Zimbabwe’s tax agency says it is lobbying for new legislation which will see tax evaders being handed stiffer penalties, as the country which solely relies on tax to fund its operations tries to shore up revenue collections.
Labour body, the Zimbabwe Congress of Trade Union (ZCTU) yesterday accused business tycoon Strive Masiyiwa of ill-treating workers at his companies, Econet Wireless and Steward Bank.
The pensions industry achieved a net surplus of $30.96 million in the first quarter to March driven by rental and investments income of $105.65 million, a report by the regulator has shown.
Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel Company (Ziscosteel), Industry and Commerce Minister Mike Bimha said yesterday, the latest attempt to revive the moribund steelmaker, once the largest integrated steel works in the region which shut in 2008.
NMB Holdings Limited has reported a 35 percent increase in after-tax profit in the six months to June from $2.6 million in the prior year to $3.6 million despite an 8 percent drop in gross income.
Former Army commander Solomon Mujuru was prepared to ditch President Robert Mugabe in 2008 and support opposition leader Morgan Tsvangirai instead if Mugabe tried to rig the elections.