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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
Private sector, experts hail Zimra's TaRMS tax regime
Private sector players and financial experts have praised Zimbabwe's Tax and Revenue Management System (TaRMS) for significantly improving taxpayer accessibility and compliance, particularly among sma...Published: 19 Jun 2025 at 07:16hrs | 207 | by Staff reporter
ZCTU declares 2024 'annus horribilis' for workers, govt showdown looms
The Zimbabwe Congress of Trade Unions (ZCTU) has sharply criticized the government for what it describes as an "annus horribilis" for workers, outlining a series of grievances that have left the labor...Published: 23 Dec 2024 at 05:54hrs | 610 | by Staff reporter
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 369 | by Staff reporter
RBZ rubbishes Chamisa lawyer's claims on ZiG
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed that the Zimbabwe Gold (ZiG) currency remains the country's legal tender, dismissing speculation that it had expired following the lapse of Statutory ...Published: 29 Oct 2024 at 07:25hrs | 357 | by Staff reporter
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 7516 | by Staff reporter
Finance Ministry open to reevaluate 2024 Budget amid public backlash
In response to widespread concerns and criticisms from various quarters, Deputy Minister David Mnangagwa has announced the Finance Ministry's readiness to reevaluate the proposed 2024 budget. The budg...Published: 10 Dec 2023 at 07:35hrs | 13 | by Staff Reporter
Zimbabwe economy urgently needs tax reforms
For the fourth consecutive year, the Zimbabwe Revenue Authority (ZIMRA) has been exceeding budgeted quarterly and annual revenue targets (in ZW Dollar and in US Dollar terms). Even though the economy ...Published: 01 Apr 2022 at 12:40hrs | 10 | by Victor Bhoroma
'Zimbabweans overtaxed'
ZIMBABWEANS are being heavily taxed, resulting in the Zimbabwe Revenue Authority (Zimra) meeting revenue collection targets despite a poor economic performance.A recent analysis on taxation by...Published: 08 Nov 2021 at 05:29hrs | 1 | by Staff reporter
Govt considers 400% rise in tax-free threshold
Finance minister Mthuli Ncube is considering a cocktail of tax reforms, including increasing the tax-free threshold four-fold as part of measures to improve the welfare of the country's workforce....Published: 26 Oct 2021 at 06:41hrs | 1 | by Staff reporter
'Zimbabwe's retailers deserve a wage subsidy'
WHILE government was bullish in the midterm fiscal policy and revised upwards gross domestic product (GDP) growth projections for 2021 from 7,4% initially projected in November last year to 7,8%, grow...Published: 22 Aug 2021 at 08:01hrs | 2 | by Staff reporter
Supermarkets doomed after $120bn snub
SEVERAL measures being deployed by government to rebuild the economy may be doomed unless they are twinned with policies that boost spending power, the Confederation of Zimbabwe Retailers (CZR) said, ...Published: 19 Aug 2021 at 06:33hrs | 2 | by Staff reporter
The next big crisis for Zimbabwe retailers
A crisis is brewing in Zimbabwe's retail sector after Finance minister Mthuli Ncube amplified a desperate situation by turning down pleas to hike tax-free thresholds by wide margins in his midterm pol...Published: 01 Aug 2021 at 06:49hrs | 4 | by Staff reporter
Proudly made in Zimbabwe
The advent of globalization has demonstrated that each country has expertise in a certain trade and there are commodities that resonate with certain countries more than others. It is often argued that...Published: 02 Feb 2021 at 00:25hrs | 5 | by Victor Bhoroma
2021 budget: Fitting a round peg in a square hole
THE 2021 national budget due to be presented this afternoon presents one of the toughest challenges for Finance minister, Mthuli Ncube.He is expected to roll out strategies that will help the ...Published: 26 Nov 2020 at 07:27hrs | | by Staff reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 11 Oct 2020 at 10:00hrs | 1 | by Victor Bhoroma
Zimbabwe's business climate can improve
As the Zimbabwe Stock Exchange (ZSE) puts final touches on the infrastructure needed for operations of the Victoria Falls Securities Exchange (VFEX), investors await to see if their major concerns on ...Published: 11 Oct 2020 at 09:57hrs | 2 | by Victor Bhoroma
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 10 Oct 2020 at 12:04hrs | 1 | by Victor Bhoroma
Reviewing Zimbabwe's austerity reforms
Zimbabwe launched its austerity measures under the Transitional Stabilization Programme (TSP) in October 2018. The stabilization programme itself is running from October 2018 to December 2020. Austeri...Published: 02 Sep 2019 at 09:37hrs | 1 | by Victor Bhoroma
Zimra issues new import rules
THE Zimbabwe Revenue Authority (Zimra) has issued new import regulations that are set to result in the formalisation of Small to Medium Enterprises (SMEs), most of which have remained largely informal...Published: 30 Aug 2019 at 07:57hrs | | by Staff reporter
Mnangagwa's Polad needs gravitas
Polad (an acronym for Political Actors Dialogue) is a voluntary platform for national dialogue launched by President Emmerson Mnangagwa just a few days after the Ides of May 2019.Polad was fla...Published: 31 May 2019 at 07:33hrs | 1 | by Willard Chinhara
Zimbabwe economy is literary dead, Where is Mnangagwa?
The continued recycling of failed ministers is a clear sign that Zimbabwe Govt is buffeted by lack of cohesion, Zanu is buffeted by lack of incapacitation to deal with the current situation, it is buf...Published: 18 May 2019 at 18:28hrs | 15 | by Tinashe Eric Muzamhindo
Government starts simplifying tax system
GOVERNMENT has begun a process of simplifying its tax system while the Zimbabwe Revenue Authority (Zimra) continues to roll out operational reform strategies aimed at enhancing voluntary compliance an...Published: 26 Apr 2019 at 07:02hrs | 1 | by Staff reporter
'Tax reforms to rescue debt-distressed Zimbabwe'
Taxation reforms and improvement in non-tax revenue will extricate Zimbabwe from the debt trap, a new report has shown.In its flagship report released Saturday, the Economic Commission for Afr...Published: 24 Mar 2019 at 18:56hrs | | by Staff reporter
Chamisa statement on the prevailing economic, political and humanitarian situation
Fellow Zimbabweans! 1.1 I have taken time to assess the environment in the country to have a first-hand account of the economic, political and humanitarian situation. Indeed,...Published: 23 Oct 2018 at 14:24hrs | | by Adv. Nelson Chamisa MDC President
Zimbabwe's fat cats too must feel pain of ordinary citizens
THAT the majority Zimbabweans have started feeling the pain of Finance minister Mthuli Ncube's economic reforms as a necessary rite of passage in the healing of the Zimbabwean economy which has been s...Published: 10 Oct 2018 at 06:33hrs | 1 | by Editorial - newsday
Nkosana Moyo dismisses Mthuli tax reforms
Former Industry and Trade minister Nkosana Moyo has dismissed Finance minister Mthuli Ncube's tax reforms, noting that they do not address the real stem of the economic crisis, which is government's o...Published: 09 Oct 2018 at 14:40hrs | | by Staff reporter
Mnangagwa or Chamisa?
WITHOUT a doubt, Monday's election is about the economy - and who is likely to deliver a better future for Zimbabwe, and the much-needed hope.It is also an indubitable fact that the winner wil...Published: 26 Jul 2018 at 12:01hrs | 4 | by Eric Chiriga and John Kachembere
The top 5 party manifestos
We are continuing with our analysis of the top five manifestos this week. Last week, we focussed on some general traits, but also considered on overall ranking. We left off with the MDC -T being ranke...Published: 20 Jun 2018 at 07:07hrs | 1 | by Paul Kaseke
Miracle of economic growth in Zimbabwe
After being ushered in the office President ED Mnangagwa has done a lot of wonders with his team. Zimbabwe has witnessed the stampeding of foreign investors coming to invest in the country. Zimbabwe's...Published: 08 Feb 2018 at 13:24hrs | 2 | by Dr Masimba Mavaza
Addressing Zimbabwean business climate
The recent amendments to the Indigenisation and Empowerment Act and the slight adjustments on petroleum levies are massive steps to entice investors as Zimbabwe opens up for new business.Other...Published: 04 Feb 2018 at 15:33hrs | 1 | by Victor Bhoroma
South Africa leaving the JP Morgan Bond Index?
The rand lost almost 2% against the firmer US dollar on Wednesday and on rumours that South Africa is leaving the JP Morgan Bond Index."The rumours of the exit is not helping the ZAR. It...Published: 26 Apr 2017 at 17:11hrs | | by Fin24
Capacity utilisation report misleading, say experts
ECONOMIC experts say the 13 percent increase in manufacturing capacity utilisation this year should translate to increased job opportunities.Participants at a tax seminar held in Bulawayo ...Published: 14 Dec 2016 at 05:23hrs | 5 | by Staff reporter
Zimbabwe to clean diamonds before selling them
Minister Chidhakwa disclosed that plans to clean diamonds before their sent to the market are already afoot."We agreed that all diamonds from Zimbabwe starting from the 1st of February 2014 w...Published: 01 Dec 2013 at 04:11hrs | 1 | by Staff reporter
Corruption costs Zimbabwe US$12 billion
Zimbabwe has lost a cumulative US$12 billion in the last three decades through illegal financial outflows ranging from secret financial deals, tax avoidance and illegal commercial activities, a new r...Published: 15 Sep 2013 at 04:55hrs | 1 | by Staff Reporter
Statement by an IMF Mission to The Gambia for Concluding Discussions of the First Review of the ECF Arrangement
BANJUL, Gambia - An IMF mission led by Mr. David Dunn visited The Gambia during April 4-10, 2013, to conclude discussions on the first review of the authorities' macroeconomic and financial pro...Published: 15 Apr 2013 at 07:04hrs | 1 | by APO
Zimbabwe inflation expected to range between 3.7 and 5%
THE Government is optimistic the economy will continue on a growth path next year, with the rate of inflation expected to range between 3,7 and 5 percent.In his Budget Strategy Paper, Finance ...Published: 11 Oct 2011 at 04:47hrs | | by Business reporter
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