Business
Investors get guarantee on multicurrency regime
The Government has assured investors and businesses operating in Zimbabwe that any policy decision to be adopted upon the expiry of the current term of the multi-currency regime, which runs through 2025, will protect the interests of key stakeholders. This is considered critical to maintain the prevailing stability, growth, and inflation slowdown. A law is […]
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Zimbabwe Stock Exchange records $171 billion revenue
The Zimbabwe Stock Exchange (ZSE) registered $171 billion in third quarter market turnover representing a 27 percent increase from the previous quarter. In comparison to the same period last year (Q3 2022), the market turnover recorded a 418 percent jump from $33 billion. According to the latest ZSE Markets Newsletter which provides market highlights on […]
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Falling metal prices: Mining companies seek Government intervention
FALLING global metal prices are taking a heavy toll on the viability of local mining companies amid fears this could force some of the entities to scale down operations in order to contain rising costs and maintain profitability. The mining companies have since made an impassioned plea for the Government to intervene to limit the […]
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‘Solar energy answer to power deficit’
Zimbabwe has an abundant solar photovoltaic (PV) energy resource which is largely untapped and underutilised that when fully exploited through investments could reduce the energy deficit in line with the National Development Strategy 1 that prioritises the promotion of new and renewable energy sources, Zimbabwe Energy Regulatory Authority (Zera) has noted. The country has high […]
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Zimra TaRMS system goes live
The Zimbabwe Revenue Authority’s new Tax and Revenue Management System (TaRMS) goes live today as the authority seeks to simplify business processes for the convenience of Taxpayers. The new system comes on the backdrop of teething challenges experienced with previous systems such as etaxes and efilling. The authority issued a public notice advising taxpayers that […]
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Caledonia Mining Corporation surpasses gold production target
VICTORIA Falls Stock Exchange (VFEX)-listed company, Caledonia Mining Corporation has set a new quarterly gold production record of 21 772 ounces at Blanket mine, a three percent increase from 21 120 ounces produced in the corresponding quarter in the prior year. The mining house said gold produced in the nine months to the end of […]
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Government suspends duty on fertiliser
GOVERNMENT has suspended duty on fertiliser for approved and regulated importers for a 12-month period, with the Lands, Agriculture, Fisheries, Water and Rural Resettlement minister tasked to ensure that approved fertiliser importers adhere to responsible pricing of fertilisers. Failure to adhere to set import parameters will attract penalties. The bold move is to ensure there […]
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Sanganai/Hlanganani kicks off
THE annual tourism fair — Sanganai/Hlanganani World Tourism Expo — kicks off in Bulawayo today where the country’s rich heritage and hospitality will be showcased to local and international buyers. The expo will run from October 12 to 14 at the Zimbabwe International Exhibition Centre and is expected to ride on the successes gained by […]
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Insurers, pension funds to start paying for lost value
Insurance policyholders and pension fund members who lost value due to inflation are expected to start receiving compensation starting from March 2024 following the gazetting of the compensation framework. The Government in 2015 constituted a commission of inquiry to investigate the causes and extent of the loss of value of life insurance policies and pensions […]
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Potential expo exhibitors overwhelm ZTA
ZIMBABWE Tourism Authority (ZTA) has been overwhelmed with the number of potential exhibitors at this year’s Sanganai/Hlanganani World Tourism Expo with officials saying the enthusiasm generated will stimulate economic growth by creating business opportunities and more revenue streams within the tourism sector. The 16th edition set for Bulawayo from October 12 to 14 at the […]
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