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Zimbabwe's gold output surges 33%
Zimbabwe's gold production surged by 33 percent in the third quarter of 2024, with output rising to 10.3 tonnes, compared to 7.7 tonnes in the previous quarter, according to official data from Fidelit...Published: 30 Oct 2024 at 07:53hrs | 144 | by Staff reporter
New Zealand's groundbreaking move toward regulating online casinos
The New Zealand government has taken a significant step toward regulating its online casino industry, marking a pivotal moment in the country's gambling landscape. As the popularity of online gambling...Published: 28 Oct 2024 at 13:03hrs | 162 | by Staff Reporter
Foreign mining companies should follow Zimbabwe laws
Foreign mining companies must ensure their operations in Zimbabwe benefit indigenous citizens, who are the rightful owners of the country's natural resources. This was the message from Remigious Matan...Published: 03 Oct 2024 at 08:40hrs | 146 | by Staff reporter
South Africa energy poverty to deepen
I want to talk to you about the attached report. It is available online.The report is about the future of European competitiveness and outlines a competitiveness strategy for Europe in Septemb...Published: 11 Sep 2024 at 13:45hrs | 210 | by Engineer Matšhela Koko
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 361 | by Staff reporter
Benefits of Having the Maltese Passport for Retired Footballers
For retired footballers looking to enjoy their golden years, obtaining a Maltese passport can open up a world of opportunities. One of the key benefits of having a Maltese passport is the ability to t...Published: 29 Jul 2024 at 12:16hrs | 522 | by Staff Reporter
Cost-cutting money transfer facility launched
In the wake of liquidity crunch, economic meltdown and massive transaction taxation on remittances, TX Money Transfer has been launched this Wednesday to ease doing of business.The facility ha...Published: 11 Jul 2024 at 14:36hrs | 191 | by Edson Mapani in Buhera
IMF to visit Zimbabwe next month
The International Monetary Fund (IMF) is scheduled to visit Zimbabwe this month for its Article IV consultation mission amid concerns about the country's economic trajectory. The mission will ...Published: 09 Jun 2024 at 09:10hrs | | by Staff reporter
Gift Mabhaudhi successfully advocates for removal of taxes on devices for persons with disabilities
Renowned ZANU PF DCC leader and disability rights activist, Gift Mabhaudhi, has recently achieved a major victory in the ongoing battle for fair treatment and accessibility for persons with disabiliti...Published: 13 Apr 2024 at 17:10hrs | 8 | by Nkululeko Nkomo
Internet providers bemoan high taxation
ZIMBABWE'S internet access providers (IAPs) have raised concern about high taxes which they claim are impeding their ability to operate and forcing them to pass the costs to customers, Standardbusines...Published: 07 Apr 2024 at 10:22hrs | 1 | by Staff reporter
Enos Nkala's property detroyed
THE widow of the late veteran nationalist and National Hero, Enos Nkala, has been left in shock after a tenant who was occupying the family's business premises at Mbalabala along the Bulawayo-Beitbrid...Published: 24 Mar 2024 at 14:57hrs | | by Staff reporter
Court grants farm ownership to tenant after 30 years of rent
IN a landmark ruling, the High Court of Zimbabwe has declared that a tenant can take ownership of a property in which one has been consistently paying for rates and rentals for a period of 30 years....Published: 10 Mar 2024 at 06:27hrs | 8 | by Staff reporter
Zimbabwe treasury exposes abuse of sugar tax for profiteering
GOVERNMENT has condemned the abuse of the Beverages Sugar Content Tax and other tariff measures by some businesses that deliberately misinterpret clear policy propositions for profiteering while unjus...Published: 28 Feb 2024 at 06:27hrs | | by Staff reporter
Exploring the new mines and taxation law
In Zimbabwe, the Finance Act No. 13 of 2023, specifically Section 26(3), introduces a unique provision regarding the taxation of mining titles. This legislation imposes a special capital gains tax on ...Published: 26 Feb 2024 at 14:18hrs | 1 | by Clifford S. Ncube
Zimbabwe rural teachers declare poverty, strike
RURAL teachers have downed their tools after officially declaring incapacitation to the government as a new wave of price increases is pushing the cost of living to astronomical levels.In an i...Published: 12 Feb 2024 at 13:53hrs | 2 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 10 | by Staff reporter
Zanu-PF's aspiring MP told to stop promising heaven on earth after failing for 44 years
Residents of the Pelandaba - Tshabalala Constituency have emphatically conveyed to Zanu-PF candidate Joseph Tshuma that making promises holds no sway with them, as they have grown weary of the party's...Published: 23 Jan 2024 at 04:47hrs | 1 | by Staff reporter
Heavy tax chews up Zimbabwe civil servants' US$300 salary
CIVIL servants have bitterly protested over the government's heavy taxation of their United States dollar salary component, which is leaving them with little US$ disposable income. The government rece...Published: 22 Jan 2024 at 10:38hrs | 3 | by Staff reporter
Zimdollar exchange rate bolts
MARKET watchers have predicted a gloomy 2024 outlook amid a galloping exchange rate, steep taxation and an ever tanking economy, NewsDay reported.As usual, this is heavily impacting on ordinar...Published: 08 Jan 2024 at 05:36hrs | 8 | by Staff reporter
Zimbabwe prices soar as new taxes kick in
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures.Meat dealers have indicated that...Published: 05 Jan 2024 at 05:53hrs | 9 | by Staff reporter
CCC MPs sold out
THE Citizens Coalition for Change (CCC) on Thursday had a bloodrush to the head. They caused a mini commotion in the National Assembly and took with them down the people of Zimbabwe when they received...Published: 17 Dec 2023 at 18:09hrs | | by Paidamoyo Muzulu
Our natural resources are our taxes
Dear Finance Minister, Prof Mthuli NcubeSurely, why the 1% property tax, let us tax our minerals. Zimbabwe is considered rich in minerals because it possesses significant quantities of v...Published: 09 Dec 2023 at 14:15hrs | 9 | by Engineer Jacob Kudzayi Mutisi
Retailers want zero VAT restored on basics
THE Confederation of Zimbabwe Retailers has called on Finance, Economic Development and Investment Promotion Minister Mthuli Ncube to reverse proposals to introduce Value Added Tax on a small range of...Published: 06 Dec 2023 at 05:04hrs | 7 | by Staff reporter
Mthuli Ncube targets revenue from backyard chicken producers, informal businesses
Unregistered small businesses reaping profits from the country's money-spinning environment could soon find themselves elbowed out of the supply chain, finance minister Mthuli Ncube said recently, as ...Published: 04 Dec 2023 at 06:53hrs | 7 | by Staff reporter
Chamisa's CCC borrows poor language from Nerves Mumba
IN A WHAT COMES ACROSS AS A POOR CASE OF BORROWING poor language from Nerves Mumba's controversial Sadc Electoral Observation Mission on Zimbabwe's 2023 harmonised general election, Nelson Chamisa's C...Published: 03 Dec 2023 at 18:23hrs | 6 | by Jonathan Moyo
'Zimbabweans are already overtaxed'
AMERICAN financial literacy website, Investopedia defines 'wealth tax' as a tax based on the market value of assets owned by a taxpayer.A wealth tax is typically put on a 'high-net-worth' indi...Published: 03 Dec 2023 at 17:37hrs | 8 | by Staff reporter
A sad Christmas present from clueless Mthuli Ncube
The just presented 2024 budget by Prof Mthuli Ncube has left Zimbabweans in shock. This is the worst budget ever produced by minister of Finance since independence and the colonial era.It has ...Published: 02 Dec 2023 at 10:39hrs | 8 | by Leonard Koni
Mthuli Ncube's budget has strong traits of capitalism
THE Zimbabwe Congress of Trade Unions (ZCTU) has slammed the just passed 2024 National Budget describing it as largely anti-welfare.This follows the tabling of a ZW$58,2 trillion National Budg...Published: 02 Dec 2023 at 05:45hrs | 7 | by Staff reporter
Mthuli Ncube's 2024 budget a 'mass misery'
OPPOSITION legislators yesterday accused Finance minister, Mthuli Ncube, of condemning millions of citizens to a life of misery with an anti-people budget containing a basket of tax increases beginnin...Published: 01 Dec 2023 at 04:59hrs | 6 | by Staff reporter
Zimbabwe's an anti-poor budget
Finance, Economic Development and Investment Promotion minister Mthuli Ncube yesterday presented the ZWL$58,2 trillion 2024 national budget.According to the Treasury chief, the economy is proj...Published: 01 Dec 2023 at 04:55hrs | 7 | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 9 | by Staff reporter
Mthuli Ncube's budget dilemma
DON'T tell me what you value, show me your budget and I'll tell you what you value:" Joe Biden.Ordinarily, Finance minister Mthuli Ncube should have presented the ZWL$47,8 trillion 2024 nation...Published: 25 Nov 2023 at 07:59hrs | 7 | by Paidamoyo Muzulu
Zimbabwe's Cross Border traders commend price stability measures
The Zimbabwe Cross Border Traders Association (ZCBTA) has commended authorities for implementing comprehensive measures that have contributed to price stability. The recognition follows the maintenanc...Published: 23 Nov 2023 at 05:45hrs | | by Staff reporter
Shortages of goods in Zimbabwe under probe
Industry and Commerce Minister Dr. Sithembiso Nyoni has addressed the artificial shortage of some essential goods in Harare's formal market, with a focus on ensuring price stability. During an engagem...Published: 25 Oct 2023 at 06:34hrs | | by Staff reporter
AI and the Architecture of Governance: Redefining Politics, Welfare, and Wealth Distribution
Introduction: Artificial Intelligence (AI) is poised to revolutionize the architecture of governance, transforming the way societies are managed and how...Published: 15 Oct 2023 at 10:53hrs | 1 | by Tedious Teddy Ncube
Adam Molai's Pacific Cigarette Company forced into voluntary corporate rescue
Pacific Cigarette Company (PCC), led by local business magnate Adam Molai, has voluntarily initiated corporate rescue proceedings due to a substantial $19 million tax liability. This move comes amid a...Published: 09 Oct 2023 at 16:00hrs | 90 | by Staff reporter
How taxation and royalties work in Zimbabwe's mining industry
The mining industry in Zimbabwe is not only rich in mineral resources but also subject to a nuanced taxation and royalty framework. In this article, we delve into the special rules governing taxation ...Published: 05 Oct 2023 at 11:10hrs | 79 | by Clifford S. Ncube
Zimra ramping up efforts to combat revenue leakage and corruption
Zimbabwe Revenue Authority (Zimra) is ramping up efforts to modernize its systems to combat revenue leakage and corruption, according to a report by Standardbusiness.Income leakages and corrup...Published: 01 Oct 2023 at 14:34hrs | | by Staff reportetr
A vote not cast, is a future lost
SOME citizens think that voting is a waste of time. Many a time, these people don't think that their circumstances can be changed by voting because of the assumption that associates politics with dirt...Published: 18 Aug 2023 at 06:58hrs | 1 | by Nicholas Aribino and Cyprian Muchemwa
Zimbabwe govt increases tax-free threshold
GOVERNMENT has increased the tax-free threshold to $500 000 from $91 000 with effect from August 1 to boost Zimbabweans' disposable incomes who earn in local currency in the face of a rising cost of l...Published: 10 Aug 2023 at 06:43hrs | 24 | by Staff reporter
fastjet commits to Zimbabwe, regional connectivity
As the tourism sector improves following a decline between 2020 and 2022 due to the Covid-19 pandemic, airlines are beginning to record meaningful business. With Zimbabwe largely improving the ease of...Published: 07 Aug 2023 at 21:49hrs | 7 | by Staff reporter
Ten percent of what CEOs earn for general workers
HARARE - (ZimStat) Zimbabwe National Statistics Agency has released what most unionists alleged is a damning review analysis of the current cost of living which they said had jumped upwards by 10.4 pe...Published: 07 Aug 2023 at 20:09hrs | | by Maxwell Teedzai for Table Salt News
I am a descendant of Allan Wilson, says presidential candidate
The August 23 harmonised elections are fast approaching with just over two weeks left. As The Herald continues to profile Presidential candidates, our reporter Wallace Ruzvidzo (WR), caught up with th...Published: 07 Aug 2023 at 06:38hrs | 10 | by Staff reporter
Zimbabwe loses more than US$23b through IFFs
Zimbabwe lost more than US$23 billion through illicit financial flows (IFFs) between 1980 and 2018, a new report compiled by the African Development Bank (AfDB) shows.Other sources, however, s...Published: 06 Aug 2023 at 08:25hrs | 6 | by Staff reporter
Fuel smuggling hampers growth
FUEL smuggling into Zimbabwe is hampering the Government's revenue collection, and has become a threat to economic growth, despite tax and law enforcement authorities' efforts to curb the scourge....Published: 20 Jun 2023 at 06:46hrs | | by Staff reporter
Zimdollar on the verge of complete rejection
THE Zimbabwe dollar, which was reintroduced by the Reserve Bank of Zimbabwe (RBZ) in 2019, is on the verge of collapse and complete market rejection.The local unit is incessantly plummeting ag...Published: 16 Jun 2023 at 07:54hrs | 1 | by Zimbabwe Coalition on Debt and Development
Econet pays $89bn in statutory obligations
ECONET Wireless Zimbabwe contributed $89 billion to the Government coffers through various statutory payments in the financial year ended 28 February 2023.The amount is a significant jump of 2...Published: 06 Jun 2023 at 06:21hrs | | by Staff reporter
EcoCash posts $4,76bn loss
ECOCASH Holdings Zimbabwe Limited (EHZL) has posted a $4,76 billion loss for its financial year ended February 28, 2023 owing to monetary exchange losses worth $30,1 billion linked to its failure to r...Published: 02 Jun 2023 at 06:44hrs | | by Staff reporter
Low tariffs chew into Econet earnings
ECONET Wireless Zimbabwe (EWZ) has posted a near $17 billion loss for the year ended February 28, 2023, owing to a 317,14% increase in exchange losses during the period as the local currency tumbled....Published: 01 Jun 2023 at 06:45hrs | | by Staff reporter
How worried should we be about income inequality?
How worried should we be about Income Inequality actually? We worry plenty about its opposite. Forced economic equality is socialism. It is unZimbabwean to be for socialism. But Zimbabwe's strength is...Published: 29 May 2023 at 23:14hrs | | by Kumbirai Thierry Nhamo
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