15.3 C
Harare
Friday, July 30, 2021
Revenue stood at ZWL$256.6 millionNewspaper division’s revenue declined by 17.9%Company expects to receive national television broadcasting license Harare- ZSE-listed Zimpapers Limited posted a decline in revenue in inflation-adjusted terms in the half year ended 30 June 2020 owing to COVID-19 related challenges.
The move is expected to promote food security towards the realisation of Vision 2030The Bank will also provide investment support for A1, A2 and small scale commercial farmers who have not been supported by commercial banksAgriculture remains the core of economic recovery and growth in Zimbabwe, accounting...
Amid the currency saga, domestic political tumult and seemingly labour unrest is causing further uncertaintyCZI has urged the government to demonstrate clarity on the currency position on whether the country is still under the multi-currency environmentThe currency saga has created a dislocation in the economy and it is threatening any efforts for economic...
Gold deliveries for October 2020 0.7% below September resultsCumulative total for deliveries now at 18tonnes5 tonne run rate required in the last 2 months in order to meet target for the year Harare – Zimbabwe is set to miss its gold collections target...
350 transactions with a value of US$457m processed by RBZThe respective local currency should be transferred to the Bank by 30 April 2020In February, RBZ had validated blocked funds amounting to US$1.2 billion. In the most recent update issued on Friday, The Reserve...
Acquired 100% stake in UNBUNB is a new source for forex earningBusiness is yet to trade since the conclusion of the transaction due to COVID-19 lockdown Harare - Zimbabwe’s largest beverage company and a subsidiary of AB InBev, Delta Corporation has acquired a...
FPL for one person up by 4% in FebTCPL for an average of five people rose by 18%Lockdown weighing on informal sector Harare - The poverty levels in Zimbabwe are likely to worsen as an effect of the COVID-19 global pandemic that has...
Monthly inflation for January 2020 fell to 2.23% from 16.55% in December 2019The surprise drop was driven by the smaller increases in price of food and non-alcoholic beveragesAlthough the monetary authorities expects inflation to fall, the pressure emanating from exchange rate loss is too high and therefore increases outlook uncertainty
Tax-free threshold up 150%Move meant to minimize the tax burden and enhance disposable incomeCivil service is demanding salaries in USD Harare - Government has reviewed upwards the tax-free threshold for Personal Income Tax in a bid to cushion workers from bracket creep as...
Reserve money up by ZW$2 billion w.o.wCurrent levels are a record highRBZ says surge inspired by acquisition of forex for funding the IMB In the week ending 8 January 2021 Zimbabwe’s reserve money balances up by 9,6% against the prior week, to close...