RBZ, business set for showdown over Statutory Instrument 127 of 2021

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 …

Lack of funding holds back seed industry

Lack of funding holds back seed industry By Newsday – June 3, 2021 BY FREEMAN MAKOPA ZIMBABWE’S seed producers said yesterday their operations have been affected by high bank interest rates and lack of access to funding. Zimbabwe Seed Association president John Mcrobert said high interest rates also meant that seed produced in the country would be …

Forex regulations seek to protect consumers

Forex regulations seek to protect consumers 3/6/2021    Deputy Minister Clemence Chiduwa Farirai Machivenyika Senior Reporter Teams from the Reserve Bank of Zimbabwe (RBZ) are already on the ground inspecting levels of compliance in the market, following the gazetting of Statutory Instrument 127 of 2021, and with those found on the wrong side face the …

TIMB urged to dump tobacco pricing matrix

TIMB urged to dump tobacco pricing matrix    Herald 3/6/2021 The mushrooming of contract floors has been largely blamed for disorderly marketing of tobacco Business Reporter The Tobacco Industry and Marketing Board (TIMB) needs to discard the price matrix used to determine minimum price of the contracted crop by coming up with a new model …

Key exchange control regulations on exports

Key exchange control regulations on exports Herald 3/6/2021   Godknows Hofisi This article is further to the one I wrote on 27 May 2021 titled “Overview of Exchange Control Regulations”. In that previous article I listed some measures, such as controls over imports and exports, used by Government to influence inflows and outflows of currency …

Hamara offers easy to grow chick breeds

Hamara offers easy to grow chick breeds   Chronicle 3/6/2021  Judith Phiri, Chronicle Reporter FARMERS continue to record success in their poultry production through some of the best products and easy- to-grow chick breeds being offered by Hamara Group Zimbabwe. Hamara’s newly-introduced chick breeds, which have been on the market for the past one-and-a-half year, …

Land degradation cause for concern

Land degradation cause for concern Chronicle 3/6/2021   Boitumelo Makhurane, Chronicle Reporter THE Environmental Management Agency (Ema) has appealed to residents to desist from illegal activities that lead to land degradation. The massive land degradation in the country has become a cause for concern. Precious lives of both humans and animals are being lost to …

Tobacco injects US$325m into economy

Tobacco injects US$325m into economy – NewsDay Zimbabwe 2/6/2021 BY FIDELITY MHLANGA TOBACCO sales had injected US$325 million into the economy on the 35th day of this marketing season, Tobacco Industry and Marketing Board (TIMB) data showed yesterday. The sector had generated US$210,6 million during the same time last year, a period when markets were …

Scattered rains expected tomorrow

Scattered rains expected tomorrow  Herald 2.6.2021  Elita Chikwati Agriculture Reporter Rain showers are expected over the eastern parts of the country tomorrow while the rest of the country should be mostly sunny and cold in the morning. In an update, the Meteorological Services Department said cloudy conditions and scattered rain showers are expected in areas …