THE government could borrow as much as US$100 million this year through bonds on the Victoria Falls Stock Exchange (VFEX) to supplement its budget, Finance minister Mthuli Ncube has said.Advertisements
finance
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Top Stories
US$ compensation for 2009 insurance losses
by Farai Mabeza, Senior Staff Writer 0 minutes readTHE Insurance and Pensions Commission (Ipec) says compensation for losses suffered by policyholders during the 2009 currency conversions should be made in US$.Advertisements
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National Report
Zimra targets revenue collection growth
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readZIMBABWE Revenue Authority (Zimra) anticipates real revenue growth to exceed 10 percent in the second half of the year, supported by growth in the manufacturing and mining sectors.Advertisements
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Top Stories
Mid-term statement fails to lift optimism
by Paul Nyakazeya, Group Digital Editor 0 minutes readALTHOUGH business is happier with Finance minister Mthuli Ncube’s “more realistic economic targets” that he announced in his mid-term budget statement last week, it wants authorities to do more to …
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MEIKLES says the anticipated upside potential of its 2012 merger with Mentor Africa Proprietary has not been realised.Advertisements
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Top Stories
Treasury gets tough on tax defaulters
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readTAX defaulting firms now risk temporary closure as the government plans stiffer penalties in a bid to enforce compliance.Advertisements
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Companies & Markets
First Capital expands corresponding ties
by Emmerson Njanjamangezi, Group Features Editor 0 minutes readFIRST Capital Bank says it has started to expand its regional and international corresponding banking relationships in a bid to avert a single supplier risk, as it angles to reap …
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FARMERS say they are yet to receive the promised US$60 million revolving facility from the government in a development which has affected tobacco production in the country.Advertisements
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THE Zimbabwe Stock Exchange’s losing streak stretched to three months in July, the longest since 2016, when bond notes were introduced.Advertisements
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National Report
Edgars streamlining continues
by Paul Nyakazeya, Group Digital Editor 0 minutes readEDGARS Stores Zimbabwe (Edgars) says it will continue to align its business to opportunities that arise to increase the clothing retailer’s revenue and strengthen its operations.Advertisements