INVESTMENT advisory firm Akribos says industry is anxious about escalating Covid-19 new infections, amid fears this could result in the government imposing another wave of hard lockdowns that could potentially disrupt the manufacturing sector. This comes as Zimbabwe’s Covid-19 cases flared last week, with hundreds of new cases reported, coinciding with the latest outbreak in…
THE government has upped the tempo towards the implementation of the National Tourism Recovery and Growth Strategy, which is expected to revive the tourism sector after a two-year decline due to the Covid-19 pandemic. The strategy seeks to grow the tourism economy to US$5 billion by 2025, amid optimism of better prospects this year, on…
SPORTS law is one of the fastest evolving areas of law in the world. Oftentimes, basic concepts of the law such as contract, labour, delict, property and even human rights take on a different interpretation when it comes to sports. The reason for this is that sports as an industry is fast-paced and ever-evolving. The…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-280193.mp3?cb=1732288245.mp3THE value of supply refers to the tax base on which Value Added Tax (VAT) rate is to be applied. The rule was introduced by VAT laws, which state that for the purposes of the VAT Act, this section shall apply for determining the value of any supply of goods or services. The value to…
FARMERS say climate change has resulted in uneven rainfall patterns, a situation that has negatively impacted on the country’s 2021/22 agricultural season. Some farmers had to plant multiple times after the country received late rains, with agriculture practitioners still not sure on how to adjust the farming timetables. Zimbabwe Farmers Union secretary-general Paul Zakariya said…
DELTA Corporation (Delta) has expressed confidence in the local beer market after launching a new brand, Sable Lager, last week. The development is part of the beverages maker’s strategy to expand its lager brands and capture a wider consumer base. Sable Lager adds to Delta’s portfolio of lager beers which includes Castle, Lion, Black Label,…
TSL says it is expecting its sales volumes to improve through its tobacco related operations during the golden leaf marketing season, which opens next week. In a trading update for the quarter ended January 31, 2022, TSL said the tobacco selling season, which opens on March 30, would boost its capacity despite indications that national…
FAST food chains proprietor, Simbisa Brands (Simbisa), says its customer count grew by 18 percent during the six months to December 31, 2022, despite Covid-19 restrictions. The company said its deliveries were up 62 percent and customers are spending more than before. “Throughout the six months under review, the group continued to trade under challenging…
CALEDONIA Mining Corporation (Caledonia) says its immediate focus is to complete underground development associated with its US$67 million Central Shaft project at Blanket Mine as it targets a 38 percent jump in production in 2023 from 2020. This comes after the gold mining concern reported a gross revenue increase of US$21 million in 2021 from…
ZIMBABWE will next month host the African Diamond Producers Association (ADPA) council of ministers meeting to find ways to speak with one voice on the international scene on matters affecting them. In a post-Cabinet briefing, Information minister Monica Mutsvagwa said the meeting, which is also expected to formulate strategies to improve the African diamond industry…
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