Voluntary disclosure: Payment of withholding taxes

The Income Tax Act [Chapter 23.06] requires payers of certain amounts to withhold taxes on making the payments to the payees. These taxes withheld are usually referred to as Withholding Taxes. It is therefore, important for every payer of an amount to ensure that the correct withholding tax is collected …

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A clean environment is possible

Creating a clean, safe and healthy environment is possible, especially if all stakeholders come on board and play their part towards this worthy cause. A clean environment has high aesthetic value, provides various environmental benefits and is free from diseases. Such an environment is achievable through concerted effort. Who can …

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A clean environment is possible

Creating a clean, safe and healthy environment is possible, especially if all stakeholders come on board and play their part towards this worthy cause. A clean environment has high aesthetic value, provides various environmental benefits and is free from diseases. Such an environment is achievable through concerted effort. Who can …

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Retirement planning ensures old age is enjoyed

Patience Mutsvanga Most people see life insurance primarily as a way to protect families in the event of the early loss of a bread winner during his or her working years. However, it can be so much more than that if incorporated in a retirement plan. Remember it is possible …

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Axia revenue grows 31 percent

SPECIALTY retail and distribution group, Axia Corporation Limited’s revenue for the year to June 30, 2018 grew 31 percent to $275 million on strong performance across board. Operating profit amounted to $25,8 million representing a 46 percent growth above prior year. At $24 million, profit before tax was 41 percent …

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Turnall Holdings to upgrade plants

Bulawayo Bureau LISTED roofing and building products manufacturer, Turnall Holdings Limited plans to embark on plant upgrade at its factories in Bulawayo and Harare to boost capacity utilisation and create more jobs. Turnall managing director Ms Roselline Chisveto said this in an interview at the Bulawayo factory on Monday after …

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Forex shortages choke footwear firm

Africa Moyo Senior Business Reporter TOP exotic leather shoe manufacturer, Millennium Footwear, says foreign currency shortages are throttling its operations and is struggling to meet supplier requirements, while at the same time affecting the firm’s competitiveness. Millennium Footwear’s suppliers such as those that provide leather, require foreign currency for their …

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‘Businesswomen must engage ZimTrade’

Kudakwashe Mhundwa Business Reporter Women in business should engage the country’s trade promotion body, ZimTrade to come up with solutions which will enable them to participate in international markets, the new Industry and Commerce Minister Mangaliso Ndlovu has said. Speaking at a women in enterprise conference last week Minister Ndlovu …

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Funeral assurers breach regulations

Golden Sibanda Senior Business Reporter Most funeral assurance firms are in breach of regulatory requirements on prescribed asset investments as it emerged compliance with provisions of the law stands at a measly 2,12 percent instead of the gazetted threshold of 7,50 percent. The Insurance and Pensions Commission (IPEC) said in …

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Q2 egg production tumbles 12%

ZIMBABWE’S egg production tumbled by 12% to nine million eggs in the second quarter of 2018 as output by large-scale producers fell, according to a second quarter performance report by the Zimbabwe Poultry Association. BY MTHANDAZO NYONI In the report, chairperson Solomon Zawe revealed that the total egg production in …

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