Business – The Chronicle Bulawayo's most popular daily newspaper Sun, 21 Oct 2018 16:35:28 +0000 en-GB hourly 1 Business – The Chronicle 32 32 ‘Review by-laws, tax regime’ Thu, 18 Oct 2018 22:05:40 +0000 Whinsley Masara, Business Reporter GOVERNMENT has directed local authorities to formulate investor friendly by-laws and re-visit their taxation regimes to make them more investor-friendly to contribute towards economic transformation in the country. This was said Wednesday by Local Government, Public Works and National Housing Deputy Minister Jennifer Mhlanga at the third Local Government Investment Conference […]]]> 0 Renault launches the All-New ‘CLIMBER’ Thu, 18 Oct 2018 22:03:43 +0000 With 17 new styling and design cues, led by an all new Electric Blue colour with vibrant orange accents, the KWID CLIMBER enhances its lifestyle quotient. lnNew KWID CLIMBER will be offered with the 1.0L SCe powertrain in AT. lnThe KWID CLIMBER distinctively personifies a new generation urbanite who wants a vehicle to #LiveforMore with […]]]> 0 New-look Edgars . . .Clothing giant given major facelift Thu, 18 Oct 2018 22:03:29 +0000 Business Reporter Today Clothing retail giant Edgars Stores opens one of its branches in Bulawayo that has been given a a major facelift with a view of enhancing shopping experience. In a statement, the Zimbabwe Stock Exchange-listed retail chain said the branch, which is located at the corner of Jason Moyo and 8th Avenue went […]]]> 0 Zimbabwe woos SA investors Wed, 17 Oct 2018 22:05:56 +0000 JOHANNESBURG — The Zimbabwean government on Tuesday embarked on a charm offensive to woo investors in South Africa during the country’s “Zimbabwe is open for business” summit held in Johannesburg. Hosted by Zimbabwe’s embassy in South Africa, the summit attracted numerous government officials, diplomats, businesspeople, local and international media and some Zimbabweans based in different […]]]> 0 Blanket Mine gold output increases Wed, 17 Oct 2018 22:04:41 +0000 Natasha Chamba, Business Reporter GOLD output at Blanket Mine in Matabeleland South clocked 13 978 ounces during the third quarter period ended 30 September 2018, which is a 10 percent increase when compared to the second quarter. Parent company, Caledonia Mining Corporation, revealed in a recent production update that total output for nine months at […]]]> 0 Discard penchant for imports, urges economist Wed, 17 Oct 2018 22:03:59 +0000 Nqobile Tshili, Business Correspondent ZIMBABWEANS should discard the consumptive appetite for luxurious imports and embrace domestic production so as to increase export earnings and limit the pressure on foreign currency requirements, an economic expert has said. Speaking during a Public Policy Research Institute of Zimbabwe’s policy dialogue in Bulawayo, which was centred on significance of […]]]> 0 ACCA celebrates Global Ethics Day Wed, 17 Oct 2018 22:03:43 +0000 Harare Bueau The separation of bank accounts into FCA and RTGS FCA accounts is a cause for concern for the accounting profession in terms of reporting in particular for companies that report globally, a breakfast meeting to mark the Global Ethics Day heard yesterday. Participants at a round-table breakfast meeting organised by ACCA Zimbabwe to […]]]> 0 Banks comply with RBZ FCAs directive Wed, 17 Oct 2018 22:02:58 +0000 LOCAL banks have started creating separate Nostro Foreign Currency Accounts (FCAs) and Real Time Gross Settlement (RTGS) FCAs in line with a directive issued by the Central Bank early this month. The Reserve Bank of Zimbabwe (RBZ) gave banks until mid this month to separate the two accounts as part of measures to preserve value […]]]> 0 Fiscalisation: Know your fiscal devices Wed, 17 Oct 2018 22:02:41 +0000 What is fiscalisation? Fiscalisation is the recording of transactions for Value Added Tax purposes using electronic fiscal gadgets. The fiscalised gadgets record the information on read only memory, meaning that once recorded, this information cannot be altered. Who is required to fiscalise? All VAT registered operators are required to fiscalise their operations and ensure the […]]]> 0 EIA, small scale artisanal miners Wed, 17 Oct 2018 22:02:28 +0000 Zimbabwe is endowed with vast mineral resources, especially along the Great Dyke. As such, the mining industry has expanded over the years and is a significant contributor towards the nation’s Gross Domestic Product. The mining industry is characterised by large, medium and small scale miners. The Agency uses various tools to achieve sustainable mining, including […]]]> 0