Commercial Farmers' Union of Zimbabwe
Reserve Bank hunts cash hoarders June 13, 2016 Headlines, Top Stories Minister Patrick Chinamasa Takunda Maodza Harare Bureau—THE Reserve Bank of Zimbabwe has launched an operation targeted at assessing banking trends by high cash generators like wholesalers, retailers, mobile phone companies and fuel dealers amid revelations cash deposits fell by an average 40 percent last month. The …
Pros and cons of contract farming June 9, 2016 Features, Opinion & Analysis Charles Dhewa Contract farming has been a central part of Zimbabwean agriculture for decades. There are as many advantages as there are disadvantages of contract farming. Examining both perspectives will empower farmers to make better choices in minimising the disadvantages and maximising the advantages …
Estimated assessments for income tax June 9, 2016 Business THE Income Tax Act (Chapter 23:06) Section 45 (1) allows estimated assessments to be issued by the Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) in respect of taxable income and assessed losses. Estimated assessment can be raised in the following circumstances:– If the client defaults in …
Economist-in-Chief • Chronicle 31/5/16. It is now obvious that the largest single cause of the banknote shortage in Zimbabwe at the moment is because the RBZ has been creating entries for US dollars it does not actually possess. The way banking is supposed to work is if you deposit money money in a bank the …
Importation and exportation of currency by travellers June 2, 2016 Business THE importation and exportation of currency is governed by the Reserve Bank of Zimbabwe (RBZ) in terms of the Exchange Control Act [Chapter 22:05] as read with Exchange Control Regulations Statutory Instrument 109 of 1996. ImportationThe importation of currency into Zimbabwe by travellers is not …
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Food security risk as farmers reel in debt May 31, 2016 in Business EIGHTY percent of farmers in Zimbabwe are heavily indebted and are failing to settle debts due to liquidity challenges, a situation likely to affect production, NewsDay has established. BY MTHANDAZO NYONI Zimbabwe Commercial Farmers Union president, Wonder Chabikwa said, in an interview yesterday, …
AfDB in drive to improve agric sector May 30, 2016 Business Mr Ojukwu Business ReporterThe African Development Bank plans to improve the agriculture sector in Africa by embarking on an ambitious seven-point plan which aims at transforming the sector and be able to empower the small scale farmers and youths. AfDB director of the Agriculture and …
Agriculture key to Zim economy May 27, 2016 in Business We often hear the mantra that Zimbabwe was the “bread basket” of Africa. That is nonsense of course, but it does carry some weight in that there is little doubt that agriculture was an anchor industry for the Zimbabwean economy up to 1997. The question is what …
Banks seek Chinese help…as Commerzbank shuts down nostro accounts By Staff Reporter Commerzbank’s decision has also affected offshore cash holdings for most banks, whose situation has not been helped by the worsening liquidity crisis afflicting the country. THE cash crunch that has wreaked havoc in Zimbabwe’s crisis-torn economy could worsen after the Germany-headquartered …
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‘Desist from keeping large sums of cash’ May 27, 2016 Crime & Courts Snr Asst Comm Charamba Freeman Razemba Crime ReporterPolice have warned members of the public to desist from keeping large amounts of money at their homes as they risk being robbed by criminals that are targeting cash movers. In one of the latest incidents, …