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Property

Tax relief on domestic residences?

The motivation for the proposal was to allow such entities to avoid the payment of annual duties.David Warneke, a tax specialist and partner at Cameron and Prentice Chartered Accountants, explains that although similar relief was previously available, where the residence had to be acquired out of the company…

Contractor sues Bank

The High Court, which on May 12  this year served CBZ with summons to file an appearance to defend, is expected to set a date for the hearing soon.Although the diversified banking group, through its lawyers, Chiham-bakwo, Mutizwa and Partners, indicated its intention to defend the matter, it…

Development slows pace in Byo

There was, however, an encouraging trend as the drop was mostly in the residential sector while there was an increase in industrial and commercial development.Figures released by the council show that 219 development plans valued at R28,5 million were approved by the council in February compared to 128…

Mozambique hotel industry grows by 12%

In 2008 some 1,7m tourists visited Mozambique, the bulk from neighbouring South Africa.And as per a media release recently issued by Mozambique’s Ministry of Tourism, quoting Tourism Minister Fernando Sumbana, between 2005 and 2008 the average annual investment in tourism in the country was US$600m, which during 2007…