Commercial Farmers' Union of Zimbabwe
Special Economic Zones now operational 3-3 minutes GOVERNMENT has passed a statutory instrument on Special Economic Zones (SEZs), which effectively brings them into full operation. BY MTHANDAZO NYONI Statutory Instrument (SI) 154 of 2018 was gazetted on August 17, 2018. The gazette stipulated the fees for every application for a developer, operator or investment, …
Zimra descends on tax defaulters Source: Zimra descends on tax defaulters | Daily News HARARE – The Zimbabwe Revenue Authority (Zimra) has launched an operation targeting companies and individuals that have defaulted on their tax obligations. This comes as the national tax collector’s July gross collections increased by 20,80 percent to $406,13 million from its monthly …
Voluntary disclosure of customs, excise offences The Herald This article covers the Voluntary Disclosure programme that is running between July 2018 and December 2018 in as far as it refers to offences relating to the Customs and Excise provisions. Zimra has recorded a number of varying offences. It is against this backdrop that the …
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Profeeds, National Foods merger blocked National Foods company in Bulawayo Prosper Ndlovu, Business EditorTHE Competition and Tariff Commission (CTC) has blocked the proposed horizontal merger between diversified milling conglomerate, National Foods Limited’s stock feed unit with Profeeds (Pvt) Limited on the grounds that the move would create a monopoly that could stifle fair competition in …
Banks in bid to raise US$200m Zimbabwean financial institutions are seeking prescribed asset status for more than US$200 million worth of bonds to finance the agricultural sector. By Kuda Chideme The concept of prescribed assets requires pension funds to allocate a set amount of funding in government or parastatal bonds. “The Insurance and Pensions …
Seed Co sitting on US$40m TBs: FD Seed Co will use the US$40 million realised upon the maturity of its stock of Treasury Bills (TBs) in the next quarter to clear its debts and pay farmers for seed deliveries, a company official says. By Melody Chikono Seed Co financial director John Matorofa told businessdigest …
Zimra supporting voluntary tax compliance Source: Zimra supporting voluntary tax compliance | The Herald August 16, 2018 Zimra The Zimbabwe Revenue Authority was established in terms of the Revenue Authority Act [23.11]. In carrying out its mandate Zimra provides a number of support programs to assist taxpayers comply with tax laws. Taxpayers can take advantage of these …
Investment opportunities in listed agro-allied industries Tapuwa MashangwaTHE elections have come and gone and a new dawn is approaching for Zimbabwe. Already Foreign Direct Investment commitments into the country have been on the positive trajectory over the last six months. The economic sectors already benefiting from this progress encompass the manufacturing, industrial, tourism, banking, …
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RTGS: Real time gross settlement Morris Mpala, MoB Capital LtdRTGS, as is generically called, is a system that aid bank to bank settlements of individual banking clients. It is a platform that was devised to deal with the checking system, which was being used in yester-years as it gave “real-time value”. This interbank settlement …
EMA demands payment in hard currency IN a subtle admission that the surrogate currency, the bond notes has lost value against the US dollar, government arm Environmental Management Agency (EMA) is now demanding hard currency from all foreign-registered vehicles. BY BLESSED MHLANGA EMA said it will be collecting hard currency for all foreign-registered vehicles …