Zimra completes Asycuda upgrade

THE Zimbabwe Revenue Authority (Zimra) has completed the upgrade of its Automated Systems for Customs Data (Asycuda) to ensure normalcy to the e-services, as it steps up efforts to improve efficiency. BY FREEMAN MAKOPA The Asycuda system enables pre-clearance of goods, which entails that importers can clear their goods before …

Read More »

PepsiCo mulls Zim snack plant

AMERICAN conglomerate PepsiCo is looking at Zimbabwe among three other countries in the region to set up a snack plant. BY TATIRA ZWINOIRA Speaking to NewsDay after the launch of the Pepsi plant under Varun Beverages Zimbabwe Private Limited in Harare on Wednesday, PepsiCo sub-Sahara African GM vice-president Sarah-Anne Orphanides …

Read More »

RTG banks on elections

THE Rainbow Tourism Group (RTG) is banking on next month’s general elections to boost its revenues further after posting a 16% increase in revenue to $11,1 million in the first five months of the year. BY TATIRA ZWINOIRA In a statement accompanying its trading update for the first five months …

Read More »

Tourism pushes for VAT review

The tourism sector is optimistic it has the ammunition to force government review the 15% value added tax (VAT) on foreign accommodation which the sector blames for making Zimbabwe uncompetitive as a tourism destination. BY NDAMU SANDU VAT on foreign accommodation was introduced in 2015 despite concerns by the sector …

Read More »

Cost of money unsustainable: Ndhlukula

THE Zimbabwe National Chamber of Commerce (ZNCC) will hold its 2018 annual congress in Victoria Falls from June 27 to 29, 2018 under the theme Enterprise Development, Corporate Entrepreneurship and Sustainable Growth. NewsDay (ND)business reporter, Mthandazo Nyoni, speaks to ZNCC president, Divine Ndhlukula (DN) over the congress’ main thrust, among other issues. Below …

Read More »

Mangudya calls for capital projects investment

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said Zimbabwe is spending more resources on consumption instead of capital projects. BY TAFADZWA MUTACHA Speaking at the launch of the Homelink’s housing project in Bindura on Wednesday, Mangudya said investment in capital projects stimulate development. “When we spend more money …

Read More »

Tough times for leather sector

ZIMBABWE’S leather industry is currently producing 1,8 million pairs of shoes per year, down 90% compared to what it used to produce during its heyday, an official has revealed. MTHANDAZO NYONI Giving his presentation during the Bulawayo special economic zones breakfast meeting organised by Alpha Media Holdings and Bulawayo City …

Read More »

New airline starts Zim flights

Africa Moyo Business Reporter Preparations for the launch of Proflight, Zambia’s new route between Harare-Lusaka, are at an advanced stage amid indications tickets went on sale since Tuesday. The airline is expected to start flying into Harare from July 9. Proflight will fly into Harare four times a week. The …

Read More »

Why access to capital is limited . . . solution?

Today we turn our attention to Micro-finance, and how it can be relied upon as an effective tool for breaking the cycle of poverty for unemployed individuals, households and emerging entrepreneurs. We explore, during the next few episodes in this series, how the average individual, household, or community might benefit …

Read More »

Comply with laws to attract investors: Moyo

Enacy Mapakame Business Reporter Local authorities should comply with the laws if they are to attract meaningful property and infrastructure investment into the country, Local Government, Public Works and National Housing Minister July Moyo has said. Speaking at the inaugural Zimreal Property Investment Forum in Harare yesterday, Minister Moyo said …

Read More »