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Econet Fourth Quarter Traffic Volumes Tumble

Leading mobile telecommunications company, Econet Wireless Zimbabwe saw traffic volumes for all its communication platforms- voice call, data and short message service (SMS) plummet owing to an upward tariff adjustment put in place last October. In its latest trading update for the nine months to November 2019, the company endured a traffic decline in voice […]

ZSE Hosts SADC Stock Exchanges Meeting

The Zimbabwe Stock Exchange (ZSE) is set to host the 57th committee of the Southern African Development Community (SADC) Stock Exchanges- CoSSE, from the 11th to the 13th of March in Victoria Falls, 263Chat Business has learnt. Representatives from the sub-region’s bourses will also have a meeting with Stockbrokers to discuss developments and foster mutually […]

December Inflation Eases To 16.6 Percent

Month-on-month inflation for December as measured by the all items Consumer Price Index (CPI) was 0.91 percent slower than the previous month of November closing at 16.55 percent, latest data from Zimbabwe National Statistics Agency (Zimstat) shows. The CPI for the month ending December 2019 stood at 551.63 compared to 473.28 in November 2019. Month-on-month […]

Gold Production Up 24 Percent At Blanket Mine

An improvement in electricity supply in the quarter ending December 31, 2019 has seen Caledonia Mining Corporation Plc recording 24 percent growth in gold production at its Blanket Mine. According to the company, approximately 16,876 ounces of gold were produced during the quarter, exceeding the previous production record of 16,425 ounces set in the final […]

Government Under Fire Over 2020 National Budget

GOVERNMENT has come under scrutiny after its statistics in the pre-budget strategy paper failed to tally with those in the 2020 national budget and the blue book. By Tarisai Mhlanga In its analysis of the 2020 national budget, the Zimbabwe Coalition on Debt and Development (ZIMCODD) said the statistical variations were worrying. “In the recent […]

263Chat End Of Week Business Round Up:

The week opening coincided with the start of business in the New Year and as expected, it opened on a lukewarm note as most companies are yet to operate at full throttle with momentum expected to gain in the coming week. However, notable was the resurgence of the fuel queues and in particular, petrol shortages […]

Govt, ADB Sign US$ 10.4 Million Tax Accountability Project Deal

The African Development Bank (ADB) has poured a total of US$ 10.4 million towards the Tax and Accountability Enhancement Project (TAEP) to be implemented by the government of Zimbabwe to strengthen revenue collection and accountability in the management of public funds. The project is targeting three institutions, the Zimbabwe Revenue Authority (ZIMRA), Parliament of Zimbabwe […]

NetOne Buoyant Of The New Year

Telecommunications giant, NetOne is bullish of its prospects in 2020 on the back of a host of promotions lined-up for its customers during the course of the year, 263Chat business can report. The country’s second biggest telecoms firm by subscriber base, gained 1.4 percent market share to reach 3.042 million customers third quarter 2019. The […]