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Zimra's unaccounted deposits cause tax woes
The Zimbabwe Revenue Authority (Zimra) received $101.54 billion in unaccounted deposits from clients in 2023, creating an administrative challenge that led to unnecessary penalties and interest on tax...Published: 15 Jul 2024 at 16:42hrs | 4166 | by Staff reporter
Zimra, Nampak clash over ZW$27bn penalty
Nampak Zimbabwe, a major industrial packaging manufacturer, is contesting hefty penalties imposed by the Zimbabwe Revenue Authority (Zimra), amounting to ZW$26.7 billion. The company attributes this d...Published: 30 Jun 2024 at 18:31hrs | 2 | by Staff reporter
Zimbabwe companies edgy ahead of next week's elections
Zimbabwean companies – among them the local unit of South Africa-listed Nampak – are holding their breath as business uncertainty pervades the southern African country ahead of elections next week...Published: 19 Aug 2023 at 16:29hrs | | by Staff reporter
Nampak cashes in on Zimdollar scarcity
PACKAGING materials supplier Nampak Zimbabwe says it has benefited from improved United States dollar collections during the third quarter ended June 2023 on the back of constrained local currency liq...Published: 16 Aug 2023 at 06:48hrs | 7 | by Staff reporter
Zimbabwe's forex currency crisis worsens
An outlet in Harare's Graniteside industrial area has been turning away customers using local currency through point of sale (POS) platforms on the pretext that they are experiencing network failure....Published: 05 Jun 2022 at 09:16hrs | 5 | by Staff reporter
ELVIS NYATHI DEATH: Activists to shutdown SA businesses in Zimbabwe
Zimbabwean activists under the banner of One Africa Movement have threatened to shut down all companies that are owned by South African investors in Zimbabwe over the gruesome murder of one Mbhodazwe ...Published: 08 Apr 2022 at 11:04hrs | 1 | by Mandla Ndlovu
ZSE market cap hits $1 trillion mark
Zimbabwe Stock Exchange (ZSE) market value hits the $1 trillion mark for the first time since the market re-base over a decade ago as bulls charged on increased money supply.Zimbabwe's money s...Published: 30 Sep 2021 at 07:12hrs | 7 | by Staff reporter
Zimdollar will maintain a 'fragile stability' this year report
ZIMBABWE's currency will maintain a "fragile stability" this year, continuing from the volatilities that haunted the domestic unit even after the introduction of theforeign currency auction system...Published: 17 Feb 2021 at 06:11hrs | | by Staff reporter
Nampak engages Govt over estates
Listed paper and packaging group, Nampak, says it is holding discussions with the Government over a possibility of getting back control of its estates, group managing director John Van Gend said in a ...Published: 05 Feb 2021 at 06:36hrs | | by Staff reporter
Firms hail forex auction system
ZIMBABWE'S biggest companies have hailed central bank governor, John Mangudya's foreign currency auction system for defusing a forex crisis that had affected production in the past year.The Re...Published: 20 Nov 2020 at 06:08hrs | | by Staff reporter
Zimbabwe economic meltdown deepens
SOME of Zimbabwe's largest companies have painted a grim picture of the country's socio-economic situation, reporting a sharp fall in revenues, as the relentless economic meltdown intensifies....Published: 13 Nov 2020 at 07:31hrs | | by Staff reporter
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | | by Victor Bhoroma
Ingwebu Breweries re-introduces mahewu
REBOUNDING Bulawayo Municipal Commercial Undertaking (BMCU)'s beverages manufacturing unit, Ingwebu Breweries will re-introduce its non-alcoholic sorghum drink, Royal Mahewu next month as it seeks to ...Published: 11 Aug 2019 at 07:28hrs | 1 | by Staff reporter
Delta explains price reviews
LISTED beverages company, Delta Corporation, has outlined reasons behind the recently effected price increase on assorted soft drinks and beer. Amongst the reasons Delta is citing runaway oper...Published: 13 Mar 2019 at 22:46hrs | | by Staff reporter
Mthuli Ncube pledges to tackle capital flight
FINANCE minister Mthuli Ncube on Monday pledged to support food and beverage manufacturer, Nestle Private Limited, as government desperately tries to contain capital flight.A large number of c...Published: 13 Feb 2019 at 08:40hrs | | by Staff reporter
Innscor reports good performance in all business portfolios
INNSCOR Africa Limited posted a $48,6 million profit after tax in the full-year ended June 2018 from $34,4 million in prior period, as all its business portfolios reported good performance.The...Published: 01 Oct 2018 at 07:07hrs | | by Staff reporter
Delta bemoans forex shortages
Beverages giant, Delta Corporation Limited has said foreign currency shortages continue to have a knock on effect on its business especially packaging material, although earnings were positive in the ...Published: 13 Jul 2018 at 08:22hrs | | by Staff reporter
Zimbabwe seeks $500m from Afreximbank
THE Reserve Bank of Zimbabwe (RBZ) is negotiating a $500 million funding package with the African Export and Import Bank (Afreximbank), as part of efforts to resolve the foreign currency shortages bli...Published: 02 Jul 2018 at 07:24hrs | | by Staff reporter
More externalised funds coming
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says more individuals and companies continue to heed Government's call to repatriate funds salted away in prior years.The RBZ is next w...Published: 27 May 2018 at 10:06hrs | | by Staff reporter
Production Industry gives kudos to Chinamasa
INDUSTRY and market watchers have endorsed the call to increase production by Finance Minister Patrick Chinamasa but said there was need to ensure Government leads the re-industrialisation drive t...Published: 11 Dec 2016 at 08:27hrs | 1 | by Staff reporter
Robert Mugabe's SONA address - Fulltext
STATE OF THE NATION ADDRESS BY HIS EXCELLENCY THE PRESIDENT, COMRADE RG MUGABE, TUESDAY 6TH DECEMBER 2016.Madame Presi...Published: 07 Dec 2016 at 04:54hrs | 1 | by Roberg G Mugabe
List of companies that are currently offering apprenticeship
The Deputy Minister of Higher and Tertiary Education, Science and Technology Dr Gandawa yesterday released a list of Zimbabwean companies that currently offer apprenticeship.The companies recr...Published: 20 May 2015 at 20:35hrs | 23 | by Ndou Paul
Weak corporate governance frameworks reduce investor confidence
The recently elected president of the Institute of Chartered Secretaries and Administrators in Zimbabwe, Mr Glovah Ngoni Madzima, says weak corporate governance frameworks reduce investor confid...Published: 25 Jun 2013 at 12:02hrs | | by Chris Chinamhora
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