Income Tax Bill submitted to President

Income Tax Bill submitted to President | The Herald Posted on November 25, 2013 by ZimSitRep_J — 4 Comments ↓ via Income Tax Bill submitted to President | The Herald November 25, 2013 THE new Income Tax Bill, which seeks to broaden the tax base, repeal and replace the Income Tax Act and Capital Gains Tax Act, has been submitted to President Mugabe …

Economy: We’re in real trouble

Economy: We’re in real trouble | The Herald Posted on November 19, 2013 by ZimSitRep_J — 9 Comments ↓ via Economy: We’re in real trouble | The Herald November 19, 2013 by Happiness Zengeni & Golden Sibanda WHILE some sections in this country might hail the country’s low inflation as a good thing, since they have obviously seen it in the high millions, …

BAZ wants Treasury Bills for FCA cash

BAZ wants Treasury Bills for FCA cash | The Herald Posted on November 12, 2013 by ZimSitRep_J — No Comments ↓ via BAZ wants Treasury Bills for FCA cash | The Herald November 12, 2013 BANKS have proposed the conversion of outstanding foreign currency accounts balances appropriated by the Reserve Bank of Zimbabwe during the height of the hyperinflationary period into Treasury paper. …

China takes control of Zim economy

China takes control of Zim economy Posted on November 3, 2013 by ZimSitRep_J — 5 Comments ↓ via China takes control of Zim economy 03/11/2013  by Asahi.com UNDER the iron grip of President Robert Mugabe, Zimbabwe’s economy lies in ruins with allegations of rampant human rights abuses. Yet, the country once known as Africa’s “bread basket” is attracting Chinese firms in ever-growing …

Govt to settle RBZ FCA debts

Govt to settle RBZ FCA debts | The Herald Posted on October 31, 2013 by ZimSitRep_J — 8 Comments ↓ via Govt to settle RBZ FCA debts | The Herald October 31, 2013 by Rumbidzayi Zinyuke Government will address the issue of funds taken from various companies’ Foreign Currency Accounts by the Reserve Bank of Zimbabwe at the height of the country’s economic challenges …

‘Agriculture requires $1bln’

‘Agriculture requires $1bln’ Posted on October 28, 2013 by ZimSitRep_J — No Comments ↓ via ‘Agriculture requires $1bln’ – DailyNews Live by John Kachembere  28 OCTOBER 2013   Zimbabwe requires over $1 billion for the 2013-2014 farming season to be successful, agriculture experts say. Peter Gambara, an independent agronomist told businessdaily that government should complement efforts being done by banks and other private …

Zimbabwe bank told to pay back funds seized by the state

Zimbabwe bank told to pay back funds seized by the state Posted on October 23, 2013 by ZimSitRep_J — 3 Comments ↓ via Zimbabwe bank told to pay back funds seized by the state | BDlive by Ray Ndlovu  OCTOBER 22 2013 Zimbabwe’s fragile banking sector is bracing itself for a string of costly claims from clients after the country’s top court last …

CFU raises red flag on farmers’ debt

CFU raises red flag on farmers’ debt October 17, 2013 in Business     THE Commercial Farmers’ Union (CFU) has warned that Zimbabwe’s agriculture may be starved of long-term capital should the government force local banks to freeze debt owed by farmers to financial institutions. Report by Victoria Mtomba The farmer organisation said government should instead concentrate …

Mayhem looms in banks

Mayhem looms in banks Posted on October 15, 2013 by ZimSitRep_J — 4 Comments ↓ via Mayhem looms in banks – NewsDay Zimbabwe by Charles Laiton October 14, 2013 IN a landmark ruling likely to send shock waves in the banking sector, the Supreme Court on Friday ordered Standard Chartered bank to pay back a client’s funds which it surrendered to the Reserve …

US$1bn package for agric | The Herald

US$1bn package for agric | The Herald Posted on October 3, 2013 by ZimSitRep_J — 1 Comment ↓ via US$1bn package for agric | The Herald October 3, 2013 NEARLY US$1 billion has been earmarked for the support of crop and livestock production in the 2013/2014 farming season to ensure Zimbabwe reclaims its status as the bread basket of Southern Africa. The collapse …