finance

EcoCash transaction value surges 36 percent

Advertisements ECONET Wireless Zimbabwe (Econet) says its mobile money platform, EcoCash, registered a 36 percent increase in transaction volumes during the third quarter to November 30, 2025, supported by improved wallet funding.Advertisements During the period under review, EcoCash registered a growth of 28 percent in customer activity as wallet funding soared 91 percent compared to…

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Delta wants fiscal support levelled

Advertisements DELTA Corporation (Delta) is advocating for the government to extend to locals the fiscal incentives currently available for foreign investors to ensure level taxation and inclusive participation in the economy.Advertisements The current fiscal framework includes several provisions that incentivise external investors as part of the government’s efforts to attract foreign investment flows amid limited…

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CSC hunts for turnaround strategist

Advertisements THE Cold Storage Company is scouting for a turnaround specialist to stir its operations back to profitability following years of loss-making.Advertisements The state-owned beef producer under the Mutapa Investment Fund is among key strategic national assets earmarked for recapitalisation following its exit from corporate rescue in October last year after successful interventions. “The successful…

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Digital VAT ‘levels’ playing field

Advertisements THE introduction of a Digital Services Withholding Tax (DSWT) on electronic services provided by foreign firms is helping to level the playing field for online businesses, experts say.Advertisements The DSWT, which officially came into effect on January 1, 2026, following amendments to the Value Added Tax Act, is a tax collection mechanism applied to…

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Court global capital, miners told

Advertisements MINING companies operating in Zimbabwe should leverage their rich resource assets to attract funding from global capital markets, analysts have said.Advertisements This comes amid worsening global geo-political developments that have deepened economic uncertainty and pushed demand for minerals, mainly gold, as a hedging asset. In this regard, dually-listed Caledonia Mining Corporation was recently able…

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First Capital, ASB deal still pending

Advertisements FIRST Capital Bank (FCB) says the proposed sale of its stake in Makasa Sun Hotel, formerly Kingdom Hotel in Victoria Falls, is still pending as regulatory approval has not yet been granted.Advertisements FCB entered into a share purchase agreement with ASB Hospitality LLC in September last year for the disposal of its shareholding in…

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When buildings meet climate reality

Advertisements By Leonita MhishiAdvertisements WHEN the cool winds sweep through Harare’s new housing estates or dance past the rooftops of an innovative office block, there’s a quiet revolution happening in Zimbabwe’s built environment — one that goes beyond bricks and mortar. It is a transformation that challenges how we build, where we build, and why…

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Registration of proprietors renting space to presumptive taxpayers

Advertisements By Simbarashe HamudiAdvertisements THE taxation landscape is witnessing a notable transformation with the introduction of regulatory measures specifically aimed at enhancing compliance among proprietors leasing land or premises to presumptive taxpayers. This shift is particularly embodied in the provisions outlined in Part IIIB of the Finance Act, specifically sections 25F to 25J, which establish…

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