HARARE – The Zimbabwe Revenue Authority (Zimra) has launched an operation targeting companies and individuals that have defaulted on their tax obligations. This comes as the national tax collector’s July gross collections increased by 20,80 percent to $406,13 million from its monthly target of $336,20 million. However, Zimra believes that many clients are yet to…
HARARE – FBC Holdings (FBC) will this year record a surge in interest income and commissions following an 18 percent rise in interest income in the first half, a local equities group has said. Highlighting that the group’s income was set to maintain its upward trajectory on account of the investments in savings bonds and…
HARARE – The Postal and Telecommunications Authority of Zimbabwe (Potraz) says it has to date trained over 9 000 people in information communication technology (ICT) efficiency after setting up 146 Community Information Centres (CICs) around the country. The move is aimed at improving ICT penetration in the country, an official with the authority said. Lazarus…
HARARE – Foreign investors were net buyers of $300 000 worth of shares on the local bourse during the week ending August 10 according figures released by the Zimbabwe Stock Exchange (ZSE). According to ZSE, foreign purchases accounted for $4,3 million worth of shares while sales amounted to $4,6 million during the week August 6…
HARARE – Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) yesterday said it recorded a $13,5 million surplus position in the year to December 2017, after collecting $31,9 million in revenue. Ozias Bvute, the industry regulator’s chairperson, said the organisation weathered last year’s economic storm and experienced a healthy working capital position with revenue targets…
HARARE – Old Mutual Zimbabwe (Old Mutual) says its profit after tax declined by 35 percent to $66 million for the half year to June 30, 2018 from $101,8 million achieved during the same period last year due to the impact of lower fair value gains on listed equities during the period under review. The…
HARARE – Zimbabwe is seeking to revive the flower industry decimated by the land reform programme with plans to put 1 000 hectares of cut flowers under plantation. Under former president Robert Mugabe, authorities carried out often violent seizures of white-owned farms in a bid to address what they called injustices during British colonial rule,…
HARARE – One of Zimbabwe’s fastest growing off-grid energy company Zonful Energy (Zonful) has received a major investment boost from regional lender Persistent Energy Capital LLC (Persistent). The partnership between Zonful and Persistent includes technical and advisory support in finance, financial management and IT. This will strengthen the company’s impact on the whole of Africa…
HARARE – Global restaurant chain, Nando’s, popular for its legendary flame-grilled peri-peri chicken, opened a new outlet in Msasa, Harare yesterday following a $700 000 investment. The just-opened restaurant is the first of five Nando’s intends to open this year alone that will take its outlets to 13 by December. Nando’s plans to open two…
HARARE – A new energy firm Bulls Power Fuels says it is aiming to be a key player in the sector by providing quality products to consumers. Michael Munhuwei, the group’s chief executive, on Friday said the company has already began providing gas through its subsidiaries Bulls Gas and will soon venture into petrol and…
