AdvertisementsTHE Zimbabwe Revenue Authority (Zimra) has launched an operation targeting companies and individuals that have defaulted on their tax obligations.Advertisements This comes as the national tax collector’s July gross collections increased by 20,80 percent to $406,13 million from its monthly target of $336,20 million. However, Zimra believes that many clients are yet to register for…
AdvertisementsRAINBOW Tourism Group (RTG) yesterday announced that it had paid the first interest payment for the debentures that were issued in February.Advertisements A debenture is a medium to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. RTG had increased the par value of its debentures in a bid…
AdvertisementsONE win, one draw and three defeats is hardly the return Zimbabwe expected after the high profile appointment of former Springboks coach Peter de Villiers and the coming on-board of several sponsors to bankroll the team’s World Cup qualification campaign. The Sables’ first season under de Villiers can best be described as topsy-turvy as the…
AdvertisementsECONET Wireless Zimbabwe has intensified its exploration of the media frontier after tweaking its pricing model of video streaming service Kwesé iflix to make it more accessible. The company, which has established itself in the telecommunications and technology business, launched the service about four months ago as a part of its relatively new media business…
AdvertisementsMOBILE Network Operator Telecel Zimbabwe, has announced the launch of another data offering – Weekly Data Bundles for their Telecel Go prepaid customers.Advertisements Telecel’s Weekly Data Bundles offer their subscribers a week of all mobile internet access at very affordable rates. The bundles come in 4 denominations which are $1, $2, $3 and $5 with…
AdvertisementsTHE Pharmaceutical Society of Zimbabwe (PSZ) says the country is facing marked drug and equipment shortages on the back of foreign currency shortfalls. This is despite government’s assertion that the industry continues to be availed the foreign currency that it needs. The deterioration of local industry over the past decade has created a persistent trade…
AdvertisementsTHE Confederation of Zimbabwe Retailers (CZR) has welcomed the recently gazetted Shop Licences Amendment Act saying it will bring convenience, accountability and transparency to the sector. The Act, which was gazetted a fortnight ago, introduced various legislative reforms aimed at facilitating the ease of doing business. “The short term licences had been a great inconvenience…
AdvertisementsLISTED agro-concern Zimplow’s share price was the biggest mover last week, registering a growth of 43, 8 percent to 0,75 cents from 0,12 cents after the company announced that it expected to record increased profit on the back of the current investor-friendly environment. The company is also seeking shareholder approval to buy back 20 percent…
AdvertisementsNEW energy firm Bulls Power Fuel has said demand for Liquefied Petroleum Gas (LPG) in Zimbabwe is expected to increase in the next five years due to increased awareness, unreliable electricity supply and affordability. Micheal Munhuwei, the group’s chief executive, made the remarks after the official launch of the Bulls Gas division last Friday, which…
AdvertisementsZB FINANCIAL Holdings’ (ZB) profits have lately come from untraditional channels as earnings from custom sources have been falling, the company’s latest financial statements show. This comes as an unstable monetary environment characterised by currency risk and inflation has put the local financial system out of whack. The financial group’s net incomes from lending activities…
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