Monday, 31 October 2016
CBZ begins $12m Vic Falls housing project
SERVICING of roads and sewer infrastructure under the CBZ Holdings $12 million housing project in Victoria Falls has started with the financial institution saying actual work on housing structures will start in March next year.
The bank unveiled a $12 million housing project in the resort town targeting close to 1 174 residential stands as part of its efforts to complement Government’s efforts to provide houses to low income earners.
Of these about 1 008 will be high density and the remaining 166 stands being medium density housing in line with the financial institution’s strategy to deliver low cost housing.
The housing project covers the Buffer Zone between Mkhosana and Chinotimba suburbs as well as along Victoria Falls-Kazungula Road and south of Mkhosana.
CBZ Holdings chief executive Mr Never Nyemudzo led a team from the bank on a tour of the project last week accompanied by municipality housing director Mr Lot Siatimbula.
He said all the stands had been taken and the bank was now working on mortgages for beneficiaries who will soon be announced once the process is completed.
“We came to assess progress to see how far we have gone with roads, sewer and water and to see how many people from the waiting list have been forwarded to the bank. I am glad to announce that all stands have been taken up.
“When we launched in July we made some promises and we can only achieve these by monitoring progress. So far tremendous progress has been made as we have opened roads everywhere and out of the 15km we are supposed to do, 8km has been worked on,” said Mr Nyemudzo.
The roads have been surfaced with the first two bases before the final surface.
Workmen are busy on the ground laying storm drain pipes, surfacing roads and clearing land.
Engineers said they managed to get material for the first two bases from within a 12km radius casting fears the project was going to be costly because of unavailability of material due to the type of soils around Victoria Falls.
Mr Nyemudzo assured beneficiaries that the project would be successful after teething problems that threatened it were solved when the bank, municipality and residents’ leaders convened.
“What’s important to residents is our promise to deliver a quality product and the kind of progress made so far should bring confidence to them.
We are happy with progress and some of the residents that have been assessed. The challenges were only a question of communication breakdown and that has been ironed out,” he said.
He added: “The actual servicing of the stands could start in March next year depending on the municipality approving completed stages and parallel development.”
Mr Siatimbula said he was happy with progress so far.
“Construction is a process involving what we call pre-construction, which can last about five months and we should also consider the rainy season.
As a municipality we have no problem with parallel development,” he said.
CBZ has channelled $70 million towards various low, medium and high density housing schemes as a private developer or in conjunction with municipalities across Zimbabwe.
CBZ developed more than 1 000 stands in Gweru and also serviced residential stands in the Grange in Harare, Chikanga in Mutare, Mbizo in Kwekwe, while similar plans are underway in Bulawayo and Marondera as the bank seeks to contribute to housing delivery as espoused in the country’s economic blueprint, Zim-Asset.
The national housing backlog is more than 1,2 million. The housing waiting list in Victoria Falls currently stands at 15 000.
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Source: CBZ begins $12m Vic Falls housing project (31/10/16)
Monday, 24 October 2016
ZC shelves ambitious Vic Falls stadium plan
ZC chairman Tawengwa Mukuhlani said the project would only be pursued once they get partners to assist financially.
ZC first undertook to build the country’s third Test ground in 2011, with a view of complementing the Harare Sports Club and Queens Sports Club in Bulawayo after the Victoria Falls Town Council had granted planning approval for a stadium near the iconic waterfalls.
Mukuhlani told Chronicle Sport that construction of the stadium was not part of his board’s priorities.
“There’s nothing on the cards with regards to the Victoria Falls stadium. As ZC, we don’t have finances to pursue that project. We’re going through a lean period in terms of finances. Unless we get partners, I don’t see ourselves embarking on that project anytime soon,” said Mukuhlani.
His predecessor, Wilson Manase, had in 2014 given the impression that they had laid some groundwork to source funding for the construction.
“We cannot divulge many details on where exactly the funds will come from at this stage, but we are hoping to get some help from sponsors and other partners. This is a big project that will help our game grow and we can spread it to other parts of the country. We have major sporting events happening here like the marathon and we have had sevens rugby here so we want to have cricket in this town. With so many tourists frequenting the area, we can also sell our game,” Manase said then.
The proposed stadium was going to have a seating capacity of 12 000 and architects had presented a plan, which included a clubhouse.
Former ZC chief executive officer Ozias Bvute said the Victoria Falls stadium was going to promote sport tourism, while ex-chairman of selectors Alistair Campbell said the venue would become an alternative to international tournaments that are held in Dubai.
A ground breaking ceremony was held at the site just off Pioneer Road in Victoria Falls’ industrial site between the railway line and Chinotimba suburb in October 2014, but nothing went beyond the event. Mukuhlani’s comments suggest the ZC Victoria Falls cricket ground dream has been reduced to a heap of its ambitions.
Victoria Falls has, however, been earmarked to host an International Cricket Council meeting in 2022.
Source: ZC shelves ambitious Vic Falls stadium plan (20/10/16)
Victoria Falls Bits and Blogs (2nd July 2010) Zimbabwe to build Test ground at Victoria Falls.
Victoria Falls Bits and Blogs (10th June 2011) Plans approved for Victoria Falls ground.
Victoria Falls Bits and Blogs (2nd October 2014) Vic Falls cricket stadium on course.
Victoria Falls Bits and Blogs (2nd October 2014) Mugabe to officiate at ground-breaking for 10 000-seater
Victoria Falls Bits and Blogs (6th January 2016)
Victoria Falls Bits and Blogs (24th October 2016) ZC shelves ambitious Vic Falls stadium plan.
The plans were resurrected in 2024 as part of the Masuwe Special Economic Zone development proposals. Construction started in May 2024. Read more on the Keep Victoria Falls Wild website.
Friday, 21 October 2016
Victoria Falls Residents Petition Council
Monday, 17 October 2016
Shock As Two Vic Falls Hotels Are Hit With $5,3m Tax Bill
The 112-year-old Victoria Falls Hotel, owned by Emerged Railway Properties — a joint venture between the National Railways of Zimbabwe and Zambia Railways — and jointly managed by African Sun and Meikles Africa, owes the bulk of the bill at US$4,1 million.
Victoria Falls Lodge, a privately-owned lodge in Zambezi National Park, is said to owe Zimra US$1,3 million in unpaid taxes. More hotels are under investigation and could have tax bills sent to them soon. The bulk of the unpaid taxes are said to have accrued over five years through to 2015.
Zimra says the hotels were not paying withholding tax on commissions and value added tax on food sold to foreigners as part of accommodation packages. Although the law that made the 15 percent VAT on food paid for by foreign visitors became operational at the beginning of the year, Zimra has backdated the obligations to 2010.
The hospitality sector says it had earlier agreed with the taxman to zero-rate the food. A report compiled by ZCT entitled “Zimra taxation: Effect on the tourism industry” accuses Zimra of unleashing “terror” at a time when the industry is facing high statutory, labour and utility costs.
“Since July 2016, the Zimra has unleashed terror on the tourism operators particularly those in Victoria Falls for what they deem as ‘unpaid taxes’ dating back from 2010 to 2015.
“Victoria Falls Safari Lodge was given a bill of US$1 260 000 (while) Victoria Falls Hotel was given a bill of US$4 100 000. Other industry players are currently under examination and they may also be slapped with huge bills,” said the ZCT report.
Apart from lobbying through the Tourism and Hospitality Industry Ministry, the council also wants to engage the Office of the President and Cabinet, which is superintending reforms to simplify doing business in Zimbabwe.
Haggle over laws
The major source of the clash between Zimra and ZCT stems from the difference in interpreting the law, especially on commissions that are supposed to be paid to the former.
While Zimra insists that the hospitality industry has to pay commission on the extra charge (net rate) levied on customers above the recommended or guiding price (rack rate) for products, experts say the difference usually accrues to tour operators.
In 2010 Zimra dragged tourism players to the Fiscal Appeals Court to force them to pay the commissions, but withdrew the case in January 2016. Tax authorities are said to have lost a similar case they had brought against the hunting sector in 2003.
ZCT is also annoyed that Zimra seems to be seeking to arbitrarily revise a position agreed six years ago that tax could not be charged on the food component integrated in accommodation packages for foreign tourists. The tourism sector says it “sought and got” written confirmation from Zimra that food so paid for would be zero-rated.
Zimra is said to have also confirmed this position with Ernst & Young — the tourism industry’s tax consultants — and communicated the position to stakeholders in 2010. But it now claims that the tourism industry “cannot rely on previous Zimra determinations”.
“In the above circumstances, Section 41 (liability for tax in respect of certain past supplies or importations) of the value added tax Act, stops Zimra from charging the VAT retrospectively. The current operations by Zimra are in contravention of the statutes,” the ZCT report adds.
There are concerns that should the issue go to the courts, it will drag for a long time. Zimbabwe is not the only country charging VAT on foreign accommodation as other countries such as Angola (10 percent), Malawi (16,5 percent), Mozambique (17 percent), Tanzania (20 percent) and Zambia (16 percent) do likewise.
South Africa, which exempts VAT on accommodation, has a tax reimbursable policy on all tourists on departure. Tourism Minister Dr Walter Mzembi told The Sunday Mail Business that his views on the contentious tax had not changed.
In an article published by ZimTravel — a Zimpapers magazine — Dr Muzembi said the sector had not sufficiently recovered to be a laden with an additional tax that would add to the cost of doing business.
“We have done a benchmark study of other countries in the region and the conclusion is that most do, in actual fact, charge VAT on foreign accommodation with variations observed on the quantum of the percentage charge.
“However, Zimbabwe is emerging from a different background of debilitating (European Union) economic sanctions applied over the last 15 years only repealed in November 2014 with the Zimbabwe Democracy and Recovery Act from the US still in force.
“Zimbabwe still needs to win the perception war altogether in its traditional source markets and hence, needs to, over much more than hospitality and products, to regain its overall competitiveness,” ZimTravel quoted Dr Mzembi saying.
The 1988 Sales Tax Act recognised tourism as an exporter and zero-rated accommodation services in Zimbabwe to encourage FDI and enhance arrivals. In 2003, the Finance Ministry exempted the sector again when VAT was introduced to grow tourist arrivals into the country and benefit the downstream industries.
Dr Mzembi said South Africa had an almost US$13 billion tourism economy because of favourable policies such as exempting VAT on accommodation. state media
Source: Shock As Two Vic Falls Hotels Are Hit With $5,3m Tax Bill (15/10/16)
Saturday, 15 October 2016
Shearwater to expand regional footprint
Formerly a division of Innscor Africa Limited, the company presently has operations in Zimbabwe, Zambia and Botswana.
Shearwater group public relations manager Clement Mukwasi said plans were afoot to expand its regional footprint.
“We want to expand into other countries we have not operated from before.
“We will soon be moving into Namibia, we will probably be moving to Angola. We carried a survey in DRC on their rivers in order to find out if we can actually do rafting there, so it is something that is still being incubated, but our expansion plans are unlimited,” he said.
“In the region we are looking at (investing) between $10 million to $15 million over five to seven years.
“Each destination has its own circumstances. Our activities will be coined according to what we find in an area,” he added.
Mr Mukwasi said an investment of about $5 million would be made on the local front in the next five years. The company has also ventured into accommodation facilities and is building a camp site, which will be completed by December this year, he said.
Established in 1982, Shearwater owns and operates most of the leisure activities available in Victoria Falls including helicopters, cruises, bridge activities, rafting, safari activities and restaurants.
The company has well-developed destination infrastructure and a team of over 250 staff members based in Victoria Falls, Livingstone in Zambia and Kasane, Botswana. In 2015, the company upgraded its vehicle fleet and has a wide variety of game drive vehicles, buses and micro-buses at its disposal for tours and transfer requirements.
Source: Shearwater to expand regional footprint (09/10/16)
Thursday, 13 October 2016
'Cross-border' elephants 'swim between Zimbabwe, Zambia'
Thursday, 6 October 2016
Vic-Falls joins World Tourism Cities Federation
The development is expected to help bolster Government efforts in reviving the country’s economy through rebranding sectors such as tourism.
The country’s prime resort town was recommended by the Zimbabwe Tourism Authority (ZTA) to join the 156 member-federation.
Victoria Falls Mayor Councillor Sifiso Mpofu yesterday told The Chronicle that the local authority was ready to partner ZTA in marketing the country.
“We have joined the federation since that is part of our mandate as a tourism town to market Zimbabwe. We would want to partner ZTA to market the country,” he said.
Clr Mpofu said joining the federation was a chance to spread awareness about Zimbabwe to attract more tourists.
The invitation came through the full council meeting last month ahead of a congress in China in which the Mayor was supposed to attend with all expenses fully paid for.
Clr Mpofu, however, said he could not attend the congress because the invite arrived late a few days before the congress.
“We could not make it but in future we will be part of the events as that will help us gain exposure as a destination,” he said.
Victoria Falls councillors had expressed support for the proposal for Victoria Falls to join the federation as the move would promote tourism in Victoria Falls and Zimbabwe at large.
The council resolved that the “municipality applies to join the World Tourism Cities Federation and that the council commences steps to conclude membership with assistance from ZTA.”
ZTA chief executive officer Mr Karikoga Kaseke confirmed the development but could not give further details as he was in a meeting.
Local authorities domiciled in tourism destinations meet under the federation’s banner to exchange information as they market the resorts in their areas.
Source: Vic-Falls joins World Tourism Cities Federation (05/10/16)