Business

Calls for dialogue between CZR, GovtBlasts decision to backdate VAT collection By Joseph Murambiwa Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has criticised a decision by the Zimbabwe Revenue Authority (Zimra) to collect VAT (value added tax) – currently charged at 14.5 percent – on rice imports.The tax affects …

Parastatals have been a huge let down when it comes to managing their affairs.Most of them always have their hands stretched out for a Government bailout, only to run huge losses the following financial year.It is no secret that there is gross mismanagement.Even with a huge capital injection, there is …

During the 2016-17 agricultural season, the Government of Zimbabwe sunk over US$2 billion in a scheme known as command agriculture.In fact, actual figures have never really been ascertained as it involves a twisty paper trail with several players across a number of ministries and Government departments. Some estimates put the …

4 million people gamble in Zim‘Gambling just like drugs, alcohol’Man loses wife, kids, home By Kundai Marunya Gambling is causing untold suffering in the country, with some of the results being broken marriages, theft and increased poverty.Dr Edmos Mtetwa, a lecturer at the School of Social Work in Harare, sees …

‘Normalising the abnormal’Bank notes scarcity headacheNo change for USD transactionsTransactional challenges scare away tourists By Kundai Marunya Zimbabwe’s ambitious roadmap to grow the tourism sector to a US$6 billion industry by 2023 could be derailed by the chaotic payment systems, transactional challenges and currency confusion.The envisaged post-Covid-19 60 percent capacity …

Zimbabwe’s national carrier, Air Zimbabwe, has been dealt a major blow after the Supreme Court of Zimbabwe threw out its application to have a Labour Court decision to pay or reinstate retrenched workers reversed, Nhau can reveal.The appeal was against confirmatory proceedings conducted by the Labour Court on September 8, …

Nhau Correspondent A miserable Christmas beckons for millions of Zimbabweans, one of the worst the country has experienced in years, as the economy continues to fail under the heavy weight of Covid-19 and an austerity-driven economic reform agenda.It is 17 days to go to Christmas Day, a holiday widely celebrated …

By Kundai Marunya It takes less than 20 minutes for a car to be stripped of catalytic converters, a simple mechanic operation that leaves devastating effects on both the environment and human health.A catalytic converter is a vehicle emissions control device that is used to reduce toxic gases and pollutants …

Econet Wireless founder Strive Masiyiwa has been named among Bloomberg’s 50 most influential people of the year for his support to Zimbabwe’s healthcare.The Bloomberg 50 lists the year’s most influential leaders globally, individuals with “the ability to move markets or shape ideas and policies”.Masiyiwa is among a diverse list of …

Sungura king forced to change tactReleases 1st single in 22 yearsHopes lockdown will be liftedCovid-19 grounds showbiz to a halt By Zion DivarisSungura king Alick Macheso yesterday told Nhau that he hopes the coronavirus-induced lockdown will soon be lifted so that he can launch a full album for his fans. …