Voluntary disclosure

The Zimbabwe Revenue Authority (Zimra) encourages taxpayers to review their tax affairs and make voluntary disclosures where there is any income omitted from returns submitted or where there are any tax obligations that the taxpayer may not have complied with. The intention is to encourage voluntary compliance from taxpayers and …

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Business fails to take up export opportunities

Zimbabwean businesses are failing to take advantage of export opportunities in the region, leaving South African companies to exploit them, ZimTrade acting chief executive Allan Majuru told the NMBZ exporters breakfast meeting last week. He said that South African trucks were passing through Zimbabwe carrying exports to Tete Province in …

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African Sun appoints new chairman

Hospitality group, African Sun Limited, has appointed Mr Alex Makamure as the new board chairman with effect from June 29, 2018. Mr Makumure takes over the reign of the board from Herbert Nkala, who stepped down on June 28. Prior his ascendency to board chair, Mr Makamure served as the …

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RBZ brings in $1,3bn off-shore loans

THE Reserve Bank of Zimbabwe (RBZ) has between November 2017 and May this year successfully negotiated for $1,3 billion off-shore loans to support the economy, an official said yesterday. Speaking during a ZimTrade-Banks breakfast seminar in Bulawayo, RBZ financial markets division principal analyst Mr Tapiwa Furusa said the $1,3 billion …

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Europe’s deal on migration a failure

European Union leaders say they have a new deal on migration. It’s hardly that: They came up with a text but no clear agreement on what to do. The plan is a muddle that leaves important details blank. Most important, it ducks the main challenge: to devise a common EU …

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Gold imports slump

Imports slumped more than 25 percent to 54 tonnes in June from a year earlier, a person familiar with the information said, asking not to be identified as the figures aren’t public. Overseas purchases plunged 40 percent to 343 tonnes in the first half from a year ago, according to …

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Govt surpasses target for road grading

The year 2017 saw Government focus on grading the country’s national road network with gravel/earth roads to ensure that they are trafficable. A total of $126,2 million was disbursed to Road Authorities under the Government of Zimbabwe Emergency Road Rehabilitation Programme (ERRP) in 2017 as Government through the Ministry of …

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Steady gains for oil

Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and US refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte. Western Canada Select at the Hardisty hub will average C$53,35 this year and climb …

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A tool to ready business for investment

Over the last two weeks, we have discussed ways in which you can prepare yourself and your business for investment. In this week’s article, as we touch on a very important tool – the Business Plan – we draw on the biblical wisdom of Luke 24:28, “For which one of …

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Stanbic responds to clients

Stanbic Bank Zimbabwe has responded to requests by its clients in the capital to add Harare City Council as a biller on its digital platforms for ease of settling bills. Head of Personal and Business banking Partson Mahatchi said since last Thursday, Harare customers are now able to pay their …

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