Business

Duty On Flour, Maize Meal Suspended

Customs duty on imported wheat flour and maize meal has been suspended for six months from 22 May to 21 November in terms of regulations gazetted yesterday by Minister of Finance and Economic Development Prof Mthuli Ncube. Statutory Instrument 219, giving the details of the three tariff items, suspended duty …

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Spare a Moment for the Tobacco Farmer

OPINION By Obert Chifamba The most recent statistics from the Tobacco Industry and Marketing Board (TIMB) indicate that farmers had sold 28,2 million kilogrammes of the golden leaf with a value of US$64,4 million by the end of last week. This marks a colossal jump from the US$18,6 million generated …

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Kombis, Taxis Continue to Defy Restrictions

Desperate commuters are resorting to illegal kombis, pirate taxis and private vehicles as Zupco is finding it difficult to provide enough buses. Rather than wait to get home, especially for those connecting, commuters end up using unauthorised transport, while touts at illegal pick-up points have re-emerged. Some kombis and pirate …

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Gold Dealer Loses U.S.$20 000

Four armed robbers recently raided a suspected gold dealer in Mutare and stole US$20 000, HP laptop and various cellphones at gunpoint at his home . The four suspects Mhike Musiiwa (35), Nunurai Samakande (27), Gabriel Mukambachaza (38) and Zacharia Mlambo (43) have since been arrested in connection with the …

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Zimbabwe Reflects On African Gains

Zimbabwe yesterday joined the rest of Africa in celebrating the 57th Africa Day anniversary with several organisations sending solidarity messages to mark the formation of the Organisation of African Unity (OAU), now the African Union (AU). This year’s commemorations are being held under the Theme: “Silencing the Guns in the …

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Contract Farming Can Transform Agro-Business

EDITORIAL Tobacco is not just Zimbabwe’s largest single agricultural export and the main cash crop of tens of thousands of Zimbabwean farming families, it is also the best organised agro-industry, has developed systems that allow both farmers and buyers to flourish, conducts its own research, arbitrates its own disputes and, …

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Fidelity Struggles to Pay Miners

Fidelity Printers and Refiners has reportedly been failing to pay small scale gold miners on time as Covid-19 restrictions have limited flights into the country, thereby affecting smooth importation of hard currency cash needed to pay the clients. Covid-19, a viral disease first detected in Wuhan, China, has killed hundreds …

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Gold Miners Get 100pc USD

By Ishemunyoro Chingwere State gold buying entity, Fidelity Printers and Refineries (FPR), has finally yielded to pressure from gold miners and will with immediate effect settle payments 100 percent in US Dollars. FPR had all along been paying 55 percent in USD with the remainder being settled in local currency …

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