These Covid-19 times have been tough on businesses. Restaurants that depended primarily on sit in customers had to quickly formulate plans to deliver food you handle just take outs. Some were completely closed during the lockdown period. Good news for restaurant owners has been shared by Nick Mangwana, a Permanent Secretary in the Ministry of… Continue reading Important announcement by Nick Mangwana
Category: Business
CFI Holdings already 73% up in revenue
CFI Holdings, which is the parent company to Farm and City, Vetco, Habbard Zimbabwe and Crest breeders has recorded a 73% increase in revenue in the quarter ended December 2020. The groups farming division contributed to 4% of its total revenue in the stated period compared to the 1% previously attributed to it. Commenting on… Continue reading CFI Holdings already 73% up in revenue
ZUPCO monopoly unlawful says Zimbabwe Supreme Court
Tendai Biti has just argued and won a case in he Supreme Court of Zimbabwe, which is a step closer to getting other transport operators back on the road. The seasoned lawyer and politician was arguing a decision by a High Court that upheld the ZUPCO monopoly on public transport. The matter according to Biti… Continue reading ZUPCO monopoly unlawful says Zimbabwe Supreme Court
Beitbridge Border at a standstill as SA taxi operators block traffic
Traffic is at a standstill at the border as South African taxi operators protest the delay by Zimbabwens authorities to delay re-opening the borders due to the Covid-19 pandemic. South Africa is currently battling it’s a deadly strain of the virus. The taxi operators have blocked all traffic, mainly trucks from getting into Zimbabwe or… Continue reading Beitbridge Border at a standstill as SA taxi operators block traffic
No work, No Pay government warns Teachers, days before schools open
The Zimbabwean government of digging in when it comes civil servants salaries, even before they finish negotiating with workers in a meeting that is supposed to take place today (12 March 2021), as part of it’s preconditions the government is expecting all workers in this instance to report to work or they will not get… Continue reading No work, No Pay government warns Teachers, days before schools open
The surprising story of Zimplats and US$5,5 million
Zimplats, a unit of Impala Platinum Holdings has reported some very noteworthy news relating to their use of foreign currency. During the half year ended December 31, 2020, Zimplats was able to reduce foreign exchange losses by an impressive US$5,5 million. Before we dive into how they were able to do that, we’ll take a… Continue reading The surprising story of Zimplats and US$5,5 million
Popular businessman Mohamed Mussa dies
One of Zimbabwe’s largest wholesalers who was the Director and founder of Mahomed Mussa Wholesalers Group has died. He was also the father of former Warriors team manager Sharif Mussa. A statement released by the businessman’s family had this to say: “It is with sadness that we announce the passing away of our beloved father,… Continue reading Popular businessman Mohamed Mussa dies
The housing sector might be exempt from lockdown restrictions
According to Statutory Instrument(SI) 10 of 2021, institutions that are not considered essential service providers can appeal for exemption from the government. That is exactly what REIZ President Alexander Millin did in his letter to Industry and Commerce secretary Mavis Sibanda. The following facts are being taken into consideration before the decision can be made:… Continue reading The housing sector might be exempt from lockdown restrictions
City of Harare revises Fines for clamped vehicles…Upwards!
The City of Harare has just published it’s new rates for traffic enforcement, if your vehicle gets clamped you will need to part with US$30 + a US$10 prescribed penalty, that is if you are driving a light motor vehicle. Commuter Omnibuses will have to to fork out a minimum of US$50 if they get… Continue reading City of Harare revises Fines for clamped vehicles…Upwards!
Network marketing platform Longrich banned in Namibia
Network marketing platform Longrich has been banned with immediate effect in Namibia. According to reports in The Namibian the Bank of Namibia has declared Longrich Bioscience as an illegal financial scheme, and has called in its promoters to cease their operations immediately. “Considering the assessment made, the bank hereby declares Longrich as an illegal financial… Continue reading Network marketing platform Longrich banned in Namibia
Zimbabwe’s Economy is Shrinking says IMF
Contrary to Zimbabwe’s Ministry of Finance estimates of economic growth in 2019, the International Monetary Fund (IMF) has just released its projected figures on Zimbabwe and they are not looking good. The IMF says Zimbabwe will register a negative economic growth of -5.2% in 2019, that means Zimbabwe is officially in a recession, for the… Continue reading Zimbabwe’s Economy is Shrinking says IMF
Breaking: Maize producer prices increased to RTGS$ 726 Per Tonne, Cotton RTGS$1 950
The Cabinet of of Zimbabwe has approved the proposal by the Ministry of Lands, Agriculture, Water, Climate and Rural Resettlement to review the producer prices for maize, small grains, wheat, soya beans and cotton. Maize and other small grains are now priced at RTGS$726 per metric tonne, that is almost double the price that was… Continue reading Breaking: Maize producer prices increased to RTGS$ 726 Per Tonne, Cotton RTGS$1 950
We need a weak currency to stimulate the productive sector – Eddie Cross
The Aftermath Shortly after the Government was sworn in August 2018, they agreed to an economic and monetary reform program. Since then much of this ambitious plan has been implemented and the consequences have been a sharp deterioration in living standards and disposable incomes. What has been already carried out? First they had to deal… Continue reading We need a weak currency to stimulate the productive sector – Eddie Cross
No more Buttercup as Olivine Shuts down margarine plant
Olivine Industries has reportedly shut down its margarine plant owing to foreign currency shortages. The Agro-processing plant has like many other Zimbabwean companies been grappling with foreign currency shortages, this has led to many businesses closing down or scaling down operations. According to officials at the company the margarine plant has been closed since January… Continue reading No more Buttercup as Olivine Shuts down margarine plant
City of Harare to close down ‘Noisy Churches’ in the next 2 months
The City of Harare (COH) has just announced a plan to clamp down on what it calls noisemakers, this list comprises of churches, halls, restaurants, sports clubs etc. According to COH they are inundated with complaints from residents over noise, so they are targeting businesses operating without Certificates of Place of Assembly, you can read… Continue reading City of Harare to close down ‘Noisy Churches’ in the next 2 months
South Africa planning a short-term credit plan for Zimbabwe
Zimbabwe’s largest trading partner South is planning a short term credit plan to help Zimbabwe out of its economic crisis, this was revealed by South Africa’s Finance Minister, Tito Mboweni in an interview with the Daily Maverick. Apart from the short term credit facility South Africa is also planning to help Zimbabwe clear off its… Continue reading South Africa planning a short-term credit plan for Zimbabwe
BREAKING: ZIMRA Workers go on strike citing eroded incomes
Zimbabwe Revenue Authority workers have gone on strike citing a host of grievances including inadequate bus fare and the eroding of salaries due to the current economic woes in the country. ZIMRA workers’ strike come at a time when the Zimbabwe Congress of Trade Unions (ZCTU) have called for a nationwide Stay Away after the… Continue reading BREAKING: ZIMRA Workers go on strike citing eroded incomes
BREAKING: Zimbabwe Fuel prices increased effective 13 January 2019
President ED Mnangagwa has announced that the price of fuel has with effect from the 13 of January 2019 been increased. The new price on the pump for Diesel is now pegged at $3.11 per litre and Petrol is now pegged at $3.31 per litre. In his address to the nation at the state house… Continue reading BREAKING: Zimbabwe Fuel prices increased effective 13 January 2019
Harare to introduce water rationing as Lake Chivero Water levels drop
Harare residents! Brace yourselves for a dry January. The Harare City Council (HCC) will in the next two weeks introduce water rationing across the city, in a statement (below) released by the HCC, Lake Chivero water levels have dropped by 3 metres owing to siltation. Morton Jaffray Water Treatment plant will also be shut on… Continue reading Harare to introduce water rationing as Lake Chivero Water levels drop
This website lets you calculate ZIMRA duty on your phone or computer for free
If you have bought something online you would know how difficult it is to get information on Zimbabwe Revenue Authority (ZIMRA) duty calculations, most of the time you will only know how much you owe the taxman once your goods have landed in the country. Well that is set to change. A new website http://zimdutycalculator.co.zw… Continue reading This website lets you calculate ZIMRA duty on your phone or computer for free