BUSINESS NEWS

ZESA increases electricity tariffs with immediate effective. The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has increased electricity tariffs with effect from 1 March 2023. In a notice seen by …

ZACC arrests NSSA acting CEO Charles Shava. Shava allegedly altered a board resolution that had rejected the proposed allowances for four NSSA doctors. The Zimbabwe Anti-Corruption Commission (ZACC) on Thursday …

After going negative earlier in the day, the biggest cryptocurrency by market value increased by as high as 3,2 percent to US$22 323 during New York trade. Since a number …

Capital gains tax (CGT) is a tax assessed on the capital gain resulting from the sale of a particular asset, as per the Capital Gains Tax Act (Chapter 23:01), as …

Twitter chief executive officer Elon Musk said he aims to find his successor at the helm of the social-media company toward the end of this year. Musk, speaking via a …

After an industry estimate indicated a significant gain in US stockpiles and investors evaluated the future for US monetary policy in light of data showing still-high inflation, the price of …

Yesterday, Professor Mthuli Ncube, Minister of Finance and Economic Development, unveiled a $10 million gold fund for small-scale and artisanal miners, with half going toward loans and the other half …

The Minister of Mines and Mining Development, Hon. Winston Chitando, dazzled the investors at the Investing in Africa Mining Indaba with his presentation of the numerous opportunities existing in Zimbabwe’s …

Speaking at the 2018 Investing in Africa Mining Indaba, Chitando estimated that Zimbabwe’s extractive industry will generate US$5.4 billion in total revenue in 2022, a 100% increase over the sector’s …

Power challenges will be dramatically ameliorated as Government is working on the “best and most” reliable power supply, President Mnangagwa said yesterday. With the imminent commissioning of Unit 7 at …