Zimbabwe’s tax collector the Zimbabwe Revenue Authority (ZIMRA) says it will start collecting taxes from small to medium enterprises this year to widen the shrinking revenue base, an official said today.
Mines Minister Walter Chidhakwa has maintained that the 51-49 percent indigenisation requirement, with locals owning the majority stake, will apply in the mining sector but there will be flexibility in the implementation time frame.
Delta’s 10 percent drop in revenue for the third quarter to December was the only decline among SABMiller’s Africa subsidiaries, reflecting the continued economic challenges facing Zimbabwe, the group announced last week.
The Bankers Association of Zimbabwe (BAZ) has pleaded with debt burdened ailing firms to engage their financiers to find means of bailing them out instead of rushing to file for judicial management at the High Court to escape the wrath of creditors.
Knives are out for former Zimbabwe African National Union-Patriotic Front Secretary for Administration Didymus Mutasa.
Former Zimbabwe African National Union-Patriotic Front spokesman Rugare Gumbo says former Vice-President Joice Mujuru and her colleagues who were sidelined at the party congress in December are not planning to form a new party because they belong to ZANU-0PF and cannot be forced out by people that joined the party after the liberation struggle.