A Summary: The story of Econet’s tax issue, ZIMRA, and the whistleblower
A local weekly paper, The Financial Gazette, headlined today with “Econet In A Fix As Tax Dragnet Closes In” and went on to explain an tax issue where Econet is said to have been paying less duty on...
View ArticleMTN Interim results latest reflection of how tough African telecoms space is
MTN Group, the largest telecoms entity in Africa published its interim results for the period ended June 2015. The figures released, which missed analysts expectations, showed a 4.9% % decline in...
View ArticleBleak outlook for Econet as profits, revenue expected to decline in 2016
Local stockbrokers, Lynton Edwards have projected a 21.3% drop in revenue for the period ending February 2016 along with a 49% reduction in net profit. According to these measures, Econet's revenue...
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Ministry of Finance proposes a suspension of duty on POS machines
Zimbabwe's Ministry of Finance and Economic Development has proposed to suspend the customs duty on Point of Sale (POS) machines as part of measures that will encourage the use of electronic payments....
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Import Duty On Motor Vehicles And Specified Goods To Be Paid In Forex
One of the shockers from the latest budget presented before Parliament today by the Minister of Finance is that duty on imported cars and specified goods will now have to be paid for in foreign...
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