Business

Fuel duty spurs Zimra collections

Ndaka Majaka Excise duty from fuel sales contributed significantly to Zimra’s 2019 third quarter net collections which surged to ZWL$6,42 billion from $1,19 billion collected in the same period in ...

Zimra surpasses third quarter target

Ndaka Majaka THE Zimbabwe Revenue Authority (Zimra) surpassed its RTGS$6 billion revenue target for the third quarter of 2019 as gross collections came in 25,55 percent higher at RTGS$6,59 billion, ...

World Bank downgrades Zim to low-income country

Ndaka Majaka TWO months after rating Zimbabwe a lower – middle income country, the World Bank has downgraded the country to a low income country. According to its latest report, the World Bank ...

Zim economy to contract by 7pc: IMF

Ndaka Majaka ZIMBABWE’S economy is expected to contract by 7.1 percent, latest data from the International Monetary Fund (IMF) shows. This is the country’s first Gross Domestic Product ...

Zim eyes USD30bn mining industry by 2030

Ndaka Majaka ZIMBABWE is eyeing a USD30 billion mining industry by 2030 as the country strives to achieve Upper Middle Income Status in the next decade, a cabinet minister has said. Mines and Mining ...

Tongaat gets tough on child labour

Tawanda Mangoma The country’s largest sugar producer, Tongaat Hulett Zimbabwe has threatened not to process sugar cane supplied by private sugar growers who engage in unorthodox labour ...