Commercial Farmers' Union of Zimbabwe
How to raise funding through private equity Herald 1/10/2020 Godknows Hofisi This article seeks to explain how a private company can tap into private equity (PE) in raising funding for its business. Many times financial advisors are approached by shareholders and executives in private companies in need of business funding. Private companies According to …
Steward Bank launches new agribusiness product Chronicle 1/10/2020 Mr Courage Mashavave Business Reporter STEWARD Bank has partnered with businesses under parent company Cassava Smartech Zimbabwe to launch “AgroFuture”, a new agribusiness product that is set to enhance agricultural production in the country. The product, to be delivered in partnership with Cassava entities — EcoCash, EcoSure, …
Foreign investors to easily repatriate funds: Government Chronicle 22/9/2020 Prof Mthuli Ncube Prosper Ndlovu, Business Editor THE Reserve Bank of Zimbabwe (RBZ) will soon issue a directive to facilitate smooth repatriation of capital and dividends by foreign investors, which will buttress the ease of doing business in the country. Treasury is pushing the matter …
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Ways to get out of debt Sunday Mail 21/9/2020 Combine strategies to chip away at debt and stick with those strategies until the debt is gone It’s easy (and often fun) to get into debt, but it can be painfully difficult to get back out. It can take just a few months to create …
Properties on sale require due diligence Herald 27/8/2020 Property development has been on the rise in Harare Godknows Hofisi Due diligence Due diligence is a risk mitigation measure in that it is an investigation or exercise of care that a reasonable person is normally expected to take before entering an agreement or contract with …
Zimra gets tough with forex tax fraudsters Herald 21/8/2020 Zimra Commissioner–General Faith Mazanhi Investigations Editor THE Zimbabwe Revenue Authority (Zimra) and the Reserve Bank of Zimbabwe (RBZ) have declared war on business entities accepting foreign currency for goods and services, but illegally receipting these transactions in local currency, saying the culprits will be named, …
Banks review loan terms Herald 23/7/2020 Bulawayo Bureau SOME banking institutions have started reviewing loan interest rate and repayment attributing the move to the prevailing market and macro-economic conditions. In recent months, the market has been characterised by inflationary pressures with the country recording year-on-year rate of 737,26 percent in June. Despite this, Government …
Forex auction bid band narrows, stability enhanced Chronicle 22/7/2020 Dr Mangudya Business Reporter The ruling exchange rate between the Zimbabwe dollar and the United States dollar depreciated by 4.7 percent to $72.1470 at yesterday’s foreign currency auction amid further narrowing of the bid band, more private holders of foreign currency using the auction to …
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Tax-free threshold raised to $5 000 Chronicle 17/7/2020 Oliver Kazunga, Senior Business Reporter Government has raised the tax-free threshold to $5 000 up from $2 000 monthly while those earning above $100 000 will pay 40 percent tax with effect from next month, Finance and Economic Development Minister Professor Mthuli Ncube said yesterday. Presenting …
Incentives to lure investors to Vic Falls bourse set 17/7/2020 The Chronicle Harare Bureau The Government yesterday announced incentives aimed at attracting offshore capital on the Victoria Falls Securities Exchange (VFSE) to be launched soon. These include exception from certain taxes including capital gains and withholding tax on disposal of shares as well as corporate …
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