Category: Finance & Economics

RBZ, business set for showdown over Statutory Instrument 127 of 2021 eDuzeNet6 Byo24 3/6/2021 The Confederation of Zimbabwe Industries (CZI) wants the government to suspend the “heavy handed” decree promulgated last week as it has the potential to kill market confidence. Statutory Instrument (SI) 127 of 2021 gazetted last week  gives the central bank teeth …

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Government foregoes US$2,3bn through tax incentives  Chronicle 28/5/2021   Minister Monica Mutsvangwa Prosper Ndlovu, Business Editor GOVERNMENT has tightened its subsidies issuance framework to curb economic leakages amid reports Treasury has sacrificed up to US$2.3 billion in potential revenue through granting of tax incentives between 2011 and 2019 as part of efforts to stimulate productive …

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Is your house in order: Plan your estate  Sunday Mail 9/5/2021   Arthur Marara “My papers are in order, and I pray for an order in terms of the draft”, this is the recital that I was taught when I was being prepared to go to the “motion roll” in my very early years of …

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Voting at meetings of creditors during liquidations Herald 22/4/2021     After a creditor has submitted a claim it has to be admitted if the claim satisfies the meeting’s presiding officer Godknows Hofisi In simple terms, liquidation refers to the winding up of an insolvent debtor entity (juristic person such as a company) or an insolvent …

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Economic nationalism should not scupper the AFCFTA   Herald 8/4/2021  Business Reporter The new African Continental Free Trade Area (AFCFTA) is a potential game changer for many economies in the region, but there is need for governments to fight the urge to protect the broader economic vision from threats of narrow national interests. Start of …

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First, special meetings of creditors in liquidations Herald 8/4/2021   Godknows Hofisi Introduction In simple terms, liquidation refers to the winding up of an insolvent debtor entity (juristic person) or an insolvent estate of a natural person. It usually involves the sale of the insolvent debtor’s assets, payment of liquidation costs and payment (usually in …

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Agriculture growth, commodity price recovery cushions sub-Saharan Africa: World Bank Chronicle 8/4/2021   Business Reporter STRONG agricultural growth and a faster-than expected recovery in commodity prices has helped African economies to withstand economic shocks induced by the deadly Covid-19 pandemic, the World Bank has said. Although Sub-Saharan Africa’s economic growth is estimated to have contracted …

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E-services password reset on Zimra portal Chronicle 18/3/2021   MOST taxpayers face challenges in resetting their passwords for e-services on ZIMRA portal. Detailed below are steps to follows. Kindly use the following Forgot/ Reset Password procedure and check for the default password in inbox or trash/junk folder: Visit the ZIMRA portal page on internet by …

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Why your company needs a shareholders’ agreement Herald 17/3/2021   Jacob Mutevedzi Launching a business can be so exciting that it is difficult to imagine that anything might go wrong. This is especially the case if one is venturing into business with loved ones.  Despite our best wishes, business relationships, just like marriages, tend to …

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Direct property investments ‘a risky bet’ Herald 17/3/2021   Tawanda Musarurwa  Senior Business Reporter Investors eyeing real estate portfolios are better off investing in listed property or real estate investment trusts (REITs) as returns from direct property investments have been weakened by current inflationary pressures, experts say.  The local property sector has generally lagged exchange …

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