Companies

Companies

ZIMRA boss Faith Mazani

Private Sector, Parastatals Owe ZIMRA 4.7billion In Unpaid Taxes

By Alois Vinga THE Zimbabwe Revenue Authority (ZIMRA) is owed a total of $4.7 billion in unpaid taxes by several companies and government departments indicating serious losses in revenue. The taxman’s 2019 annual report shows parastatals owe $1.02 billion, local authorities, $174 million while the private sector owes $3.4 billion. Out of the total debt

Leading Customer Service Company In Recruitment Drive For Professionals

By Business Reporter A LEADING company is on a recruitment drive for customer service advisers as the firm gears for growth and provides world-class business packages to its over 75 000 associates across the globe. “We are changing the face of customer service. We are a people-driven, diverse company that does one thing really well,”

Robin Vela

Ex-NSSA boss, Vela welcomes court judgment setting aside AG-BDO report, vows to fight ‘smear campaign’ 

Agencies FORMER National Social Security Authority (NSSA) chairperson Robin Vela has pledged to continue to fight abuse of power, political expediency and overreach, and corruption after a landmark court judgment vindicated him. He hailed the damning High Court ruling which found that adverse findings and conclusions relating to him in an Auditor-General forensic audit report

RBZ governor John Mangudya

Maize dealer sues govt, RBZ over cancelled US$19m deal

By Mary Taruvinga A company has taken government and the central bank to court seeking an order to declare null and void, a recent decision by authorities to cancel a US$19 million maize procurement deal they had secured with the firm. Blue Chip, trading as Tbacha (Pvt) Ltd (Tbacha), has filed an urgent chamber application

Zimbabwe Cigar Venture Eyes Smokers At Home And Abroad

Reuters A NEWLY established Zimbabwean company has started making cigars for export, aiming to take on established players while developing a culture of smoking at home. Mosi-Oa-Tunya, the local name for Victoria Falls which means “the smoke that thunders”, is the first firm to make cigars in the southern African nation whose economic troubles have

Stanbic Bank In Thrust To Make Dreams Possible

By Business Reporter STANBIC Bank Zimbabwe has launched a new tag line that is aimed at expressing a commitment to helping its customers realise their dreams as it promises to be a financial partner that works with their stakeholders to make dreams come true. The bank’s new tag line, IT CAN BE was launched yesterday in a series

Dairibord shareholders to push employees’ stake to 5 %

By Alois Vinga FOOD and dairy products processor, Dairibord Zimbabwe Holdings Limited (DZL) shareholders are expected to consider approving employees’ stake to 5 % at the forthcoming annual general meeting. The group’s notice of the forthcoming AGM which will be held this month-end has prioritised the plans. “To consider, and if deemed fit, pass with

Zimbos cut down on smoke as top cigar maker, BAT reports 17 % sales decline

By Alois Vinga HARD-PRESSED Zimbabweans could now be smoking less of the legal cigarette, if reports of a 17 percent sales decline by top cigarette maker, British American Tobacco (BAT) are anything to go by. BAT has said the weakening of the Zimbabwe dollar, which has eroded disposable incomes, has forced locals to cut down

Milk processor to spend US$10m compensating displaced villagers

By Tonderai Saharo KWEKWE based milk processor, Dendairy Pvt Ltd, has set aside US$10 million towards compensating thousands of villagers set to be removed from their ancestral lands to pave way for the country’s first ever grass farming industry in Masvingo. Daryl Archibald, Dendairy Managing director, said his company has come up with the budget

Zimbabwe Launches First Electric Taxi Service And Charging Network

By Staff Reporter VAYA Africa, a Mauritius-registered Transportation as a Service (TaaS) company, has launched an electric vehicle service in Zimbabwe as part of the company’s rollout strategy across Africa. “We are excited to launch the ‘VAYA Electric’ vehicle today as we start our journey of deploying innovative ways of harnessing clean, renewable energy to

Zimbabwe’s African Sun Re-opens Hotels As Lockdown Eases

Xinhua Zimbabwe’s leading hospitality group, African Sun Limited (ASL), has re-opened some of its hotels as the country relaxes COVID-19 lockdown to allow some sectors to resume operations. The group, in its latest trading update released on Monday, said in line with the relaxation of the lockdown measures imposed by the government, the group is

Stanbic Bank chief executive Josh Tapambgwa (left) hands over PPE equipment to St Anne's rep Sister Mary and Solidarity Trust Trustee Karen Mutasa

STANBIC In Countrywide Distribution Of US$200 000 Hospital Equipment

By Staff Reporter STANBIC Bank has kick-started its distribution of US$200 000 worth of equipment to health institutions across the country for use by frontline workers in the fight against the menacing Covid-19. The Standard Bank Group subsidiary pledged to purchase equipment to help fight Covid-19 in April and has now taken delivery of US$200

African Sun reopens four hotels amid easing of lockdown restrictions 

By Alois Vinga HOTELIER, African Sun has reopened four of its hotels in the country’s major towns, taking advantage of the easing of the lockdown measures. The hotels have been closed for nearly two months as part of the country’s measures to prevent the spread of coronavirus. Presenting a trading update Tuesday, the hotel group’s

Zimplow exports suffer 64 % drop due to Covid-19 induced market closures

By Alois Vinga LISTED agro-industrial firm, Zimplow Holdings has recorded a 64% drop due to the effects of the Covid-19 pandemic lockdown regulations imposed by regional governments. Presenting a trading update recently, the firm’s company secretary, Max Chinorwadza bemoaned the pandemic’s impact of company fortunes. “The export business experienced a 64% drop compared to prior

NRZ Offers Free Rail Cargo To Transport Covid-19 Goods

By Bulawayo Correspondent STRUGGLING National Railways of Zimbabwe (NRZ) has availed free transport for the movement of goods and commodities meant to assist in the fight against Covid-19 to every entity demanding the services. The State-run company’s public relations manager, Nyasha Maravanyika confirmed the development to NewZimbabwe.com and said the decision to provide free transport

Acting ZTA chief executive Givemore Chidzidzi

ZTA Drafts Post Covid-19 Tourism Recovery Plan

By Matabeleland North Correspondent THE Zimbabwe Tourism Authority (ZTA) is drafting a‘destination Zimbabwe tourism recovery plan’ whose purpose will be to facilitate the recovery of the tourism sector post Covid-19. This comes as the United Nations World Tourism Organisation (UNWTO) estimates that in 2020, global international tourist arrivals could decline between 20% and 30% with international