Business
Simbisa Brands Covers 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 its margins.
The 1% fast-food tax, introduced on January 1, 2025, applies to all legally defined fast food items as part of the government’s revenue mobilization efforts. Since Simbisa’s financial year runs from July 1, 2024, to June 30, 2025, the tax affected its second-half results, increasing costs by about US$0.9 million.
Formal businesses like Simbisa, which make up just 23.9% of the economy, have been raising concerns over heavy taxation and enforcement, while most of the economy remains informal.
“The Zimbabwean operating environment saw the second half of the financial year characterised by a slowdown in economic growth and a significant shift in the local tax regime. Pleasing though, the market was able to deliver growth through disciplined pricing and customer-centric value offerings.
Of note was the introduction of the 1% fast-food tax, levied on all items defined at law as fast food, which was effective January 1, 2025. This tax led to an erosion of margins. Simbisa made the conscious decision not to pass the ‘food tax’ onto our customers and, as a result, contributed to the fiscus by paying at least US$0.9 million in fast-food tax,” Said Simbisa Chairman Addington Chinake.
Despite this, Simbisa recorded a 6% increase in profit after tax, rising to US$16.91 million. This was supported by a 7% revenue growth to US$306.45 million, up from the previous.
“In Zimbabwe, revenue grew 5% in FY 2025 versus the prior year with customer counts up 7% year-on-year, supported by menu innovation and aggressive promotions, though margins were compressed by power shortages, higher operating costs and the absorption of the fast-food tax.” Simbisa CEO Basil Dionisio stated.
The region achieved 11% revenue growth despite a 6% decline in customer counts, as higher average spend and currency appreciation offset the impact of subdued consumer demand, political unrest, and tax.
“This was primarily driven by the Dial-a-Delivery platform enhancements, third-party aggregator integrations, and app-exclusive promotions and bundles,” said Dionisio.
Simbisa’s delivery volumes grew 42% in Zimbabwe and 33% in Kenya in FY 2025. During the year, the company opened 47 new stores, refurbished 21 stores, and closed 31 counters.
Simbisa Zimbabwe has 31 net new counters planned for FY 2026, with a strategic focus on drive-thru formats and delivery optimisation to enhance convenience and broaden reach. Delivery currently contributes just 4% of total revenue, presenting significant headroom for growth.
Expansion of delivery coverage from 66% to 80% of outlets by year-end, coupled with app-exclusive promotions, bundled offers, and enhanced service standards, will be key drivers of this growth.
“Simbisa Zimbabwe is targeting a 15% delivery-segment contribution by the end of FY 2026,” He added.
Business
Lower Gweru Miner Rises From Artisanal Beginnings to Multimillion-Dollar Gold Venture
A miner from Lower Gweru has risen from humble beginnings to become the owner of a multimillion-dollar gold operation—progress he credits to the empowerment initiatives rolled out under the Second Republic.
Latest figures show that small-scale miners now account for roughly 75 percent of Zimbabwe’s yearly gold deliveries, underscoring the sector’s growing influence.
Tawanda Muchenurwa, born 52 years ago in rural Chivi, Masvingo, discovered his love for gold prospecting as a young student, spending much of his time searching for the precious mineral along the Runde River.
He later joined Zim Alloys, where he sharpened his understanding of mining techniques. Eventually, he left formal employment to pursue artisanal mining in the Shurugwi mountains, a bold step that would lay the foundation for his future success.
Through persistence and careful saving, Muchenurwa managed to register a mining claim in Lower Gweru—land that he would transform into a thriving gold operation.
Today, his venture, Birthday Mine, employs more than 100 people and contributes over 1.5kg of gold to national reserves each month.
“It has been a long road. When I bought this place in 2016, it was nothing but a mountain. Using savings from my artisanal mining work, I slowly built the operation. The real turning point came after 2018, when the Second Republic opened more doors for local miners. I accessed a loan and began structured mining,” he said.
“With the President’s Vision 2030 in mind, we are pushing even further. We now have modern underground mining machinery, and by next year I’m targeting at least 10kg of gold every month.”
The mine has also brought relief to nearby communities, creating jobs and improving household incomes.
“For many of us, securing employment here has changed our lives. I can now support my husband and help my siblings with school fees,” said employee Mrs Brilliant Shumba.
Another worker, Mr Ikabot Chadza, echoed the sentiment: “This job has equipped me with new skills and eased the burden of supporting my family. It has truly empowered me.”
Muchenurwa’s rise from artisanal miner to major gold producer highlights the power of determination and hard work. And as Zimbabwe exceeds its 40-tonne annual gold target, miners like him—who make up about 75 percent of bullion deliveries—remain central to the sector’s continued growth.
Business
Alfred H Knight Shows Interest in Zimbabwe’s Metals and Minerals Sector
Global inspection and technical consultancy firm Alfred H Knight has signalled its intention to expand into Zimbabwe, a move expected to boost investment in the country’s mining industry.
The company, known worldwide for its work in inspection, analysis and advisory services for the metals and minerals trade, recently sent a delegation to Zimbabwe to explore business opportunities. During their visit, company representatives commended the country’s improving investment environment and its openness to international investors.
Regional Business Development Manager Jonas Kamonere said Zimbabwe’s stable investment climate under the current administration makes the country an appealing location.
“We appreciate the investment environment that has been established by the new leadership,” he said.
Kamonere added that Zimbabwe’s rich mineral endowment—including precious metals, gemstones, base metals and industrial minerals—positions it as a significant market for the company.
From the Asian division, Business Development Manager Simon Sun highlighted that Zimbabwe’s mineral deposits offer strong revenue-generating potential. He noted that ongoing government efforts to encourage foreign investment in mining are likely to yield positive economic results.
“Zimbabwe is a strategic market when you look at the mineral wealth beneath its soil,” Sun said.
The company’s interest reflects confidence in government policies and its commitment to building a supportive business environment. Sun also emphasised that the favourable operating conditions make Zimbabwe a competitive choice for international investors.
Alfred H Knight provides a range of services essential to the metals and minerals supply chain, including sampling, weighing, laboratory analysis and quality control. The firm also offers technical consulting on mineral processing, plant design and operational efficiency, promoting responsible and sustainable mineral production.
With more than 140 years of experience and operations in at least eight African countries—such as Angola, Botswana, the DRC, Mozambique, Namibia and South Africa—the firm has a strong international presence across more than 60 countries.
The company’s entry into Zimbabwe is expected to stimulate economic activity by creating jobs, supporting local industries and encouraging further foreign investment. The government will also benefit through increased tax revenue and royalties.
The interest shown by Alfred H Knight further demonstrates that initiatives under the Second Republic—such as tax incentives, regulatory reforms and improvements to transport and communications infrastructure—are helping to attract global players to Zimbabwe’s mining sector.
Business
ZIMRA REMINDS TAXPAYERS TO SUBMIT FOURTH QUARTER PROVISIONAL RETURNS
Harare, Zimbabwe 11 December 2025: The Zimbabwe Revenue Authority (ZIMRA) has urged all taxpayers earning income from business or investments to submit their Fourth Quarter Provisional Tax Returns and settle payments for the 2025 tax year on time.
All taxpayers deriving income from business or investments, including self-employed professionals such as architects, engineers, legal and health practitioners, and real estate agents.
Submission of Fourth Quarter Provisional Tax Returns and payment of the corresponding tax. Taxpayers are also advised to reconcile any shortfalls from previous quarters or settle outstanding arrears.
Returns are due by 15 December 2025, while payments must be made on or before 20 December 2025.
At the nearest ZIMRA offices or through the online Taxpayer Revenue Management System (TaRMS).
ZIMRA said the reminder aims to encourage voluntary compliance and ensure all taxpayers meet their obligations under the Self-Assessment System, which now includes certain self-employed professionals previously paying presumptive tax.
Taxpayers should calculate provisional tax by estimating annual tax liability, apportioning income and expenses, converting excess USD income to ZWL, and applying the 35% rate for the fourth quarter.
ZIMRA also thanked taxpayers who have already submitted returns and payments, encouraging continued compliance in future years. Taxpayers facing challenges are urged to consult the nearest ZIMRA office for assistance.
“My Taxes, My Duties: Building My Zimbabwe,” the authority said, wishing all residents happy holidays.
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