Browsing daily archive
The country’s tax collection agency, the Zimbabwe Revenue Authority (ZIMRA) has threatened to punish small and medium scale enterprises (SMEs) who will fail to register for value added tax (VAT), as it escalates its desperate bid to boost revenue to fund a cash-strapped government. The Financial Gazette’s Companies & Markets (C&M) can report that the […]
By Phillimon Mhlanga The local banking industry will next year be required to adopt a new version of the International Financial Reporting Standard 9 (IFRS 9) issued by the International Accounting Standards Board (IASB). This requires all financial institutions to estimate future credit losses, a move which is likely to significantly impact on banks and […]
By Shame Makoshori International airlines have been caught up in Zimbabwe’s foreign payments gridlock and are failing to repatriate close to US$30 million locked in domestic banks, the Financial Gazette’s Companies & Markets (C&M) can report. The crisis has forced the International Air Transport Association (IATA) to dispatch its top executives into the country for […]
By Andrew Kunambura China Machinery Engineering Corporation (CMEC) has expressed interest in revamping Harare City Council (HCC)’s water reticulation system as part of efforts meant to end perennial water woes gripping the capital. Harare currently relies on antiquated, pre-independence water infrastructure laid in the 1950s to cater for a population of just 300 000 people. […]
By Lawrence Paganga Members of Parliament recently came face to face with the sad reality confronting hundreds of workers currently working under difficult conditions at some State-owned enterprises. Some of them have gone for years without receiving their salaries. During a tour of State-owned companies in Matabeleland North’s Hwange and Dete districts, the Parliamentary Portfolio […]
New HIV infections in Zimbabwe fell by 3,1 percent during the first three quarters of last year as patients embraced anti-retroviral drugs and adhered to prescriptions. Analysts, however, said there was little reason to celebrate because people were still perishing from the pandemic, which has given scientists sleepless nights for decades. Zimbabwe National Statistics Agency […]
A power deal between Zimbabwe and South Africa could not sail through this week after it emerged that an inter-ministerial Memorandum of Understanding (MoU) that was meant to be signed on Monday had not been vetted by the Attorney-General (AG). The Financial Gazette can reveal that Energy and Power Development Minister, Samuel Undenge, was meant […]
By Sakhile Ndozi | IOL | Fear gripped residents of Garsfontein, east of the city, on Wednesday following the murder of two people during an apparent house robbery, which left three others seriously injured. The atmosphere was tense for most of the day, with many residents choosing to lock themselves inside their houses and making […]
By Catherine Rice | IOL | Sex workers embraced each other and fought back tears as internationally acclaimed artist Zwelethu Mthethwa was found guilty of murder in the Western Cape High Court on Thursday. Mthethwa was convicted of kicking and beating to death 23-year-old sex worker Nokuphila Kumalo on April 14, 2013 in Ravenscraig road, […]
Madagascar Football Association chief Ahmad has been elected Confederation of African Football president, ending Issa Hayatou’s 29-year reign. Ahmad won 34 of the 54 votes in the election, which was held in Ethiopia’s capital Addis Ababa on Thursday. The result means a change in leadership for the first time since Cameroonian Hayatou took charge in […]