Business
Zimswitch takes convenience a notch higher with e-commerce solution
Zimswitch has introduced an online payment platform to support local e-commerce in Zimbabwe. The development is coming at an opportune time of festivities where there is growing demand for spending as consumers gear up for travel, gift-giving, and holidays. The innovative solution offers Zimswitch-enabled cardholders a secure and convenient way to shop online, pay bills, pay fees and […]
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‘SeedCo Int stocks enough to meet regional demand’
SeedCo International says it has adequate seed stocks to satisfy demand across markets after the group achieved strong yields and quality seed grains in the 2022 production season. The group, which is incorporated and domiciled in Botswana and listed on the Botswana Stock Exchange and the Victoria Falls Stock Exchange, has subsidiaries, associates, and joint […]
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New tax measures critical to drive State programmes
THE taxation measures in the 2024 National Budget Statement last week are designed to raise revenue to support key programmes at a time the Government has limited space for fiscal revenue, the Treasury chief said yesterday. Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube made the remarks at the 2024 National Budget Statement […]
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Retailers call for scrapping of proposed value added tax
CONFEDERATION of Zimbabwe Retailers (CZR) is calling for the reconsideration of the proposed value added tax (VAT) on basic commodities saying that the initiative will contribute to many people becoming food insecure and will further informalise the economy. During the presentation of the 2024 National Budget, Finance, Economic Development and Investment Promotion Minister Mthuli Ncube […]
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Econet forecast to see better 2024
Listed mobile network operator Econet, is projected to see improved operational efficiencies and earnings performance for financial year 2024 on the back of its capital investments into modernising network infrastructure. Econet is currently the biggest mobile network operator in the country, ahead of peers NetOne and Telecel. Market watchers opine that the company’s commitment towards […]
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Zim strikes right chord in mining
Value addition and beneficiation of minerals has moved a gear up, with the Government directing all companies mining lithium to submit plans to move away from producing concentrates to lithium carbonates, the final product manufacturers need, by March 31 next year. As the end product in the lithium processing system, carbonates can be used to […]
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Bitumen to do civil works at Zim Cyber City
The construction of Zim Cyber City, situated in the serene landscapes of Mount Hampden, has been upscaled, with reputable firm, Bitumen World, yesterday signing a contract to start civil works at the site. Completion of the civil works will fast track the construction of 50 modern villa apartments out of the 233 proposed units expected […]
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Zim has latest stockfeed technology in Africa
ZIMBABWE now boasts the latest stockfeed technology in Africa, imported from Turkey, that can produce up to 240 tonnes per day being operated from home by a single person. In line with the Second Republic’s mantra, “nyika inovakwa nevene vayo,” a local firm, Davipel Group of Companies, an indigenous agro-processing company in Harare’s Sunway City […]
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Legislators, economists hail Budget
Parliamentarians and analysts yesterday largely welcomed the 2024 National Budget presented in the National Assembly by Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube. They said it was a pro-poor budget, with significant resources allocated to social services that include health and education. Prof Ncube presented a $58,2 trillion Budget yesterday during a […]
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Biti denies attacking investor
HARARE lawyer and opposition politician Tendai Biti yesterday denied advancing towards businesswoman Mrs Tatiana Aleshina with intent to attack her. Biti, who is facing charges of assaulting Mrs Aleshina at the Harare Magistrates Court in 2020 using verbal assault and threatening behaviour, was presenting his defence case. Allegations by several witnesses are that he advanced […]
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