestic scene. The government has recently given pension funds permission to invest up to 15 percent of their assets offshore, but insurers are still barred from investing abroad. Speaking at the Treasury’s…
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