Zim signs off wildlife royalties

Zim signs off wildlife royalties By Newsday – November 14, 2019 By Richard Muponde ZIMBABWE is reportedly set to lose millions of dollars in royalties after it signed a grey deal on wildlife conservation with the United States-based International Fund for Animal Welfare (IFAW) in September this year. The deal reportedly covers a moratorium on culling of …

Initiative to support agric

Initiative to support agric  Herald 15/11/2019   Deputy Minister Haritatos Government in partnership with Food and Agricultural Organisation (FAO), has launched Agrinvest, an initiative meant to mobilise more support for the agriculture sector. The initiative will see the agricultural sector becoming the bedrock of the economy that creates jobs, reduces imports, increases exports and improves …

Pensions should be hedged against inflation

Editorial Comment: Pensions should be hedged against inflation    Herald 15/11/2019 Thousands of pensioners countrywide are living in poverty after the value of their pensions accumulated over the years was eroded by inflation. Most pensioners receive paltry monthly payouts, which are too little to live on. Those who yearned for comfort in retirement, have been …

DDF launches free tillage scheme

DDF launches free tillage scheme  15 NOV, 2019 – 00:11  0 COMMENTS 1 IMAGES     Patrick Chitumba, Midlands Bureau Chief  THE District Development Fund (DDF) yesterday launched the free tillage programme targeting small holder farmers in Lower Gweru.  Addressing villagers while officially launching the programme, Midlands Provincial Affairs Minister Larry Mavima said Government is assisting small holder …

Gwayi-Shangani Dam project allocated $400m in Budget

Gwayi-Shangani Dam project allocated $400m in Budget  Chonicle 15/11/2019   Nqobile Tshili, Chronicle Reporter THE Gwayi-Shangani Dam in Matabeleland North province, one of the strategic development projects under the water and sanitation cluster, has been allocated $400 million in the 2020 National Budget, the Minister of Finance and Economic Development, Professor Mthuli Ncube, said yesterday. Prof …

Minister tackles subsidy distortions

Minister tackles subsidy distortions   Chronicle 15/11/2019  Minister Mthuli Ncube Prosper Ndlovu, Business Editor TREASURY has adopted a targeted subsidy model to curb market distortions arising from the previous blanket subsidy schemes that were being abused by some sectors of the economy.  The measure includes application of a single exchange rate system to further remove unbudgeted …

Budget goes pro-people

Budget goes pro-people  Chronicle 15/11/2019   President Emmerson Mnangagwa with Vice President Kembo Mohadi (left) and Minister of Finance and Economic Development, Professor Mthuli Ncube (right) at the presentation of the 2020 National Budget Statement in Harare yesterday Africa Moyo, Harare Bureau FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday presented a pro-people 2020 National …

Income Tax (Transfer Pricing Documentation)

Income Tax (Transfer Pricing Documentation)  Chronicle 14/11/2019   ZIMRA Income Tax (Transfer Pricing Documentation) Regulations, were gazetted on 10th May 2019. These regulations became effective on that date. The regulations outline the documentation that should be maintained by taxpayers for the purposes of transfer pricing. (1) Required documents A taxpayer must have in place contemporaneous …