DDF requires $200 million to revitalise operations

DDF requires $200 million to revitalise operations   8/2/2019 The Chronicle Pamela Shumba, Senior Reporter GOVERNMENT requires about $200 million to revitalise the District Development Fund (DDF) so that it can operate at full capacity to ensure rural development and uplift the living standards of the rural people. DDF is involved in construction and rehabilitation …

‘No prosperity without austerity’

‘No prosperity without austerity’   8/2/2019 The Chronicle Mthuli Ncube OVER the past year, there has been much talk about Vision 2030, our national growth strategy to transform Zimbabwe into a Prosperous and Empowered Upper Middle Income Society by the end of the next decade. There has been less talk, however, about how we are …

Drought threatens to wipe out Chiredzi livestock

Drought threatens to wipe out Chiredzi livestock    7/2/2019 Source: Drought threatens to wipe out Chiredzi livestock | Newsday (News) THE prolonged drought is threatening to wipe out Chiredzi’s herd as over 200 cattle are dying every week due to lack of pasture, according to a report by the district administrator. BY GARIKAI MAFIRAKUREVA/NQOBANI NDLOVU Most …

Monetary policy: Return of the Zimdollar

Monetary policy: Return of the Zimdollar       Source: Monetary policy: Return of the Zimdollar – NewsDay Zimbabwe February 7, 2019 THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is due to release the monetary policy and the policy position is highly anticipated against the sustained monetary related macro-economic deficiencies. As a symptom, the economy has endured …

Dairibord closes over 50% of its plants

Dairibord closes over 50% of its plants – NewsDay Zimbabwe   7/2/2019 BY MISHMA CHAKANYUKA/ RUTENDO MATANHIKE Dairibord Zimbabwe Holdings says it has closed more than half of its plants across the country due to low milk volumes. The company had seven plants operating in Zimbabwe, but has closed down four of them. Chief executive, …

Call to revive irrigation schemes

Call to revive irrigation schemes   7/2/2019 The Herald Tawanda Mangoma in CHIREDZI Traditional leaders in Chiredzi have exhorted Government to set aside funding for the rehabilitation of dysfunctional irrigation schemes which have the potential to add more than 2 000 hectares towards food production in the district. Rehabilitation of the schemes will make Chiredzi …

Wet spell to last till tomorrow, says Met Department

Wet spell to last till tomorrow, says Met Department   7/2/2019 The Herald Ellen Chasokela Herald Reporter The wet spell being experienced in some parts of the country is expected to continue until tomorrow, the Meteorological Services Department (MSD) has said. MSD meteorologist Mr Benjamin Kwenda said some provinces were likely to experience rains accompanied …

Understanding Specified Assets for the purposes of calculating Capital Gains Tax

Understanding Specified Assets for the purposes of calculating Capital Gains Tax   7/2/2019 The Chronicle What is Capital Gains Tax? CAPITAL Gains Tax (CGT) is tax that is levied on the capital gain arising from the disposal of a specified asset. Capital gains tax is administered through the Capital Gains Tax Act [Chapter 23:01]. What …