Water meters: Important water management tool

The use of water meters or other acceptable measuring devices has always been key aspect in water resources management. While many people, especially those using raw water for irrigation and other purposes are very sceptical about the installation of meters in their operations, the use of water meters is a …

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Reporting fiscal device faults or theft

All VAT registered operators are required by law to use fiscal devices when recording sales transactions for Value Added Tax (VAT) purposes. The registered operators should ensure that the machines are in working order all the time and should not use any alternative systems, including manual recording of sales, without …

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Gold declines

Gold for December delivery GCZ8, -0,73 percent on Comex fell $11,20, or 0,9 percent, to $1,214.10 an ounce, poised for its lowest settlement in three weeks. For the month, however, prices trade roughly 1.5 percent higher, based on the most-active contracts, FactSet data show. A gain for the month would …

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Standard Bank scoops 13 awards

STANDARD Bank Group, Africa’s leading bank by assets and parent company to Stanbic Bank Zimbabwe, has been recognised for its work across Africa, scooping 13 awards from Global Finance at this year’s annual SIBOS conference, hosted in Sydney. Acknowledging all 13 awards, Hasan Khan, Standard Bank Group’s head of transactional …

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Rand drops

South Africa’s rand dipped yesterday after the country reported an unexpected trade deficit for September. Following the release of the data, the rand extended its losses to trade more than 1.7 per cent lower against the dollar at R14.8435. The country posted a widening trade deficit for September of R2.95bn …

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Zim’s ease of doing business ranking improves

Zimbabwe has improved its global ease of doing business ranking to 155 up from a ranking of 159 for the comparative prior year, the latest World Bank Doing Business 2019 Report has revealed. The country’s score also improved by 1,92 percent to 50.44, according to World Bank Group Flagship Report, …

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Business urges caution

Africa Moyo Senior Business Reporter BUSINESSPEOPLE who met Government on Monday to thrash a sustainable way forward to grow the economy, reportedly called for restraint in the much-touted privatisation of underperforming parastatals. A reliable source that attended the crucial meeting held at State House told The Herald Business that parastatals …

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ED commissions dairy plant

Tawanda Musarurwa Senior Reporter President Mnangagwa yesterday commissioned Innscor Africa Holdings’ Prodairy Milk Processing Plant in Ruwa. The Prodairy factory becomes Zimbabwe’s third UHT Processing Plant after Dairibord and Dendairy. President Mnangagwa said investment into the new plant was critical in helping the country cover its milk consumption gap. “We …

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Forex shortage hits 3 RioZim mines

Golden Sibanda Senior Business Reporter DIVERSIFIED Zimbabwe Stock Exchange (ZSE) listed miner, RioZim Limited, has suspended production at three of its gold mines citing shortage of foreign currency needed to import critical consumables and spare parts. RioZim said in a letter to Reserve Bank of Zimbabwe Governor Dr John Mangudya, …

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Farmers demand payment in forex

TOBACCO farmers, who are battling to access exorbitant inputs, are demanding that the government pays them in foreign currency before the next selling season starts so as to cushion them from currency volatility ravaging the economy. BY FIDELITY MHLANGA This came at a time non-contracted farmers are battling to procure …

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