DESPITE the current economic pressures in Zimbabwe, Edgars Stores Limited has registered a steady growth in sales and an overall promising performance. [GoogleAd] The group recorded a profit of $8,5 million (RTGS$) for the full year to December 31, 2018 period. This was a significant rise from $3,98 million in 2017. A 114 percent growth…
AMONG the many benefits that employers provide to their employees is the free parking space benefit. As such, it has become a common practice for employers to offer free parking space to employees when they come for work or to enter into arrangements that provide parking for their employees’ personal cars. [GoogleAd] The arrangements may…
ZIMBABWE’s local currency, the RTGS dollar, has shed more than 20 percent of its value since its introduction as the availability of foreign currency on the formal market remains subdued. By Friday last week, the RTGS dollar had weakened to RTGS$ 3.0120 against the United States dollar, a 20 percent drop. Analysts attribute the continued…
WHEN the taxman pays an impromptu visit, they all shut their doors; and when he calls-in everyone stampedes for the exits just to get a good reason to say “no one heard the call”. Very few people would want to pay their taxes, if there is a good reason to save their own skin. Besides,…
A Parliamentary panel has sought public comments on a draft Bill that seeks to extend and strengthen the supervision exercised over microfinance institutions. The Portfolio Committee on Budget, Finance and Economic Development will hold public consultations on the Microfinance Amendment Bill from April 8 to 11. [GoogleAd] “All those who will be putting on military uniforms,…
ZIMBABWE’s local currency, the RTGS dollar, has shed more than 20 percent of its value since its introduction as the availability of foreign currency on the formal market remains subdued. By Friday last week, the RTGS dollar had weakened to RTGS$ 3.0120 against the United States dollar, a 20 percent drop. [GoogleAd] Analysts attribute the…
THE Zimbabwe Congress of Trade Unions (ZCTU) says the spiralling cost of living justifies an upward adjustment in the minimum wage to US$600 (RTGS$1 800) to cushion the embattled worker. To push through its agenda, the union wants government — through the ministry of Labour and Social Welfare — to convene an urgent Tripartite Negotiating…
The Zimbabwe Revenue Authority (Zimra) says it is still deliberating on the revision of presumptive taxes assessing the impact of the recent changes in the country’s monetary policy. The tax authority told the Daily News that its team is currently making headway to understand the current environment before making changes to a number of areas on…
Pioneer Hi-Breed seeds has launched two new varieties, P2809W and P3506W, to support government efforts to enhance food security in Zimbabwe. [GoogleAd] Zimbabwe has a total land area of about 39 million hectares. Over 33 million hectares of this is used for agricultural purposes. Commercial farmers utilise approximately 11 million hectares of land primarily located in…
The Zimbabwe Revenue Authority (Zimra), which is owed over $4 billion by corporates and individuals, says it will continue to engage the debtors. [GoogleAd] Zimra’s commissioner-general Faith Mazani said the national tax collector will only use garnishee orders when taxpayers decide to ignore the tax collector’s gesture. “The authority continues to engage companies which owe taxes,…
