Dear Valued Client Please be advised that pursuant to the Companies and Other Business Entities Act [Chapter 24:31], the company re-registration exercise has commenced. This is a significant initiative aimed at updating the company register from a manual paper-based system to an electronic filing system and ensuring compliance with regulatory requirements. Failure to re-register electronically [...]
On 1 January 2024, the Finance Act, 2023 (No.13 of 2023) (the “Finance Act”) came into operation implementing various measures including the introduction of a special capital gains tax (“special CGT”). The Finance Act amended the Capital Gains Tax Act [Chapter 23:01] (the “CGT Act”) and introduced section 30B (3) of the CGT Act reads [...]
HONEY & BLANCKENBERG: Brief Opinion – Presidential Powers (Temporary Measures) (Deferral of rent and mortgage payments during National Lockdown) Regulations, 2020
The Companies and Other Business Entities Act [Chapter 24:31] (hereinafter “the New Act”) was gazetted on 15 November 2019. It came into force on the ninetieth day after its promulgation – that is on 13 February 2020 and repeals the Companies Act [Chapter 24:03] (hereinafter “the Old Act”) and the Private Business Corporations Act [Chapter [...]
Mining in Zimbabwe is primarily regulated by the Mines and Minerals Act [Chapter 21:05] (“the Act”), which amongst other things deals with acquisitions and rights to conduct exploration, prospecting and mining. The Act has not been substantively amended for more than a decade and there is need to bring the law in line with current [...]
Commentary on a Business Weekly article of 4-10 May 2018 titled “Ethanol shortages push up fuel price…..as Green Fuel stops production” The Business Weekly of 4 May 2018 reported that the price of fuel has increased as a result of the failure by Green Fuel to resume the production of ethanol on the back of [...]
In debt collection matters, the main issues to be decided usually include whether or not the debtor is truly indebted to the creditor in the amount claimed. These issues can be difficult to prove without proceeding to trial even where the parties signed a contract documenting their agreement. Therefore, a party may save him/herself time [...]
On 13 December 2017, the former Zanu PF Central Committee member, Mr James Makamba returned to Zimbabwe after twelve years of self-imposed exile. Mr Makamba skipped bail and fled Zimbabwe in 2005 after being charged with eleven counts of contravening the Exchange Control Act [Chapter 22:05] as read with the Exchange Control Regulations, 1996 Statutory [...]
