Exporters can benefit from trade agreements

Exporters can benefit from trade agreements July 28, 2016 Business An example of a wholly grown product (tobacco) being prepared for export Exported products become competitive when they land at lower costs. This can be achieved if goods are exported under a trade agreement. The trade agreement will result in the goods being accorded preferential treatment …

$500m agric programme mooted

$500m agric programme mooted July 26, 2016 Local News VP Emmerson Mnangagwa Felex Share Harare BureauGovernment is working on a $500 million command agricultural programme to ensure food security and maize supply self-sufficiency for the next summer cropping season. The programme — which aims to produce two million tonnes of maize on 400,000 hectares of land —will …

Lodging an objection or appeal

Lodging an objection or appeal July 21, 2016 Business Any client who is not satisfied by any assessment issued or by any decision made by the Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) may lodge an objection in terms of provisions of the laws which are administered by the Authority. Objections are done in accordance with the …

Understanding transit procedures

Understanding transit procedures July 14, 2016 Business Transit is a facility that allows movement of goods across international borders, that is, from one country to the other through another third country, under customs control without payment of any duties or taxes. However, the duty at stake shall be secured by a bond or guarantee, or a cash …

Nestlé investment reaches US$30 million

Nestlé investment reaches US$30 million uly 14, 2016By Staff Reporter Nestlé corporate affairs manager, Farai Munetsi MUTARE — Leading milk and cereals producer, Nestlé Zimbabwe, has invested a total of US$30 million over the past five years in the expansion of its cereal and dairy plants. Nestlé Zimbabwe, a unit of Nestlé, the global food and beverage …

Cash crunch hits poultry sector

Cash crunch hits poultry sector Companies & Markets July 14, 2016 By Own Correspondent Poultry sector hit by cash crunch Njabulo Ncube ZIMBABWE’S poultry industry has been hit by cash shortages, resulting in a build-up of chicken products at most abattoirs nationwide, industry players said. Commercial players had also been affected by the emergence of backyard …

IMPORTS BAN CLARIFIED . . . Reprieve as Government reviews restrictions

IMPORTS BAN CLARIFIED . . . Reprieve as Government reviews restrictions July 8, 2016 Headlines, Top Stories Mike Bimha Oliver Kazunga in Mutare and Thupeyo Muleya in BeitbridgeTHE Government has come up with a list of goods that are exempt from import restrictions under the recently gazetted Statutory Instrument 64 of 2016. The SI tightens screws on …

Zimbabwe struggles to meet EU standards

Zimbabwe struggles to meet EU standards 0 National Report July 7, 2016 By Staff Reporter Philippe Van Damme, the head of the EU delegation to Zimbabwe DESPITE Zimbabwe signing a trade agreement giving it duty free access to the European Union (EU) market in 2009, government is yet to implement the deal because of the headaches …

Agric shifting from physical to value chain collateral

Agric shifting from physical to value chain collateral July 7, 2016 Features, Opinion & Analysis Informal agriculture markets and traders are reliable sources of knowledge on who to finance, when and where Charles DhewaWhile African financial institutions are still stuck with traditional banking models invented in the West, African agricultural value chains have shifted in ways …

Output tax on change of use of goods, services

Output tax on change of use of goods, services July 7, 2016 Business When a registered operator acquires goods and services which are subjected to Value Added Tax (VAT), the registered operator may claim input tax depending on the intended use. When the use of these goods and services are changed from making taxable supplies to …