Telcom revenues jump 20pc

Enacy Mapakame Business Reporter Zimbabwe’s mobile operators have continued on a growth trajectory with 2018 second quarter revenue increasing by 19,7 percent to $292,9 million compared to the previous quarter on growth across the board. Figures from regulator, Postal and Telecommunications Regulatory Authority (Potraz) show that mobile internet, data traffic, …

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Govt mulls more funding options

Africa Moyo Senior Business Reporter GOVERNMENT is considering a number of funding options for distressed firms, including crowdfunding and setting up a Venture Industrialist Fund, in a bid to accelerate the re-industrialisation programme aimed at creating more decent jobs for citizens. Crowdfunding is loosely defined as a method of raising …

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Environmental crimes boost terrorists in Africa

Climate Story Jeffrey Gogo ENVIRONMENTAL crimes such as wildlife trafficking and illegal logging have overtaken the drug trade as the major income source for militias and terrorists in the DRC, Kenya, Mali, Somalia and elsewhere around the world, accounting for more than a third of their revenue. A new report …

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Unemployment rate at its lowest since 1969

The United States Labour Department released its official hiring and unemployment figures for September on Friday, providing the latest snapshot of the American economy. An eight-year recovery makes the labour market tight. The unemployment rate fell to a nearly five-decade low in September, punctuating a remarkable rebound in the ten …

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NSSA pardons defaulting employers

THE National Social Security Authority (NSSA) has extended a three-month amnesty to unregistered and defaulting employers to regularise their contributions. BY FIDELITY MHLANGA It’s a statutory requirement for every employee working in Zimbabwe to be covered under the country’s social security scheme administered by NSSA. The window, under which penalties …

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Hippo Valley assures of sweet times ahead

Sugar milling company Hippo Valley achieved an operating profit of $17 million for the year ended March 31, 2018, up from $13,4 million in the prior year. Sydney Mutsambiwa This was buoyed by continued growth in local market sales assisted by the refineries which increased availability of refined sugar for …

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Simbisa brings Haefelis to Harare

Zimbabwe Stock Exchange-listed (ZSE) fast foods operator Simbisa Brands has launched Haefelis brand at the Chisipite Food Court in Harare, alongside other flagship brands, such as Pizza Inn, Creamy Inn and Chicken Inn. BY STAFF REPORTER The fashionable and classy shop is a third in the country but first in …

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Monetary measures could stabilise currency, but drive inflation

THE monetary policy measures announced earlier this week could help strengthen currency and bring down parallel market rates as officially hoped. But they could also further undermine price stability and exacerbate the crisis, according to analysts. BY FIDELITY MHLANGA Reserve Bank of Zimbabwe (RBZ) governor John Mangudya announced a set …

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‘Zimra can raise over $8bn on increased tax compliance’

THE Zimbabwe Revenue Authority (Zimra) has potential to raise over $8 billion if it could achieve 100% tax compliance, over double the current rate, the Zimbabwe Coalition on Debt and Development (Zimcodd) has said. BY MTHANDAZO NYONI Zimra is currently at around 30% tax compliance, but has still to surpass …

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Water saving tips

What people can do in the homes? Using buckets when watering flowers or gardens Timely repair of leaking taps and toilet cisterns Watering lawns only when necessary Using cups or glasses when brushing teeth instead of using running taps Rain water harvesting Bathing using buckets and not showers Recycling water …

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