Nat Foods strikes deal..RBZ to assume milling firm’s $54,9million debt

Nat Foods strikes deal..RBZ to assume milling firm’s $54,9million debt   15/3/2019 The Chronicle Oliver Kazunga, Senior Business Reporter DIVERSIFIED milling firm, National Foods Limited, says it has struck a deal with the Reserve Bank of Zimbabwe to assume its legacy debt amounting to $54,9 million owed to one of its major grain suppliers. In a …

Tobacco to boost foreign currency inflows

Tobacco to boost foreign currency inflows   14/3/2019 A farmer harvests a tobacco crop in this file picture The Chronicle Kudakwashe Mhundwa, Harare Bureau  Zimbabwe’s 2019 tobacco marketing season commences on Wednesday next week according to the Tobacco Industry and Marketing Board (TIMB) amid high expectations the golden leaf  will boost foreign currency inflows. Traditionally, the marketing …

Govt assures pensioners

Govt assures pensioners Shamiso Dzingire  •  12 March 2019 1:47PM   Daily News Government has assured pensioners that they will not lose their savings following the floating of the exchange rate and introduction of the new RTGS dollars as legal tender. Presenting the 2019 Monetary Policy Statement last month, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya …

Agric sector tops NPLs list

Agric sector tops NPLs list   7/3/2019 The Herald Africa Moyo Senior Business Reporter THE agricultural sector tops on the $1,13 billion non-performing loans (NPLs) acquired by the Zimbabwe Asset Management Company (Zamco), chalking 43 percent of the NPLs. The sector’s NPLs amounted to $490,27 million followed by the construction sector with ($67,8 million), representing …

Shock as govt hikes duty threefold

Shock as govt hikes duty threefold    3/3/2019 Source: Shock as govt hikes duty threefold | Newsday (News) By Rex Mphisa/Obey Manayiti CUSTOMS and excise duties shot up threefold to the bond note value yesterday following government’s gazetting of Statutory Instrument 32 of 2019, ushering in the new currency, RTGS dollar (ZWL). The central bank last …

Estate planning: An important gift you can give your family

Estate planning: An important gift you can give your family   1/3/2019 The Herald Elizabeth Andreya Features Writer First Lady Auxillia Mnangagwa and her team of legal experts have been to several provinces where they initiated programmes on inheritance to educate widows and orphans about their rights. This follows sad stories of how women and …

What new Monetary Policy Statement means to average Zimbabwean

What new Monetary Policy Statement means to average Zimbabwean    1/3/2019 Source: What new Monetary Policy Statement means to average Zimbabwean | Herald (Opinion) Prof Mthuli Ncube Path to ProsperityAs we work to put Zimbabwe’s economy back on its feet, recovery is the word. The Zimbabwean financial situation, its industry, its businesses, have all been in …