Poverty datum line up
Poverty Datum Line (PDL) for an average family of five shot up to $1 617 for the month of July signifying an increase of 80 percent from the month of… Read more »
Category: Zimbabwe
Tax-free threshold now $3 500
GOVERNMENT has widened the tax-free threshold to $3 500 with effect from August 1, to improve disposable incomes in the face of price increases. This comes as the highest rate… Read more »
Diamond auction attracts 25 firms
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says the country’s third diamond auction for this year which closed last week has attracted 25 companies from around the world. The 316… Read more »
2% tax on electronic money transfers still in force
High Court Judge, Justice Happias Zhou, yesterday scrapped Statutory Instrument (SI) 205 of 2018, which enabled Government to levy 2 percent tax on electronic money transactions above Z$10. The two… Read more »
Zim, China investors hold crucial indaba
GOVERNMENT yesterday held a crucial meeting with Chinese Embassy officials and Chinese investors to seek ways of enhancing cooperation between the two countries. The meeting is expected to be a… Read more »
Zim, Belarus sign US$350m deals
Zimbabwe and Belarus yesterday signed deals worth US$350 million as they stepped up efforts to enhance economic cooperation. President Mnangagwa witnessed the signing ceremony in Harare. Two out of six… Read more »
Inflation slows again
The month-on-month inflation rate for August 2019 slowed to 18,07 percent after shedding 2,97 percentage points on July’s 21,04 percent. According to the Zimbabwe National Statistics Agency, (Zimstats) this means… Read more »
‘Research key to Mat South economic growth’
AUTHORITIES in Matabeleland South should conduct thorough research to inform a sound economic blue-print that will lure investors to the province in line with Government’s devolution model, Bulawayo-based economist, Mr… Read more »
‘Zim loses US$98 billion due to sanctions’
Foreign Affairs and International Trade Minister, Dr Sibusiso Moyo, yesterday presented a paper to Cabinet, indicating Zimbabwe lost about US$98 billion due to the illegal sanctions imposed on the country… Read more »
Harare water cost up 900%, forex rates loom
Harare City Council has torched a storm following its proposal to increase water charges by at least 900 percent, while some ratepayers will now be charged in foreign currency. Water… Read more »