BUSINESS NEWS

Mthuli Ncube tables ambitious revenue collection figures

TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year.Revenue collections for the first...

By Staff reporter | Published: 10 October 2019
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BUSINESS NEWS

Revenue collections surpass $5 billion

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shore up dep...

By Staff reporter | Published: 31 December 2018
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BUSINESS NEWS

Zimra starts forex tax collection

The Zimbabwe Revenue Authority (Zimra) has started collecting taxes, especially Value Added Tax (VAT) and Pay-As-You-Earn (PAYE) in foreign currency from companies that collect payments in that curren...

By Staff reporter | Published: 31 December 2018
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BUSINESS NEWS

Zimra to reform tax collection processes

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base.While collections have improved in the first ha...

By Staff reporter | Published: 07 September 2018
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BUSINESS NEWS

'Zinara collections not enough'

The cash-strapped government has said money collected by the Zimbabwe National Roads Administration (Zinara) was not enough to rehabilitate the bad road network across the country.This also comes afte...

By Staff reporter | Published: 23 May 2018
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BUSINESS NEWS

Zimra surpasses 2017 tax collection target

The Zimbabwe Revenue Authority (Zimra) said it exceeded its 2017 gross annual revenue targets by 17% on the back of robust strategies that were implemented to enhance revenue collection. Zimra's gross...

By Staff reporter | Published: 08 January 2018
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BUSINESS NEWS

Zimra surpasses Sept collections

The Zimbabwe Revenue Authority (Zimra) surpassed its revenue target by 14,34% in September, with net collections of $373,23 million on the back of tax compliance. The net collections target was $326,4...

By Staff reporter | Published: 06 October 2017
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FINANCIAL SERVICES

FML to tighten screws on premiums collection

First Mutual Holdings will tighten the screws on premiums collection and enhance service provision as part of concerted efforts to maintain growth.Chief executive Mr Douglas Hoto said after the group'...

By Business Reporter | Published: 06 June 2014
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LANDS & AGRICULTURE

Zimplow faces debt collection challenges

Zimplow Holdings Limited Group Chief Executive Officer, Zondi Kumwenda, told an analyst briefing yesterday that Zimplow is experiencing hardships in debt collection and the bulk of their debtors are s...

By Business reporter | Published: 05 September 2013
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TELECOMS & TECHNOLOGY

TelOne debt collection blitz targets to recover $50 million

TelOne, the country's fixed line operator is aiming to recover $50 million by year end through a debt collection campaign that started early this week.The company's chief executive Mrs Chipo Mtasa sai...

By Business reporter | Published: 22 August 2013
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BUSINESS NEWS

Zimra exceed target collections by 5%

The Zimbabwe Revenue Authority (ZIMRA) exceeded target collections for the first quarter of this year by 5 percent to reach US$818, 6 million, an official said yesterday. In a statement, ZIMRA boar...

By Staff reporter | Published: 10 June 2013
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MINING & RETAIL

Truworths improves net bad debt collection system

Truworths is projecting single digit growth in sales this year while collection of receivables has improved vastly after the company beefed up the debt collection team, group CEO Themba Ndebele to...

By Business reporter | Published: 10 June 2013
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