Bulawayo24 News - Skyes! "it makes perfect sense"

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 report.The performance, which Zimra attribu…

Published: 25 Jun 2025 at 14:33hrs | 127 | by Staff reporter

BCC forgoes US$14million revenue

The Bulawayo City Council (BCC) has decided to maintain its 2024 commercial non-domestic property tax tariffs for the 2025 financial year, foregoing potential revenue exceeding US$14 million.The decision, widely welcomed by residents and r…

Published: 11 Jun 2025 at 08:31hrs | 257 | by Staff reporter

Revenue improves after Beitbridge upgrade

Government revenue at the Beitbridge Border Post has surged significantly following the completion of its modernisation, showcasing a successful example of how public-private partnerships (PPPs) can drive infrastructure-led growth in Zimba…

Published: 26 May 2025 at 08:35hrs | 626 | by Staff reporter

Rental income dominates First Mutual Properties revenue

First Mutual Properties (FMP) says rental income remains its primary source of revenue, with the property investment firm intensifying efforts to diversify both its tenant base and portfolio to strengthen future earnings.In the group's fin…

Published: 05 May 2025 at 15:56hrs | 88 | by Staff reporter

Zimra targets US$7.155 billion in 2025 revenue collection drive

The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target to collect US$7.155 billion in tax revenue for 2025, reflecting a 17 percent increase from the 2024 target.ZIMRA, the government's revenue collection agency, plays a crucia…

Published: 03 Apr 2025 at 08:05hrs | 93 | by Staff reported

Harare loses millions in potential revenue

The City of Harare is losing millions of United States dollars in potential revenue from unpaid rates, with tuckshop owners and residents among the main defaulters. This was revealed by Acting Revenue Collection Manager, Alfred Nguni, who …

Published: 12 Dec 2024 at 06:56hrs | 323 | by Staff reporter

Revenue woes cripple Harare

The Harare City Council has collected only 40 percent of its targeted revenue for the first nine months of 2024, severely hampering its ability to deliver essential services. The council raised ZiG2.01 billion against a billing target of Z…

Published: 24 Nov 2024 at 09:57hrs | 164 | by Staff reporter

Mineral revenue slumps 29%

In the first half of this year, Zimbabwe's mineral revenue experienced a 29% decline, amounting to US$2.6 billion, owing to several challenges, including falling commodity prices, foreign currency shortages, a high-cost structure, and capi…

Published: 03 Nov 2023 at 05:44hrs | 14 | by Staff reporter

Sanctions have cost Zimbabwe US$150 billion

In the past 22 years, Zimbabwe has incurred a loss of over US$150 billion in potential revenue, opportunities, donor support, and loans due to the illegal sanctions imposed by the United States of America and the European Union. However, t…

Published: 26 Oct 2023 at 06:31hrs | 5 | by Staff reporter

Zimbabwe's lithium revenues poised to exceed expectations

THE growing global demand for lithium â€” a mineral which is critical in the manufacture of batteries that power electric vehicles, among other renewable energy products â€” as well as continuing multi-million-dollar investments in local m…

Published: 07 May 2023 at 07:44hrs | 3 | 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 salaries in hard currency to cushion worker…

Published: 04 Feb 2023 at 20:11hrs | 1 | by Staff reporter

Zimbabwe infrastructure upgrades to boost revenue performance

GOVERNMENT expects the on-going infrastructural development projects, particularly the upgrading of major highways, to impact positively on revenue performance through improved transport and logistics movement, which enhances trade facilit…

Published: 01 Aug 2022 at 06:34hrs | 7 | 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 strategies.The cumulative net revenue collectio…

Published: 22 Jul 2022 at 06:42hrs | 3 | by Staff reporter

Potraz targets rural internet access

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is focusing in increasing Internet access in the rural areas.Presenting the Postal and Telecommunications 2021 fourth quarter sector performance in Harare on Tuesday, …

Published: 13 Apr 2022 at 06:41hrs | 1 | by Staff reporter

'Innscor revenue to rise 395%'

ADVISORY firm IH Securities has projected a 395% rise in revenue at the Zimbabwe Stock Exchange-listed conglomerate, Innscor Africa Limited, during the year to June 30 2021, underpinned by high consumer spending as lockdown restrictions ha…

Published: 25 Mar 2021 at 05:49hrs | 5 | by Staff reporter

Zimbabwe's minerals revenue hits US$2 billion

MINerAL revenues reached US$1,95 billion at the end of October this year, beating a projected US$1,52 billion target set by the Minerals Marketing Corporation of Zimbabwe (MMCZ), official statistics showed last week.The US$1,95 billion was…

Published: 13 Dec 2020 at 08:03hrs | 1 | by Staff reporter

Ghana's âˆšÂ¢â€šÃ‡Â¨Ã€Ãºnew path' for handling oil revenue

When the oil rigs started pumping crude off the coast of Ghana's Western Region in December 2009, many people hoped for better living standards and development. They wondered whether Ghana would be able to break the "curse" that has often …

Published: 21 Mar 2013 at 16:22hrs | 1 | by Efam Dovi

Innscor revenue projected to top $345 million

FINANCIAL analysts Renaissance Capital have projected Innscor Africa Limited's revenue to increase by 8 percent to US$345 million in the first six months of its financial period to December 31, 2012."We expect that the group will report co…

Published: 05 Mar 2013 at 04:39hrs | 3 | by Business Reporter

TA posts an improved operating result

TA posted an improved operating result to record an attributable profit of $1.2 million from a loss of $1.1 million. Revenue growth of 17% year on year was driven by a 32% increase in hotel revenues and a 172% growth in investment income. …

Published: 02 Sep 2011 at 07:41hrs | 2 | by Business reporter

OK Zimbabwe reports a massive revenue surge

RETAIL giant OK Zimbabwe issued a trading update statement indicating that it achieved revenue of $89.0 million against a budget of $82.5 million in the first quarter of financial year end 2012, representing growth of 59.8% over prior year…

Published: 29 Jul 2011 at 06:08hrs | | by Nare Msupatsila

Temporary importation of foreign registered motor vehicles

Did you know that the temporary importation of goods, including motor vehicles, is regulated by customs laws and regulations of this country? This weekâˆšÂ¢â€šÃ‡Â¨â€šÃ‘Â¢s article will focus on the temporary importation of foreign register…

Published: 20 Jan 2011 at 17:14hrs | 4 | by Zimra

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