Category: Finance and Economics (archives)

Zimbabwe law offers farmers 99-year leases with access to loans Top Stories November 7, 2016By Own Correspondent Lands and Rural Resettlement Minister Douglas Mombeshora By Godfrey Marawanyika and Brian Latham ZIMBABWE’S cabinet approved a proposed law to offer farmers 99-year leases and allow them to borrow from banks to purchase vital agricultural inputs, Lands and Rural Resettlement Minister …

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BAZ, govt conclude 99-year lease discussions November 9, 2016 in Business The Bankers’ Association of Zimbabwe (BAZ) has concluded discussions with the government on the bankability of the 99-year farm leases. BY VICTORIA MTOMBA BAZ president, Charity Jinya told NewsDay that the Lands ministry will make an official announcement on the agreed position at the “appropriate time”. …

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Farmers yet to use 99-year leases as collateral November 9, 2016 Business Wonder Chabikwa Oliver Kazunga, Senior Business ReporterTHE Zimbabwe Commercial Farmers’ Union (ZCFU) says it is yet to get a “concrete” agreement from the Bankers’ Association of Zimbabwe allowing farmers to secure loans from banks using the 99-year lease agreements as collateral. Cabinet has approved a …

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Government grants tax waiver to raw hide exporters Companies & Markets November 3, 2016By Cyril Zenda     Minister of Finance and Economic Development, Patrick Chinamasa   GOVERNMENT has given an export tax relief to seven registered hide merchants in a move meant to save their businesses.     In a notice published in the Government …

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Why goods may be held by ZIMRA November 3, 2016 Business There are two main ways in which goods are detained by ZIMRA namely receipt for items held (RIH) or notice of seizure.Receipt for items held Under what circumstances is a receipt for items held issued? This receipt is issued when one imports goods and is not …

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Stop relying on handouts, farmers told November 1, 2016 Local News Freeman Razemba recently in Shurugwi GOVERNMENT has challenged farmers to utilise land and stop relying on handouts from the State and donors. Addressing farmers at the Dairy Farmers Field Day in Tongogara, Shurugwi, Deputy Minister of Agriculture, Mechanisation and Irrigation Development (Livestock) Paddy Zhanda said he was …

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Competition in fresh food markets October 27, 2016 Features, Opinion & Analysis Many consumers now prefer open markets where agricultural commodities are delivered straight from the farm Charles Dhewa —A few years ago, it appeared supermarkets were the only place where consumers would find fresh fruits and vegetables in African cities. The situation has changed dramatically. …

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Govt to avail $36m for cotton inputs October 25, 2016 Business Government will avail approximately $36 million towards the cotton inputs support scheme for the 2016-2017 farming season as it seeks to achieve lint exports of 90 000 tonnes under the five year Cotton to Clothing strategy Harare BureauGovernment will avail approximately $36 million towards the …

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Taxation of motoring benefits October 27, 2016 Business A MOTORING benefit, which an employer may offer to an employee for usage of a motor vehicle as part of the employee’s conditions of employment, is liable to Pay As You Earn (PAYE). The motoring benefit granted in this case constitutes remuneration and should be subjected to PAYE …

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Understanding banking products: Unsecured loan October 19, 2016 Business Sanderson Abel An unsecured loan is that loan issued and supported only by the borrower’s credit worthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. Borrowers generally must have high …

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