Simplified SMEs Tax regime to spur economic growth

Simplified SMEs Tax regime to spur economic growth

By Varaidzo Zhakata THE Government of Zimbabwe (GoZ) has expressed commitment to establish a favourable working environment for Small and Medium Enterprises, by introducing a simplified Tax regime. Addressing journalists at the weekly post Cabinet briefing session, information, publicity and broadcasting services minister, Monica Mutsvangwa highlighted that government had noted potential the presented through SMEs, with the potential capacity to aid development, and growth of the economy. The regulatory measure also aims at incorporating previously disadvantaged groups, such as women and the youth. “SMEs have the potential of becoming an…

Read More

Tailors making a killing off face mask sales

Tailors making a killing off face mask sales

By Varaidzo Zhakata THE continued demand for face masks and other protective clothing in the era of the global pandemic has given a new ray of hope to small and medium enterprises who are into the tailoring industry. SMEs who are into tailoring have expressed that they are relieved that despite having been forced to stay at home during the lockdown the pandemic has fortunately allowed them to perform their work in supplying protective clothing such as face masks hence allowing them the revive their lives once again. According to…

Read More

Bleak future for informal traders

Bleak future for informal traders

By Edward Mukaro INFORMAL traders who are in the Embroidery sector have been left exposed to abject poverty by the Covid-19 lockdown as they cannot export their products to neighbouring South Africa, as the rainbow nation has closed its borders in order to curb the spread of the scourge that has accounted for the loss of hundreds of thousands of people, globally. In a survey conducted by The BusinessConncet, in Harare, most of the shops that were once a hive of activity such as Bart House, along Cameroon street have…

Read More

Making it in a man’s world

Making it in a man’s world

By Edward Mukaro GROWING up in the dusty roads of Kuwadzana, in Harare, some 37 years ago, Caroline Masvingise Godzengere’s parents would never have imagined that she would one day blossom up to become a role model, not only for her own children, but for the world particularly women who are having to literally ‘man-up’, in an otherwise man’s world. While most people of her generation are seized with self-pitying while mourning about a bad economy that has provided little opportunities to make it out of the ghetto; Caroline realized…

Read More