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BUDGET: How Mthuli plans to boost private investment in sports facilities Govt wants companies to help rebuild the country’s rundown sports infrastructure. So, Finance Minister Ncube is offering new tax incentives: • Tax deductions: Companies that build or upgrade public sports facilities can claim 150% of their investment as a tax deduction over two years. If a company spends US$1M fixing a stadium, it can deduct US$1.5M from its taxable income over two years. • Duty-free imports: Specialised equipment for stadiums, such as turfs, seats, lighting, scoreboards, will come in duty-free. • Tax credits for youth sport: Companies that fund rural sports academies or SRC-registered youth programmes get a US$10,000 tax credit.

BUDGET: How Mthuli plans to boost private investment in sports facilities Govt wants companies to help rebuild the country’s rundown sports infrastructure. So, Finance Minister Ncube is offering new tax incentives: • Tax deductions: Companies that build or upgrade public sports facilities can claim 150% of their investment as a tax deduction over two years. If a company spends US$1M fixing a stadium, it can deduct US$1.5M from its taxable income over two years. • Duty-free imports: Specialised equipment for stadiums, such as turfs, seats, lighting, scoreboards, will come in duty-free. • Tax credits for youth sport: Companies that fund rural sports academies or SRC-registered youth programmes get a US$10,000 tax credit.

40,796 просмотров

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ℹ️ Migration myths don’t add up, says Standard Bank CEO Sim Tshabalala says migrants don’t steal jobs or push down wages. They create demand, which creates employment. Speaking at a Kgalema Motlanthe Foundation seminar on migration, the Standard Bank CEO says his bank operates in 20 African countries. It earned R49 billion last year, with about 40% of that coming from outside SA. [🎥SABC]

ℹ️ Migration myths don’t add up, says Standard Bank CEO Sim Tshabalala says migrants don’t steal jobs or push down wages. They create demand, which creates employment. Speaking at a Kgalema Motlanthe Foundation seminar on migration, the Standard Bank CEO says his bank operates in 20 African countries. It earned R49 billion last year, with about 40% of that coming from outside SA. [🎥SABC]

302,364 просмотров • 13 дней назад

Econet Founder Strive Masiyiwa and Google Senior VP James Manyika accompany SA president Cyril Ramaphosa 🇿🇦 at the start of the 2026 Google Cloud Summit in Johannesburg earlier today. The Summit brings together industry and policymakers to discuss Cloud Computing and AI.

Econet Founder Strive Masiyiwa and Google Senior VP James Manyika accompany SA president Cyril Ramaphosa 🇿🇦 at the start of the 2026 Google Cloud Summit in Johannesburg earlier today. The Summit brings together industry and policymakers to discuss Cloud Computing and AI.

236,040 просмотров • 1 месяц назад

President Emmerson Mnangagwa says Zimbabwe would rather leave minerals in the ground until it has the technology to get full value from them. In February, the government began restricting exports of some minerals, including lithium concentrates, to push miners into processing more locally. But Zimbabwe’s value addition ambitions face hurdles, including limited infrastructure, technology, finance and market access.

President Emmerson Mnangagwa says Zimbabwe would rather leave minerals in the ground until it has the technology to get full value from them. In February, the government began restricting exports of some minerals, including lithium concentrates, to push miners into processing more locally. But Zimbabwe’s value addition ambitions face hurdles, including limited infrastructure, technology, finance and market access.

28,414 просмотров • 12 дней назад

📍 How Zimbabwean migration to South Africa has changed over the past 30 years. South Africa’s Statistician-General, Risenga Maluleke, has outlined how the Zimbabwean population in South Africa has trended over the past 30 years: 📌 1996: Around 80,000 Zimbabweans live in SA, 10% of the country’s foreign-born population, the fourth-largest foreign national group. 📌 2001: As Zimbabwe’s economy falls, the number doubles to 161,000 (16.1% of foreign nationals), second only to Mozambicans. 📌 2010: Zimbabweans are the largest foreign national group, numbering 818,900 (43.1% of all foreign nationals). 📌 Latest 2022 Census: SA counts a total 2.4 million foreign nationals, including undocumented migrants. Nearly half (48.5%) are Zimbabweans, about 1.16 million people.

📍 How Zimbabwean migration to South Africa has changed over the past 30 years. South Africa’s Statistician-General, Risenga Maluleke, has outlined how the Zimbabwean population in South Africa has trended over the past 30 years: 📌 1996: Around 80,000 Zimbabweans live in SA, 10% of the country’s foreign-born population, the fourth-largest foreign national group. 📌 2001: As Zimbabwe’s economy falls, the number doubles to 161,000 (16.1% of foreign nationals), second only to Mozambicans. 📌 2010: Zimbabweans are the largest foreign national group, numbering 818,900 (43.1% of all foreign nationals). 📌 Latest 2022 Census: SA counts a total 2.4 million foreign nationals, including undocumented migrants. Nearly half (48.5%) are Zimbabweans, about 1.16 million people.

61,278 просмотров • 1 месяц назад

“As a corporate, why would you want to withdraw US$5,000 in cash…” Finance Minister Mthuli Ncube and Treasury Permanent Secretary George Guvamatanga defend their new levy on cash withdrawals, despite criticism that it raises costs and undermines efforts to formalise the economy

“As a corporate, why would you want to withdraw US$5,000 in cash…” Finance Minister Mthuli Ncube and Treasury Permanent Secretary George Guvamatanga defend their new levy on cash withdrawals, despite criticism that it raises costs and undermines efforts to formalise the economy

275,802 просмотров • 8 месяцев назад

🔔PROFILE FRIDAY: This business started on a small veranda, making 8kg per day. Today, after installing new equipment, it has expanded capacity to 1,500kg per hour, over 30 tons per day. The company makes 25 products, with 16 on the way! Meet lesly of Glytime

306,500 просмотров • 9 месяцев назад

“We’ve run out of capacity…” Delta Beverages is struggling to keep up with record demand for beer and soft drinks. In response, Delta is investing another US$120M into expansion. This adds to the US$44M invested over the past year. ~CEO Matlhogonolo Valela

“We’ve run out of capacity…” Delta Beverages is struggling to keep up with record demand for beer and soft drinks. In response, Delta is investing another US$120M into expansion. This adds to the US$44M invested over the past year. ~CEO Matlhogonolo Valela

89,511 просмотров • 2 месяцев назад

Skills crisis: Zimbabwe has only one forensic pathologist, and has had to bring in three from Cuba. Health Minister Douglas Mombeshora said this in response to MP Lynette Karenyi-Kore, who asked why such services are only offered in Harare. Mombeshora says govt plans to train more forensic pathologists, which takes 4 years, and pay specialists better.

Skills crisis: Zimbabwe has only one forensic pathologist, and has had to bring in three from Cuba. Health Minister Douglas Mombeshora said this in response to MP Lynette Karenyi-Kore, who asked why such services are only offered in Harare. Mombeshora says govt plans to train more forensic pathologists, which takes 4 years, and pay specialists better.

249,854 просмотров • 10 месяцев назад

Work kicking off at Bulawayo’s Fairgrounds, a new shopping complex being developed by Terrace Africa for the Tigere Property Fund. It’s due to be completed in 2027. Tigere is a ZSE-listed real estate investment trust (REIT) that currently holds Highland Park, Chinamano Corner, Greenfields and Zimre Park Drive-Thru. Four more properties are being added to the Tigere portfolio this year, including Cardinals Corner and the Design Quarter at the Highland Park Precinct. Tigere is targeting rapid growth in net asset value (NAV), the total value of a property portfolio after taking out liabilities. Tigere wants to grow NAV from US$60 million last year to US$100 million this year, and US$200 million by end of 2028. [🎥 Mandebvu Contracting]

Work kicking off at Bulawayo’s Fairgrounds, a new shopping complex being developed by Terrace Africa for the Tigere Property Fund. It’s due to be completed in 2027. Tigere is a ZSE-listed real estate investment trust (REIT) that currently holds Highland Park, Chinamano Corner, Greenfields and Zimre Park Drive-Thru. Four more properties are being added to the Tigere portfolio this year, including Cardinals Corner and the Design Quarter at the Highland Park Precinct. Tigere is targeting rapid growth in net asset value (NAV), the total value of a property portfolio after taking out liabilities. Tigere wants to grow NAV from US$60 million last year to US$100 million this year, and US$200 million by end of 2028. [🎥 Mandebvu Contracting]

50,485 просмотров • 1 месяц назад

In a canteen back in the 1980s, three employees at drug giant Pfizer decided to break away to start what became Zimbabwe’s first privately held black pharmaceutical firm. Tobias Dzangare, Celestine Gadzikwa and Glory Zata founded Varichem in 1985. Its first product, Prazosin, launched in 1988. But they faced resistance. “Most wholesalers and pharmacists were not interested in our product because of prejudice from our former employer.” Today, Varichem Pharmaceuticals is one of Zimbabwe’s biggest manufacturers and exporters of medicines.

In a canteen back in the 1980s, three employees at drug giant Pfizer decided to break away to start what became Zimbabwe’s first privately held black pharmaceutical firm. Tobias Dzangare, Celestine Gadzikwa and Glory Zata founded Varichem in 1985. Its first product, Prazosin, launched in 1988. But they faced resistance. “Most wholesalers and pharmacists were not interested in our product because of prejudice from our former employer.” Today, Varichem Pharmaceuticals is one of Zimbabwe’s biggest manufacturers and exporters of medicines.

53,796 просмотров • 2 месяцев назад

“In cement, you can’t just think for the next 2-3 years, you need to think for the next 20 years…” 🎥 PPC Africa CEO Matias Cardarelli speaks today on why the company wants to build a new plant in Zimbabwe. Zimbabwe is an increasingly important market for PPC, with rising cement demand helping offset slower growth in SA and Botswana. In the year to March, PPC Zimbabwe’s sales volumes rose 18%. Volumes were up 25% in the first half. Growth was 12% in the second half, after a gearbox breakdown at the Bulawayo plant slowed sales in the region for two months. Revenue rose 20.5% to US$206 million, and earnings hit a record US$56 million. PPC received US$36 million in dividends from Zimbabwe, up from US$13 million in the previous year, “another record for PPC Zimbabwe.”

“In cement, you can’t just think for the next 2-3 years, you need to think for the next 20 years…” 🎥 PPC Africa CEO Matias Cardarelli speaks today on why the company wants to build a new plant in Zimbabwe. Zimbabwe is an increasingly important market for PPC, with rising cement demand helping offset slower growth in SA and Botswana. In the year to March, PPC Zimbabwe’s sales volumes rose 18%. Volumes were up 25% in the first half. Growth was 12% in the second half, after a gearbox breakdown at the Bulawayo plant slowed sales in the region for two months. Revenue rose 20.5% to US$206 million, and earnings hit a record US$56 million. PPC received US$36 million in dividends from Zimbabwe, up from US$13 million in the previous year, “another record for PPC Zimbabwe.”

39,149 просмотров • 2 месяцев назад

🧵 ZANU PF Conference Resolutions: ZANU PF has ordered Govt to fast-track legal changes extending President Mnangagwa’s term. The party has directed Govt to amend the law within a year, reaffirming a resolution first passed at last year’s conference.

🧵 ZANU PF Conference Resolutions: ZANU PF has ordered Govt to fast-track legal changes extending President Mnangagwa’s term. The party has directed Govt to amend the law within a year, reaffirming a resolution first passed at last year’s conference.

130,232 просмотров • 9 месяцев назад

“If I was your board, I’d fire you..” Last week, OK Zim said the skewed exchange rate gives informal traders an edge while killing supermarkets. Today, at a meeting with business, Treasury Secretary George Guvamatanga reacts: Supermarkets should innovate [🎥 Herald]

“If I was your board, I’d fire you..” Last week, OK Zim said the skewed exchange rate gives informal traders an edge while killing supermarkets. Today, at a meeting with business, Treasury Secretary George Guvamatanga reacts: Supermarkets should innovate [🎥 Herald]

376,268 просмотров • 2 лет назад

“We don’t have a problem of entrepreneurship in Africa. Our kids leave school knowing if you don’t start something, you’re not going to be employed….” At the #WEF2025, Econet Group founder Strive Masiyiwa calls for better funding ecosystems for emerging African entrepreneurs. “You do not fund startups with debt. You provide equity capital, venture capital…”

“We don’t have a problem of entrepreneurship in Africa. Our kids leave school knowing if you don’t start something, you’re not going to be employed….” At the #WEF2025, Econet Group founder Strive Masiyiwa calls for better funding ecosystems for emerging African entrepreneurs. “You do not fund startups with debt. You provide equity capital, venture capital…”

216,892 просмотров • 1 год назад

While Zimbabwe’s official GDP data puts it ahead of regional peers on size, its banking sector tells a different story: the key sector is far smaller than that of its neighbours. At the CZI’ post-budget seminar today, BancABC’s James Wadi says this shows that much of the economy is informal, and businesses have limited access to the loans that they need to grow: 🇿🇲 Zambia: US$8.2bn in deposits, US$4.1bn in loans 🇲🇿 Mozambique: US$11.7bn in deposits, US$4.5bn in loans 🇿🇼 By deposits, Mozambique’s banking sector is three times bigger than Zimbabwe’s • Zimbabwe’s top three banks hold just US$2bn in deposits, while Mozambique’s top 3 hold have four times more

While Zimbabwe’s official GDP data puts it ahead of regional peers on size, its banking sector tells a different story: the key sector is far smaller than that of its neighbours. At the CZI’ post-budget seminar today, BancABC’s James Wadi says this shows that much of the economy is informal, and businesses have limited access to the loans that they need to grow: 🇿🇲 Zambia: US$8.2bn in deposits, US$4.1bn in loans 🇲🇿 Mozambique: US$11.7bn in deposits, US$4.5bn in loans 🇿🇼 By deposits, Mozambique’s banking sector is three times bigger than Zimbabwe’s • Zimbabwe’s top three banks hold just US$2bn in deposits, while Mozambique’s top 3 hold have four times more

105,066 просмотров • 8 месяцев назад

At the World Governments Summit in Dubai, President President of Zimbabwe answers questions from Tucker Carlson on the US-China rivalry, Zimbabwe’s land reform, and recent events in Venezuela. He was on a panel with Presidents Julius Maada Bio of Sierra Leone and Botswana’s Duma Boko.

At the World Governments Summit in Dubai, President President of Zimbabwe answers questions from Tucker Carlson on the US-China rivalry, Zimbabwe’s land reform, and recent events in Venezuela. He was on a panel with Presidents Julius Maada Bio of Sierra Leone and Botswana’s Duma Boko.

77,716 просмотров • 6 месяцев назад

Cabinet today: Government agrees a deal with construction company Bitumen World to rebuild the Beitbridge-Vic Falls highway. It’s to be done under a build, operate and transfer model. This means Bitumen must raise the substantial funding needed for the 760km road, build it, operate it for a profit over an agreed period, before handing it to the public.

Cabinet today: Government agrees a deal with construction company Bitumen World to rebuild the Beitbridge-Vic Falls highway. It’s to be done under a build, operate and transfer model. This means Bitumen must raise the substantial funding needed for the 760km road, build it, operate it for a profit over an agreed period, before handing it to the public.

225,459 просмотров • 1 год назад

“2030 wasn’t even our date. It’s their lawyers who wrote that statutory instrument…” Treasury Secretary George Guvamatanga claims it was the private sector that pushed government to set 2030 as the deadline to end the multicurrency system and move to a sole local currency. Uncertainty around the timeline has slowed bank lending and investment. Guvamatanga says the deadline (under SI218/2023) may now be ‘reviewed’

“2030 wasn’t even our date. It’s their lawyers who wrote that statutory instrument…” Treasury Secretary George Guvamatanga claims it was the private sector that pushed government to set 2030 as the deadline to end the multicurrency system and move to a sole local currency. Uncertainty around the timeline has slowed bank lending and investment. Guvamatanga says the deadline (under SI218/2023) may now be ‘reviewed’

88,357 просмотров • 8 месяцев назад

“Those who will be found wanting will regret the day of their existence” Parliament Speaker Jacob Mudenda issues threats after power went out as President Emmerson Mnangagwa wrapped up his State of the Nation Address today. In November last year, Parliament suffered a power cut during the Budget presentation, attended by the President. ZESA blamed that outage on a storm

“Those who will be found wanting will regret the day of their existence” Parliament Speaker Jacob Mudenda issues threats after power went out as President Emmerson Mnangagwa wrapped up his State of the Nation Address today. In November last year, Parliament suffered a power cut during the Budget presentation, attended by the President. ZESA blamed that outage on a storm

98,661 просмотров • 9 месяцев назад

“We have people in ZANU PF who themselves are not ZANU PF…” Meeting editors today, President Mnangagwa says he will retire when his current term ends. Some within his party want to amend the Constitution to allow him to stay beyond 2028 by extending his current term.

“We have people in ZANU PF who themselves are not ZANU PF…” Meeting editors today, President Mnangagwa says he will retire when his current term ends. Some within his party want to amend the Constitution to allow him to stay beyond 2028 by extending his current term.

163,039 просмотров • 1 год назад