Commercial Farmers' Union of Zimbabwe
Zimbabwe pension payouts delayed due to forex shortage Crecey Kuyedzwa, Harare 14/6/2019 Zimbabwean pensioners will not be receiving their pensions on time this month after banks failed to pay for the system used to facilitate payments. Most Zimbabwean banks use Paynet to pay salaries for both the public and private sector. But they will not …
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Tongaat shares suspended to ‘protect investors’ 12/6/2019 The Herald Hippo Valley and Triangle Estates’ JSE listed parent Tongaat Hulett has requested the suspension of its listing on the Johannesburg Stock Exchange amid an investigation. According to a shareholder notice issued on Monday afternoon, the company’s listing on both the JSE and the London Stock …
AMA seeks to float US$50m agro bills 5/6/2019 The Herald Kudakwashe Mhundwa Business Reporter The Agriculture Marketing Authority of Zimbabwe (AMA) is seeking approval to float US$50 million worth of agro bills for the purchase of maize from farmers in the 2019 marketing season. AMA was set up by Government primarily to promote agricultural production …
Impeachable dispositions – NewsDay Zimbabwe 1/6/2019 Own correspondent To ‘impeach’ a transaction means to call into question its validity. The Insolvency Act [Chapter 6:07] has a number of sections designed to safeguard the interests of the creditors and some of the sections are intended to protect the creditors where the insolvent has entered into …
Desist from charging USD, Govt depts told 1/6/2019 The Herald Herald Reporter Government has instructed public departments and businesses to desist from charging goods and services in United States dollars or referencing to the foreign currency in their pricing regime. In a statement yesterday, the Ministry of Finance and Economic Development said although it …
Zimbabwe assesses pension value losses 10/5/2019 The Herald Martin Kadzere Senior Reporter The Insurance and Pension Commission has started engaging stakeholders on compensation framework for policy holders and pensioners whose savings were wiped off during the conversion of values from Zimbabwean dollars to US dollars a decade ago. This comes at a time when …
Budgeting: Money management tool 5/5/2019 The Sunday Mail Dollars & Sense Kudzai Mubaiwa An important tool for managing money is the budget. It reflects both in-come and out-go, that which is received and that which is to be spent. The aim is to balance, or to have more income that expenses. There has to …
Firms receive fuel refunds 16/4/2019 The Chronicle Business Reporter Government has started processing refunds on the fuel Excise duty component of higher fuel prices incurred by businesses after the Government hiked fuel prices in January to curb speculative buying that was worsening fuel shortages. The Zimbabwe Revenue Authority, which is the processing agent, said …
Govt to address pricing madness 12/4/2019 The Herald Africa Moyo Senior Business Reporter GOVERNMENT is working on mechanisms for the National Competitiveness Commission (NCC) to work with industry on a framework for pricing of goods, standards and service delivery. This was said by Industry and Commerce Deputy Minister Raj Modi in his key-note address …
Oil expressers buckle under US$100million debt 8/4/2019 The Chronicle Harare Bureau COOKING oil producers are buckling under US$100 million external payments debts, as foreign currency shortages in the country continue taking a toll on their operations. The manufacturers have since written to the Reserve Bank of Zimbabwe (RBZ) enquiring on the bank’s plans to …