Commercial Farmers' Union of Zimbabwe
2pc tax extended to forex transactions 17/7/2020 The Chronicle Harare Bureau Treasury has extended the Intermediated Money Transfer Tax, more commonly known as the 2 percent tax, to foreign currency transactions. Earlier this year, Government legalised the use of the United States to transact alongside the local currency in a move aimed to unburdening the public …
Farmers appeal for agent lines resumption Herald 9/7/2020 Dr Mangudya Business Reporter Frustrated cotton farmers have once again appealed to authorities to have agents’ lines of ginneries opened so that they can be paid amid concerns that continued delays was further eroding value of their earnings. The Reserve Bank of Zimbabwe (RBZ), however, implored …
Farmers bemoan mobile money ban July 6, 2020 in Local, News Standard BY MOSES MATENGA COTTON growers have criticised the government for its abrupt ban on bulk mobile money transfers, saying this will derail their operations as payments are now taking longer at a time the rate of inflation is galloping. The government, on June 26, banned mobile …
Agribank’s funding of farming hailed Herald 1/7/2020 Agribank Herald Reporter Agribank has done well to fund agriculture under challenging circumstances and Government plans to continue providing resources to the bank to increase production. Deputy Accountant General Mrs Memory Mukondomi, who was representing the Secretary for Finance and Economic Development, Mr George Guvamatanga, yesterday told …
Shops take advantage of Govt’s move to mop up forex 30/6/2020 The Chronicle Nqobile Tshili, Chronicle Reporter CONSUMERS with access to foreign currency are reaping the benefits of Government’s decision to allow businesses to transact in forex as goods become cheaper compared to when one is buying using local currency. In March, Government gazetted a …
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Masvingo city dry port designated Herald 29/6/2020 Finance and Economic Development Minister Professor Mthuli Ncube George Maponga Masvingo Bureau Government has designated a place on the outskirts of Masvingo City along the Masvingo-Harare highway, for a dry port, as the Second Republic continues to improve the ease of doing business by moving to de-congest …
Ecocash Online Application KYC Completion Aid This is a series of screenshots to direct you on the completion of the KYC requirements for Ecocash/RBZ payments. Ecocash Online Application Flow This is a further update to the process as of Monday 29 June 2020
Forex auctions set to begin Herald 18/6/2020 Herald Reporter Auctions of foreign currency will be used from Tuesday next week to set the official exchange rate, the Reserve Bank of Zimbabwe (RBZ) announced last night, with approved importers bidding every Tuesday through their banks for the foreign currency earned by exporters or through offshore …
RBZ restores 30-day forex liquidation period Herald 10/6/2020 Dr Mangudya Tawanda Musarurwa Senior Business Reporter The Reserve Bank of Zimbabwe (RBZ) says it will restore the statutory 30-day foreign currency liquidation period from July, a move that is expected to help boost the operations of the interbank market. This comes as the central bank …
RBZ restricts bank account transactions Herald 5/6/2020 Africa Moyo Deputy News Editor Bank customers are now limited to two internal transactions a day, that is transactions to account holders with the same bank, as the Reserve Bank of Zimbabwe (RBZ) steps up efforts to starve the forex black-market of transaction liquidity. The move follows …