Home / Business (page 13)

Business

Gold prices rise

Gold prices rose yesterday and were hovering close to their highest in more than a week touched in the previous session as the dollar eased on weak US economic data, with the metal gaining further support from higher oil prices. Spot gold was up 0,3 percent at $1,300.47 per ounce, …

Read More »

‘Motor industry revival tops Govt priorities’

Africa Moyo Senior Business Reporter GOVERNMENT is determined to revive the motor industry, which is seen as strategic in economic turnaround given its invaluable impact in job creation, value addition and contribution to Gross Domestic Product (GDP). This was said yesterday by Major General Godfrey Chanakira (retired), who is the …

Read More »

CTC engages Govt over VAT on imports

Kudakwashe Mhundwa The Competition and Tariff Commission has made submissions to Government for the removal of a 15 percent value added tax (VAT) payments on canola and sunflower imports. This comes as the ministry of Industry and Commerce last approach the commission to assess requests made by Pure Oil Industries …

Read More »

Cabinet okays TelOne debt takeover

Tawanda Musarurwa Senior Business Reporter Government will soon complete the assumption of fixed telecommunications provider TelOne’s US$383 million legacy loans after Cabinet gave its thumbs-up. TelOne managing director Chipo Mtasa said her organisation is currently in negotiations with the relevant authorities over the modalities of the takeover. “We have been …

Read More »

ZCDC Granted Permission to Establish Special Economic Zone

The Zimbabwe Consolidated Diamond Company (ZCDC) has been granted permission by government to spearhead the establishment of a Special Economic Zone (SEZs) in Mutare in a development that will see the mining giant undertaking major construction projects to expand its operations. ZCDC confirmed the latest development, which was issued under …

Read More »

Forex Duty On Vehicles to Stay – Mthuli

Vehicle importers will continue to pay duty in foreign currency despite the introduction of the interbank foreign currency market, as Government seeks to promote policy consistency. This was said by Finance and Economic Development Minister Professor Mthuli Ncube in an exclusive interview with The Herald Business last week. Prof Ncube’s …

Read More »

Govt Urged to Enforce Speed Limits

The Passenger Association of Zimbabwe (PAZ) yesterday called on the Government to strictly enforce Statutory Instrument 129 of 2015 on all passenger public vehicle operators ahead of Independence and Easter holidays to reduce road traffic accidents. Statutory Instrument 129 of 2015 (64) (2) states that; “No person shall drive on …

Read More »

Telecom firms bemoan high service costs

Zimbabwean telecommunication companies say the costs of delivering services are still excessively high despite a recent tariff hike which saw data and voice charges go up by as much as 150%. TelOne managing director Chipo Mtasa told Parliament’s Information Communication Technology Portfolio Committee that the cost of providing an average …

Read More »

Zim’s agric sector losing US$126 million yearly

BY TATIRA ZWINOIRA ZIMBABWE’S agricultural sector loses US$126 million per annum due to production risks largely associated with drought and other weather-related events, a World Bank report has revealed. Agriculture plays a key role in the southern African nation, contributing 11% to the total gross domestic product (GDP) and is …

Read More »

Price hikes cause plunge in retail volumes

The recent spate of price increases has seen a decline in disposable incomes and a drastic plunge in retail volumes, an industry official has said. Confederation of Zimbabwe Retailers president Denford Mutashu told NewsDay that retailers were now feeling the heat of inflationary pressures. According to a Consumer Council of …

Read More »
error: Content is protected !!