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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Zimra adopts conciliatory approach

Africa Moyo Senior Business Reporter The Zimbabwe Revenue Authority (Zimra) says it has dumped its combative tax administration tactic in favour of a conciliatory approach whereby tax payers willingly comply with the dictates of the country’s laws. This was said by Zimra Commissioner General Faith Mazani yesterday in Harare during …

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Global platinum market headed for surplus

The global platinum market will end the year in a surplus of 295 000 ounces as both supply, from main producers Zimbabwe, South Africa and Russia, and demand for the metal will fall by 2 percent, the World Platinum Investment Council (WPIC) said yesterday. Global demand, which will fall to …

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‘Bulawayo has huge tourism potential’

Prosper Ndlovu Bulawayo Bureau The tourism industry presents a huge opportunity for the City of Bulawayo to grow its economy and complement efforts to revive the manufacturing sector with significant impact on livelihoods. While the city is regarded as the manufacturing hub of the country, the demise of industry in …

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Forex Rates

Currency Name Currency CodeTT Buying Middle RateBRITISH POUNDGBP1.24571.2844INDIAN RUPEEINR69.059271.1976CHINA YUAN RENMINBICNY6.62266.8282EUROEUR1.12321.1581NORWEGIAN KRONERNOK8.12368.3764JAPANESE YENJPY108.0480111.3950SWEDISH KRONERSEK8.83399.1102AUSTRALIAN DOLLARAUD0.69960.7213CANADIAN DOLLARCAD1.27161.3110SWISS FRANCCHF0.94210.9714BOTSWANA PULABWP0.08920.0922S A RANDZAR14.499214.9545ARAB EMIRATES DIRHAMAED3.56283.6731   Source : The Herald

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Seed cotton output, lint exports to surge

THE Association of Cotton Value Adders of Zimbabwe (ACVAZ), a grouping of all stakeholders involved in the cotton value chain, is bullish about national seed cotton output this year, which would in turn push cotton lint production upwards. BY FREEMAN MAKOPA The body expects seed cotton production to more than …

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Govt urged to promote domestic tourism

GOVERNMENT has been urged to promote domestic tourism through a number of innovative initiatives, including concessionary support measures to low-wage earners. BY MTHANDAZO NYONI Speaking during the Professionals Business Association of Zimbabwe (Probaz) breakfast meeting held in Bulawayo on Tuesday, a researcher and economic analyst Butler Tambo said tourism was …

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Fuel shortage rocks Zim

ZIMBABWE’S economic challenges continue to mount with key towns, Beitbridge and Victoria Falls, running out of fuel. BY REX MPHISA The fuel shortage comes at a time the country is facing a wave of price increases, which observers say are linked to foreign currency shortfalls. Motorists in Beitbridge, sub-Saharan Africa’s …

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