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Zimra embarks on tax administration reforms

THE Zimbabwe Revenue Authority (Zimra) says it is ready to contribute to a “new dispensation” through tax administration reforms, which seek to simplify tax rules and help taxpayers to meet regulatory requirements more effectively and efficiently. BY FREEMAN MAKOPA Zimra commissioner-general Faith Mazani Tax administration involves the implementation and enforcement …

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Zim resumes diamond auction

Martin Kadzere Senior Business Reporter Zimbabwe resumed diamond auction last week, but attracted fewer international buyers than expected, the Minerals and Marketing Corporation of Zimbabwe said. The auction – the third to be conducted this year – attracted 32 buyers mainly from Asia, the Middle East and Africa, MMCZ acting …

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‘SA is not actually in recession’

South Africa is not in a recession, despite the latest gross domestic product (GDP) figures released by Statistics SA, economist Roelof Botha said on Thursday. He was one of the speakers at the Momentum Consult annual conference. SA slipped into what is generally considered a technical recession — defined as …

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Govt declares nine SEZs

Tawanda Musarurwa Nine companies have been granted Special Economic Zone status in a development that will expedite Government’s drive to increase foreign direct investment (FDI) inflows. According to a Government Gazette published last Friday, the nine companies include Surewin Pvt Ltd; Iron Steel Company of Zimbabwe; Afrochine Pvt Ltd, Southpole …

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‘A lot at stake for Zim at Bangkok climate meeting’

Climate Story Jeffrey Gogo As Zimbabwe’s climate diplomat Washington Zhakata last week headed to Bangkok for the latest round of climate negotiations, he had only one thought on his mind: for the world to reach consensus on how to implement the landmark Paris accord on climate change. “It is very …

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Intratrek sues ZPC for $25m

Golden Sibanda Senior Business Reporter INTRATREK Zimbabwe, founded by businessman Wicknell Chivayo, has filed a lawsuit at the High Court demanding $25 million from Zimbabwe Power Company (ZPC) in damages for alleged repudiation of a multi-million dollar contract for the construction of a solar plant. According to the application case …

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SA restaurant chain to expand footprint in Zim

SOUTH AFRICAN fast-food giant Barcelos will invest $1,5 million and open an additional four outlets in Zimbabwe over the next 12 months, according to an official. BY MTHANDAZO NYONI After opening a 100-seat restaurant in Bulawayo on Monday this week at a cost of $250 000, Barcelos — which operates …

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Firms to benefit from China’s $60bn facility

Tawanda Musarurwa recently in BEIJING, China Mobile phone network provider NetOne, Robert Mugabe International Airport and Hwange 7 and 8 units are some of the projects ear-marked to benefit from the $60 billion concessionary loans from China, Foreign Affairs and International Trade Minister Dr Sibusiso Moyo has  said. Government plans …

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NTS boasts improved market share

NATIONAL Tyres Services (NTS), a retailer of new tyres and tubes, is battling the influx of smuggled tyres, new and used, which have claimed part of its market share. NTS operates 13 retail outlets throughout the country. In this article, NTS managing director Kennedy Mandevani (KM) shares some insights into …

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Zimra says to reform tax collection processes

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base. BY FREEMAN MAKOPA While collections have improved in the first half of the year in comparison to last year, the agency has struggled to …

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