Millers attack bakers over flour imports

Millers attack bakers over flour imports January 13, 2017 Business Business Reporter Grain millers have criticised the bakers association, Lobels Bread and its major shareholder, Old Mutual, over what it describes as “falsehoods” being spread by the National Bakers Association of Zimbabwe regarding the removal of wheat flour from the General Import Licence by Government.The Grain …

Ease of Doing Business proponents should revisit policy

Ease of Doing Business proponents should revisit policy January 12, 2017 Features, Opinion & Analysis Charles Dhewa —The Ease of Doing Business initiative mooted by policy makers in 2016 was a commendable effort. However, it seems to have put more emphasis on meeting the needs of big businesses at a time small businesses are increasing in Zimbabwe. …

Tetrad creditors hopeful of bank revival

Tetrad creditors hopeful of bank revival January 11, 2017 Business CREDITORS of closed Tetrad Investment Bank (TIB) are hopeful the financial institution can be revived and that they will become shareholders in the institution, which owes them over $50 million. TIB was closed by the Reserve Bank of Zimbabwe early 2015 after failing to mobilise funding …

Cottco begins crop adjustment payments

Cottco begins crop adjustment payments January 10, 2017 Business Buyers busy at the tobacco auction floors in Harare in this file photo Lovemore Zigara, Midlands CorrespondentLOCAL cotton processing and marketing firm, Cottco, has started paying cotton pricing adjustments for deliveries of the crop made to the company last year. Cottco paid 35 cents per kilogramme (kg) for …

Bumper harvest to spur economy growth

Bumper harvest to spur economy growth January 10, 2017 Business Kiyapili Sibanda, Business ReporterYEAR 2017 is expected to provide growth to business and boost the economy on the back of an anticipated bumper harvest, the Zimbabwe National Chamber of Commerce (ZNCC) has said. Economic experts say improved agricultural output would impact positively on other productive sectors of …

15 percent VAT on rice riles millers

15 percent VAT on rice riles millers January 10, 2017 Business Prosper Ndlovu, Business EditorTHE grain milling industry has written to Government proposing that it reverses the 15 percent value added tax (VAT) on rice, which was announced in the 2017 national budget statement. Grain Millers Association of Zimbabwe chairman Mr Tafadzwa Musarara appealed to Acting President …

Tackling trade deficit, industry revival through agriculture

Tackling trade deficit, industry revival through agriculture January 3, 2017 Opinion & Analysis Confederation of Zimbabwe Industries (CZI) president and United Refineries Limited CEO, Busisa Moyo Prosper Ndlovu AGRICULTURE and manufacturing have always played complementary roles in terms of contribution to the country’s economic development. The viability of both sectors has over the years been proved …

When cash makes tobacco farmers sitting ducks

When cash makes tobacco farmers sitting ducks December 13, 2016 Business Obert Chifamba  Utterly gullible! Yes, incredibly naïve. This aptly sums up the behaviour of some tobacco farmers once they sell their produce and receive payment. For some strange reason, they close all their faculties of reasoning once they get their monies and impulse takes over.Every year, …