Zimra urges voluntary tax compliance

Zimra urges voluntary tax compliance   Prince Sunduzani, Business ReporterTHE Zimbabwe Revenue Authority (Zimra) has called on businesses to embrace voluntary tax compliance saying levying penalties on defaulting clients is not an effective instrument. The private sector owes close to 80 percent of the estimated $4 billion tax debt, which has been growing over the years …

Govt dispels fuel shortage rumours

Govt dispels fuel shortage rumours   Thandeka Moyo, Chronicle ReporterThe Government yesterday dispelled rumours that there is a fuel shortage in the country saying there is no need for motorists to hoard the commodity. In a statement yesterday, Energy and Power Development Minister Simon Khaya Moyo said the situation is under control hence there is no …

UK avails $100 million for Zim firms

UK avails $100 million for Zim firms   Dr John Mangudya Auxilia Katongomara, Chronicle ReporterIn the biggest sign of thawing relations between Harare and London, the UK Government will inject $100 million to Zimbabwean companies as capital expenditure or working capital. Reserve Bank of Zimbabwe Governor Dr John Mangudya confirmed the development saying the facility would …

Command Agric to help Zim regain bread basket status, President says

Command Agric to help Zim regain bread basket status, President says   President Mnangagwa lays a wreath at the grave of the late Mr Pheneas Tagwirei in Shurugwi yesterday From Freedom Mupanedemo in ShurugwiZIMBABWE is on track to regain its bread basket for Southern Africa status under Command Agriculture which is proving to be a …

Zimbabwe’s lack of property rights have cut down its economy

Zimbabwe’s lack of property rights have cut down its economy   Source: Zimbabwe’s lack of property rights have cut down its economy | The Citizen Zimbabwe’s President Emmerson Mnangagwa, who received military training in China when he was a young liberation fighter, will be greeted by Chinese President Xi Jinping at the Great Hall of the People …

United Kingdom extends US$100m loan to Zimbabwe firms

United Kingdom extends US$100m loan to Zimbabwe firms Newsroom In a major foreign policy shift, the United Kingdom (UK) is teaming up with Standard Chartered Bank to lend Zimbabwean companies US$100 million, the first direct commercial loan to the country’s private sector in more than 20 years. In an article published by the Financial Times, …

Padenga says firm skin demand to drive profitability

Padenga says firm skin demand to drive profitability By Own Correspondent Padenga CEO Gary Sharp and CFO Oliver Kamundimu CROCODILE skin manufacturer Padenga Holdings says it expects to meet its target of 46,000 skins this year after commencing crocodile harvesting in March, with firm demand for the skins driving profitability.Chief executive Gary Sharp told shareholders …

$28m in benefits lie unclaimed: Ipec

$28m in benefits lie unclaimed: Ipec newsday THE Insurance and Pension Commission of Zimbabwe (Ipec) says pension funds have more than $28 million worth of unclaimed benefits, a symptom of lack of knowledge, which is one of the problems burdening the insurance sector. By Melody Chikono Speaking at the Zimbabwe Association of Pension Funds (ZAPF) …

Empowering communities to evaluate their knowledge

Empowering communities to evaluate their knowledge newsday eMKambo is increasingly meeting rural communities that have been schooled into valuing tangible assets like dams and tractors at the expense of intangible assets like knowledge on how to earn more value from those assets. By CHARLES DHEWA In agricultural communities where assets like irrigation schemes and roads …

Farmers appeal to govt for funds

Farmers appeal to govt for funds newsday FARMERS in the Sadc region have appealed to their governments for funds and friendly policies to resuscitate agriculture amid revelations that all African countries only produce about 4% annually. By Nokuthaba Dlamini Delegates to the Southern African Confederation of Agricultural Unions (Sacau) conference which ended yesterday in Victoria …