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Government introduces afforestation levy for tobacco farmers

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Posted by admin 5 days ago (http://source.co.zw)
HARARE, February 26 (The Source) – The tobacco farmers will this year pay 1.5 percent of their earnings to industry efforts to curb deforestation, an official has said. Afforestation has become a major issue in tobacco as coal and electricity and the associated infrastructure are beyond the reach of most smallholder tobacco farmers who rely […]

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Quest Motors to expand range of locally assembled Chinese vehicle brands

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Posted by admin 4 days ago (http://source.co.zw)
MUTARE, February 27 (The Source) – Quest Motors will start assembling several Chinese vehicle models during the course of the year to increase capacity at its Mutare assembling plant, company director Tarik Adam has said. Quest already assembles and holds franchises for various Chinese models, including Chery Tiggo, JMC and Foton. It also holds the […]

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Art revenue up 8pct in four months, but forecasts H1 loss

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Posted by admin 4 days ago (http://source.co.zw)
HARARE, February 27 (The Source)  Amalgamated Regional Trading (Art) Corporation has reported an eight percent increase in revenue to $11,4 million in the four months to January and projects full-year turnover of $31 million on improved capacity utilisation and higher volumes. In a trading update at the firm’s annual general meeting on Friday, Art chief executive […]

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Revenue collections 14pct behind target, tourism levy to stay – Zimra

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Posted by admin 4 days ago (http://source.co.zw)
HARARE, February 27 (The Source) – Zimbabwe’s tax agency says most revenue heads are underperforming, with collections for the year to date falling 14 percent short of the $542 million target. Last year, net collections amounted to $3,6 billion against a target of $3,82 billion. For 2015, the tax collector has since set a revenue […]

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Telecel shareholders agree to resolve shareholding dispute, engage govt

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Posted by admin 4 days ago (http://source.co.zw)
HARARE, February 27 (The Source) – Shareholders of the country’s third biggest mobile operator, Telecel, on Friday said they are ready to resolve the shareholding dispute involving Empowerment Corporation (EC) and have engaged various ministries to end the squabbles. Telecel has been caught up in a protracted dispute involving various EC shareholders who, through the […]

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Securities regulator challenges Meikles over investments, questions corporate governance

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Posted by admin 4 days ago (http://source.co.zw)
By Chipo Musoko, HARARE, February 27 (The Source) – The Zimbabwe Securities and Exchange Commission of Zimbabwe (SECZ) on Friday asked Meikles Limited to come clean on its foreign investments, corporate governance issues and failure to disclose the actual amount it is owed by the central bank. The move comes after the Zimbabwe Stock Exchange […]

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Zimbabwe ICT Policy, cyber-crime bill are nowhere in sight

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Posted by admin 4 days ago (http://www.financialgazette.co.zw)
By Nigel Gambanga It’s been 9 years since the Zimbabwean government made a pledge to come up with legislation to curb cyber crime. Of course, there’s no point in holding on to political pledges really. It’s just that it helps give a clear indication of how long we’ve been kicking an issue around. Now that ...

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Is the DSTV annual price increase about to be announced in Zimbabwe?

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Posted by admin 4 days ago (http://www.financialgazette.co.zw)
By L.S.M Kabweza Last year, DSTV South Africa announced it’s annual increase in prices to be effected on 1 April, we confirmed that Zimbabwe would follow suit. And they did. South Africa has once again announced an increase. So it goes without saying that chances are high we’ll likely have an increase too north of ...

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