Search results for 'Government Policy'
Companies
Production Woes Plague Zimbabwe Sugar Giant, Recovery Inevitable

Hippo Valley Estates Limited, a prominent player in Zimbabwe's sugar industry, has reported a sluggish financial performance for the fiscal year under review. The company, a subsidiary of Tongaat Hule

Jul 04, 2024
Zimbabwe
Zim's Licensing Burden: Over 25 Licenses, Permits Required to Operate One Supermarket

Operating a single supermarket in Zimbabwe requires over 25 licenses and permits, making it challenging for businesses to operate. This is despite the mantra, Zimbabwe is open for business. These li

Sep 24, 2024
Companies
Gvt Policies Take a Bite, Nat Foods Bites Back: Profit Surges 82%

Rising power costs and non-claimable VAT have eroded National Foods' financial gains, highlighting the devastating impact of policy inaction on businesses and low-income households. The company vows t

Sep 27, 2024
Zimbabwe
Zimbabwe's 2024/25 Cropping Season: Targets, Preparatory Measures

The 2024/2025 agricultural season has commenced, albeit at a measured pace in line with expectations. Zimbabwe is targeting a production goal of 3.3 million metric tonnes for cereals and 819,500 metri

Nov 18, 2024
Zimbabwe
Sugar Tax Cut, Over 2 Million Unaccounted For: Will Fast Food Tax Suffer Same Fate?

Reduction of Sugar Tax: Has cut the sugar tax from 0.001% to 0.0005% per gram Revenue Allocation Concerns: Despite generating significant revenue from the sugar tax, no cancer treatment equipment has

Dec 02, 2024
Zimbabwe
Government Seeks Bigger Slice of Mining Pie: Is the 26% Proposed Stake Feasible?

Last week, in an interview with global media outlet Bloomberg, the government hinted at plans to introduce a 26% shareholding in all future mining projects and also negotiate with the already settled

Dec 16, 2024

Top Stories

WHO Loses Largest Donor: US Withdrawal Sparks Concern

United States’ 47th President, Donald Trump has pulled out from the World Health Organization (WHO), citing systemic inefficiencies in managing global health crises. Trump has articulated concerns r

1 hour ago

TIMB Renews Tobacco License Application Deadlines

The Tobacco Industry and Marketing Board (TIMB) has announced new deadlines for license applications for both contractors buying and ‘A’ class buying licences. The dates have been moved to 31 March 2

2 hours ago

Government’s ZiG Policies Half Baked-CZI

The Confederation of Zimbabwe Industries (CZI) has expressed concerns regarding the insufficiency of governmental initiatives aimed at stabilizing the local currency. In its recent report, "Inflation

23 hours ago

Unifreight Africa Engages in Strategic Transaction Talks

Unifreight Africa Limited is presently engaged in negotiations pertaining to a strategic transaction that has the potential to materially impact the Company's financial position and share price.  How

1 day ago

Global Inflation Projections Diminish: IMF Revises Economic Growth Upwards, Sees Global Rates Falling in 2025

The International Monetary Fund (IMF) has revised its global economic growth forecast upward to 3.3% for 2025, driven primarily by an upward revision in the US economy, which offset downgrades in othe

1 day ago

Formalizing the Fringes: Can National Venture Capital Company of Zimbabwe Unlock Informal Sector Growth?

The Ministry of Finance in Zimbabwe has unveiled the National Venture Capital Company of Zimbabwe (NVCCZ), an ambitious initiative aimed at catalysing economic expansion through the provision of equit

Jan 17, 2025

‘Gold-Backed’ ZiG Falters: Accumulates 48% Loss Since Launch

The Zimbabwe Gold (ZiG) currency has exhibited a contrarian performance, depreciating to 26.2614 against the US dollar on January 17, 2024, thereby reversing the gains accrued in the preceding week.

Jan 17, 2025

Old Mutual’s Top 10 ETFs Delist from ZSE

Old Mutual’s Top Ten Exchange Traded Funds (OM TT ETF) will be delisted from the Zimbabwe Stock Exchange (ZSE) effective 17 January 2025 after unit holders applied for a voluntary termination due to t

Jan 16, 2025