Ariston share capital increase approved

Ariston share capital increase approved March 1, 2016 Business This year the group is forecasting an increase in all its crops and also poultry by 150 percent Ariston shareholders on Friday approved management’s plan to increase the authorised share capital from $1,6 billion to $2 billion, as the company seeks to convert a $5 million debt …

Burden of producing under contract

Burden of producing under contract February 24, 2016 Features, Opinion & Analysis Moses Moyo CorrespondentProducing commercial crops under contract exposes smallholder farmers to a myriad problems. Farmers are increasingly exposed to multinational corporations which come in as foreign investors, but are the proverbial “wolves in sheep clothing”. According to statistics, since the advent of land reforms, at peak …

Major bank deal for farmers

Major bank deal for farmers Posted on February 21, 2016 by ZimSitRep_M — 1 Comment ↓ via Major bank deal for farmers | The Sunday Mail Banks are now required to allocate at least 20 percent of their loan packages to small-holder farmers in line with a new policy that is tailored to increase agricultural output. The financial institutions have up to …

Bureau Veritas/government to commence CBCA on March 1

Bureau Veritas/government to commence CBCA on March 1 Posted by Own Correspondent  0 National Report February 16, 2016   Industry Minister Mike Bimha THE full implementation of Zimbabwe’s Consignment Based Conformity Assessment (CBCA) programme through French company Bureau Veritas commences on 1st March 2016, Industry and Commerce Minister Mike Bimha has said.Officially opening the CBCA awareness …

Exlmobile: Device for all tax payment needs

Exlmobile: Device for all tax payment needs February 18, 2016 Business Have you ever wished you could calculate your Customs duty and know before hand, how much you’ll be expected to pay to bring your goods or products back into Zimbabwe? Want to import a vehicle from outside the country but you are not so sure …

Post-clearance verification on imported goods

Post-clearance verification on imported goods February 18, 2016 Business The Customs and Excise Act [Chapter 23.02] empowers the Zimbabwe Revenue Authority (ZIMRA) to conduct post-clearance verifications on imported goods anywhere in Zimbabwe. These verifications are carried out in order to check whether the goods were properly declared and that correct duties were paid at the time …

‘Movable assets to be surety for loans’

‘Movable assets to be surety for loans’ February 8, 2016 Business Dr Misheck Sibanda Business ReporterONGOING reforms to the doing business conditions in Zimbabwe will, among extensive reforms already underway, result in the creation of collateral registry that will enable the use of movable properties as security for financial credit from banks and other lenders. The …

Tobacco ban to negatively affect the economy

Tobacco ban to negatively affect the economy January 22, 2016 in Business Tobacco is one of the biggest contributors to economic growth and any restrictions or ban on the golden leaf will have serious implications on the economy, the Tobacco Industry and Marketing Board (TIMB) has said. BY BUSINESS REPORTER Last year, tobacco worth $855 million was …

Warehouse Receipting, Commodity Exchange Panacea To Collateral Problems

Warehouse Receipting, Commodity Exchange Panacea To Collateral Problems 26 Nov 2015 Agriculture Minister Joseph Made Peter Gambara THE establishment of a Warehouse Receipt System (WRS) and a complimentary Commodity Exchange Market can be the panacea we need to overcome the collateral security problems that are being faced by local farmers.Since the advent of the Land …