THE Zimbabwe Revenue Authority (Zimra) says revenue performance remains on a positive trajectory, with gross collections for July hitting $406,13 million, which was 20,80 percent above target. Zimraâ€™s target for the month was $336,20 million.
Net collections were $372,58 million after deducting refunds amounting to $33,55 million, translating to a positive variance of 10,82 percent. In the same period last year, $286,49 million was realised, implying that revenue collections grew by 30,05 percent this year.
The All Share index closed the week on a high note gaining 0.96 points (0,85 percent) to settle at 114.18 points. British American Tobacco jumped up $0,2500 to close at $26,5000, Delta added $0,0526 to trade at $2,1153 and Innscor went up by $0,0370 to $1,3800. Cafca moved up $0,0099 to end at $0,7500 while Old Mutual rose by $0,0074 to settle at $5,2571.
Two counters lost ground; PPC Limited shed $0,0964 to close at $1,1000 and OK Zimbabwe was $0.0010 weaker at $0,2340.