Simbisa absorbs US$1m fast food tax to shield consumers
FAST-FOOD giant, Simbisa Brands Limited (Simbisa) paid close to US$1 million in fast-food tax during the first half of 2025, a levy it chose not to pass on to consumers despite pressure on margins.
By Tatira Zwinoira
Oct. 3, 2025
Innscor makes US$81m capital commitments for FY26
LIGHT manufacturer, Innscor Africa Limited (Innscor) has earmarked nearly US$81 million for capital projects in its financial year ending June 30, 2026
By Tatira Zwinoira
Sep. 29, 2025
Zimra hits Innscor with additional US$187 000 tax penalties
He confirmed that these assessments have been challenged in the courts and the cases were at various stages of appeal.
By Tatira Zwinoira
Sep. 28, 2025
Simbisa declares strong profit growth
In its interim financial for the half year ended December 31, 2023, the company’s chairperson Addington Chinake said revenue rose by 7,4% to US$147,75 million.
By Tafadzwa Mhlanga
Mar. 1, 2024
ZSE boss speaks on delistings, switch to VFEX
The ZSE has performed badly in efforts to attract foreign direct investment which led Bgoni to declare it as “the worst performing market” in Africa last August.
By Tatira Zwinoira
Jan. 29, 2023
US$400k boon for Innscor workers
Addington Chinake said the dividends, which were given to the Innscor Africa Employee Share Trust, were in recognition of the workers’ commitment to the company.
By Tatenda Manyinyire and Varaidzo Mudewairi
Dec. 8, 2022
Groundswell of caution over ‘punitive’ IMTT...Captains of industry want 2% tax scrapped
The IMTT’s third quarter performance was a forecast busting, according to Zimra, which said it was 3% ahead of targets.
By Kudzai Kuwaza
Nov. 18, 2022
