THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says local voice and data tariffs remain the lowest in the region, even after the recent adjustments. The regulator recently approved a 95,39 percent increase on voice and data tariffs for both mobile and fixed network operators, saying inflation has made the previous tariffs that were…
ZIMBABWE’S nickel exports hit an all-time high of US$533 million in September this year, up from US$394 million during the 11 months to December 2018 due to increased global demand, latest official figures show. Data provided by the Zimbabwe National Statistics Agency (Zimstat) revealed that exports of the base metal reached a 33-month high of…
THE speed at which Africa is currently embracing technological disruption gives the feeling of a continent on a mission to make up for the time and opportunity lost during the 20th century. Zimbabwe is fast-forwarding itself into the 21st century, learning lessons from more developed economies and leapfrogging old technology to instead adopt new and…
THE Confederation of Zimbabwe Industries (CZI) says capacity utilisation is set to decline much more than expected this year as power shortages continue to impede productivity. In January, the industry representative body warned of a gloomy outlook for 2019, projecting that capacity utilisation would decline to 34,3 percent from last year’s 48,2 percent as economic…
THE Securities and Exchange Commission of Zimbabwe (SecZim) Seczim has blamed the central bank for failing to operationalise a US$5 million facility set up more than two years ago to ring-fence funds invested on local capital markets. Reserve Bank of Zimbabwe governor John Mangudya first announced the facility in 2017 as part of monetary policy…
THE Chamber of Mines of Zimbabwe (CoMZ) says miners continue to face power challenges despite entering into a special agreement with ZESA Holdings (ZESA) for ring-fenced power supply. ZESA says more than 20 companies from various sectors have signed up to the facility to avoid power cuts. “…but what has been happening is that mining…
OLD Mutual Securities (OMSEC) says investors should buy stocks from Axia Corporation Limited (Axia), African Sun Limited (ASL), Turnall, Padenga and OK Zimbabwe for better returns. This comes as the blue chip counters have traded exceptionally well in the third quarter at a time when most firms were failing to hold their own due to…
FALCON Gold Zimbabwe (Falgold) shares spiked to a four-year high in October after gaining 20 percent on the Zimbabwe Stock Exchange (ZSE) to close at three cents. In September, the ZSE lifted a seven-month suspension on trading of the company’s shares. Falgold had been suspended after it failed to publish its financials within the stipulated…
TRANSPORT minister Joel Matiza says the Civil Aviation Authority of Zimbabwe (CAAZ)’s restructuring exercise has delayed the appointment of a new board for the parastatal. Last year, government enacted Civil Aviation Amendment Act which will see the regulator stand alone and the establishment of a separate entity, the Airports Company of Zimbabwe. However, since the…
FINANCE minister Mthuli Ncube’s rosy growth projections for next year are unattainable — due to the country’s worsening economic climate, mounting fiscal pressures, waning investor confidence and continuing policy flip-flops, analysts say. This comes after the under-pressure minister said in his recent 2020 pre-budget statement that Zimbabwe’s economy would soon turn the corner and grow…
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