Takudzwa Chihambakwe Zimbabwe like many other developing nations, is faced with a challenge of formalising business operations in the informal sector. Many players in the sector are not paying their taxes, leading to the government losing millions of dollars in revenue. For that reason, Finance and Economic Development Minister, Professor […]
Jeffrey Preston Bezos, the billionaire founder of Amazon once said ‘one of the huge mistakes people make is that they try to force an interest on themselves. You don’t choose your passions; your passions choose you’. Almost everybody is a seeker of fortune! However, we seem to engage in enterprises […]
Leonard Ncube Victoria Falls Reporter LEADING crocodilian skins and meat producer Padenga Holdings Limited has listed on the Victoria Falls Stock Exchange (VFEX) making it the second company to trade on the off-shore financial services centre. Finance and Economic Development Minister Professor Mthuli Ncube officially launched the VFEX in October […]
ZTN Correspondent THE Reserve Bank of Zimbabwe (RBZ) has found 21 more entities guilty and facing penalties for abusing the foreign exchange auction system. This brings to 39 the number of entities that have been flagged thus far, after 18 were named last month. The Government in May announced Statutory […]
Thupeyo Muleya, Beitbridge Bureau Commercial cargo is gradually piling up at Beitbridge Border Post after South Africa temporarily closed its side of the border due to a major fault on their water supply line. The development has seen the border running without water in the last 24 hours and only […]
Munashe Mukahlera Property, whose value is yet to be established, was destroyed after fire broke out at Monarch Steel factory plant in Zimbabwe’s second largest city, Bulawayo. The fire broke out on Sunday night and by the time the city fire department arrived, the plant had suffered massive damage. It […]
Sihle Mkondo Afrochine Smelting, a subsidiary of Tsingshan Holdings Group, the world’s largest nickel and steel producer, has been given exclusive rights to establish an integrated chrome mining and processing operation in Chivhu. The company is already heavily involved in ferrochrome production following its construction of furnaces in 2020 with […]
Owen Kaura The Reserve Bank of Zimbabwe (RBZ) says local companies have benefited more than $US1 billion on the Foreign Currency Auction System since its re-introduction in June 2020. On Wednesday the Central Bank published a list of 1 344 beneficiaries of the main foreign exchange auction system and 1 744 […]
Sihle Mkondo Zimbabwe’s President Emmerson Mnangagwa was part of the regional leaders who graced the commissioning of the 923 metre long Kazungula Bridge which was developed at a cost of US$259,3 million. The bridge, which lies across the Zambezi river, has a one stop border post linking Zambia and Botswana, […]
Sihle Mkondo Dairibord Holdings Limited (DHL) is poised for growth, riding on economic drivers such as vaccination programmes, a stable auction currency and a good farming and rainy season. DHL board chairman, Josphat Sachikonye said this while announcing the financial statements for the year ended December 31, 2020. “Our strategy […]
