Zimra to curb double taxation

THE Zimbabwe Revenue Authority (Zimra) says it is in the process of negotiating agreements with the country’s trading patners to curb the issue of double taxation. Speaking at the official opening of the ATAF seminar held in Harare yesterday, Zimra commissioner-general, Faith Mazani said there was need to sign treaties …

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Time Bank shareholders fight to reclaim land

Time Bank Zimbabwe shareholders have made an urgent chamber application at the High Court for stay of execution pending determination by the Constitutional Court for its application for leave to appeal against two court rulings. BY BUSINESS REPORTER TBIC Investments is in a tussle with Kennedy Mangenje over the ownership …

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Sirdc to double hybrid seed output

The Scientific and Industrial Research and Development Centre (SIRDC) is targeting producing 1 000 tonnes of maize seed for the 2018/19 cropping season, up from 600 tonnes last year to meet growing demand, an official has said. By Freeman Makopa SIRDC general manager, Tafara Matekaire, said the increase was due …

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Zimra accused of stifling export growth

Delays at border posts have seen Bulawayo companies accusing the Zimbabwe Revenue Authority (Zimra) of being an impediment to exports growth, as they say this has seen them losing business worth millions of dollars due to bottlenecks at the country’s ports of entry. BY MTHANDAZO NYONI Speaking at a ZimTrade-Zimra …

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Basic commodity price hikes loom

An increase in prices of basic commodities and other products is looming in Zimbabwe, as fuel prices continue on an upward trend, the Confederation of Zimbabwe Retailers (CZR) has warned. BY MTHANDAZO NYONI Fuel prices have gone up significantly across the country in the past few weeks and the government …

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TIMB dishes inputs to farmers

THE Tobacco Industry and Marketing Board (TIMB) last week distributed inputs for 2 000 hectares to 800 tobacco farmers in the first phase of a $70 million input facility from the central bank. BY FREEMAN MAKOPA TIMB spokesperson, Isheunesu Moyo told NewsDay that the process of providing inputs had started …

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China stocks fall as trade war escalates

By Samuel Shen and John Ruwitch SHANGHAI. — Chinese stocks fell on Friday as US tariffs reignited fears of a global trade war, overshadowing the long-awaited inclusion of A-shares in MSCI Inc’s benchmark indexes which had been expected to trigger a surge of cash from foreign investors. The addition was …

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Methane gas won’t derail climate goals — Zhakata

Jeffrey Gogo Climate Story Zimbabwe’s climate change head Washington Zhakata has rejected claims that using coal-bed methane gas to generate electricity will derail the country’s climate goals. Speaking to The Herald Business, Mr Zhakata stressed that coalbed methane — a gas trapped in the coal when it is formed — …

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Econet in $50m debenture poser

Golden Sibanda Senior Business Reporter ECONET Wireless Zimbabwe is desperate to find a quick solution to circumvent regulatory challenges which have hampered plans to list $50 million debentures on an external securities exchange to protect value for shareholders who bailed out the company during an emergency capital raise exercise last …

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Seed Co revenue down 5 percent

Business Reporter A combination of adverse factors saw pan-African seed giant Seed Co record lower than expected sales volumes and revenue for the year-ended March 31, 2018. According to chief executive officer Morgan Nzwere, the group experienced production challenges stemming from high disease pressures, erratic rainfall (drought) and poor pollination …

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