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.
Former police officer and Buhera West Member of Parliament said Zimbabwe should not try to open old wounds by talking about bygones like Gukurahundi because there was a third force that was trying o cause conflict among the people.
Deposit taking microﬁnance institution, Getbucks Zimbabwe plans to issue a $15 million debt security, the second under its $30 million bond listed on the Zimbabwe Stock Exchange, in June, as the company seeks more capital to bolster its lending business.