Prices soar as new taxes kick in
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures. Meat dealers have … Read More
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures. Meat dealers have … Read More
RETAIL clothing giant, Edgars Stores Limited says the Government’s decision to continue with the multi-currency regime until 2030 will go a long way in instilling confidence in the overall economy. … Read More
THE proposed upward review of the Strategic Reserve Levy by US$0,03 and US$0,05 per litre of diesel and petrol, respectively, effective from January 1, 2024, will have significant implications for … Read More
OK Zimbabwe’s revenue for the half-year period ended September 30, 2023, jumped by 60,38 percent to $727,9 billion in inflation-adjusted terms from $453,8 billion in the same period in 2022. … Read More
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, last week made strides towards taming a sprawling informal retail sector as he proposed limiting stock procurement to licensed and … Read More
The Confederation of Zimbabwe Retailers (CZR) has intensified the formalisation drive of the growing informal sector by drafting a policy document geared at promoting the formalisation of the retail and … Read More
The country’s biggest retail group, OK Zimbabwe posted a 7,7 percent volume drop for the year ended 31 March over the comparative period owing to depressed consumer spending power and … Read More
Feeling the pressure exerted by fast-growing “dollar deals” informal entrepreneurs who are accused of creating a whole new spat of “dangerously unhealthy competition”, some major retail outlets are also joining … Read More
Supermarket group Choppies says Zimbabwean consumers are increasingly looking for more affordable and convenient shopping options, which in turn is impacting the retailer’s margins. The Botswana Stock Exchange (BSE)-listed supermarket … Read More
THE retail and wholesale sector is this year projected to grow to US$5,2 billion from the current US$4,1 billion on the back of increased branch networks and increased shop density, … Read More