Correction of Media Misinformation about Re-registration of Companies

BILL WATCH 76/2020 [20th November 2020] Correction of Media Misinformation about Re-registration of Companies This bulletin is distributed in the public interest to correct misleading information published in the last few days in both electronic and print media about the statutory deadline for the re-registration of companies and private business corporations in terms of the …

Statement by Minister on Joint Ventures on A1 and A2 Properties

Statement by Minister on Joint Ventures on A1 and A2 Properties Joint Venture Agreement Amended 13 November 2020 In regards to this please note that: the notice applies to both current and future JVs, submission by the 30th Nov is for those seeking protection. Submission should be at Ministry HQ who can be contacted on …

Govt to centralise control of State firms

Govt to centralise control of State firms  Herald 27/11/2020   Professor Ncube Martin Kadzere  Senior Business Reporter THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Minister Professor Mthuli Ncube said yesterday.  Zimbabwe has a decentralised SEPs ownership model, where the …

A growth-centred Budget

A growth-centred Budget The Herald 27/11/2020 Tawanda Musarurwa Senior Business Reporter Boosting production, getting infrastructure fixed and expanded, supporting the vulnerable and increasing the spending power of ordinary people are the main planks of the 2021 National Budget presented by Finance and Economic Development Minister Professor Mthuli Ncube yesterday. In addition, as the minister stressed, …

Tax Clearance Certificate

Tax Clearance Certificate Herald 26/10/2020   A Tax Clearance Certificate is a certificate (ITF 263) issued by the Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) to a taxpayer as confirmation that their tax affairs are up to date or has made satisfactory arrangements with their nearest ZIMRA to update their tax obligations. Benefits of …

Labour matters: Personal cell phones at work

Labour matters: Personal cell phones at work Chronicle 26/11/2020   Many workers take advantage of the fact that the employer looks aside when they are on WhatsApp handling private business and assume there is nothing wrong with such conduct. Davies Ndumiso Sibanda MANY workers work with their cell phones by their side and from time …

Compensating white former farmers: Where will the money come from?

Compensating white former farmers: Where will the money come from? Standard 22/11/2020 On July 29 the government of Zimbabwe announced a US$3,5 billion compensation for the former large-scale commercial farmers whose land was compulsorily acquired through the fast track land reform programme of 2001. In the announcement, government clarified that the compensation was for improvements …

Land and compensation in Zimbabwe: frequently asked questions

Land and compensation in Zimbabwe: frequently asked questions  0  November 23, 2020 5:09 PM Source: Land and compensation in Zimbabwe: frequently asked questions | zimbabweland The debate about compensation of former white farmers in Zimbabwe continues to rage. The compensation agreement signed in July agreed a total amount of US$3.5 billion to pay for ‘improvements’ to the land …

Employee dismissal must be driven by reason

Employee dismissal must be driven by reason  Chronicle 19/11/2020   Davies Ndumiso Sibanda WHEN many disciplinary cases are started, employers will not have applied their minds fully to the implication of what they will be doing only to realise the real implications when the legal costs far outweigh the benefits. The starting point is for …