Zimra’s new tax collection initiatives pay dividends

ZIMRA’S measures such as automation, audits and anti-corruption initiatives aimed at enhancing revenues to ease national fiscal strain are beginning to prove their worth as realised by the authority’s ability to surpass its half-year revenue target by eight percent buoyed by improved collections, compliance and strong performance in most revenue heads. INDUSTRIALS The Industrial Index gained 0.36 points (0,18 percent) to close the week at 198.41 points as two counters gained ground. Hippo added $0,0250 to close at $0,8500 while Axia put on $0,0100 to trade at $0,1200.

No counter traded in the negative. Heavyweights Delta, Innscor, Old Mutual and Seedco traded unchanged at $1,2725, $0,7225, $3,9300 and $1,3400 in that sequence.

Week on week Industrial index gained 0.48 points (0,24 percent). MININGS The Mining index was unchanged at 69.19 points. Bindura, Falgold, Hwange and RioZim remained unchanged at previous trading levels at $0,0290, $0,0100, $0,0250 and $0,5525 respectively.

Week on week Mining index eased 0.79 points (1,13 percent).