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ZimChem Refineries, Lancashire lifeline: Beitbridge-Chirundu Highway breathes life into industry

THE Government is set to inject funds into a defunct Kwekwe-based tar producer, ZimChem Refiners Pvt Ltd which will see the company producing tar that would be used for the

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Mushosho appointed Old Mutual rest of Africa CEO

Old Mutual Emerging Markets has appointed Jonas Mushosho as chief executive officer for its rest of Africa business. The appointment is with immediate effect. Old Mutual rest of Africa includes

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Econet, Zimra in $300m tax scam

TELECOMMUNICATIONS giant Econet Wireless and Zimbabwe Revenue Authority bosses allegedly connived to help the company evade taxes and externalise cash — a scandal involving US$300 million. The allegations are contained

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Legality of debt collectors challenged

The legality of debt collectors in Zimbabwe is now under the spotlight after a Harare woman approached the High Court seeking an order declaring their operations illegal. It is argued that

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No valid tax clearance certificate, no licence renewal: Stop issuing licences, Zimra orders councils

THE Zimbabwe Revenue Authority (Zimra) has ordered all local authorities to stop issuing or renewing trade and business licences to people who do not have valid tax clearance certificates. The

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Zimbabwe 2017 Budget highlights

Finance minister Patrick Chinamasa presented a US$4 billion budget yesterday and pledged to cut government expenditure further next year after a US$520 million overrun in 2016. Below are highlights:  US$4,1

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ILLICIT CASH DEALS: RBZ bans third party RTGS

THE Reserve Bank of Zimbabwe has with immediate effect banned Real Time Gross Settlement (RTGS) transfers by third parties as it moves to curb illicit cash dealings that are blamed

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We are almost closing, says Quest Motors

MUTARE: Local car assembler, Quest Motors, has warned that it may be forced to shut down as the Reserve Bank of Zimbabwe’s (RBZ) policies have made it impossible to pay

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Bond Notes Fail Confidence Test

The soon-to-be released bond notes have failed the confidence test with analysts warning the plan was anchored on a shaky foundation. The Reserve Bank of Zimbabwe (RBZ) will start campaigns

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Fastjet rejects local Visa/Mastercard

Low-cost carrier, fastjet Zimbabwe, has said it can no longer process online payments above $200 using the Zimbabwean Visa or MasterCard, citing the “current” financial cash crisis. In a post