CZR Criticises Proposed VAT on Basic Commodities
DT Correspondent Harare : Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has expressed concern over Finance Minister Mthuli Ncube’s proposal to introduce Value Added Tax (VAT) on various basic commodities. CZR warns that implementing such a policy would have disastrous consequences for the country’s poor, exacerbating food insecurity and leading to further informalisation of […]
Mthuli’s Budget Proposal Sparks Public Backlash
Perspectives with Godfrey Mavunduse The recent budget proposal presented by Finance Minister Professor Mthuli Ncube has ignited a wave of negative reactions from the public. While budgets are often met with mixed responses, this year’s proposal seems to have struck a particularly discordant chord among Zimbabweans. Let’s examine some of the key points that have […]
RioZim Reports 13 Percent Increase in Q3 Gold Output to 307kg
DT Correspondent Zimbabwe Stock Exchange (ZSE) listed miner, RioZim Limited, has announced a significant boost in gold production for the third quarter of 2023. The company’s gold output rose by 13 percent to 307kg compared to 272kg achieved during the same period last year. The increase in production has been attributed to improved power supply, […]
Business Brilliance Unleashed: The Venon Chamba Business Seminar Empowers Executives
DT Correspondent Harare – A highly anticipated business seminar held at Batanai Gardens on Friday saw renowned business leader Dr Nigel Chanakira deliver a wealth of knowledge and insights to an over-subscribed audience. The event, known as the Venon Chamba Business Seminar, proved to be a gathering of eager business executives seeking valuable advice on […]
Central Bank Annuls Avis Bank Licence
DT Correspondent HARARE: The Central Bank – Reserve Bank of Zimbabwe has cancelled the operating licence of Avis Bank Limited due to failure to commence banking business. In a notice on Tuesday, RBZ said the financial institution has failed to meet licensing conditions. “It is hereby notified, in terms of section 15 of the Banking […]
Private Sector partners Govt to Strengthen Climate-Proof Agric
DT Correspondent In a significant effort to enhance climate-smart agriculture, private players have joined forces with the Government to scale up a design model aimed at combating droughts, economic instability, and the adverse effects of climate change. To tackle these pressing challenges and promote resilience-building initiatives, the Food, Agriculture, and Natural Resources Analysis Network (FANRPAN), […]
Cresta Jameson Completes US$3 Million Refurbishment Project
DT Correspondent Harare: – Southern Africa’s leading hospitality group – Cresta Hotels has revealed that it has spent more than US$3 million on the refurbishment of one of its oldest and most iconic hotels, Cresta Jameson in Harare. In an exclusive interview with Digital Telegraph this Wednesday, the company’s managing director Chipo Mandela said they […]
Willdale Commences Talks to Dispose Idle Assets
The transaction, if successful, could have a material effect on the business and the share price.
Seasoned Banker Chikwanha Leaves NMB Board
DT Correspondent Harare: – Seasoned banker Benedict Chikwanha will retire as the chairman of NMBZ Holdings Limited with effect from the end of next month after having served 10 years on the board. Chikwanha, who has served as NMBZ chairman for the past nine years, will be succeeded by ex-Delta chief executive officer Pearson Gowero, […]
Breakthrough in Lychee Exports: Manicaland Farmers Secure Deal to Tap into New Markets
“New markets unlocked, a deal has been brokered to export lychees from Manicaland, with consignments set to leave in the coming weeks” DT Correspondent In a significant development for the agricultural sector, a major deal has been successfully brokered to export lychees from Manicaland. Shipment of some of the consignments is expected to start next […]