Business

RBZ rescinds “mobile” cash ban

Leroy Dzenga The Reserve Bank of Zimbabwe has rescinded its earlier decision to suspend cash-out and cash-in transactions, but has introduced strict rules on the processes. In a statement, the Central ...

Zimbabwean hotelier in multi-million capex

Ndaka Majaka ZIMBABWE Stock Exchange-listed hotelier, Rainbow Tourism Group (RTG), says it is now pursuing an asset-light growth model, after spending $5,7 million in product upgrades in the first ...

Simbisa postpones results publication

Ndaka Majaka FAST foods giant, Simbisa Brands Limited (Simbisa), says it will delay publishing its audited financial statements for the financial year ended June 30 2019, on the back of functional and ...

Zim Finance Minister explains why 2 percent tax is going nowhere

ZTN Correspondent ZIMBABWE’S Finance Minister Mthuli Ncube says the scrapping of a Statutory Instrument (SI) 205 of 2018, which enabled the government to levy 2 percent tax on electronic money ...

Zimbabwe price hikes erode incomes

… as Civil servants cry foul Pamela Shumba ZIMBABWE civil servant umbrella body, the Apex Council, says the government should come up with a framework that safeguards the value of their ...