Govt moots more statutory instruments to support SI64

Govt moots more statutory instruments to support SI64 February 9, 2017 in Business GOVERNMENT will introduce more policy measures to buttress Statutory Instrument (SI) 64 of 2016 to help local producers build up on exports, Industry and Commerce minister Mike Bimha said yesterday. BY TATIRA ZWINOIRA Minister of Industry and Commerce Mike Bimha SI64 restricts the importation …

VAT reversed: Govt repeals 15% levy on basic goods and Business urged to revert to old prices

VAT reversed: Govt repeals 15% levy on basic goods and Business urged to revert to old prices February 9, 2017 Business Minister Patrick Chinamasa Business ReporterThe Government has shelved the implementation of Statutory Instrument 20 of 2017, which imposed a 15 percent VAT on basic consumer goods to pave way for further consultation. Businesses and suppliers …

VAT on meat threatens pig industry viability

VAT on meat threatens pig industry viability February 8, 2017 in Business The introduction of the 15% value added tax (VAT) on meat is threatening the pig industry, which saw output increasing by 20,1% last year, an industry executive has warned. BY MTHANDAZO NYONI Pig industry board director, Andrew Shoniwa told NewsDay that 167 112 pigs were …

Chinamasa shelves VAT on meat, cereals

Chinamasa shelves VAT on meat, cereals February 8, 2017 in National, News FINANCE minister Patrick Chinamasa yesterday shelved implementation of Statutory Instrument 20 (SI20), which imposed 15% VAT on rice, meat, potatoes, margarine, cereals and mahewu, telling MPs in a ministerial statement that he first had to consult before introducing the levy. BY VENERANDA LANGA Finance minister Patrick …

Bumper harvest headache for Chinamasa

Bumper harvest headache for Chinamasa February 6, 2017 Business Minister Patrick Chinamasa Prosper Ndlovu, Business EditorTHE Government says it is pleased with the progress made in the agriculture sector so far and looks forward to a good harvest in view of continued good rains and the promising crop. This has put pressure on Finance and Economic Development …

Meat dealers bemoan 15pc VAT

Meat dealers bemoan 15pc VAT February 6, 2017 Local News Margaret Matibiri Herald ReporterLocal meat production companies have implored Government to consider scraping the 15 percent value-added tax (VAT) on all meat products which was effected beginning this month saying it has a negative impact on the viability of their business. Speaking during a tour by the …

Natfoods-Profeeds merger under threat

Natfoods-Profeeds merger under threat February 2, 2017 Business Tinashe Makichi Business Reporter —Concerns have been raised over the alleged monopolistic structure of the proposed merger between Zimbabwe’s two stockfeed manufacturing giants, National Foods and Profeeds. The companies plan to set up a new stockfeed company which will be run as a separate entity. African Feed Mills Private …

Ghana farming investment to create 1.5m jobs

Ghana farming investment to create 1.5m jobs February 2, 2017 Business GHANA targets creating 1.5 million jobs in the next two years with plans to invest in agriculture as the West African nation seeks to produce more of its own food to cut the cost of imports. Newly elected President Nana Akufo-Addo has pledged to boost …

The Economy: Let’s think about it

The Economy: Let’s think about it January 31, 2017 Features, Opinion & Analysis, Nick Mangwana – View from the Diaspora Command Agriculture promises to be an unparalleled success Nick Mangwana View from Diaspora— THE by-elections in Zimbabwe have come and gone. All, but one of the 30 odd elections have been won by Zanu-PF. A lot of chest …

Mixed results for TSL units

Mixed results for TSL units January 31, 2017 Business TSL Limited saw its units produce a mixed set of results for the year to October 31, 2016, with management saying the outcome is satisfactory given the challenging operating environment. Group chief executive Washington Mr Matsaira told an analyst briefing that the group is projected to remain …