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Kudzanai Gerede

Mobile Networks Reap Increased Data Gains During Lockdown

Strict enforcement of Covid-19 lockdown regulations during the second quarter of 2020 increased mobile data usage to record levels and sustained a 45.8 percent revenue increase to ZWL$3 billion from ZWL$2.1 billion recorded in previous quarter for the county’s mobile network operators, a latest sectorial report shows. During the period, other revenue heads such as […]

Zanu PF, ANC In Good Books- ED

President Emmerson Mnangagwa has stressed that all is well between his Zanu PF party and South Africa’s ruling ANC amid widespread reports that the sister revolutionary parties had clashed over the handling of the purported crisis in the country. Addressing party delegates at the opening of the 13th Central Committee Session in Harare this morning, […]

Nigerian Property Start-Up Eyes Zim Market

One of Nigeria’s biggest online real estate companies, PropertyPro.ng is set to expand its operations into the Zimbabwean market, promoting virtual sales, rent and leases of property, 263Chat Business has learnt. PropertyPro.ng was established in 2017 after its holding company ToLet.com acquired Jumia House Nigeria, a subsidiary of pan-African e-commerce giant, Jumia.com. The acquisition entailed […]

2021 Farming Season Preps In Shambles

Preparations for the 2020/21 farming season are in dire state with most farmers yet to complete land preparation and sourcing of inputs due to high costs and lack of access to capital, 263Chat Business has established. Despite weather experts anticipating improved rainfall this season the cost structures within the production value chain remain far from […]

Firm Tobacco Prices Rescue TSL Limited Results

Diversified group, TSL Limited suffered a sharp drop in tobacco volume at its auction floors during the quarter ending 31 July 2020 due to chaotic marketing season preparations within the industry. However, firmer tobacco prices for the current year ensured that the Group remained profitable despite setbacks. The 2020 tobacco marketing season got on to […]

Zim Dollar Gains Third Week Consecutively

The Zimbabwe Dollar (ZWL) marginally strengthened by 1.2 percent against the American dollar (USD) to settle at ZWL$ 81.7/USD in the latest foreign currency auction conducted this afternoon marking a third consecutive gaining streak. Last week the ZWL netted a weighted average rate of ZWL$ 82.7/USD as the foreign currency auction system continued to pay […]

Extension Of Business Hours Excite Retailers

Government decision to extend business operating period from 6.30 am to 6.30 pm under the Covid-19 lockdown regulations have brought great relief to the retail sector which is still struggling to recover lost business since the imposition of tighter measures in March. Prior to the announcement yesterday, businesses were only limited to 8 hours of […]

BAT Earnings Up Despite Drop In Sales Volume

Despite a three percent drop in sales volumes during the half year trading period to June 30, 2020 for listed tobacco processor, British American Tobacco (BAT), gains from price adjustments and cut-rag exports earned the company a 22 percent gross profit increase from comparable period  last year. The company sales yielded to the deteriorating economic […]

Zimra Close In On Omalayitsha

The Zimbabwe Revenue Authority (Zimra) has unearthed massive under-declaration of goods at the Beitbridge border post by cross-border transporters otherwise known as Omalayitsha who are abusing the authority’s pre-payment and pre-clearance system to under declare goods. The phenomenon which could have prejudiced the tax authority of substantial amounts has since been detected and as of […]

Vendors Make Brisk Business Out Of Selling US$1 Notes

Traders Along the busy sidewalks of Harare are doing brisk business out of selling US$1 notes to various business players who are struggling for change by setting premiums of between five and seven percent per US$ 100, 263Chat Business has learnt. Since government revoked the ban on trading in foreign currency for local transactions in […]