Business – 263Chat https://www.263chat.com Zimbabwean media organisation focused on encouraging & participating in progressive national dialogue Mon, 15 Jul 2019 15:54:14 +0000 en-US hourly 1 https://www.263chat.com/wp-content/uploads/2018/02/263-Chat-Website-Logo-01-3-01-100x100.png Business – 263Chat https://www.263chat.com 32 32 Super Cool Stuff Competition Gathers Momentum https://www.263chat.com/super-cool-stuff-competition-gathers-momentum/ https://www.263chat.com/super-cool-stuff-competition-gathers-momentum/#respond Mon, 15 Jul 2019 15:54:14 +0000 https://www.263chat.com/?p=51351

The Super Cool Stuff’s spot-the-ball promotion which will see winners walking away with a brand new Range Rover Sport car and US$20 000 is fast gathering momentum ahead of its launch on the 26 July and ending on the 2nd of August, 263Chat Business can reveal. Still in its pre-launch phase, the competition is already […]

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Telecommunications Sector Tinkers On the Brink https://www.263chat.com/telecommunications-sector-tinkers-on-the-brink/ https://www.263chat.com/telecommunications-sector-tinkers-on-the-brink/#respond Fri, 12 Jul 2019 13:19:36 +0000 https://www.263chat.com/?p=51267

A combination of an uncompetitive price tariff and mounting operational costs have hit hard on the country’s telecommunications industry players, with most of the key performance indicators in the latest industry regulator’s findings pointing in the red. According to the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), 2019 first quarter (Q1) report released early […]

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Improved Market Share Springs NetOne Back To Profitability https://www.263chat.com/improved-market-share-springs-netone-back-to-profitability/ https://www.263chat.com/improved-market-share-springs-netone-back-to-profitability/#respond Fri, 12 Jul 2019 08:56:51 +0000 https://www.263chat.com/?p=51246

Telecommunications giant, NetOne’s inroads to regain lost market share has yielded positive results, to posting a $ 10.2 million profit for the year ending 31 December 2018, as subscribers increased to 3.3 million from 2.6 registered in 2017. This was a strong rebound posting a historic $ 88 million turnaround from a loss position of […]

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Zim Hotels To Benefit From US$300M Injection https://www.263chat.com/51237-2/ https://www.263chat.com/51237-2/#respond Fri, 12 Jul 2019 08:09:33 +0000 https://www.263chat.com/?p=51237

Zimbabwean hotels are set to benefit from a bumper US$300 million capital injection, a move which will likely boost the resurrection of the industry and help foster economic growth. According to the latest research from Cape Town-based hospitality analyst, Wayne Troughton, of HTI Consulting, who will also be a keynote speaker at this year’s ZimReal Property […]

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MDC Scoffs At Mthuli Ncube’s Surplus Claims https://www.263chat.com/51206-2/ https://www.263chat.com/51206-2/#respond Thu, 11 Jul 2019 14:56:42 +0000 https://www.263chat.com/?p=51206

The opposition Movement for Democratic Change (MDC) has scoffed at claims by Finance and Economic Development Minister, Mthuli Ncube that the country, for the first time in years, recorded a budget surplus. Earlier this year, Ncube revealed that the government achieved half a million dollars in surplus for the half year of 2019. However speaking […]

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MDC Unleashes New Policy Document https://www.263chat.com/mdc-unleashes-new-policy-document/ https://www.263chat.com/mdc-unleashes-new-policy-document/#respond Thu, 11 Jul 2019 14:54:44 +0000 https://www.263chat.com/?p=51214

The opposition Movement for Democratic Change (MDC) today launched its new policy document dubbed; “RELOAD” which articulates the party’s five point plan towards addressing the economic crisis bedeviling the country. The acronym, RELOAD, which stands for Road to Economic Recovery, Legitimacy, Openness And Democracy succeeds the party’s 2018 election campaign blueprint, dubbed SMART. Key to […]

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Diamond Cutting Centre To Anchor Mutare’s Special Economic Zone https://www.263chat.com/diamond-cutting-centre-to-anchor-mutares-special-economic-zone/ https://www.263chat.com/diamond-cutting-centre-to-anchor-mutares-special-economic-zone/#respond Thu, 11 Jul 2019 13:54:11 +0000 https://www.263chat.com/?p=51204 www.263chat.com

MUTARE- A diamond cutting and polishing centre will headline the US$175 million special economic zone set to be established in Mutare, officials have said. By Donald Nyarota Zimbabwe’s first public SEZ outside Harare and Bulawayo will be developed 12 km south east of Mutare city on a 90 hectare plot, to promote value addition of […]

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Zim Businesses Eye Zambian Market https://www.263chat.com/zim-businesses-eye-zambian-market/ https://www.263chat.com/zim-businesses-eye-zambian-market/#respond Wed, 10 Jul 2019 11:57:42 +0000 https://www.263chat.com/?p=51083

At a time local businesses have struggled to establish a sound footing in the regional export markets, Zimbabwe is shifting its focus towards expanding into the neighboring Zambia, one of the fastest growing economies in the region. Currently, Zimbabwean businesses have only contributed one percent to Zambia’s total imports with South Africa the most dominant  […]

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Concerns Over Special Economic Zones Delays https://www.263chat.com/concerns-over-special-economic-zones-delays/ https://www.263chat.com/concerns-over-special-economic-zones-delays/#respond Tue, 09 Jul 2019 10:31:00 +0000 https://www.263chat.com/?p=51056

There is growing concern amongst a wide spectrum of business players over the lackluster implementation of Special Economic Zones, which despite coming into operation last year, progress in the selected areas has remained unsatisfactory, 263Chat Business has learnt. Special economic zones are strategically selected locations, given incentives for companies that come and operate such as […]

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Paynet, Bank Standoff Wages On https://www.263chat.com/paynet-bank-standoff-wages-on/ https://www.263chat.com/paynet-bank-standoff-wages-on/#respond Mon, 08 Jul 2019 14:14:42 +0000 https://www.263chat.com/?p=51026

Electronic payments system service provider, Paynet Zimbabwe’s protracted wrangle with local banks over unpaid invoices for services rendered amounting to US$ 470 000 has taken a new twist with the tech company instructing its legal practitioners, Titan Law, to commence legal action against Bankers Association of Zimbabwe, 263Chat Business has learnt. Paynet wants damages of […]

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