Wednesday, November 22, 2017
Martin Kadzere Fuel prices may go down after Cabinet approved recommendations by a price stabilisation committee to consider reducing duties and levies on importation of the commodity to reduce the cost of production in Zimbabwe and cushion consumers from a high fuel cost induced price spiral on goods and...
By Jeffrey Gogo As the price of Bitcoin on the local exchange Golix.io this week hit a world record $12 000, almost twice the global rate, tax collector Zimra is now looking at ways to claim its share of the bounty — but it won't be that simple.. “Income earned out...
The cheapest supermarket in Harare’s CBD is OK Zimbabwe with the retailer carrying the most competitive line items, according to a central business district survey carried by the Business Weekly. The store has 30 cheapest line items. Pick n Pay and Choppies came out joint second with 25 items each being...
Conrad Mwanawashe The number of low-income countries in debt distress or facing high risk of debt distress in sub-Saharan Africa increased to 12 in 2016 from seven in 2013 driven mainly by widening fiscal deficits, slow growth and slump in commodity prices, according to the International Monetary Fund. The IMF...
Livingstone Marufu Government has come up with a cocktail of measures to avert potential food shortages during the festive season and early next year. These new procedures came after panicking customers hoarded goods in September following social media claims of an impending shortage of basic commodities and a spike in black...
Dr Tinashe Nyamunda Many people assume that statecraft and chieftaincy have no bearing on the economic fortunes of Zimbabwe when in fact they are inextricably connected. Traditional leadership can be very instrumental in development at a local level within rural areas, which can improve people’s lives, put money in their pockets...
An increase in contribution of non-voice revenue to 63 percent of total and a reduction in finance costs by $10,7 million led Econet Wireless Zimbabwe to an exceptional performance for the half year to August 31, 2017. The group’s revenue grew 17 percent to $352,67 million while after-tax profit...
Martin Kadzere Zimbabwe’s chrome and platinum miners are pushing to have the foreign currency retention raised to at least 30 percent, saying the prescribed 20 percent threshold is not enough to meet their operational requirements. In August this year, the RBZ directed the miners to surrender 80 percent of their...
Hebert Zharare The Master of High Court has said that Equity Properties, which is demanding the removal of Deposit Protection Corporation boss John Chikura and his agent, auditor Ngoni Kudenga as Interfin Bank liquidators, should present its case during confirmation of the next liquidation account in February next year. Equity Propertiesm...
Kudzanai Sharara Taking Stock If there is one thing that is as clear as day and that we all agree on is that we are in the midst of a digital economic revolution. What we can disagree on is how the new technologies are changing the economy and whether the changes...