Can Zimbabwe end poverty by 2030?

Can Zimbabwe end poverty by 2030? March 2, 2017 Features, Opinion & Analysis Adolphus Chinomwe  and Udo Etukudo Ending poverty in all its forms and dimensions remains the greatest global development challenge. The 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs) that Zimbabwe has subscribed to resolves to free the human race from …

Banks and collaterised lending

Banks and collaterised lending March 1, 2017 Features, Opinion & Analysis Sanderson AbelBank lending is evolving fairly rapidly in light of changing global and domestic financial conditions and the advent of technology which continues to revolutionise banking and financial services. Significantly, the more many aspects of bank lending are changing, the more others endure, seemingly unencumbered …

Nssa injects US$20m into fertiliser firms

Nssa injects US$20m into fertiliser firms February 24, 2017 in Business THE National Social Security Authority (Nssa) has injected US$20 million into fertiliser companies Windmill and Zimbabwe Fertiliser Company (ZFC) to boost production and meet demand for government’s command agriculture programme, businessdigest has learnt. By Kudzai Kuwaza Command agriculture is a government scheme that targets farmers near …

Government has scrapped the 15 percent Value Added Tax (VAT) on some basic commodities

Government scraps VAT  SUNDAY MAIL REPORTER 1 DAY AGO Grace Kaerasora and Tariro CharanduraGovernment has scrapped the 15 percent Value Added Tax (VAT) on some basic commodities through Statutory Instrument 26A of 2017 which repealed SI 20 of 2017.  This has seen most retailers reducing prices of basic goods to the old pricing regime before …

Understanding joint ventures, PPPs and contractual consortium

Understanding joint ventures, PPPs and contractual consortium February 20, 2017 in Business There are various forms by which the private sector works with the public sector in the provision of public service goods and services. PURCHASING & SUPPLY: NYASHA CHIZU The traditional means is the trading arrangements characterised by one off or short-term contracts, where the private …

RBZ move to slash interest rates commendable

EDITORIAL COMMENT: RBZ move to slash interest rates commendable February 17, 2017 Opinion & Analysis Dr Mangudya THE slashing of interest rates from 18 to 12 percent is a commendable move by the Reserve Bank of Zimbabwe (RBZ). This bold proposition not only excites different economic sectors but sets the tone for improved confidence in the …

New SI to reverse food stuffs 15% VAT: To clear confusion on basic products prices

New SI to reverse food stuffs 15% VAT: To clear confusion on basic products prices February 17, 2017 Business   Business Reporter A NEW Statutory Instrument is being crafted to repeal the implementation of the 15 percent Value Added Tax (VAT) on selected basic consumer products, a senior Government official said. This clears confusion in the …

Firms fight ZIMRA garnishee orders

Firms fight ZIMRA garnishee orders Companies & Markets February 16, 2017By Staff Reporter Companies that find themselves in trouble with the tax authority are quick to approach the courts seeking cover. LAST month, the Supreme Court overturned a High Court order lifting a US$20 million garnishee order that the Zimbabwe Revenue Authority (ZIMRA) had placed on …

Grain millers urge official repeal of VAT on foodstuffs

Grain millers urge official repeal of VAT on foodstuffs February 15, 2017 in News THE Grain Millers’ Association of Zimbabwe (GMAZ) yesterday said Statutory Instrument (SI) 20, which imposed 15% value-added tax (VAT) on cereals and meat products and became effective at the beginning of the month, has negatively affected businesses with sales drastically plummeting by at …

Fears heighten over cotton side marketing

  Fears heighten over cotton side marketing February 15, 2017 Business Government is spending close to $50 million to finance the cotton crop Martin Kadzere Senior Business ReporterSOME private companies might have over stated cotton inputs they gave to farmers to obtain buying licenses, The Herald Business has leant. Information obtained from various common distribution points in …