© Despite government declaring that bond notes, coins and RTGS$ are at par as the newly introduced Zimbabwe dollar, some individuals and business entities continue rating the currency by charging a premium on electronic money, perpetuating the multi-tier pricing system, the Daily News on Sunday can report. [GoogleAd] Last week, the government —through Statutory Instrument…
© INFORMATION and Communication Technology (ICT) minister Kazembe Kazembe says government has so far established 146 community information centres (CICs) across the country in an effort to grow the economy. Speaking at the launch of Beitbridge community information centre, Kazembe said government has identified ICTs as one of the pillars and cornerstones for economic development….
MEIKLES Limited (Meikles) says it has been forced to postpone the publishing of its 2019 financials due to government’s decision to abolish the multi-currency regime. Meikles company secretary Thabani Mpofu, yesterday, said the group has since been granted a 30-day extension by the Zimbabwe Stock Exchange to allow for due process. [GoogleAd] “The publication of…
© CAMBRIA Africa has commenced legal action against the Bankers Association of Zimbabwe for US$100 million in damages for anti-competitive practices against its subsidiaries Payserv Africa and Paynet Zimbabwe. This comes after the bulk payments service provider last month suspended its payment service to its bank customers in Zimbabwe, accusing the banks of greed by…
© BORDER Timbers says its lumber production during the nine months to March 2019 was considerably lower on the prior comparable period due to disruptions caused by Cyclone Idai. The forest estates and saw-milling company, which is currently under administration, produced a total of 52 889 cubic meters of timber during the period under review,…
ZIMBABWE’S shock move to abolish the multi-currency system last week helped the country avoid a potential “catastrophe”, businessman Shingi Munyeza has said. The southern African country last week gazetted Statutory Instrument 142 of 2019, which outlawed the multi-currency regime and re-introduced the local dollar that was demonitised in 2008 after reaching astronomical levels of hyperinflation….
AFRICAN Sun Limited (ASL) says its revenues rose by 131 percent to $48,3 million in the five months to May 2019. Edwin Shangwa, the listed hotelier’s chief executive said the revenue in the period under review was split as 56 percent and 44 percent between domestic and foreign respectively. He added that occupancy for the…
© TELONE says its revenue during the first five months of 2019 went up 62 percent to $79 million compared to $48,6 million recorded same period last year. [GoogleAd] The state-owned integrated telecommunication firm said for the first time in three years, earnings before interest and taxes (EBIT) profit of $1 million from a negative…
© TSL says its net profit for the six months to April 2019 was at par with the previous period despite a considerable decrease in tobacco sales. [GoogleAd] The listed agro-industrial concern recorded a net profit of $12,4 million regressing marginally from a profit of $12,9 million, which was recorded in the previous comparable period….
© NETONE, Zimbabwe’s second largest mobile network service provider, has partnered with Elevate Trust to capacitate 75 software developers in the international Google Certification Programme. [GoogeAd] The partnership was launched in Bulawayo and marks another feat for NetOne, as a development oriented company with impetus on empowering the youth. Google a subsidiary of the Alphabet…
