Search results for 'Taxation'
Companies
Proplastics Cuts Costs with Internal Funding

ively leveraged internally generated foreign currency to address its foreign obligations, streamline internal operations, and reduce its gearing ratio. Despite the persistently unreliable foreign curr

Mar 26, 2024
Zimbabwe
Zimbabwe’s Biggest Corporate Suffers Earnings Dip: Profit Falls Sharply

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), has reported a significant decline in earnings for the financial year ended 30 June 2023 attributed to a confluence of factors, inclu

Aug 21, 2024
World
Bikita Minerals Scales Back Operations: Wake-Up Call for Government to Rethink Lithium Policies

Bikita Minerals has made the strategic decision to reduce its contractor base as it scales back output in response to challenging lithium market conditions. The DMS plant is set to be shut down in Oct

Oct 08, 2024
Companies
Innscor Starts FY25 on Firmer Note, but VAT Changes Weigh on Industry

Largest foods processor, Innscor Africa Limited has posted a solid Q1 performance for the period to 30 September 2024. This performance which saw over 90% of its units on the upward trend, sustain gro

Nov 19, 2024
Companies
Delta Corporation Pays $31 Million in Sugar Taxes, Implements Strategic Mitigation Measures

Delta Corporation, Zimbabwe's largest beverages maker, has paid US$31.2 million in sugar taxes during the period from February 2024 to December 2024, which has had a ripple effect on the market. The

Jan 23, 2025
Zimbabwe
No POS Machine, No Licence, No Bank Account, No Licence: RBZ Commands

he Reserve Bank of Zimbabwe (RBZ) has introduced a transformative policy aimed at formalizing the informal trading sector and promoting digital transactions. Effective immediately, local authorities

Feb 07, 2025
Zimbabwe
Zimbabwe , Switzerland Signs Landmark Treaty to Eliminate Double Taxation

Zimbabwe and the Swiss Federation have signed a treaty to avoid double taxation concerning income and capital gains. This agreement aims to enhance transparency and cooperation in tax matters among p

Mar 20, 2025

Top Stories

Zimbabwe's Trade Balance Plunges into Red After Maize Ban Lift, Gold Export Slump

Zimbabwe’s trade balance slipped back into deficit in September 2025, recording a shortfall of US$30.8 million after a modest surplus of US$6.9 million in August, a 548.8% swing from black to red. T

1 hour ago

Zimbabwe Starts the Exports of Silver

Zimbabwe has started the export of silver for the first time in 2025, after only registering three episodes of such in 2024.   The country’s first time to export silver was in February 2024 worth US$

3 hours ago

Zimbabwe Records 46% Surge in Irrigated Land to 221k Hectares

Zimbabwe has recorded a 46% increase in irrigated land from 151,000 hectares in 2019 to 221,000 hectares in 2025 in a landmark stride toward climate resilience and national food security according to

8 hours ago

Zimbabwe’s 2025 SONA Vision: From Rhetoric to Reality in a Resilient Economy

On October 28, 2025, President Emmerson Mnangagwa delivered his State of the Nation Address (SONA) to a joint sitting of Parliament in Mt Hampden, Zimbabwe, projecting cautious optimism amid a complex

Oct 29, 2025

ZiG Sustains Momentum: Gold Rally, IMF Optimism Fuel Resilience

The Zimbabwe Gold (ZiG) currency is exhibiting a modest resilience this week in the formal market, appreciating by 0.04% against the US dollar last week. This slight gain aligns with broader stabilisa

Oct 29, 2025

U.S-China Deal Shakes Gold: Golden Correction or New Dawn?

Gold’s 2025 journey has been a rollercoaster, soaring to unprecedented heights before a dramatic plunge that has left investors questioning its next move. As of October 28, 2025, spot gold prices edge

Oct 29, 2025

Government Approves Private Players in Electricity Retail and Distribution

The Zimbabwe Energy Regulatory Authority (ZERA) and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) are working on modalities to allow private companies to sell and distribute e

Oct 28, 2025

The IMF’s Rosy Projections for Zimbabwe: A Facade of Stability?

he International Monetary Fund’s (IMF) latest economic projections for Zimbabwe, as outlined in its October 2025 Regional Economic Outlook for Sub-Saharan Africa, paint an ostensibly bright picture fo

Oct 28, 2025