Business

HARARE – Industry and Commerce minister Nqobizitha Mangaliso Ndlovu says the government is currently working on a national regulatory and quality infrastructure policy which will spell out the coordination of quality and standardisation issues at national level. Ndlovu, who was officiating at World Standards Day celebrations organised by the Standards Association of Zimbabwe (Saz) in…

HARARE – Star Creek, a private land developer, is under fire from residents for establishing a private cemetery in a residential area in Zvimba District. Residents in the area said the setting up of Restland Memorial Park — along Kirkman Road and about 20 kilometres from Harare — would expose tenants to various diseases. The…

HARARE – Labour minister Sekai Nzenza says National Social Security Authority (Nssa) investments director David Makwara’s dismissal was irregular and exposed the pensions authority to unnecessary legal action. The minister’s statements follow a dramatic week and chain of events in which the ex-Trust Bank executive was appointed acting chief executive — two days after he…

HARARE – Zimbabwe’s tax system is characterised by low compliance levels as registered corporate taxpayers are not remitting their dues, a tax expert has said. Speaking at The Financial Gazette tax review conference last week, Christina Muzerengi, a tax partner with Grant Thornton, said the three tier pricing system in the country was making it…

HARARE – Platinum miner, Mimosa Mining Company (Mimosa), spent between $350 000 and $400 000 in refurbishments and renovations at disadvantaged school, Ruvimbo Special School, it has been learnt. Fungai Makoni, the Zvishavane-based miner’s managing director, yesterday said the project was part of Mimosa’s Corporate Social Responsibility work. “Today is the culmination of years of…

HARARE – The Zimbabwe Revenue Authority (Zimra) says high debt continues to negatively affect optimum revenue collection, as obligations increased to $4,55 billion during the third quarter ended September 30, 2018. The revenue collector said despite a positive performance it has launched  a taxpayer education and engagement in a comprehensive drive to improve voluntary compliance….

HARARE – Zimbabweans must support the country’s recently announced monetary policy measures because they are “meant to preserve people’s savings at banks”, a youth empowerment activist has said. This also comes as government has somehow backed a Zanu PF youth league’s call for punitive action against “economic saboteurs”, including currency and commodity speculators by revoking…

HARARE – Local financiers have availed about $87,5 million in agricultural funding over the past six years, with over 500 000 smallholder farmers benefiting from the funds, the Zimbabwe Agricultural Development Trust (ZADT) has said. Godfrey Chinoera, ZADT chief executive, said since the company’s inception in 2012, the organisation had worked towards financing smallholder farmers….

HARARE – Cassava may not yet be a household name in Zimbabwe, but over the next few weeks Cassava is set to become one of the largest companies in the country. The company, best known through its numerous brands that for years have been part of Econet’s products and services, is set to emerge as…

HARARE – The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says it plans to introduce innovation hubs and hackathons as part of its information and communication technology (ICT) Innovation Drive. The ICT Innovation Drive had up to this point operated only as a revolving fund that assists beneficiaries by extending loans for their different…