London-listed junior miner Vast Resources has postponed the conclusion of the sale of nearly 50 percent of its shares at its Zimbabwe operations citing delays in approval of the transaction by the Reserve Bank of Zimbabwe.
More Zimbabweans expect life to be better in the next 12 months than those who think it will be worse, according to a survey y African think-tank, Afrobarometer.
Textile firm Merlin’s judicial manager is still hopeful an investor to rescue the company will be found before the company’s June 30 liquidation deadline.
The Zimbabwe Revenue Authority (ZIMRA) has instructed chicken abattoirs to pay 15 percent value-added-tax (VAT) on all inputs, including capital investments used in broiler production, post statutory instrument (SI) 26A of 2017.
Zimbabwe’s largest retail operator, OK Zimbabwe reported an 800 percent increase in net income to $6.1 million in the year to March from $700 000 last year on improved revenue.
Bulawayo-based textile company, National Blankets, is now beyond resuscitation stage and the judicial manager is now in the process of liquidating the firm.