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Business
Mobile Telephone Revenue Up 36 % In 2018
Annual mobile telephone revenue increased 36 percent to $ 1. 155 754 561 in 2018 from $849,880,489 recorded in 2017 as operating costs also scaled up by 25.3 percent to $660,599,344 during the same period, latest Postal and…
ZTA To Automate Payment Systems
The Zimbabwe Tourism Authority (ZTA) will embark on an automated payment system for the tourism sector in the next three months as it seeks to curb financial leakages, Acting ZTA chief executive officer, Rita Likukuma has said.
The…
$ 50 Million Availed Towards Floods Disaster From 2% Tax
Government has availed RTGS$50 Million from the 2 percent intermediary tax towards the rescue, rehabilitation and restoration of infrastructure and services in Manicaland province following the devastating effects of cyclone Idai.
As of…
Massive Economic Losses In Manicaland, as Flood Misery Continues
Hundreds of millions of dollars worth of infrastructure, livestock and agricultural produce have been destroyed in Manicaland and parts of Masvingo provinces in the past three days due to heavy rains and gusty winds from cyclone Idai, with…
Econet Sets The Record Straight
Econet Wireless has issued a statement denying reports that its network faces collapse due to the non-payment of a foreign debt to a network platform supplier.
“Econet Wireless is aware of an inaccurate message doing the rounds on some…
Young Entrepreneurs Demand Youth Quota In Govt Tenders
Young entrepreneurs in the country have pleaded with government to set aside a quota in all public procurement processes saying they are finding it tough to compete with established entities.
This came out at the inaugural Youth Indaba…
RTGS Dollars To Eliminate Multiple Pricing: RBZ
Reserve Bank of Zimbabwe (RBZ) has revealed that the formal use of the Real Time Gross Settlement (RTGS) dollars as a unit of account and settlement currency will help eliminate multiple pricing and other distortions; while preserving…
Tobacco Auctioneers Call For Exemption Of 2 % Transaction Tax
Service providers to the tobacco industry have requested for an exemption from the two percent tax on electronic transfers introduced by Government last year.
This comes amid fears that they might pass on the 2 percent tax burden to the…
EcoSure Partners With MARS To Introduce Ambulance Service
Cassava Smartech Zimbabwe’s EcoSure insurance business has unveiled a package that will offer its customers access to ambulance services from MARS.
The package, which was launched today by EcoSure in partnership with MARS, will allow…
Zim Currency Reforms: Old Mutual Left Counting Losses
Currency reforms undertaken by Zimbabwe during Third Quarter of 2018 have left Old Mutual Limited, the holding company of Old Mutual Zimbabwe counting losses, the company's latest results published Monday reveal.
The South African…