Commercial Farmers' Union of Zimbabwe
High costs affect Zim competitiveness – November 17, 2017 THE country’s cost of liquidity, power, labour, water, transport and finance are abhorrent to competitiveness, a new report has shown. BY FIDELITY MHLANGA According to the Zimbabwe National Competitiveness Report (ZNCR) released by the National Economic Consultative Forum (NECF), liquidity cost was high due to transactions …
Bank disburses US$63m for agric season 0 November 19, 2017 11:15 AM Livingstone MarufuAGRIBANK has disbursed over $62,4 million under various facilities for the 2017-2018 summer cropping season as part of efforts to increase agricultural production. Source: Bank disburses US$63m for agric season | The Sunday Mail Nov 19, 2017 The bank, which has since been directed …
Agric goods imported duty free November 16, 2017 Business, Top Stories It is that time again when farmers are preparing for the beginning of the forth-coming cropping season. The Customs and Excise Tariff and Value Added Tax (VAT) Regulations provide lower rates for the importation of critical agricultural goods. The table below shows a list of some agricultural …
SEZs need sound investment system: Mudenda Advocate Jacob Mudenda Oliver Kazunga in Victoria FallsTHE 2018 fiscal policy statement should provide a sound investment framework to ensure the success of Special Economic Zones (SEZs) and mobilisation of domestic resources to foster economic growth. The Speaker of Parliament, Advocate Jacob Mudenda, said this yesterday while officially …
Zim inflation to quicken – IMF – October 31, 2017 THE International Monetary Fund (IMF) predicts Zimbabwe’s inflation to quicken, in light of the recent price increments and high premiums on the parallel market. BY TATIRA ZWINOIRA This comes as the IMF has listed Zimbabwe as one of the 20 countries in a “fragile situation” …
Towards a people’s national budget October 27, 2017 in Analysis, Comment, Opinion The national budget essentially entails the use of government spending and revenues to influence the economy. Governments typically use the national budget (also known as fiscal policy) to promote strong economic growth and reduce poverty. Prosper Chitambara,Economist The budget must influence both the process of generation and …
Fiscalisation, interfacing obligations for VAT registered operators October 26, 2017 Business Fiscalisation refers to the use of fiscal devices to record taxable transactions and other tax information on the read-only fiscal memory at the time of sale for Value Added Tax (VAT) purposes. It was introduced in Zimbabwe on 8 June 2010 through Statutory Instrument 104 of …
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Millers in US$35m foreign payment arrears October 19, 2017By Ndakaziva Majaka, Deputy Business Editor Grain Millers Association of Zimbabwe chairperson, Tafadzwa Musarara GRAIN Millers Association of Zimbabwe (GMAZ) members still owe foreign suppliers over US$34,7 million for wheat imported during the 2016 season due to foreign payment challenges in the country.According to a fresh court application …
Government repeals imports restriction law Chronicle 20 October 2017 Prosper Ndlovu in Harare THE Govermment has repealed Statutory Instrument 64 of 2016 and consolidated various import licensing regulations under the newly gazetted Statutory Instrument 122 of 2017, Industry and Commerce Minister, Dr Mike Bimha, said yesterday. The move is part of broader Government efforts to …
Who is IPEC? October 11, 2017 Business The Insurance and Pensions Commission is a statutory body that was created through an Act of Parliament – the Insurance and Pensions Commission Act [Chapter 24:21] to regulate the insurance and pensions industry in Zimbabwe. The Commission’s principal function is to protect the interests, rights and benefits of insurance and …