BUSINESS NEWS

by Zivanai Dhewa

The informal sector and the Small to Medium Scale Enterprises should approach Bureau de change for their foreign currency exchange instead of black market with rates that contribute to high pricing of goods in retail shops. 

by Rungano Dzikira

Finance and Economic Development Minister Professor Mthuli Ncube has reviewed upwards the tax-free threshold from ZWL$2 000 to $5 000, with effect from August 2020, in an effort to increase workers disposable incomes amid rising inflation.

by Derick Tsimba

In the wake of an upward trend of new COVID-19 infections in the country, the Zimbabwe Tourism Authority (ZTA) is going to rigorously monitor compliance with the COVID-19 regulations in the Tourism Sector, the Harare Post can report.

by Derick Tsimba

A UK based leading source of analysis on international business and world affairs, The Economist Group through its Economic  Intelligence Unit (EIU) reporting on Zimbabwe 3^rd Quarter 2020, has said the country’s economy is on the rebound as its exchange rate will average Z$28: US$1 in the 3^rd Quarter of 2020.

by Christopher Makaza

Cotton farmers have welcomed the new payment system, where their money will be deposited into their bank accounts, allowing them to receive all their money at once compared to the previous Ecocash system which had a maximum of ZWL$20 000 per day.

by Tafanana Kwedu

Zimbabwe’s 2019 minerals output surpassed projected targets due to various measures put in place by government to revive the sector to its former glory, as official figures in Zimbabwe’s Annual Budget and Economic Review 2019 report revealed.

By Rungano Dzikira

Proactive Zimbabwean Government has received a US$1.5 million pay-out from African Risk Capacity Insurance Company Limited (ARC Ltd) to complement already existing safety nets that Government has structured to mitigate effects of drought and COVID 19 which has wrecked the country since March 2020.

By Patience Rashai

President Emmerson Mnangagwa has called upon provinces to utilise the recently launched Agriculture Recovery Plan model for agriculture and economic productivity.

By Zivanai Dhewa

Beitbridge Border Post was described as a very important Border Post that requires Government support.

By Derick Tsimba

The Ministry of Women Affairs, Community, Small and Medium Enterprises and Cooperative Development has developed a strategy to reopen registered and organized micro enterprises ensuring sustainability in the post COVID-19 period, the Harare Post can report.

By Derick Tsimba

Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has introduced a lower priced tariff band to improve the customer experience, Harare Post can report.

Patience Rashai

The Reserve Bank of Zimbabwe (RBZ) is appealing to members of the public to report social media users (WhatsApp) conducting illegal foreign currency deals/business, in a bid to arrest the runaway parallel foreign exchange market.