By Titos Makondo One may wonder what’s Rural Enterprise Development Trust (REDT)? It is a non governmen organisation that can be best defined as a wonderous ever en route busy bee, hunting for investors to build a great Zimbabwe. REDT, chaired by Joseph Israel Thompson, was started to promote rural investments and keep local economy […]
The Rural Enterprise Development Trust (REDT) has announced that their Easter Conference will be held at the picturesque Drummond Ranch in West Nicholson. The conference is set to take place from April 7th to April 10th, 2023.
The government of Zimbabwe recently introduced separate PAYE Tax Tables for forex incomes (USD) and local currency incomes (ZWL $), a move which is detrimental to the common earner who gets paid in local currency.
Let’s say the nominal income will move with inflation. In that case, the higher nominal values will be pushed to higher income tax brackets, hence subjected to a higher tax rate despite there being no increase in real income.
Reserve Bank of Zimbabwe (RBZ) has announced its intention to partially privatise Fidelity Printers and Refiners. The central bank is going to unbundle and dispose of part of its stake to partially privatise the gold refining business by allowing private players to acquire a stake in the entity.
The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics.