A recent article in The Economist cites that Microsoft will pay US$69 billion in cash for the acquisition of Activision Blizzard, a video-game developer in what represents a huge bet on the future of entertainment. It should be highlighted that this is the biggest acquisition ever made in the video-game industry. In addition, it is…
Documentation is central to the claiming of Value Added Tax (VAT) input tax. It constitutes the basis of claiming input tax to avoid proliferation of fictitious input tax claims. The most important of all documents is the fiscal tax invoice, as of the 1st of January 2022. This forms the basis of a VAT input…
THE Old Mutual (OM) Exchange Traded Fund (ETF) has had a strong start to the year, with gains of about 60 percent compared to four percent for its benchmark, the Zimbabwe Stock Exchange’s Top Ten Index. ETFs are managed funds that track the performance of a specified security or index. Investors buy units of a…
ZIMBABWE exports went up 20,9 percent from US$535,4 million last October to US$647 million in November, the Reserve Bank of Zimbabwe (RBZ), has said. In its latest monthly economic review released last week, the RBZ said total merchandise trade for the month of November stood at US$1,3 billion, a 6,6 percent increase from US$1,2 billion…
BUSINESS has affirmed its recent engagement with authorities over a raft of measures needed to stabilise the economy. On their part, authorities said they valued their engagement with leaders of organised business, whose concerns they were ready to address. This comes as business has implored the government to keep a beady eye on the exchange…
THE Chamber of Mines (CoM), the apex miners’ representative body, says ZESA Holdings must prioritise supplying the available electricity to mining firms as the sector is a major economic driver. This comes as the mining industry has experienced increased power outages in the last quarter of 2021 and the beginning of 2022 compared to prior…
ELECTRIC cars are set to cut the fuel import bill and hedge businesses against high operating costs, as the country moves to adopt eco-friendly initiatives, a local e-mobility company, Electric Vehicle Centre Africa (EVCA), has said. This comes as a number of companies in Zimbabwe are planning to introduce electric cars as a cost cutting…
AGRICULTURE minister Anxious Masuka says Zimbabwe’s national herd has declined by at least 500 000 cattle since 2017 due to theileriosis, commonly referred to as January Disease. According to experts, cases of theileriosis tend to increase in January due to high rainfall activity, hence the name, January Disease. “We have lost over half a million…
MEIKLES Hotel says it could begin its long-planned multi-million-dollar refurbishment next month, once the City of Harare approves the plans. In a statement this week, general manager Tinashe Munjoma said the phased programme to carry out a major redevelopment of selected key areas had been planned since the acquisition of the hotel two years ago…
CALEDONIA Mining Corporation (Caledonia), which has been rewarding top executives for increased production across the group this year, has appointed Dana Roets to the board in recognition of his role in the successful implementation of the Central Shaft project at its flagship Gwanda-based Blanket Mine. Earlier this year, Caledonia announced the transfer of a total…
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