Browsing: Business

Business
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Nyanga still has enough room for tourists

Business Reporter Nyanga, one of the country’s major tourist destinations, is still capable to host tourists despite the decision by the Zimbabwe Parks and Wildlife Management Authority (ZimParks) to close Rhodes Camp Nyanga for renovations. Rhodes Camp Nyanga will be closed for the next three months as the authority seeks to revamp it from being […]

Business
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Retailers defy VAT directive

Enacy Mapakame, Business Reporter Some businesses across the country are yet to comply with Government’s directive to reduce value added tax (VAT) to 14,5 percent. Last year, Treasury ordered the reduction of VAT by 0,5 percent, but receipts from some retail outlets show the tax is still pegged at 15 percent. Confederation of Zimbabwe Retailers […]

Business
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Govt mulls Telecel debt equity swap

TELECEL International (TI), a State-owned vehicle which owns 60 percent of Telecel Zimbabwe (TZ), is considering converting the US$90 million debt owed by the mobile network operator into equity, a move likely to close the chapter on historical squabbles among shareholders.

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