We are not on strike: Zimra

We are not on strike: Zimra

By Daniel Chigundu The Zimbabwe Revenue Authority (Zimra) has dismissed social media claims that its workers have embarked on an industrial action due to incapacitation caused by the economic meltdown in the country. Most workers in the country have circulated their notice for industrial action demanding better wages and cushion from the unreasonable transport prices. Among those statements that have circulated includes one that purports to be from Zimra workers. However, the country’s chief revenue collector disputed the alleged industrial action through a statement. “Contrary to reports that are circulating…

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TSP to assist SMEs formalisation

TSP to assist SMEs formalisation

By Daniel Chigundu THE Transitional Stabilisation Program (TSP) October 2018 to December 2020 says it endeavours to remove all the bottlenecks that have been making it difficult for small to medium enterprises (SMEs) from formalising. According to the FinScope MSME Survey Zimbabwe 2012, there are about 3.5 million SMEs in the country and only 15 percent of them are formalised. SMEs have since become the mainstay of Zimbabwe’s economy in the past decade accounting for more than 80 percent of employment while at the same time covering about 70 percent…

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Crisis, as Delta Corporation rejects Bond Notes

Crisis, as Delta Corporation rejects Bond Notes

By Daniel Chigundu GIANT beverages manufacturing firm, Delta Corporation has advised its wholesale and retail customers that it will now be selling its products in US Dollars beginning Friday (4 January 2019). Delta which accounts for the majority of beverages in the country both alcoholic and sparkling needs about US$40 to US$60 million per year to import raw materials from such countries as Swaziland. However, due to the prevailing economic hardships in the country, the company has been failing to get enough foreign currency to import the raw materials leading…

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