Wednesday, January 16, 2019
Anew round of US tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade escalation comes as officials from the world’s two largest economies meet for tariff negotiations in Washington. At...
Golden Sibanda Listed multi-commodity miner RioZim limited, has selected Sino Hydro’s sister company Power Construction Engineering Company (Power China) to build its $2,1 billion coal fired power plant in Sengwa, Gokwe North, in a development that will further ameliorate electricity shortage in Zimbabwe. Sengwa power station will on completion generate 2...
The accounting profession has evolved over the years with manual bookkeeping being the main accounting approach until the late 90s (in Zimbabwe). The 2000 era, however, saw a lot of advancements in technology, which replaced manual accounting work. Given the technological headways in the accounting field since the beginning of...
Gertrude Mawire Zimbabwe is a member of several trade bodies across the world like the World Trade Organisation (WTO), Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA) and Interim Economic Partnership Agreement (iEPA) with the European Union. She has also formalised some bilateral trade relations with...
Hebert Zharare One and a half weeks before the country conducts one of the polls to be remembered as a game changer in Zimbabwe, there are intriguing developments unfolding that have never been experienced in the history of recent plebiscites. The majority of stakeholders responsible for polls conduct are unanimous that...
Getrude Mawire The fiscal authorities have extended two not so successful tax amnesties to the taxpaying public in the past ten years. In both amnesties taxpayers were offered a total reprieve on interest and penalties with respect to any taxes paid during the amnesty period. This means that if you owed $1...
At the heart of the trade war between the United States and China are accusations by the former that the latter has been stealing US trade secrets, forcing American companies to hand over proprietary technology (read Intellectual Property) as a condition of doing business on the mainland, and providing...
Gertrude Mawire The poor response to the first Tax Amnesty extended to taxpayers in 2014 appears to have set a standard for all future Tax Amnesties in Zimbabwe. A preliminary indication from an informal survey conducted by this author indicates that the amnesty dispensation, which ended on 30 June 2018, appears...
Clive Mphambela Market distortions are not only a source of vulnerability for the economy, but they are a hindrance to growth. The existence of a plethora of financial market distortions across the Zimbabwean economy should be a cause for concern for policy. As we progress to put in place an economic...
Paul Bates Technology has radically revolutionised the way companies are conducting their business. Financial technology (often referred to as fintech) is one such technology that has fundamentally changed how organizations, small, medium and large, process and use their financial information. However, like any other technology, there is a lot of...