VAT and Cash Management Working capital management is essential for financing day-to-day business activities. More so for SMEs which often have shorter runways (period taken to spend available cash resource) due to tight liquidity and limited cash management options. The business model applied plus the operating environment presents both opportunities and threats to how an […]

Continuing with our discussion from the first article, we look at how the payments for current international payments are done using both auctions i.e., the RBZ auction and the Willing Buyer Willing Seller auction.  The RBZ Auction The RBZ auction was introduced in June 2020 to allow for transparent and efficient allocation of foreign currency […]

In my experience working with SMEs, I have observed that tax compliance is a difficult task even when one understands their tax strategy. As a result, obtaining a valid tax clearance certificate is the only pain point, sadly. ‘Culture eats strategy for breakfast.’ It cannot be over emphasized that good corporate culture allows for the […]

Have you ever wondered how businesses are classified in Zimbabwe? Whether your business is a micro, small or medium or large enterprise? Understanding classification is important as this allows you to pick on the economic policies targeted to the business cluster/size you belong. In Zimbabwe SMEs are classified as such according to the 5th Schedule […]

Running an SME to attain short-term liquidity and profit maximization (objectives to sustaining operations in this side of the hemisphere) requires constant tweaking of the tactics in response to the pressures and opportunities in the external environment. This, therefore, requires preparation of management accounts that communicate performance in the context of these objectives and the […]

The Exchange Control regimes in any country are critical to the managing and maintenance of money onshore i.e., within that jurisdiction. It is imperative that an economy has sufficient cash as this aids in stabilizing its trading capabilities as well as avoid over liberalization of flow of funds which is a key disruptor of local […]