Rumbidzayi Zinyuke Senior Business Reporter THE Zimbabwe Revenue Authority has completed the first phase of an upgrade on the Automated System for Customs Data (Asycuda) to avoid a recurrence of the disturbances which occurred in December last year when the internet-based customs data processing system went down, resulting in losses worth millions of dollars.
Kudzanai Gerede Business Correspondent Zimbabwe’s financial sector is undergoing a massive electronic payment infrastructure boom as the country strives to modernize its payment systems to ease pressure on demand for hard cash, Reserve Bank of Zimbabwe National Payment System first quarter report reveals.
Rumbidzayi Zinyuke Senior Reporter STATE-owned diamond mining firm, Zimbabwe Consolidated Diamond Company (ZCDC) has grown its balance sheet to almost $250 million on the back of an intensive investment drive that sought to build asset value and increase production capacity over the past two years.
Kudzanai Gerede Business Correspondent Government should balance revenue collection efforts and “open for business” opportunities to minimize substantial losses in potential revenue from multiple tax concessions negotiated by foreign investors in its bid to attract capital inflows, Zimbabwe Revenue Authority (ZIMRA) Commissioner General, Ms Faith Mazani has said.
Rumbidzayi Zinyuke Senior Business Reporter Zimbabwe and Mozambique have joined forces to expand the Dry Port in Mutare to facilitate efficient trade between the two Southern African countries through the port of Beira.
Obert Chifamba Associate Editor THE 2018 tobacco marketing season got underway on 21 March 2018. And the highest price fetched on the day was $4, 90 per kilogramme. Not bad for first deliveries.
Kudzanai Gerede Business Correspondent Mining firms will now operate in the country without being compelled to list on the local stock exchange as Government intends to repeal stringent business requirements in line with its open for business policy, Post business has learnt.
Liberty Dube and Rumbidzai Mashayahanya Business Correspondents THE recent blitz by the Zimbabwe Tourism Authority (ZTA) has affected at least 48 hospitality operators in Manicaland province who were running unregistered facilities.
Rumbidzayi Zinyuke Business Reporter GOVERNMENT says it is important to reward those who earn the country foreign currency by also paying them in foreign currency to ensure that they can continue to enhance production and improve their livelihoods. Speaking at the launch of the “Invest in Manicaland Province” magazine in Mutare on Tuesday, Special Advisor […]