TRADE promotion body, ZimTrade, says South Africa (SA)’s Limpopo Province provides Zimbabwe with huge export opportunities for its products and services, as the country seeks to expand its trade base. This comes after the trade body recently conducted a survey in the neighbouring country, which happens to be the country’s biggest trading partner. Zimbabwe exported…
ZIMBABWE recorded a US$20 million trade surplus with South Africa (SA) during the nine months to September 2021, compared to a deficit of US$232 million during the same period last year, latest Zimbabwe National Statistics Agency (Zimstat) data shows. It comes as trade between the two countries has continued to improve despite restricted movement of…
THE Reserve Bank of Zimbabwe (RBZ) says it is widening the scope of its money supply surveillance to limit inflation, which hit a high of 838 percent last year. To curb inflation amid runaway money supply growth — the apex bank has been pushing a monetary targeting drive anchored on reserve money aiming. Reserve money…
GOVERNMENT is set to revive closed mines in a bid to ramp up production, as the country eyes a US$12 billion mining industry by 2023. This comes as Finance minister Mthuli Ncube, in his recent 2022 budget statement, said mining will anchor economic growth next year. Speaking during a post-Cabinet media briefing on Tuesday, Information…
NATIONAL Foods (NatFoods) is finalising the installation of a US$5 million state-of-the-art flour mill at its Bulawayo factory to replace the previous mill in a bid to raise productivity. Since last year, the country’s largest food manufacturer has been investing in its flour business unit in a bid to continue to deliver “world-class” products from…
SEED CO International’s (Seed Co) stock is now trading at a 21 percent premium on the Victoria Falls Stock Exchange (VFEX), relative to the Botswana Stock Exchange (BSE), amid an uptick in activity on the former. The pan-African seed processor has its primary listing on BSE, and was the first counter on the VFEX when…
INNSCOR Africa (Innscor) has expanded its contract farming scheme this year, with the area under cultivation on the outgrower arrangement increasing to 20 000 hectares from 10 000 hectares in the prior-year. This comes as the diversified group is looking to draw a significant volume of raw materials from the scheme for the 2021/22 agricultural…
THE Institute of Directors Zimbabwe (IoDZ) has said directorship should be regulated just like other professions if organisations are to derive high quality guidance and advice from them. In an interview with The Financial Gazette on Tuesday ahead of IoDZ’s annual general meeting tonight, and also following the launch of the State of Corporate Governance…
ZIMBABWE’S currency challenges have continued to weigh on multinational corporations operating in the country, with latest results showing that hyperinflation and other monetary dynamics remain significant hindrances for operations and profitability. It comes as the companies have also faced challenges taking out profits from the country due to foreign currency shortages. In its recently published…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-277600.mp3?cb=1732288413.mp3VALUE Added Tax (VAT) is a transaction tax, and the implications will vary for different transactions. Some transactions are taxed at a rate of 14.5 percent (effective January 1, 2020; previously 15 percent) or zero percent, while other transactions are exempt from VAT. Deregistration relieves the person of the administrative burden of having to account…
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