https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-309685.mp3?cb=1735920824.mp3AdvertisementsTHE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has highlighted that the deployment of 5G network services across the country is setting the stage for significant technological advancements in fields such as telemedicine, smart agriculture, and e-government. Advertisements This comes as telecommunications giant NetOne recently launched a new 5G base station in Boka, Harare.…
AdvertisementsHOTELIER African Sun says it will go ahead with the disposal of several assets considered not essential to its future strategic focus as part of its capital raising initiatives to finance other growth areas.Advertisements This comes after the group last month agreed a cumulative US$7 million deal with TD Hotels & Leisure for the disposal…
AdvertisementsSUPERMARKET chain Choppies Enterprises (Choppies) has confirmed receipt of a US$1,8 million lump sum payment for blocked funds from the government of Zimbabwe aimed at settling outstanding obligations to foreign shareholders and restoring confidence in the business community. Advertisements Blocked funds refer to foreign currency earnings that externally based companies like Choppies had generated through…
AdvertisementsBy Kudzanai Gerede Companies and Markets EditorAdvertisements SUGAR producer Hippo Valley Estate (Hippo Valley) plans to spend US$15 million in the short-term to grow its business and return capital to shareholders, the company said at its 68th annual general meeting this week. The company has been battling unscheduled mill stoppages, a notable decline in yields,…
AdvertisementsFOLLOWING the 2024 Mid-Term Budget Review presented by the Minister of Finance, Economic Development and Investment Promotion, the Zimbabwe Revenue Authority (ZIMRA)’s Public Notice 71 of 2024 introduces significant updates on quarterly payment dates (QPDs) for income tax. Advertisements The notice provides detailed guidelines for taxpayers with income in both foreign currency and local currency,…
AdvertisementsFIDELITY Life Assurance of Zimbabwe (Fidelity Life) expects revenue in the second half of the year to remain predominantly in foreign currency despite an anticipated growth in local currency transactions in the economy.Advertisements In a statement accompanying its half-year financials, Fidelity Life’s chairperson, Livingstone Gwata, said whilst the acceptance of the ZWG increased across the…
Advertisements HIPPO Valley Estates has made remarkable progress in reducing its petrol and diesel consumption and subsequently tamed its carbon footprint during the fiscal year ending March 31, 2024 (FY 2024). Energy is crucial to the operations of Hippo Valley Estates, impacting both productivity and its environmental footprint. To address these issues, the electrical department…
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has once again demonstrated its commitment to giving back to the community, this time at Chivhu General Hospital.
AdvertisementsLOCAL diesel consumption edged up by a marginal 0,16 percent to 704,32 million litres in the first eight months of 2024, compared to 703,15 million litres in the same period last year, despite significant national and international events, latest data from the Zimbabwe Energy Regulatory Authority (Zera) shows. Advertisements The increased reliance on diesel-powered generators…
AdvertisementsTRANSPORT and logistics concern, Unifreight Africa (Unifreight) significantly reduced borrowings during the six months to June 30, 2024 to ZWG31,1 million, a 39,5 percent decline from ZWG51,7 million in December 2023. Advertisements The sharp decline in debt levels reflects a strategic pivot towards maintaining financial stability and minimising the risks associated with excessive leverage in…
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