adminThick borders, thin trade
James Shikwati Features CorrespondentPoverty in Sub- Saharan Africa is a man-made phenomenon driven by internal warped policies and international trade systems. The continent cannot purport to seek to grow while it blocks the
When HIV knows no boundaries
Roselyne Sachiti Deputy Features Editor
“MIAMI, Florida, is a must see if you have never visited the US. It is the US’s most popular vacation spot and is well known for beaches including South Beach, trendy nightlife, the Art Deco district, Calle
Nestle upbeat of growth opportunities
JOHANNESBURG. — Nestle, the international dairy and cereal producing firm which committed millions of rands in investment commitments in South Africa this week, is upbeat of the growth opportunitiesUnderstanding withholding tax
In terms of Section 80 of the Income Tax Act (Chapter: 23:06), a 10 percent withholding tax is deductible from all amounts payable to all persons who enter into contracts with the State or a statutory body, a quasi-government institution and taxpayers who are registered with the Zimbabwe
Government okays new RBZ bank rules
Fanuel Kangondo and Martin Kadzere
GOVERNMENT has endorsed minimum capital thresholds for banks announced by the Reserve Bank last week, but says the policy should neither suffocate nor criminalise indigenous banks.
It urged banks to comply with the stipulated deadlines.
At a meeting with bankers in Harare yesterday, Acting Finance Minister Gorden Moyo said the new policy should be implemented in a manner that does not suffocate indigenous banks.
Also present at the meeting was Mines and Mining Development Minister Obert Mpofu; the majority shareholder in ZABG Bank and Environment and Hospitality Industry Minister Walter Mzembi.
“When it came to our attention, we had a number of questions,” said Minister Moyo.
“We invited the governor (Dr Gideon Gono) to give us his perspective. After the (Cabinet) meeting, I am here to restate the Government position.
“We appreciate the policy, but as a matter of principle, the policy should not criminalise bankers. Instead, it should consolidate them. The purpose should not be to eliminate any banks, but they should grow.
Pamuzinda, here we come!
Entertainment Editor
Fans of sungura icon Alick Macheso and contemporary musician Jah Prayzah are already counting down to the duo’s show slated for Pamuzinda Highway Xscape next week. The show will be held on
Bumpy road for Bongani
Ruth Butaumocho Entertainment Editor
With only nine days to go before the Miss World grand finale kicks off in China, it appears that Zimbabwe’s representative to this prestigious event, Bongani Dhlakama, is yet to find her stride.
Race horses give way to ‘Spin City’
Jonathan Mbiriyamveka Entertainment Reporter
Those who have been to ekasi or the ghetto in South Africa are familiar with the word “gusheshe”.
The word, which is the ghetto lingo for the BMW 325, is a must have for any ghetto youth, not that it’s
Gwanza photo exhibition begins today
Richmore Tera Art Correspondent
LEADING photographers from Zimbabwe, South Africa, Uganda, Nigeria and the Democratic Republic of Congo will showcase their work during a two-day exhibition to be held at the National Art Gallery of
Paris Jackson unveils shrine to late father
Los Angeles. — Paris Jackson has unveiled a shrine to her late father Michael Jackson which took her three hours to create. The 14-year-old aspiring actress spent “three effing hours” creating a tribute to