© THE Institute of Chartered Accountants of Zimbabwe (Icaz) and the Chartered Institute of Management Accountants (Cima) yesterday signed an agreement that would allow members of each body access to accelerated routes to dual designations of chartered accounts qualifications. [GoogleAd] Icaz said the agreement was motivated by a desire to ensure that professionals have an…
© FOREIGN investors were net sellers of $2,1 million worth of shares on the Zimbabwe Stock Exchange (ZSE) last week, latest figures show. [GoogleAd] According to the ZSE, foreign purchases accounted for $11,4 million worth of shares during the week under review while sales amounted to $13,5 million. Regional seed manufacturer SeedCo Limited dominated the…
© THE Zimbabwe Revenue Authority (Zimra) says it will be implementing a new five-year strategic plan aimed at improving and widening the country’s tax system. [GoogleAd] This comes as Zimbabwe’s tax system has been described as too complex and rigid resulting in the southern African country losing billions of dollars in potential revenue as many…
© AFRICA’S largest seed producer, SeedCo Limited (SeedCo), says it has no plans to introduce genetically modified organisms (GMOs) maize seeds into the country. [GoogleAd] Although research has proved that GMO crops improve harvests and reduce production costs, Zimbabwe has remained rigidly averse to the artificial plants notwithstanding genetic engineering making a rapid entry into…
© GETBUCKS Microfinance Bank (GetBucks) shareholders have approved a RTGS$5 million rights issue to grow its loan offerings. The financial institution’s shareholders approved resolutions that would allow the bank to raise up to RTGS$47 million in additional capital. [GoogleAd] “The approvals were obtained through resolutions to raise approximately RTGS$5 million via a renounceable rights offer…
© THE EcoCash FCA Merchant Forum, a quarterly meeting which brings together businesses utilising the country’s leading mobile money platform, was launched in Harare at the weekend. [GoogleAd] Speaking after the launch, EcoCash chief executive officer Natalie Jabangwe said the quarterly event is part of efforts to help merchants grow their businesses in a manner…
© MASIMBA Holdings says gross profit performance for the five months to May 2019, strengthened to 14 percent compared to 13 percent during prior year mainly attributed to improved operating efficiencies. [GoogleAd] Canada Malunga, the company’s chief executive officer, told shareholders at an annual general meeting on Friday that the group would continue to preserve…
© TRANSPORT minister Joel Biggie Matiza says lack of capacity and inefficiencies have contributed to a significant decline in the country’s railways market share. Matiza yesterday told a Southern African Railways Association (Sara) meeting that the rail industry in the region is suffering from a huge backlog in maintenance and rehabilitation of infrastructure and rolling stock…
© STATE-owned mobile telecommunications giant, NetOne, has stepped in to offer a solution to the salary payments crisis resulting from a dispute between local banks and Mauritian company, Paynet. NetOne launched a bulk payments platform, termed OnePay, which is a secure bulk payment service that allows an entity to process payments centrally to any OneMoney…
© AMALGAMATED regional trading (ART) on Thursday said its profit for the year ended March 31, 2019 increased by 135 percent on the prior period despite a depression in demand for its products. The company reported a profit after tax of RTGS$8,68 million progressing from a profit of RTGS$3,69 million in the previous comparable period,…
