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After Pasi’s experience Government caps Zimra’s CG tenure

00After Pasi’s experience Government caps Zimra’s CG tenure HARARE – The results of the long awaited Zimbabwe Revenue Authority audit have made the headlines. And as largely expected there were a few surprises but nothing overly significant. The same happened with the NetOne report and in the private sector, though instigated by the regulator, with…

RBZ slashes bank charges to between 1-1.25%

00RBZ slashes bank charges to between 1-1.25% HARARE – The Reserve Bank of Zimbabwe has slashed bank withdrawal charges to between 1% and 1.25% of amounts withdrawn on ATMs and Over the Counter. In a statement last night, the RBZ said in order to align cash withdrawal charges to amount withdrawn, a proportional pricing model…

Restructuring, re-tooling pays off for Art Corp in F16

00Restructuring, re-tooling pays off for Art Corp in F16 HARARE – The successful restructuring and re-tooling of Art Holdings’ divisions saw the group report improved earnings in the year to September 30 with the trend expected to be supported by growing market share. Chief executive officer Tapiwa Ameer told an analysts briefing that factory automation…

EcoCash now processing Rand transactions

00EcoCash now processing Rand transactions HARARE – Econet Wireless Zimbabwe’s mobile money platform, EcoCash, has unveiled a Rand wallet which allows transactions in the South African currency only. The wallet will be separate from the USD wallet and customers will not be able to move money between the two wallets. EcoCash general manager Natasha Morris…

Life assurers NPW up 7% to $252 mln in Q3

00Life assurers NPW up 7% to $252 mln in Q3 HARARE – Life insurance companies net premium written grew 7% to $252 million from $237 million in the comparable year ago period but only three companies controlled 83% of the market. According to the Insurance and Pensions Commission’s report for the third quarter, the biggest…

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