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Zimra surpasses revenue target by 10%
The Zimbabwe Revenue Authority (Zimra) has exceeded its 2024 revenue collection target by 10.26%, raking in ZWG116.47 billion against a projected ZWG105.63 billion, according to its latest annual repo...Published: 25 Jun 2025 at 14:33hrs | 113 | by Staff reporter
Zimbabwe economy needs robust tax system
The Zimbabwe Revenue Authority (ZIMRA) is pushing for a modernized tax system to address the complexities of Zimbabwe's economy, particularly the predominantly cash-based informal sector. ...Published: 05 Sep 2024 at 07:07hrs | 143 | by Staff reporter
Zimra mulls severe penalty on tax debts
The Zimbabwe Revenue Authority (Zimra) is considering imposing severe tax penalties to compel public and private entities to settle substantial outstanding tax debts. These debts primarily stem from c...Published: 14 Aug 2024 at 08:31hrs | 180 | by Staff reporter
Zimra adds 66 000 to tax register
The Zimbabwe Revenue Authority (Zimra) has added 65,547 new taxpayers to its register, thanks to its new Tax and Revenue Management System (TaRMS). In Zimra's 2024 half-year report, board cha...Published: 31 Jul 2024 at 07:00hrs | 1135 | by Staff reporter
Lunga-Mbatha awarded US$47 850 for unfair dismissal by CZI
In a David and Goliath protracted legal battle spanning over 20 years, Zimbabwean women and children's rights activist Rita Marque Lunga-Mbatha has been awarded US$47 850.01 for unfair dismissal over ...Published: 20 Jan 2024 at 08:34hrs | 2 | by Staff reporter
Zimra revenue collection surpasses target
A TOTAL of $4,43 trillion in revenue was collected against a target of $3,49 trillion in the first half of the year with positive growth recorded on value-added tax on imports, customs duty, excise du...Published: 29 Aug 2023 at 07:04hrs | | by Staff reporter
Zimra surpasses revenue target
The Zimbabwe Revenue Authority (Zimra) collected $1,99 trillion in net revenue last year, 14 percent above the target of $1,60 trillion spurred by milestones registered in the agricultural sector....Published: 24 Jul 2023 at 06:46hrs | 1 | by Staff reporter
Zimra records forex revenue upsurge
ZIMBABWE'S tax agency says United States dollar income and corporate taxes recorded strong growth during the quarter ending 31 December 2022 compared to prior comparative period as companies paid sala...Published: 04 Feb 2023 at 20:11hrs | 1 | by Staff reporter
Chinamasa appointed substantive Zimra boss
Zimbabwe Revenue Authority (Zimra) acting commissioner-general Regina Chinamasa has been appointed substantive boss of the tax authority."The appointments are with immediate effect," Zimra cha...Published: 26 Aug 2022 at 06:35hrs | 10 | by Staff reporter
Zimra is now owed over $33 billion as defaults rise
THE Zimbabwe Revenue Authority (Zimra) has reported a 283,65% increase in debt to $33,25 billion in 2021 owing mostly to exporting firms indicating that the current tax regime remains too high for com...Published: 24 Jul 2022 at 10:01hrs | 3 | by Staff reporter
Zimra surpasses H1 net revenue target
THE Zimbabwe Revenue Authority (Zimra) surpassed by 36,84% to $491,49 billion its target for cumulative net revenue collections for the first half of the year, owing to intensified compliance strategi...Published: 22 Jul 2022 at 06:42hrs | 2 | by Staff reporter
Anthony Mandiwanza finally retires
LONG-SERVING Dairibord Holdings chief executive officer, Mr Anthony Mandiwanza, is retiring after serving the company for 34 years, 24 of them at the helm.In a statement on Wednesday, Da...Published: 20 Jul 2022 at 18:19hrs | 25 | by Staff reporter
RBZ in dramatic U-turn on lending
THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a sta...Published: 18 May 2022 at 06:23hrs | 11 | by Staff reporter
Foreign banks troop to Zimbabwe forex auction
UNITED States-based multinational investment outfit JP Morgan was among global lenders that repatriated a combined US$30 million through the Reserve Bank of Zimbabwe (RBZ)'s forex auction system by th...Published: 13 May 2022 at 19:10hrs | 1 | by Staff reporter
Mthuli Ncube appoints new ZIMRA Board
FINANCE Minister Mthuli Ncube has appointed Anthony Mandiwanza as the new Zimbabwe Revenue Authority (ZIMRA) board chair and additional board members effective March 30.The newly appointed boa...Published: 31 Mar 2022 at 18:07hrs | 1 | by Staff reporter
Dairbord to launch US$1,5m new plant
MILK processor, Dairibord Holdings, says it will commission a new US$1,5 million manufacturing plant in the second half of the current financial year. Zimbabwe's largest dairy processor, which...Published: 20 Sep 2021 at 07:09hrs | 7 | by Staff reporter
Anthony Mandiwanza, when is the right time to step down?
Dairibord, former Dairy Marketing Board (DMB) was once one of the largest food producers in southern Africa, was founded in 1951 and listed on the Zimbabwe Stock Exchange (ZSE) in 1997. Dairibor...Published: 04 Nov 2020 at 14:06hrs | 1 | by Engineer Jacob Kudzayi Mutisi
Mnangagwa told to appoint new Minister of Industry
The Reserve Bank and the entire monetary policy team have done well towards stabilising the local currency. A stable currency forms the foundation for a strong economy. The country now needs an ...Published: 14 Sep 2020 at 13:49hrs | 1 | by John Mbizvo
Mthuli Ncube needs to work his magic on inflation
ECONOMIC analysts expect Finance and Economic Development Minister Professor Mthuli Ncube to announce new measures to contain and bring Zimbabwe's galloping inflation under control when he presents hi...Published: 21 Jul 2019 at 10:03hrs | 1 | by Staff reporter
Afreximbank grants Zimbabwe interbank forex trade loan
Cairo-based Africa Export and Import Bank (Afreximbank) has extended an undisclosed amount in lines of credit to Zimbabwe's interbank foreign exchange trading to stabilise the forex supply...Published: 24 Mar 2019 at 18:55hrs | 21 | by Staff reporter
A lot of US dollar buyers, but no sellers over low rate set by RBZ
Zimbabwe's new currency will be backed up with fiscal discipline, Finance Minister Mthuli Ncube said on Monday, adding that the government would allow the RTGS dollar to fluctuate but would manage exc...Published: 26 Feb 2019 at 06:41hrs | 1 | by ZimLive
Zimbabwe suspends duty on commodities
Suspension of duty on selected commodities among them luxury and public service buses, ammonium nitrate fertilisers, fertilised eggs for hatching and powdered raw milk among other critical goods, came...Published: 09 Jan 2019 at 11:19hrs | 1 | by Staff reporter
Dairibord sues Probrands over milk packaging copycat
DAIRIBORD Zimbabwe (Pvt) Ltd has petitioned the High Court seeking an order to interdict Probrands (Pvt) Ltd from infringing on its Steri milk product after the firm allegedly used bottle design, pack...Published: 26 Sep 2018 at 08:49hrs | 5 | by Staff reporter
Mandiwanza acquitted of assault
BUSINESS executive, Anthony Mandiwanza, has been acquitted of assaulting his worker using the butt of a gun.Mandiwanza, of Glen Lorne was yesterday set free by Harare magistrate Eric Kadye aft...Published: 31 May 2018 at 16:57hrs | 2 | by Staff reporter
Banks on course to meet RBZ threshold
A MAJORITY of listed banks are on track to achieving the prescribed Reserve Bank of Zimbabwe (RBZ) minimum capital requirement of $100 million by 2020 with some having already surpassed the threshold....Published: 20 Apr 2018 at 07:14hrs | | by Staff reporter
RBZ governor backs street sales
STUNG by poor cash circulation on the market, Reserve Bank of Zimbabwe (RBZ) is encouraging local manufacturers to sell their produce directly to the market as a way of tapping into the money that is ...Published: 06 Aug 2017 at 13:15hrs | 2 | by Staff reporter
Bond notes are temporary, says Mugabe
PRESIDENT Robert Mugabe sat and casually snacked on imported American Lay's potato chips, with a bottle of South Africa's Valpre water set on a table in front of him.As the newly turned 93...Published: 02 Mar 2017 at 05:47hrs | | by Staff reporter
Veteran Zimbabwean industrialist calls for rand adoption
Veteran industrialist Anthony Mandiwanza says Zimbabwe must adopt the South African rand as its official currency to help ease the current cash crisis and improve the manufacturing sector's compet...Published: 03 Jul 2016 at 19:35hrs | | by Staff reporter
Dairibord seeks to replace outdated milk machine
Dairibord will spend $600 000 to procure a new ultra-high temperature (UHT) milk machine from Finland, which is expected to boost production capacity.Dairibord COO Themba Mutsvairo told an inv...Published: 07 Jun 2013 at 07:49hrs | | by Financial Express
Delta shares hit $1,30 for the first time
Delta shares closed at their all-time best level of 130.01c on Monday ahead of the release of March finals next week and helped the Industrials hit a new all time high of 192.68. But volumes remained ...Published: 06 May 2013 at 11:59hrs | 1 | by Business reporter
ZSE: Industrials scratches out gains at week's end
ZSE's Industrials ended the holiday shortened week In the positive territory helped largely by gains in Econet, Innscor and OK Zimbabwe.The Industrials Index...Published: 03 May 2013 at 10:34hrs | 1 | by Business reporter
Dairibord completes the rationalisation programme
DZLH has completed the process of rationalisation and the group resumed normal production in April, group CEO Anthony Mandiwanza told the AGM this morning. "The rationalisation programme...Published: 03 May 2013 at 06:03hrs | | by Business reporter
Dairibord rationalising its operations to make the group leaner
Dairibord will focus on rationalisation of operations, group chief executive Anthony Mandiwanza told an analyst briefing yesterday."The rationalisation of operations which we intend to undert...Published: 22 Mar 2013 at 07:04hrs | 1 | by Business reporter
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