Commercial Farmers' Union of Zimbabwe
Agriculture runs $120m budget deficit 0 September 1, 2017 2:58 PM Source: Agriculture runs $120m budget deficit | Daily News Staff Writer • 1 September 2017 HARARE – Although Zimbabwe experienced improved harvest due to Command Agriculture, estimates suggest that government budget deficit will increase by nearly $120m this year due to a maize subsidy. At least …
Banks accept 99-year leases 1 September 3, 2017 4:14 PM Livingstone MarufuFARMERS armed with 99-year leases can now access loans to finance farming upon meeting conditions set by the banks, ending years of a bitter row between Government and bankers over the bankability of the leases. Source: Banks accept 99-year leases | The Sunday Mail Sep 3, …
High risk affects agriculture funding August 31, 2017By Own Correspondent The Reserve Bank of Zimbabwe has been advised to incentivise banks to have microfinance units that effectively service smallholder farmers in order to encourage commercial lending to the sector. By Farai Mabeza HEIGHTENED risk, coupled with the attendant high cost of funds and lack of collateral …
‘VAT withholding tax threatens companies’ Chronicle 1 September 2017 Africa Moyo, Business Reporter The Confederation of Zimbabwe Industries (CZI) is calling for removal of the 10 percent VAT withholding tax levied on both manufacturers and distributors arguing it threatens the two sectors’ viability. With effect from July 1, 2017, the Zimbabwe Revenue Authority (Zimra) …
Prohibited deductions for Income Tax purposes The Herald 31 August 2017 There are certain deductions which are prohibited in terms of Section 16 of the Income Tax Act [Chapter 23:06]. Taxpayers should not deduct these amounts from their gross income when calculating taxable income. Prohibited expenses in the calculation of taxable income The following are some …
Innovative finance models for enhancing agric productivity The Herald 31 August 2017 Dr Gift Mugano Last week my discussion was centred on threats to agricultural viability in Zimbabwe. Among a number of threats, I mentioned low productivity and pricing regimes. In my discussion, it was clear that our pricing regimes especially for the grains are …
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Input scheme: Silver bullet for cotton production Chronicle 31 August 2017 Cottco is expecting output to increase by 500 percent, thanks to the Presidential Input Scheme Harare Bureau THE Presidential Cotton Input Scheme has proved to be the silver bullet to re-empowering thousands of small scale farmers that had given up growing the crop due …
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‘Political will critical for SEZs success’ August 30, 2017 in Business POOR administration and lack of political will in Zimbabwe are some of the major threats to the success of the Special Economic Zones (SEZs) touted as one of the major economic panaceas, economic experts have said. BY MTHANDAZO NYONI Zimbabwe is in the process of implementing …
Farmers stop servicing loans after getting subsidies August 24, 2017By Own Correspondent Agribank chief executive officer, Sam Malaba By Nyasha Chingono ZIMBABWE’s largest agricultural bank, Agribank, says some farmers have abandoned loan repayments after government provided farming inputs through its agriculture programmes, pushing default rates up.The government provided nearly $200 million in farm inputs under the …
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Restricted, prohibited imports & exports Herald 25 August 2017 The importation and exportation of some goods and substances is only possible after obtaining and subsequent production of a requisite permit or licence from the relevant Ministry. However; for some products, the importation or exportation is prohibited. The Zimbabwe revenue Authority (Zimra) has the responsibility of …