Commercial Farmers' Union of Zimbabwe
How consumers are coping with price hikes Herald 14/10/2019 Sweet potatoes have become a cheaper alternative for bread as prices of flour-based products go beyond the reach of many Tanaka Mahanya and Elizabeth Andreya Over the past few months, prices of all basic commodities have gone up. The situation is harder for workers who …
Editorial Comment – Beitbridge Highway: Time for real action Herald 14/10/2019 The Beitbridge-Harare-Chirundu Highway is by any imagination one of the busiest road traffic nerves of Southern Africa, annually moving essential goods worth billions of dollars between the north and south of the continent and beyond. Two border posts which the highway serves, Beitbridge …
Cottco pays off Zamco’s $56m debt Herald 10/10/2019 Martin Kadzere and Michael Tome THE Cotton Company of Zimbabwe (Cottco) has paid off its $56 million debt to Zimbabwe Asset Management Company (Zamco), effectively setting aside prospects for debt to equity swap. Cottco is one of the companies whose debt was taken over by Zamco, …
Business decries fuel price hikes Chronicle 9/10/2019 Zimbabwe National Chamber of Commerce Oliver Kazunga, Senior Business Reporter THE Zimbabwe National Chamber of Commerce (ZNCC) has expressed concern over continuous fuel price increases saying the trend was negatively impacting on production due to rising cost of goods and services. Recently the fuel price has been increasing …
Zera, Zesa trigger price madness 1 October 7, 2019 7:56 AM Source: Zera, Zesa trigger price madness | Newsday (News) BY VENERANDA LANGA RICES of basic commodities, including fuel, and services continue to soar days after President Emmerson Mnangagwa threatened to introduce the Competition Act to impose deterrent penalties to combat what he termed business malpractice. And …
CBZ launches Agro-Yield Herald 3/10/2019 Kumbirai Tarusarira CBZ Holdings Limited has launched an agricultural finance initiative under a new division, CBZ Agro-Yield. The financing initiative by the bank is meant to curb the ever-growing import bill with regards to agricultural produce. The initiative is a partnership between the bank and Government to sponsor soya …
S1 212: Legal perspective Herald 1/10/2019 Fidelis Munyoro Chief Court Reporter Government has taken steps to stop unscrupulous businesses from quoting, charging and accepting payments in United States dollars or any kind of foreign currency. This follows the promulgation of Statutory Instrument 212 of 2019, Statutory Instrument 212 of 2019 Exchange Control (Exclusive Use …
Civil penalties for forex payments Herald 1/10/2019 Fidelis Munyoro Chief Court Reporter Government has stipulated a $6 000 fine for anyone found pricing goods and services in foreign currency, with a view to stopping the price madness on the market where some traders continue to wilfully violate national regulations to price in local currency. …
RBZ outlaws cash-in, cash-out transactions Herald 1/10/2019 Josephat Mutepfa Africa Moyo Deputy News Editor THE Reserve Bank of Zimbabwe (RBZ) has — with immediate effect — banned all cash-in, cash-out and cash-back transactions, which were being used by dealers to extort members of the public of their hard-earned cash. Further, the cash-in, cash-out and …
New Measures to Outlaw Use of Forex in Zimbabwe 0 September 30, 2019 12:55 PM Further Government Measures To Outlaw Use of US Dollars & Other Foreign Currencies in Domestic Transactions Source: New Measures to Outlaw Use of Forex in Zimbabwe – The Zimbabwean Background Three months ago, when the Minister of Finance and Economic Development gazetted SI 142/2019 …