Companies, parastatals default paying tax: Zimra boss

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...

By Staff reporter | Published: 10 October 2019


Local firms seek to partner UK companies

SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products...

By Staff reporter | Published: 10 October 2019


ZSE to maintain dual listing for local companies

DUAL listing remains the most viable option for local listed companies and the Zimbabwe Stock Exchange (ZSE) will not dump its plan to collaborate with other offshore bourses despite the 90-day morato...

By Staff reporter | Published: 12 July 2019


12 companies worth $1,8bn licensed for SEZs

Twelve private companies that have cumulative investment portfolios worth more than $1,8 billion have been licensed to operate ventures ranging from mining to beverage manufacturing in specially desig...

By Staff reporter | Published: 28 April 2019


Chiwenga warns for companies feeding the black market

VICE President Dr Constantino Chiwenga yesterday lashed out at corporates that are dipping their hands in underhand parallel market exchange dealings and equated such behaviour to "financial terrorism...

By Staff reporter | Published: 25 April 2019


Companies Bill presented

JUSTICE minister Ziyambi Ziyambi yesterday presented the second reading of the Companies and Other Business Entities Bill which, among other provisions, facilitates the electronic registration of busi...

By Staff reporter | Published: 31 January 2019


Zimbabwe companies to collapse in 30 days

MANY manufacturers could be forced to halt operations if government fails to arrest the crippling currency crisis within the next 10 days as most companies are left with less than a month's stock of r...

By Staff reporter | Published: 11 January 2019


Meikles companies to go under the hammer over debt

MEIKLES stands to lose its shareholding in several of its subsidiaries after a High Court dismissed its application challenging the attachment of its shares by the sheriff over a $1,5 million debt owe...

By Staff reporter | Published: 24 December 2018


Fuel companies call for 2-week forex cover

Fuel firms operating in the country have said Government should supply them with two-week worth of foreign currency cover to ensure there are no gaps that "exaggerate" the fuel shortages. Appearing be...

By Staff reporter | Published: 07 December 2018


Funding for ailing companies

GOVERNMENT is set to avail funding to support ailing companies in the 2019 national budget to be announced this week and firms should formulate strategic value chains for effective growth, a Cabinet M...

By Staff reporter | Published: 20 November 2018


Mnangagwa to monitor companies allocated forex by RBZ

GOVERNMENT has proposed the establishment of a Foreign Currency Utilisation Monitoring Mechanism to monitor companies that receive foreign currency from the central bank.Addressing a Press briefing af...

By Staff reporter | Published: 15 November 2018


Insurance Companies must provide quality service

Standards Association for Zimbabwe (SAZ)'s director-general, Eve Gadzikwa, yesterday urged companies in the insurance sector to maintain quality standards for the benefit of their customers.Speaking a...

By Staff reporter | Published: 24 July 2018


Companies comply with food fortification

Local companies have complied with the food fortification programme introduced last year to prevent micro-nutrient deficiency disorders among consumers, a government consultant has said.In an intervie...

By Staff reporter | Published: 12 July 2018


Mining companies exempted from paying wage increment

THIRTY mining companies have successfully applied to be exempted from paying the 2018 minimum wage increment amid viability concerns.The Chamber of Mines and the Associated Mineworkers' Union of Zimba...

By Staff reporter | Published: 06 July 2018


DPCZ lists companies with NPLs

THE Directors Protection Council of Zimbabwe (DPCZ) has completed the process of compiling the list of companies with Non-Performing Loans (NPLs) for absorption by the Zimbabwe Asset Management Compan...

By Staff reporter | Published: 24 June 2018


Mnangagwa vows to reopen closed companies

President Mnangagwa has said reopening closed companies and ensuring they contribute significantly to the economy is his Government's top priority.He has set a target to turn Zimbabwe into a middle-in...

By Staff reporter | Published: 07 June 2018


Vendors, high rentals drive companies out of CBD

THERE is a growing trend in Harare where an increasing number of companies is seeking to buy or rent property in residential areas on the periphery of the central business district (CBD), a property ...

By Staff reporter | Published: 04 June 2018


Zimra targets foreign companies evading tax

ZIMBABWE Revenue Authority (Zimra) commissioner-general, Faith Mazani has approached President Emmerson Mnangagwa and Finance and Economic Development minister Patrick Chinamasa for help to get foreig...

By Staff reporter | Published: 29 May 2018


Zimbabwe to expedite registering of companies

Zimbabwe will expedite the process of registering companies in line with the provisions of a new bill that seeks to improve the investment climate.In the past it used to take several months before a c...

By Staff reporter | Published: 18 May 2018


AfDB pledges US$50m loan for Zim companies

THE African Development Bank (AfDB) says it is ready to extend up to US$50 million in loans this year to Zimbabwe's private sector amid ongoing negotiations with the government to settle its US$600 mi...

By Staff reporter | Published: 18 May 2018


Kevin Wakeford to speak at Top Companies

TOP South African businessman and one of the region's foremost economic commentators, Kevin Wakeford, will be the guest of honour at this year's prestigious Top Companies Survey function to be held in...

By Staff reporter | Published: 17 May 2018


Zim companies clinch $500k deals at Zambia fair

ZIMBABWEAN companies clinched deals worth over $500 000 at the Agritech Expo held in Chisamba, Zambia recently, the country's trade promotion body, ZimTrade has said.Agritech is an international agric...

By Staff reporter | Published: 10 May 2018


Zim charms Swedish companies

Swedish companies are optimistic about investing in the country charmed by the Zimbabwe is open for business mantra.Last week, Industry, Commerce and Enterprise Development minister Mike Bimha, Financ...

By Staff reporter | Published: 23 April 2018


Mnangagwa invites Chinese companies to invest in Zim

President Emmerson Mnangagwa says there are vast investment opportunities in the infrastructure development sector in Zimbabwe for Chinese companies.Addressing senior company management of a Chinese c...

By Staff reporter | Published: 03 April 2018


Zimbabwe company bloodbath continues to bite

About 65 companies operating in Zimbabwe have gone insolvent in the past six months, with "a sharp increase" in the number of firms going under.This is amid a push by Harare's new rulers to attract in...

By Staff reporter | Published: 02 April 2018

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