FIRST Mutual Properties (FMP) says subdued economic activity in Zimbabwe, and the rising rate of property voids, is forcing landlords to charge uneconomic rentals. This comes as the country’s commercial and residential property sector is reeling from the double whammy of a long-standing economic crisis and the worsening effects of the Covid-19 pandemic. Elisha Moyo,…
Jamie Vardy scored a hat-trick as Leicester City inflicted a remarkable defeat on Manchester City to go top of the Premier League. Despite going behind to a superb fourth-minute strike by former Foxes midfielder Riyad Mahrez, the visitors responded in stunning fashion. Vardy levelled with a penalty before the break after he had been fouled…
A lot of people believe that going to a civil court to assert one’s rights, or defend one’s interests is an easy and a pretty cheap job to do, but I want to dispel any such mischievous thoughts because litigation is no longer as cheap as it used to be. A discussion on the subject…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-262570.mp3?cb=1732288813.mp3The promulgation of Statutory Instrument 33 of 2019 will forever be remembered as one legislative instruments that complicated, inter alia, taxation in Zimbabwe. Since its inception, there has been a couple of other legislative instruments which, when interpreted left both the regulator and the taxpayer at odds in terms of interpretation thereof. The transition from…
ZIMBABWE’S Reserve Bank has won a High Court order to block Holbud Limited (Holbud) from attaching its property over a $26 million debt after insisting that it had paid the grain supplier through treasury bills (TBs). While the central Bank win and reprieve represents Addington Chinake’s second major victory for his client – in as…
THE success of the Reserve Bank of Zimbabwe’s (RBZ) foreign currency auction will depend on the critical balance between money supply and demand, the Confederation of Zimbabwe Industries (CZI) has said. “If money supply and demand are kept in balance the auction exchange rate will remain stable and become a predictable reference rate for prices…
A GOROMONZI white commercial farmer evicted from his estate over a week ago has mounted a fresh bid to get his land back. Martin Grobler has argued that he was forced out of the farm despite the fact that the matter was still pending before the Supreme Court. His eviction came six weeks after government…
… as govt stresses Rautenbach’s Henkik Investments-owned Marimba Residential Properties control Lot 48 of Aspindale Park HARARE provincial minister Oliver Chidawu says Marimba Residential Properties (Marimba) is the “legitimate owner” of Lot 48 of Aspindale Park, as “respect for property rights is critical for Zimbabwe’s economic development, investment promotion and ensuring an orderly society”. His…
ECONET Wireless, the country’s largest mobile operator, was last Thursday crowned the best performing company on the local bourse in this year’s edition of The Financial Gazette’s Top Companies Survey. A panel of judges and analysts, independent of both The Financial Gazette, and the sponsor, Old Mutual, comes up with the criteria and categories for…
THE food demand outlook in the sub-Saharan Africa (SSA) region remains very strong. Rapid population growth and increased economic prosperity are expected to create substantial demand and opportunities for the agricultural sector on the continent. The SSA region accounts for more than 950 million people, approximately 13 percent of the global population. By 2050, this…
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