Presidential Inputs scheme revives cotton sector

Presidential Inputs scheme revives cotton sector February 14, 2017 Local News Elita Chikwati Senior Agriculture ReporterThe Presidential Inputs Support Scheme has revived the cotton industry which was on the verge of collapse due to low prices offered by merchants. Most farmers in cotton growing areas had abandoned producing the crop as prices had plunged to as low as …

Let local authorities develop, maintain own infrastructure

Let local authorities develop, maintain own infrastructure February 14, 2017 Opinion & Analysis What is left of the tarred section of the Nkayi Road in the Bona area before the rainy season Saul Gwakuba NdlovuThe Government is now wide awake to the deplorable condition of roads throughout the country. Recently, the Minister of Local Government, Public …

SeedCo in drive to dominate East Africa

SeedCo in drive to dominate East Africa February 14, 2017 Business Happiness Zengeni recently in Kitale, KenyaSeedCo Limited expects to reduce the dominance of government-owned Kenya Seed Company after it opened a second plant in the East African country’s Trans Nzoia county last week. Trans Nzoia county is found in Kenya’s former Rift Valley Province, 380km …

Chinamasa must finish what he started

Chinamasa must finish what he started By ZimSitRep_M | February 13, 2017 0 Comment Last week, we celebrated Finance minister Patrick Chinamasa’s responsiveness when he moved to scrap a 15% value-added tax (VAT) that had been imposed on meats, cereals and other foodstuffs. Source: Chinamasa must finish what he started – NewsDay Zimbabwe February 13, 2017 Comment: NewsDay Editor However, it …

Businesses profiteer from VAT withdrawal

EDITORIAL COMMENT: Businesses profiteer from VAT withdrawal February 13, 2017 Features, Opinion & Analysis Zimbabwean consumers are still smarting from a costly blunder, or ill-thought out decision by the Government recently to implement Statutory Instrument 20 of 2017, which imposed a 15 percent VAT on basic goods. Finance and Economic Development Minister Patrick Chinamasa told Parliament …

Agric transformation key

Agric transformation key February 13, 2017 Business Conrad Mwanawashe Bumper HarvestAn assessment by the Presidential Land Review Committee on the Implementation of the Fast Track Land Reform Programme, 2000-2002 better known as The Utete Report 2003 pointed to the need to transform the agriculture sector into a vibrant and driver of economic remodelling. The Presidential Land …

Irvines capital projects under threat

Irvines capital projects under threat February 13, 2017 Business Irvines Zimbabwe employees monitor the vaccination of eggs by an Embrex machine during a tour of the company’s operations by the Parliamentary Portfolio Committee on Agriculture, Lands, Mechanisation and Irrigation last Friday Business ReporterCapital projects earmarked for implementation by Irvines Zimbabwe this year are under threat due …

VAT introduction slows economy, opens up black market

VAT introduction slows economy, opens up black market By ZimSitRep_M | February 12, 2017 0 Comment MEAT products, including offals, continue to attract 15% value-added-tax (VAT) days after Finance minister Patrick Chinamasa issued a statement shelving Statutory Instrument (SI) 20 of 2017. Source: VAT introduction slows economy, opens up black market – NewsDay Zimbabwe February 11, 2017 By blessed mhlanga Members …

How VAT on basic commodities impact local firms

How VAT on basic commodities impact local firms 0 Opinions February 7, 2017By Own Correspondent Industry Minister Mike Bimha THE Zimbabwe Revenue Authority last year saw its gross revenue collections missing the target by four percent, registering collections of US$3,5 billion, compared to the targeted US$3,6 billion. This was against increasing expenditures which surpassed the targeted levels. …

VAT on meats, cereals punitive

EDITORIAL COMMENT: VAT on meats, cereals punitive 0 Opinions February 9, 2017By Staff Reporter Finance and Economic Development Minister, Patrick Chinamasa IT is an open secret that government is in financial dire straits. Two months into 2017, it is still grappling with the issue of civil servants bonus payments for last year, and is battling to …