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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Govt moves to recapitalise CSC

Government has moved closer to concluding a deal to recapitalise the Cold Storage Company (CSC) with potential investors, Lands, Agriculture and Irrigation Development Minister Perrance Shiri has said. The giant beef processor is among the 12 state enterprises earmarked for speedy recovery under the parastatal reform initiative being implemented by …

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TelOne faces $23m bill from dismissed staffers

EIGHTY-two dismissed former employees of fixed telecoms operator, TelOne, are demanding compensation amounting to $23 million as dues accumulated from salaries arrears, unpaid benefits and retrenchment packages following their alleged “unofficial and unlawful” dismissal 14 years ago. The dismissed workers claim that due process of employment termination was not followed, …

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Nedbank offers $75m offshore finance facility

NEDBANK Zimbabwe has availed a $75 million line of credit facility through its mother company, Nedbank South Africa under which pre-and post-shipment offshore finance will be offered to exporters. BY MTHANDAZO NYONI Speaking during the ZimTrade-Banks exports awareness seminar recently, Nedbank Zimbabwe acting business manager Patience Kadivirire revealed that the …

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Companies comply with food fortification

Local companies have complied with the food fortification programme introduced last year to prevent micro-nutrient deficiency disorders among consumers, a government consultant has said. BY MTHANDAZO NYONI In an interview with NewsDay on the side lines of a food fortification workshop held in Bulawayo on Tuesday, Health and Child Care …

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Gold slips

LONDON. – Gold headed lower yesterday, weighed down by a stronger dollar, and may re-test a seven-month low after a failed attempt to break higher in the previous session. Spot gold was down 0.3 percent at $1,253.60 an ounce by 1030 GMT, after retreating from its highest since June 26 …

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