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- businessweekly
- July 19, 2019
- 114 views
Old Mutual to construct industrial park, private hospital
HARARE – Old Mutual Life Assurance Zimbabwe limited is mulling construction of a multi-million dollar industrial park and private hospital on a combined 27 hectare land in the Mhondoro-Ngezi rural district council.
- businessweekly
- July 19, 2019
- 117 views
Pensioners get cushioning allowance
HARARE – Pensioners will this month receive a cushioning allowance as inflationary pressures continue to impact negatively on the cost of living.
- businessweekly
- July 19, 2019
- 126 views
Govt to slash PAYE, VAT
Government has said it is considering lowering the income tax structure to stimulate demand for goods and services by reducing the Value Added Tax (VAT) and Pay As You Earn (PAYE) tax heads.
- businessweekly
- July 19, 2019
- 89 views
Paynet, banks impasse slows billions
AN irretrievably broken down relationship between banks and Paynet Zimbabwe, which until June this year was Zimbabwe’s sole bulk payments enabler, may have significantly cut down turnaround time for transactions amounting to $6 billion monthly, according to bulk payments system’s proprietor Cambria Africa Plc.
- businessweekly
- July 19, 2019
- 92 views
Exporters sweat over SI 157 of 2018
Exports of horticultural products are under threat as the exporters sweat over the implementation of SI 157 of 2018 that compels all importers and exporters of food and other related products to be registered and licensed before shipping the goods, according to industry players.
- businessweekly
- July 19, 2019
- 86 views
At the mercy of interest rates. . . rather than exchange rates
The currency reforms from Treasury and the Reserve Bank of Zimbabwe two weeks ago have brought a sense of stability to pricing of products and services, but, the possibility of interest rates hike must be closely guarded to make sure consumers do not suffer another round of price increases.
- businessweekly
- July 19, 2019
- 75 views
SAA has US$85m stuck in Zim
South African Airways has approximately US$85 million locked in Zimbabwe that it cannot currently access due to the country’s foreign currency crisis.
- businessweekly
- July 19, 2019
- 76 views
‘Real estate sector risks losing new capital’
Property firm, Cardinal Corporation, says the country’s real estate is now uncompetitive and risks losing out on new capital as investors look to developments in neighbouring countries that are more lucrative.
- businessweekly
- July 19, 2019
- 72 views
IDBZ US$1bn deal in limbo
The proposed US$1 billion infrastructure fund deal between the Infrastructure Bank of Zimbabwe and US-based Hondius Capital Management, could have made a little headway after the Reserve Bank of Zimbabwe approved the opening of an escrow account.
- businessweekly
- July 19, 2019
- 64 views
Cyclone-hit businesses seek duty rebate
Cyclone Idai affected businesses in Manicaland Province are appealing to Government for duty rebate on fuel imports as they have resorted to expensive alternative energy sources to continue operations after power infrastructure was damaged.