Doing Business in Zimbabwe
Doing business in Zimbabwe presents both challenges and opportunities. There are incentives for foreign investment, particularly in infrastructure and agro-processing, and a rapidly expanding digital economy offers exciting potential. Navigating the landscape successfully requires careful planning, strong local partnerships, and adaptability, but for ventures ready to embrace the complexities, Zimbabwe can be a rewarding frontier [...]
Environmental, Social and Governance (ESG) Reporting
Environmental, Social and Governance (ESG) Reporting Have you ever wondered how you can report the environmental, social and governance impacts of your business’ operations? ESG reporting is the answer to that! Over the last two decades there have been growing concerns about preserving the environment and businesses needing to have strategies on how they intend [...]
Have You Assessed All the Business Risks?
Introduction Every commercial business from small to large has goals it seeks to achieve, one of them is being profitable into the foreseeable future, that is, be a going concern. Business risks come in as threats to the company’s ability to achieve its financial goals. These threats can be externally or internally generated in relation [...]
Good Corporate Governance In Public Entities
Appointment of the board (Public Entities Act 10:31) Appointments to all tiers of government including government institutions (Parastatals) and other public enterprises MUST be made primarily on the basis of merit. No person shall be re-appointed to a board if he or she has already served on that board for one or more periods, whether [...]
Why Regular Bookkeeping…
Are you a business owner who does their bookkeeping once a quarter or once annually? If so, you are merely doing it to satisfy the tax authorities (ZIMRA) – an inefficient manual data entry exercise. In our experience we often find that many business owners who do this are relying on their bank balance to [...]
Mergers and Acquisitions
Introduction In recent years, business acquisitions and mergers have become a source of inorganic growth for many businesses around the world. Business Mergers and Acquisitions (M&A) refers to events in which the ownership of companies and or operating units is transferred or consolidated with other entities to create a new bigger entity with an objective [...]
Risk Identification
Late 2019 the COVID-19 virus hit China and spread across the whole world. Due to undercalculation of the power of COVID-19 it made the world to relax resulting in it being a pandemic. COVID-19 has caused havoc in many economies as well as led to the closure of companies, downsizing and unemployment. The negative effect [...]
Four Accounting Topics Everyone’s Talking About
Introduction It has been a challenging year for accountants and auditors. Significant changes that have been on the horizon for several years were finally incorporated into year-end financial reports. Then the pandemic swept across the globe. 1. Implementation of Major Accounting Updates Private companies were required for the first time to apply the new revenue [...]