Business

Voice traffic contracts as data usage surges

THE country’s telecommunications sector experienced a decline in voice traffic during the second quarter of 2024, while data and internet usage surged, highlighting a consumer shift toward data-centric services, according to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz). The trend aligns with the Zimbabwean government’s goal of achieving a digital economy by 2030,…

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No harsh weather conditions expected: MSD

By Brandon Josphat josphatb@dailynews.co.zw THE Meteorological Services Department (MSD) says the country will not experience harsh weather conditions which are expected to affect neighbouring South Africa. This comes after the South African Weather Service (SAWS) has implored the public to remain vigilant as October and November could be affected by heatwaves, severe storms and the…

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AMA to introduce electronic system for inputs distribution

By Masimba Makwembere THE Agricultural Marketing Authority (AMA) is set to introduce an electronic data capturing system for all farmers who will be given inputs ahead of the 2024/2025 cotton season. In a statement yesterday, AMA chief executive officer Clever Isaya urged farmers to go and register under the new system. “This year, the authority…

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Tongues wagging over $4m robbery

By Rutendo Ngara ECOBANK says it is working closely with law enforcement agents to ensure that the armed robbers who stole US$4 million from its Parkade Branch in Bulawayo on Friday are brought to book.  This comes as tongues continue to wag over the brazen robbery, as well as the amounts involved — after the…

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‘Government between a rock and a hard place on prices crisis’

AUTHORITIES are caught between the proverbial rock and a hard place with regards to whether they should continue with the country’s current multi-currency system or solely use the ZiG. So says top economist Prosper Chitambara, who adds that given this dilemma and the current economic situation in the country, it is probably advisable for Zimbabwe…

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Hope that prices crisis will end

BY BRANDON JOSPHAT THERE is hope that the price hikes that were experienced over the past few months are now behind the nation, the president of the Confederation of Zimbabwe Retailers (CZR), Denford Mutashu, has said. Speaking to the Daily News On Sunday at the weekend, following last week’s indaba between the government and key…

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Parliament demands clarity on ZiG devaluation

PARLIAMENTARIANS have demanded that Finance minister Mthuli Ncube should produce a ministerial statement explaining the devaluation of the ZiG despite rising global gold prices. The country’s structured currency introduced in April was devalued by the Reserve Bank of Zimbabwe (RBZ) last week from just under 14 to the US dollar to nearly 25. Raising a…

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Tshinga Dube to be buried at national shrine

THE family of the late veteran nationalist and former Makokoba legislator, Tshinga Dube, who passed away on Thursday at the age of 83, says he will be buried at the National Heroes Acre, notwithstanding his Lady Stanley Cemetery wish. Bulawayo’s Lady Stanley Cemetery is a shrine reserved for luminaries who would have made significant contributions…

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Zera reviews fuel prices

THE Zimbabwe Energy Regulatory Authority (Zera) has reviewed fuel prices downwards in foreign currency and upwards in local currency. Diesel in local currency was trading at ZiG 21.57 and will now be costing ZiG38.03 per litre. In foreign currency, diesel was trading at US$1.55 and will now cost US$ 1.50 per litre. Petrol in local…

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Business

Pay your taxes: SMEs challenged

THE government has challenged small-and-medium enterprises (SMEs) to pay their taxes to the Zimbabwe Revenue Authority (Zimra) and other relevant entities to boost their businesses’ operations. Addressing the media in Harare yesterday at the SMEs international expo, Small and Medium Enterprises Development minister Monica Mutsvangwa commended SMEs for playing a critical role in growing the…

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