Business – Page 716 – newzimbabwevision

Zimbabwe Revenue Authority (ZIMRA) raises duty on all second hand cars

Posted on June 18, 2015June 18, 2015 by newzimbabwevision

The Zimbabwe Revenue Authority (ZIMRA) unilaterally increased import duty on all second-hand motor vehicles with effect from last Wednesday.The move has resulted in duty for a wide range of motor vehicles increasing by between $200 and $400, while those importing top-of-the-range second-hand models are forking out more. Where importers used to spend at least $6 000, they now need $400 more. A ZIMRA official at Beitbridge Border Post said the changes sought to ensure…

Telecel appoints Mrs Angeline Vere as the new Chief executive

Posted on June 18, 2015June 18, 2015 by newzimbabwevision

Mrs. Angeline Vere, a lady who has been employed by Telecel Zimbabwe since 2004, and also a holder of a Bachelor of Laws Honours Degree (LLB), a Masters in Laws (LLM) degree with specialization in Commercial law and a Diploma in Finance and Accounting was appointed by the Telecel Board of Directors as the new Chief Executive Officer, with effect from June 10, 2015, in line with the Telecel’s equal employment opportunity and empowerment policies. Mrs Vere , has…

US$5 billion needed to rehabilitate Zimbabwe’s roads & US$400million for Harare

Posted on June 16, 2015June 16, 2015 by newzimbabwevision

THE country’s road infrastructure authority sees licence fees collections doubling to $55 million this year from $27 million collected last year, but remains too low to fund the country’s aging road network, an official told a Parliamentary committee on Monday. Zimbabwe requires $5 billion to rehabilitate its road network, but with recurrent expenditure accounting for nearly 80 percent of total revenue and worsened by a $10 billion foreign debt overhang, government is unable to close the…

RESERVE BANK OF ZIMBABWE RATE S$ $175, 000, 000, 000,000, 000 to US$ 5

Posted on June 15, 2015 by newzimbabwevision

Zimbabweans who lost savings at the height of the hyperinflation in 2009 which saw the collapse of the Z$ and unofficial adoption of a multi currency system with the use of the South African Rand and US$ will be able to exchange their Z$ account balances from Monday until September 2015 at a rate of Z$175 quadrillion to US$5. This exercise was pre empted by the intriduction of Bond coins into circulation valued at US$10million…

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Posted on June 8, 2015 by newzimbabwevision

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