ZIMBABWE’s plans to transition into a mono-currency system anchored by its own currency, the ZiG, by 2030 could be under threat from ‘weak’ foreign currency reserves to back it, analysts have said.Advertisements While authorities are upbeat that forex reserves — currently at US$980 million — will reach levels sufficient to back the ZiG within the…
By Simbarashe HamudiAdvertisements THE Value Added Tax (VAT) framework is a critical component of taxation systems worldwide, influencing how businesses calculate their tax obligations. Within this framework, the rules governing the value of supply outlined in Chapter 6 of the VAT Act are essential for determining the tax base on which VAT rates are applied.…
By Betty Murambadoro HOW you see yourself matters. What you believe about yourself manifests in how far you stretch yourself boldly or in self-imposed limitations upheld. I have experienced how…
THE government has called on companies to accelerate the adoption of Artificial Intelligence (AI) to strengthen competitiveness and enhance sustainability.Advertisements Speaking at a Business Council for Sustainable Development Zimbabwe annual conference in Bulawayo yesterday, Industry minister Mangaliso Ndlovu said AI was rapidly transforming global production systems, energy management, and supply chain operations. “Local companies cannot…
AUTHORITIES are intensifying efforts to curb money laundering after launching a new financial investigations curriculum with the European Union and SecFin Africa.Advertisements Speaking at the launch on Friday, Reserve Bank of Zimbabwe’s Financial Intelligence Unit director general Oliver Chiperesa stressed the critical need to continuously capacitate law enforcement agencies to effectively identify and investigate money…
ZIMBABWE’S small and medium enterprises (SMEs) were celebrated as the undeniable engine of the nation’s economy at the inaugural state of the MSMEs survey report and awards ceremony on Wednesday evening.Advertisements The project was spearheaded by The Financial Gazette and the Small and Medium Enterprises Development Corporation (SMEDCO), with research conducted by Consumer Feedback Consultancy.…
ECONET Wireless Zimbabwe has launched its 2025 Christmas Promotion, offering customers a chance to win prizes worth up to US$500 000, including six smart homes, four vehicles, eight solar systems,…
THE government has introduced a simplified licensing system for tourism operators through consolidated permits, shorter processing times, and digitalised services.Advertisements The changes are part of the government’s broader ease of doing business and regulatory fees reforms, which have already been implemented in the livestock, transport, wholesale, and retail sectors. In a statement yesterday, Finance minister…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) director general, Gift Machengete, was awarded the CEO of the Year – Regulatory Category at the CEO Africa Roundtable Annual Awards.Advertisements CEO Africa Roundtable said the award recognises his significant contributions to the sector through his role at the helm of the nation’s telecommunications regulator. “We…
THE United Nations Development Programme (UNDP) says Zimbabwe’s sustainability agenda is incomplete until it fully embraces the micro, small, and medium enterprise (MSME) sector. Speaking at the Zimbabwe National Annual…
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