Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided for by the fuel pricing regulations,” said Zera in a statement. The regulatory authority said in local currency, the price of ...
Such acts as transfer pricing, under-invoicing, smuggling of gold and other minerals, have seen the country lose large amounts that could otherwise be injected into the economy. The Reserve Bank of Zimbabwe has also begun to penalise firms and individuals that fail to account for foreign currenc...
Zimbabwe Textile Manufacturer’s Association (ZTMA) president Mr Admire Masenda said they were not aware of any companies abusing the CMR but said authorities should come down hard on anyone breaching laws and regulations. “By introducing the CMR, the intention of the Government was to help loc...
The demand that foreign-owned companies, particularly miners, transfer a 51 percent stake in local operations to black investors was widely seen as a populist tactic by President Robert Mugabe's ZANU-PF party in the run-up to elections expected later this year. In a dramatic turnaround on Tu...
Furthermore, a high degree of dollarisation not only had an impact on the effectiveness and performance of economic policies, but also resulted in different pricing systems in the US dollar and local currency without proper adjustments in prudential regulations (Bonga & Dhoro, 2015). A new ...
This implies that any regulations with regard to river water abstraction must include ground water use. The following figure 1 shows the boundaries of Nyanyadzi Catchment Source: Nyanyadzi Catchment Diary, 2012 STATEMENT OF THE PROBLEM Problems of water management in agriculture are gaining increased...
Under the Reserve Bank of Zimbabwe (RBZ) (Legal Tender) Regulations, the Government abolished the use of the British pound, the United States dollar, the South African rand, the Botswana pula and any other foreign currencies, as legal tender. ...