The unsettling stability of the FX market
The foreign currency auction market has held up so far. At its best, the Zimbabwe dollar has strengthened against the US$ on more than one occasion in the last two … Read More
Category: Finance
Banks at receiving end of a stabilizing FX Market
It is an inconvenient truth, but most banks have been net beneficiaries of the uneven foreign exchange market. They found themselves in a position to arbitrage and leverage the forex … Read More
Zimra, BNC US$14m tax dispute drags on
THE High Court is still to make a ruling over an outstanding US$14 million tax dispute involving Bindura Nickel Corporation (BNC) and the Zimbabwe Revenue Authority. The tax dispute emanates … Read More
Govt unveils foreign currency income tax thresholds
Treasury has unveiled foreign currency denominated income tax bands that will see the tax free threshold pegged at US$350 while the highest bracket will be for those earning more than … Read More
Zimra not yielding on revenue collection
Zimra will not relent on its mandate to collect revenue to fund the Government’s commitments and importers and exporters must comply with the law and use the facilities provided to … Read More
Local authorities sitting on devolution funds
THE GOVERNMENT is unimpressed with some local authorities sitting on devolution funds which are supposed to fund development projects meant to improve the people’s lives. Nkayi Rural District Council (RDC) … Read More
No US dollar rates, local authorities told
THE Government says that local authorities are not allowed to peg rates in US dollars only, but should use multi-currencies to allow ratepayers to pay using the currency of their … Read More
Stanbic forges ahead with innovative tech products
FINANCIAL services institution, Stanbic Bank Zimbabwe, says it is ready to launch contactless debit cards and POS machines as it forges ahead with its highly innovative technology advancement approach accelerated … Read More
Councils receive devolution funds
Local authorities have started receiving their “devolution funds” from central Government for locally-planned development, but the Government is in the process of fine-tuning the Constitution to speed up the decentralisation … Read More
Zim$ gains ground against US$ again
THE Zimbabwe dollar is gaining ground for the second week in a row against the United States dollar after the exchange rate continued to stabilise, closing Tuesday’s auction at $82,7 … Read More
