$120 million facility for oilseed

$120 million facility for oilseed August 31, 2017By Tabitha Mutenga, Features and Supplements Editor Zimbabwe requires about 800 000 tonnes of oilseeds. THE Oilseeds Association of Zimbabwe (OSAZ) has unveiled a $120 million irrigation facility for oilseeds producers to enhance productivity and provide stability to the oil extraction production chain for the next five years.The funding …

Tobacco earns $556m

Tobacco earns $556m August 31, 2017By Zebb Chakawa Tobacco planting for the 2017/2018 season is expected to commence on September 1 ZIMBABWE earned $556 million from 188 million kilogrammes of tobacco crop sold during the selling season which closed August 11, official figures show.Sales at the country’s three auction floors raked in $88 million from 31 …

Why support for local farmers is vital

Why support for local farmers is vital The Herald 1 September 2017 Elita Chikwati Agriculture Focus Zimbabwean farmers have over the years, since the agrarian revolution began, gained confidence to move from maize production into other cash crops such as tobacco and wheat. They argue that while they are willing to grow maize for Zimbabwe’s food …

‘VAT withholding tax threatens companies’

‘VAT withholding tax threatens companies’ Chronicle 1 September 2017   Africa Moyo, Business Reporter The Confederation of Zimbabwe Industries (CZI) is calling for removal of the 10 percent VAT withholding tax levied on both manufacturers and distributors arguing it threatens the two sectors’ viability. With effect from July 1, 2017, the Zimbabwe Revenue Authority (Zimra) …

Egg production tumbles in H1

Egg production tumbles in H1 August 31, 2017 in Business THE egg-producing industry tumbled by 26% to 21 million dozen of eggs in the first half of the year after small-scale producers slowed down production, an official has said. BY MTHANDAZO NYONI Zimbabwe Poultry Association chairperson Solomon Zawe said egg production suffered tremendously in the first half …

Egg imports continue despite killer ban over avian influenza

Egg imports continue despite killer ban over avian influenza August 31, 2017 in National, News BULAWAYO residents are reportedly still importing eggs from South Africa despite a recent government ban to contain the outbreak of avian influenza, Southern Eye has learnt. BY MTHANDAZO NYONI Zimbabwe was hit by two outbreaks of the highly pathogenic bird flu in May …

ZHRC’s harrowing Manzou tales

ZHRC’s harrowing Manzou tales August 31, 2017 in National, News THE Zimbabwe Human Rights Commission (ZHRC) has detailed harrowing tales of State brutality against defenceless villagers in the forced evictions of more than 100 families from a conservancy eyed by First Lady Grace Mugabe in the rich Mazowe Valley. BY RICHARD CHIDZA First Lady Grace Mugabe President Robert …

Power of knowledge-driven classification of value chain actors

Power of knowledge-driven classification of value chain actors The Herald 31 August 2017 High value commodities Charles Dhewa Correspondent eMKambo has figured out that one way of differentiating public agricultural knowledge from commercial knowledge is fully understanding the demand side. From eMKambo experiences, a farmer looking for price information is new to the game. The one …

Prohibited deductions for Income Tax purposes

Prohibited deductions for Income Tax purposes The Herald 31 August 2017 There are certain deductions which are prohibited in terms of Section 16 of the Income Tax Act [Chapter 23:06]. Taxpayers should not deduct these amounts from their gross income when calculating taxable income. Prohibited expenses in the calculation of taxable income The following are some …