Gold prices slip

Gold prices slipped yesterday as US threats of tariffs on an additional $200 billion of Chinese goods pushed safe-haven flows to the dollar and dashed hopes that Washington will eventually step back from the escalating row. Spot gold was 0,31 percent lower at $1,251.31 an ounce. In the previous session, …

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Strengthening internal control systems safeguards your business

This week we are discussing Internal Controls. Internal control is the process by which management structures an organisation’s activities to provide assurance that an entity operates effectively and efficiently and complies with applicable laws and regulations. It follows that an organisation should then have preventive, detective and corrective controls in …

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Turbulent year for rand

It has been a turbulent year so far for the rand, rapidly transforming from one of the best performing currencies to one of the worst all in the space of six months. The rand began 2018 flexing its muscles, climbing steadily from strength to strength throughout the first quarter as …

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Service beyond expectation

Petrotrade has reaffirmed its presence in the country as a company with vision through its bold expansion strategies. The firm has recently opened a state of the art service station in Beitbridge worth $2 million. Speaking at the official opening of the service station, Petrotrade acting Chief Executive Officer (CEO) …

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Incentive for voluntary disclosure

An incentive put in place by the Commissioner General of the Zimbabwe Revenue Authority (ZIMRA) through Public Notice 22 of 2018, where taxpayers and importers are granted full remission of penalties and fines as part of an ongoing programme notwithstanding the expiry of Tax Amnesty on voluntary disclosure of any …

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Govt targets bridges repair

The new political dispensation has prioritised the maintenance and rehabilitation of bridges throughout the country. For the period January to May 2018, Government has consistently disbursed funds to the four Road Authorities; the District Development Fund (DDF), Department of Roads, Urban Councils and Rural District Councils, for the maintenance and …

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Gtel releases first wireless smartphone

Gtel yesterday released the stunning X7 Plus smartphone, featuring the latest android generation custom processor and wireless charging and earphone system. The company’s brand manager Alvin Pande, said the smartphone features deep learning-based software that enables mobile devices to open up a whole new world of user experiences. Building on …

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Vast Resources explores new opportunities

VAST Resources Zimbabwe is exploring new mining opportunities and intends to revitalise its historic claims, as it seeks to increase its footprint in the country, riding on the significantly transformed investment and political climate. Already, the AIM-listed mining concern holds a 95 percent stake in Eureka Gold Mine, which it …

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fastjet begins Hre-Byo flights

Budget airline, fastjet, is set to commence daily flights between Harare and Bulawayo beginning July 20, in tandem with a Government decision to allow local aviation firms to also ply domestic routes. Previously, domestic routes were a preserve for national airline, Air Zimbabwe. But operational challenges dogging the national flag …

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