Business

BAT Zimbabwe in $4.6m profit, declares dividend

July 26, 2017 admin 0

HARARE – Cigarette manufacturer, British American Tobacco Zimbabwe (BAT Zim) on Wednesday announced a 27 percent jump in after tax profit to $4,6 million for the half-year ended June, 2017. The jump in profit, despite a […]

Business

‘150% duty for second-hand vehicles’

July 26, 2017 admin 0

SPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan’s largest warehouse of used cars. BY TATIRA ZWINOIRA […]

Business

Tongaat to export more sugar

July 25, 2017 admin 0

Government has allowed Zimbabwe Sugar Sales to export more sugar, amid a projected rise in sugar output this milling season. With Tongaat Hullet Zimbabwe’s mills having a combined crushing capacity of 640 000 tonnes of […]

Business

Taxation of churches and religious organisations

July 24, 2017 admin 0

There are situations where churches and religious organisations are required to pay tax. The taxes and the specific obligations are briefly explained below. Income Tax on business profits This tax is payable on business profits, […]

Business

Hardware firm Fabco seeks new investors

July 24, 2017 admin 0

Hardware company, Fabco Private Limited, is seeking new investors to turnaround the company after creditors voted to put it under final judicial management. Fabco was placed under provisional judicial management in January 25, 2017 with […]

Business

Mining sector to grow 5,1pc: Chinamasa

July 23, 2017 admin 0

HARARE – The mining sector is seen growing 5,1 percent this year buoyed by positive performance from the gold, platinum, chrome, coal and nickel sectors, Finance minister Patrick Chinamasa said. Chinamasa on Thursday said the sector […]