Tax Clearance Certificate (ITF 263)

Tax Clearance Certificate (ITF 263) July 6, 2017 Business A Tax Clearance Certificate (ITF 263) is a certificate issued by the Commissioner General of the Zimbabwe Revenue Authority (Zimra) to a person liable to pay tax, provided that the taxpayer’s’ tax position is satisfactory. Benefits of having a Tax Clearance Certificate No 10 percent Withholding Tax …

Market price not major determinant of profit in agribusiness

Market price not major determinant of profit in agribusiness July 5, 2017 in Business A KEEN interest by African farmers to know the price of commodities on the market is understandable. However, tracking activities in informal agricultural markets by eMKambo over the past few years has proved that price is not a major determinant of profit-making in …

Cash shortages fuel cotton side marketing

Cash shortages fuel cotton side marketing July 5, 2017 Business Cotton Business ReporterTHE prevailing cash shortages have given rise to massive side-marketing of cotton contracted by the Government with private buyers paying spot cash to entice farmers. While the Government is entitled to buy the bulk of the crop after it invested $42 million into production, …

Lack of funds affecting agriculture operations

Lack of funds affecting agriculture operations – NewsDay Zimbabwe     Lack of funds affecting agriculture operations THE Ministry of Agriculture, Mechanisation and Irrigation Development only receives 30% in budgetary allocations from Treasury crippling agricultural research service activities, a government official has said. BY TARISAI MANDIZHA Secretary for Agriculture, Mechanisation and Irrigation Development Ringson Chitsiko …

Unlocking the key pillars of economic development in Africa

Unlocking the key pillars of economic development in Africa – NewsDay Zimbabwe   Africa’s economic performance held firm in 2016, amid global headwinds and regional shocks. The continent remained the world’s second fastest growing economy after East Asia. In 2016, sub-Saharan Africa (excluding South Africa) grew faster than the continental average, at 4,2%, with East …

Researchers, trade experts implore Comesa

Researchers, trade experts implore Comesa July 4, 2017 Business Comesa Business ReporterResearchers and trade experts have implored the Common Market for Eastern and Southern Africa to integrate policy research into the institutional structure and budgeting of the Secretariat to make it sustainable. Speaking at the closing of the 3rd Comesa Annual Research Forum in Rwanda experts …

Government audits Command Agriculture beneficiaries

Government audits Command Agriculture beneficiaries July 3, 2017 Local News Minister of Higher and Tertiary Education, Science and Technology Development Professor Jonathan Moyo Felex Share, Harare BureauGOVERNMENT will this week dispatch teams to audit usage of Command Agriculture inputs countrywide, as it emerged yesterday that the programme’s financier, Sakunda Holdings, paid duty for fuel used in …

The command agriculture exposé in full

The command agriculture exposé in full By ZimSitRep_M | July 2, 2017 0 Comment Source: The command agriculture exposé in full – The Standard July 2, 2017 Finance minister Patrick Chinamasa last week reacted angrily to a report by The Standard revealing that his ministry had ignored internal advice that the command agriculture financing model was flawed. The advisory note generated …

Government abuses fuel levy to fund command agriculture

Government abuses fuel levy to fund command agriculture By Staff Reporter   Finance and Economic Development Minister Patrick Chinamasa GOVERNMENT has admitted it diverted cash from the NocZim debt redemption fund to pay off loans contracted under its command agriculture programme. The NocZim debt levy, introduced in 2003 to clear the now disbanded parastatal’s debt …

Fertiliser industry requires $120m for raw materials

Fertiliser industry requires $120m for raw materials June 30, 2017 Business Michael Tome Business ReporterZimbabwe’s fertiliser industry requires over $120 million in foreign currency for the importation of raw materials used in the manufacture of compound and top dressing fertilisers for the forthcoming summer cropping season. Estimated fertiliser effective demand for 2017 /18 season is 160 000 …