Zimbabwean businesses accepting payment in foreign currency but paying taxes only in Zimbabwe dollars risk heavy fines, the Zimbabwe Revenue Authority (Zimra) says. Zimra and the Reserve Bank of Zimbabwe on Thursday issued a joint appeal for voluntary compliance with...
Seedco, the country’s largest seed producer, says it sold 56.5% more wheat seed in the three months to June than it did over the same period last year, as irrigation and power supply improved. In a trade update, Seedco said...
Sugar exports from Hippo Valley Estates, one of Zimbabwe’s largest producers, more than doubled in the last quarter, lifted by bigger shipments to Kenya. Hippo, 50.3% owned by Tongaat Hullet, says in a market update that it shipped 32 080...
President Emmerson Mnangagwa has made two Cabinet changes that throw contrasting light on his leadership. First, Mnangagwa fired Energy Minister Fortune Chasi, just as the Minister was out in the public fighting ZESA executive chairman Sydney Gata over claims of...
The Zimbabwe Stock Exchange (ZSE) opened lower as trade returned a month after the government shut down the market over allegations of undermining the currency. The ZSE’s all share index was down 4.49%, led by drops in key counters such...
Ariston grew more tea in the quarter to June than it did in the same period last year, but a global glut in supply hit export sales while local sales improved. Global demand for macadamia was however firm, allowing the...
South African money manager Allan Gray has slashed the valuations for Zimbabwean stocks in its African fund by 45% following economic turmoil that saw the government shut the country’s bourse last month. Zimbabwe’s official exchange rate and equity prices don’t...
In October 2018, the Zimbabwe government put up the ‘For Sale’ sign on mines owned by the Zimbabwe Mining Development Corporation (ZMDC). This was part of a privatisation drive targeting 35 state-owned firms. Within a month of inviting bids, there...
Government will wait for the conclusion of an investigation into the Zimbabwe Stock Exchange (ZSE) before allowing it to reopen, and this may take up to two weeks, Finance Minister Mthuli Ncube said Monday. The stock market halted trade on...
Trade on the Zimbabwe Stock Exchange (ZSE) has been halted for weeks, after government ordered a halt to investigate what it said are illegal activities undermining the currency. The ruling ZANU PF party has also recommended the delisting of...
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