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Charity Ruzvidzo Business Reporter
KPMG Chartered Accountants will meet the business community in Bulawayo this Friday to discuss strategies of turning around company operations and positioning them to attract investment.
Coming at a time when the Confederation of Zimbabwe Industries (CZI) latest report indicates a continued negative economic climate and declining revenue for most firms, KPMG would also engage captains of industry on international financial standard reporting (IFRS).
Bhekimpilo Mpofu, the manager of KPMG in Bulawayo, yesterday invited the corporate sector to attend the business indaba, which would be addressed by several speakers.
“We invite corporates and interested parties to our 2014 IFRS and business seminar. Different speakers will present on various topics. On an annual basis we provide an update on IFRS, so this is the platform to do so again this year,” he said.
“We’ll provide information to companies on how best to include going concern disclosures in their financial statements. Other presenters will deal with attracting investment in the current environment and also tax updates”.
He said Zimra officials will also be present to answer questions on tax. “We’ve also invited Zimra officials to the conference to answer any technical issues regarding tax that would be raised by delegates attending the conference,” he said.
Last week CZI, in its industrial survey report, revealed that the capacity in the manufacturing sector fell by a marginal 3.3 percent to 36.3 percent.
Although the results of the 2014 CZI state of the manufacturing sector survey show a decline in the sector compared to last year, gains in some sub sectors neutralised the overall performance of the whole manufacturing sector.
derick.khumalo