Merchant Services Manager (Harare)

Library Technical Assistant

Assistant Binder

Broadcast Technician

Research, Innovation and Industry Linkage Officer (RIILO)

Safety, Health and Environmental (SHE) Officer

Procurement Officer

Intellectual Property Management Officer

Research Officers x2

Business Development Officers x2

Innovation Lead (Engineering)

Innovation Lead (Arts & Creative Industries)

Innovation Manager

Public Health Specialist: Prevention, Care & Treatment (Harare)

Driver (Kariba)

Relief Drivers x8

Business Intelligence Analyst (Harare)

Contact Centre Agent-1 (Harare)

Switchboard Operator (OMAO) (Harare)

Procurement Manager (Bulawayo)

Auditor - ICT & Internal Control (Harare)

Legal Officer (Harare)

Auditor (Harare)

Director General (Harare)

Captains of industry have warned that more companies will collapse if the government continues disrespecting market fundamentals.
CEO Africa Roundtable board chairman Oswell Binha said markets are central in government decision-making. He said:
<blockquote>
These guys called CEOs are in trouble. The mortality rate of industry will continue. I don’t know what the accountants are doing because we need to get the reports.
And those financials need to be clear so that they are not qualified. In this current scenario, it’s not clear where we are going.
If the government is to sort this monetary lockjaw, fiscal lockjaw, markets are central in decision-making.
To the Government, my advice is that it doesn’t matter how much pronunciation you make. It doesn’t matter how many mega deals you are signing.
At the end of the day, the success of any monetary regime and fiscal regime is on the basis of respecting market fundamentals.
It’s important to understand that when you read more of arbitrage, more of cartels, more of cross-border crime, it’s an indication of weaknesses of some of the institutions. And the government needs to respond to that.
</blockquote>
Zimbabwe is experiencing high inflation which has resulted in rising energy prices, currency volatility, and a liquidity crunch. | <a href="https://businesstimes.co.zw/ceos-warn-govt/">Business Times</a>

Pindula News

"We Are In Trouble", CEOs Tell Government

Simbisa Brands managing director Warren Meares has said they do not consider Chicken Slice as a competitor.
This came after Chicken Slice founder and chief executive officer <a href="https://www.pindula.co.zw/Tawanda_Mutyebere">Tawanda Mutyebere</a> on Thursday accused Simbisa Brands-owned Chicken Inn of bullying.
Chicken Inn’s application at the High Court in 2019 seeking an interdict against Chicken Slice using what it termed its trademarks was dismissed by High Court judge Justice Sylvia Chirawu-Mugomba last month.
Mutyebere told NewsDay on Thursday that Chicken Inn had wasted his company’s resources fighting “unnecessary” legal battles.
Responding to Mutyebere’s remarks that Chicken Inn used “tricks of a bully”, Meares said they do not even consider Chicken Slice a competitor but a “copycat”. He said:
<blockquote>
We have got no qualms or animosity with Mr Mutyebere in any way. If anything, concerning Mr Mutyebere — and you are someone on the street, wherever we go, he follows.
We went to Braeside, he followed, we went to Walk Tall West End, he followed, Kadoma he followed, we went to Gweru and he followed, and we were in Bulawayo he followed.
When I see him, I stop and have a chat. I don’t have any qualms with him. If anything, I love the fact that he can become successful, and competition is good.
I see KFC (an American global chicken fast-food store, with outlets in Zimbabwe) more as competition than Chicken Slice.
KFC is an international brand. It is a big name, it is a strong name, which is real competition.
Chicken Slice is our little brother who is copying us.
</blockquote>
| <a href="https://www.newsday.co.zw/local-news/article/200006897/senate-passes-pvos-billas-usaid-warns-of-funding-threat">NewsDay</a>

"We Consider KFC Our Competitor, And Not Chicken Slice"

Chicken Slice founder and chief executive officer Tawanda Mutyebere has accused his competitor Chicken Inn of bullying.
This comes after Chicken Inn filed an application at the High Court in 2019 seeking an interdict against Chicken Slice using what it termed its trademarks.
Chicken Inn sought to have Chicken Slice barred from using red and yellow colours on its products and also to stop using the word “Luv” in their payoff line.
The company argued that Chicken Slice had used “Luv” in its burger and grill logo, saying it had always used “Luv Dat Chicken” since 1987 before Chicken Slice started using “I Luv it” on its burger boxes.
However, High Court judge Justice Sylvia Chirawu-Mugomba last month dismissed the application by Chicken Inn.
Speaking to NewsDay on Thursday, Mutyebere said Chicken Inn did not invent the word “luv”. He said:
<blockquote>
There was no case. The idea here is about bullying. Where on earth would one be not allowed to use the word luv?
Love is not a coined word, it’s generic — whether you use the word love or luv.
The word Luv is actually in the Oxford dictionary and, therefore, you cannot say this is my word that I am using.
Where on earth can one say red or yellow is my colour? That’s ridiculous. You cannot register a colour.
In Zimbabwe, if they do not want to use the colour red, it then means everyone using the colour red must stop using the colour right from the national flag of Zimbabwe.
They are just there to try and frustrate us, but we will never be frustrated with such kind of poor attacks.
You cannot feed Zimbabwe by yourself.
</blockquote>
Mutyebere described the court application by Chicken Inn as “tricks of a bully”. <a href="https://www.newsday.co.zw/local-news/article/200006933/chicken-inn-are-bullies-says-slice-boss">NewsDay</a>

Chicken Slice Boss Accuses Chicken Inn Of Bullying

The Government is ready to put forward US$20 million to partner investors willing to invest in a lithium battery manufacturing project in Zimbabwe, a cabinet minister has said.
Speaking at the launch of the American Chamber Of Commerce (AmCham) in Zimbabwe, Finance and Economic Development Minister Mthuli Ncube said:
<blockquote>
Some of you were surprised when we said no more export of un-beneficiated lithium, as a Government, we are genuinely worried that resources are being exported raw and being sold at 10 percent of the market price.
So beneficiation is part of our economy’s diversification, I will be glad to see a lithium battery manufacturing company in Zimbabwe and I am prepared to put down US$20 million for Government and I am looking for partners to beneficiate lithium up to the right stage which is lithium batteries.
We can give the national project status and those kinds of incentives including a myriad of tax incentives, right across the board in mining and industry.
</blockquote>
AmCham will be a facilitating platform for US businesses willing to invest in Zimbabwe in sectors such as energy, mining, and agriculture among others.
At the same time, it will assist local businesses seeking to export to the American market, especially seasonal fruits and vegetables like blueberries, strawberries, cherries and other market gardening crops.
Marc Holtzman, chairman of AmCham in Zimbabwe, said western sanctions imposed on the country will not create problems for Zimbabwean and US companies since AmCham would simply play a facilitatory role. | <a href="https://www.herald.co.zw/govt-dangles-us20m-for-lithium-battery-plant/">The Herald</a>

Govt Pledges US$20m For Lithium Battery Plant

The Reserve Bank of Zimbabwe (RBZ) has cut its policy rate to 150 per cent from 200 per cent following a gradual decline in the rate of inflation since late last year.
Monthly inflation fell to 1.1 percent in January 2023 from 2.4 percent in December 2022, while yearly inflation fell to 229.8 percent from 243.8 percent.
In his 2023 Monetary Policy Statement issued on Thursday, 02 February, RBZ Governor John Mangudya said:
<blockquote>
The moderation in interest rates is important and necessitated by the downward trend in month-on-month inflation since the last quarter of 2022. The Bank will continue its tight monetary policy stance.
</blockquote>
Mangudya also increased export retentions to 75 percent across all sectors, including firms listed on the Victoria Falls Stock Exchange (VFEX).
He also announced the upward review of the export of foreign currency cash and gold coins from US$5 000 to US$10 000.
The maximum amount of local currency notes and coins that may be taken out of the country has been capped at an equivalent of US$1 000 at the prevailing interbank exchange rate.

RBZ Cuts Policy Rate To 150 Percent After Inflation Falls

The Reserve Bank of Zimbabwe (RBZ) has said about 70% of domestic expenditure is in US dollars.
This was announced by RBZ Governor John Mangudya in the 2023 Monetary Policy Statement seen by Pindula News.
Mangudya also said as of December 31, 2022, the Foreign Currency Accounts (FCA) deposits in the banking system accounted for 64.2% of total deposits, with the remainder being ZW$ deposits. Said Mangudya:
<blockquote>
Transactional activities in the retail and wholesale sectors also points to the same structure of currency composition as shown by recent Confederation of Zimbabwe Industry (CZI) surveys, which reported that on average USD sales contribute 66% to foreign currency generation for the businesses. The dual currency structure of the economy is corroborated by estimates by the Zimbabwe National Statistics Agency (ZimStat) at Classification of Individual Consumption by Purpose (COICOP) division level.
</blockquote>
Mangudya also noted that domestic inflation reflects the significant foreign currency inflows in the economy by adopting blended inflation as the country’s reference inflation and reflects the dual currency structure for the following reasons:
<blockquote>
1). Total forex receipts at US$11.6 billion in 2022 were the highest FX inflows ever received in the country.
2). About 70% of domestic expenditure is in US dollars; and
3). Foreign currency deposits and loans constitute about 65% of total banking sector deposits.
</blockquote>
The central bank also said the inflation developments largely reflect movements in the exchange rate as prices in USD have been relatively stable and, in some instances, declining.
<ul>
<li><a href="https://zero.pindula.co.zw/rbz-forex-auction-31-01-2023-zimbabwe-dollar-continues-to-lose-value-against-usd/">RBZ Forex Auction 31/01/2023: Zimbabwe Dollar Continues To Lose Value Against USD</a></li>
</ul>
Mangudya said this points to the need to sustain exchange rate stability to anchor inflation expectations and stabilize prices under the dual currency environment.
The Zimbabwean economy has been informally re-dollarising in recent years as the local currency has continued to <a href="https://zero.pindula.co.zw/rbz-forex-auction-31-01-2023-zimbabwe-dollar-continues-to-lose-value-against-usd/">shed value against other currencies,</a> mainly the USD.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

RBZ: 70% Of Domestic Expenditure Is In US Dollars

According to the most recent data from the <a href="https://www.pindula.co.zw/Zimbabwe_National_Statistics_Agency_(ZIMSTAT)">Zimbabwe National Statistics Agency (ZIMSTAT)</a>, monthly inflation decreased to 0.7% in January 2023, losing 0.6 percentage points.
In a report seen by Pindula News, ZIMSTAT stated that inflation reduced significantly in the just-ended month. Said ZIMSTAT:
<blockquote>
The month-on-month inflation rate in January 2023 was 0,7% shedding 0,6% on the December 2022 rate of 1,3% meaning that prices as measured by the all items blended CPI increased by an average of 0,7% from December 2022 to January 2023.
</blockquote>
The month-on-month Food and Non-Alcoholic Beverages inflation rate stood at 0,4% in January 2023, shedding 1,7% on the December 2022 rate of 2.1%.
The non-food inflation rate stood at 1%, increasing by 0.4% on the December 2022 rate of 06%.
The blended CPI for the month ending January 2023 stood at 278.12 compared to 276.10 in December 2022 and 138.02 in January 2022.
ZIMSTAT added that the year-on-year inflation rate for the month of January 2023 as measured by the all-items blended Consumer Price Index (CPI) stood at 101.5%. Added ZIMSTAT:
<blockquote>
This means that prices as measured by the all items blended CPI increased by an average of 101.5 percent between January 2022 and January 2023.
</blockquote>
The food poverty line (FPL) as of January 2023 stood at $22 384.78 implying that the minimum needs basket cost that much per person in January 2023 which represents an increase of 0.9% over the December 2022 figure of $22 192.87
The Total Consumption Poverty Line (TCPL) for Zimbabwe stood at $29 499.89 per person in January 2023. This means that an individual required that much to purchase both non-food and food items as of January 2023 in order not to be deemed poor.
This represents an increase of 1.0 per cent when compared to the December 2022 figure of $29,219.01.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Zimbabwe's Monthly Inflation Declines, Food Poverty Line Rises - ZIMSTAT

<a href="https://www.pindula.co.zw/Steward_Bank">Steward Bank</a>, a subsidiary of <a href="https://www.pindula.co.zw/Econet_Wireless_Zimbabwe">Econet Wireless Zimbabwe</a>, last month opened a remittance centre in Harare which caters for both international and local remittances.
The remittance centre, where customers can access funds sent from within Zimbabwe or abroad, is situated at the Eastgate Complex in Harare.
Customers can collect money sent via SasaiRemit, EcoCashRemit, StewardRemit, WorldRemit and many others.
Market analysts believe the new outlet is part of Steward Bank’s strategy to provide an integrated retail and digital customer experience designed to make it convenient for customers to collect their foreign currency in a clean, safe and secure environment.
In the past few years, Steward Bank has partnered with several global money transfer agents, including HelloPaisa, MoneyGram and Mama Money — among many others – to facilitate the free flow of remittances into the country.
The World Bank estimates that remittance flows into Zimbabwe reached US$2 billion last year against US$1.4 billion in 2021 and $1 billion in 2020.
Steward Bank Chief executive officer Courage Mashavave said the financial institution recently introduced intra-bound remittances and scaled up Steward Remit to enable access to foreign currency. Mashavave said in his festive season message to customers:
<blockquote>
We are collaborating with agencies across the country, in areas such as Mutoko and Murehwa. Compared to this time last year, we have tripled our Customer Satisfaction Index, demonstrating that we are increasing our customers’ expected service and product quality.
</blockquote>
Meanwhile, StewardRemit, which allows real-time US dollar money transfers across the country for both Steward Bank account holders and non-account holders, has reduced its transaction charges.
The StewardRemit send-money charge was reduced from 5% to 3% of the transaction amount, inclusive of 2% IMT tax.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Steward Bank Opens A Remittance Centre

South Africa has banned Zimbabwean trains from its territory stating that the old wagons raise a high risk of derailment.
The ban was confirmed by <a href="https://www.pindula.co.zw/National_Railways_of_Zimbabwe">National Railways of Zimbabwe (NRZ)</a> general manager <a href="https://www.pindula.co.zw/Respina_Zinyanduko">Ms Respina Zinyanduko</a> Monday while answering questions before Parliament’s Transport Portfolio Committee. Zinyanduko said:
<blockquote>
The challenge about our failure to send our wagons to South Africa is that our wagons are old.
Because the wagons are old, SA does not want them on their rail lines because they say they have a high risk of derailment because of their age. They do not want to risk damaging their tracks.
If you look at other countries like DRC, Zambia, Botswana and Mozambique, our wagons are going all the way to these countries without any challenges.
So, the only challenge with SA is our wagons. They say if we buy new wagons, they will allow them into SA.
Their wagons (SA) are actually coming into Zimbabwe. Because our wagons are sub-standard, NRZ is now using SA’s wagons to carry goods to SA.
</blockquote>
Zinyanduko added that NRZ’s railway system needed new wagons as most of its equipment had gone beyond its average life span of 40 years.
She said of the 68 mainline locomotives, 14 of these were not working and the rest needed upgrading or replacement. Zinyanduko added:
<blockquote>
Most of them have outlived their 25 years life span. Wagons have also outlived their 40-year life span and most had gone beyond 60 years.
</blockquote>
Over the years, the company which is wholly owned by the government claimed to have entered into deals with some international companies including <a href="https://zero.pindula.co.zw/turkish-company-starts-implementing-phase-1-of-nrz-deal/">Yapi Merkezi, a Turkish company</a>, in a bid to recapitalise and modernise the nation’s railway system.
There is no notable transformation to date.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

South Africa Bans Zimbabwean Trains From Its Territory

<a href="https://www.pindula.co.zw/Nampak_Zimbabwe_Ltd">Nampak Zimbabwe Limited</a>, a packaging company listed on the <a href="https://www.pindula.co.zw/Zimbabwe_Stock_Exchange">Zimbabwe Stock Exchange (ZSE)</a> recorded a 43% jump in revenue for the year to September 30, 2022, to ZW$$52.52 billion from ZW$$36.69 billion the previous year. 
Exports for its Mega Pak division showed a resurgence in the local markets over the period under review compared to the prior year.
A profit before tax of ZW$$8.75 billion was achieved compared to ZW$$5.76 billion in the same period last year.
According to Nampak, the profit before tax takes into account other material income of ZW$$2.48 billion and a net monetary loss of ZWL$$4.11 billion. Other income, in the main, comprises exchange gains on foreign-denominated debtors and cash balances.
Profit for the year remained flat at ZW$$2.6 billion. Earnings per share at 346.12 cents were below the prior year’s 347.03 cents.
During the year under review, overall demand for packaging improved significantly compared to the previous year with the company benefiting from improved economic activity led by a rebound in agriculture and mineral commodity prices.
In an update for the year under review, managing director John van Gend said that the group achieved sales for the year in inflation-adjusted terms of $52.52 billion.
He said the company worked hard on cost reduction initiatives and improving the working capital cycles.
Van Gend said the group currently has some significant capital projects currently being reviewed by management.
Nampak did not declare a dividend in order to preserve capital.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

ZSE-listed NamPak Records $52.52 Billion Jump In Revenue

<a href="https://www.pindula.co.zw/Nampak_Zimbabwe_Ltd">Nampak Zimbabwe Limited</a>, a packaging company listed on the <a href="https://www.pindula.co.zw/Zimbabwe_Stock_Exchange">Zimbabwe Stock Exchange (ZSE)</a> recorded a 43% jump in revenue for the year to September 30, 2022, to ZW$$52.52 billion from ZW$$36.69 billion the previous year. 
Exports for its Mega Pak division showed a resurgence in the local markets over the period under review compared to the prior year.
A profit before tax of ZW$$8.75 billion was achieved compared to ZW$$5.76 billion in the same period last year.
According to Nampak, the profit before tax takes into account other material income of ZW$$2.48 billion and a net monetary loss of ZWL$$4.11 billion. Other income, in the main, comprises exchange gains on foreign-denominated debtors and cash balances.
Profit for the year remained flat at ZW$$2.6 billion. Earnings per share at 346.12 cents were below the prior year’s 347.03 cents.
During the year under review, overall demand for packaging improved significantly compared to the previous year with the company benefiting from improved economic activity led by a rebound in agriculture and mineral commodity prices.
In an update for the year under review, managing director John van Gend said that the group achieved sales for the year in inflation-adjusted terms of $52.52 billion.
He said the company worked hard on cost reduction initiatives and improving the working capital cycles.
Van Gend said the group currently has some significant capital projects currently being reviewed by management.
Nampak did not declare a dividend in order to preserve capital.
<h2><a href="https://news.pindula.co.zw/">More Pindula News</a></h2>

South Africa’s Department of Mineral Resources and Energy has published the official fuel price adjustments for February 2023.
As projected in the last week, petrol and diesel prices will be going up in February, increasing by 28 cents and between a decrease of 1 cent and an increase of 9 cents per litre, respectively.
The changes will come into effect from Wednesday, 1 February 2023.
<blockquote>
Petrol 93 ……………………………………….. increase of 28 cents per litre
Petrol 95 ……………………………………….. increase of 28 cents per litre
Diesel 0.05% …………………………………. increase of 9 cents per litre
Diesel 0.005% ……………………………….. decrease of 1 cent per litre
Illuminating Paraffin (wholesale) …….. increase of 58 cents per litre
LPGAS ………………………………………. decrease of 140 cents per kilogram
</blockquote>
The department said the main factors contributing to the increases include higher prices for Brent crude oil, which increased to $85.08.
Furthermore, international prices for petroleum products and the strengthening of the rand against the US dollar also played a role.
The rand appreciated slightly, on average, against the US Dollar – from R17.28 to R17.00 per USD – during the period under review when compared to the previous one.
The negative slate balance on petrol and diesel amounted to R2.191 billion at the end of December 2022. 
A slate levy decrease of 43.84 c/l (from 61.38 c/l to 17.54 c/l) will be implemented into the price structures of petrol and diesel, in line with the Self-Adjusting Slate Mechanism rules effective from the 1st of February 2023.
This is how the expected price changes will reflect at the pumps:
<blockquote>
(Inland) …………………………. (January Official) …………….. (February Official)
93 Petrol ……………………….. R21.10 ……………………………… R21.38
95 Petrol ……………………….. R21.40 ……………………………… R21.68
0.05% diesel (wholesale) ………  R21.23 ………………………………. R21.32
0.005% diesel (wholesale)……… R21.42 ………………………………. R21.41
Illuminating Paraffin ………. R15.26 ……………………………….. R15.84
LPGAS (p/kg) ………………… R34.86 ………………………………. R33.46
<div>(Coastal)  …………………………… January Offial …………….. February Official
93 Petrol …………………………….. R20.45 …………………………. R20.73
95 Petrol …………………………….. R20.75 …………………………. R21.03
0.05% diesel (wholesale) ……………. R20.58 …………………………. R20.67
0.005% diesel (wholesale)…………… R20.78 …………………………. R20.77
Illuminating Paraffin ……………. R14.47 …………………………. R15.05
LPGAS (p/kg) ……………………… R32.45 …………………………. R31.05</div>
</blockquote>
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

South Africa: New Fuel Prices For February 2023

One of the main beneficiaries of a slew of business agreements recently struck between Zimbabwe and Belarus is Aftrade, a business headed by infamous Belarusian tycoon <a href="https://www.pindula.co.zw/Alexander_Zingman">Alexander Zingman.</a>
Alexander Zingman was made Honourary Consul of Zimbabwe to the Republic of Belarus in January 2019.
Aftrade has obtained contracts to develop grain storage facilities, supply tractors and harvesters to the government, and secure equipment deals in the mining and logging industries thanks to the visit of Belarusian President Aleksandr Lukashenko to Zimbabwe.
Four years ago, Zimbabwe announced that it needed 40 000 tractors, at a time when only 9000 were available to work Zimbabwe’s 4 130 000ha of arable land. 
The southern African nation looked to Belarus and other suppliers in a bid to plug the gap. 
Zimbabwe also signed a US$51 million deal with US company John Deere for the supply of 1 300 tractors, 80 combine harvesters and other equipment. Zimbabwe is also negotiating with India’s Mahindra, which abandoned a plan in 2018 to set up an assembly plant in Zimbabwe due to forex shortages.
Belarus has already supplied equipment to Zimbabwe, but, says Lukashenko, that was only the first phase. <a href="https://newzwire.live/from-tractors-to-mining-alexander-zingman-wins-big-in-lukashenkos-us66m-zimbabwe-deals/">newZWire</a> cites him as saying:
<blockquote>
But it is just the beginning. We’ve launched the third phase of the programme to the tune of over US$66 million. It provides for shipping over 3,700 tractors, 60 harvesters to the local agrarians within the next 1.5 years.
</blockquote>
Aftrade and MTZ, one of Europe’s biggest tractor exporters, will supply at least 3 575 tractors to Zimbabwe between 2023 and 2024. Aftrade has distribution rights for MTZ equipment in the country. MTZ director general Vitaly Vovk said:
<blockquote>
The Zimbabwean market opened for Belarus machinery several years ago thanks to our reliable partner, Aftrade DMCC. We are glad that today we are talking about strategic partnership that envisages work on a systematic perspective basis. 
We know that last year, for the first time in the past 50 years, the country fully provided itself with grain. It is gratifying that the country succeeded also thanks to Belarus machinery
</blockquote>
The new tractors add to the 1 800 tractors and harvesters that MTZ has already supplied to Zimbabwe.
Aftrade was also awarded a contract to supply equipment manufactured in Belarus for the construction and modernisation of grain storage complexes. While no details are known, Agriculture Secretary John Basera recently said Zimbabwe needed to spend over US$275 million over the next three years to build new grain silos, adding 750 000 tonnes of storage space to the current 500 000 tonnes.
MTZ was a major supplier of equipment to Ukraine before the Russia war started, and also exported to the US and Canada.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Alexander Zingman's Aftrade A Main Beneficiary Of Agreements Between Zimbabwe & Belarus

The <a href="https://www.pindula.co.zw/ZINARA">Zimbabwe National Road Administration (ZINARA),</a> a Zimbabwean government department under the Ministry of <a href="https://www.pindula.co.zw/index.php?title=Transport_and_Infrastructural_Development&amp;action=edit&amp;redlink=1" title="Transport and Infrastructural Development (page does not exist)">Transport and Infrastructural Development,</a> has announced new Toll Fees effective 01 February 2023.
In a notice seen by Pindula News, ZINARA said ZWL toll fees will apply in terms of Section 4 of Statutory Instrument 32 of 2021. Read the notice:
<blockquote>
<h2>Toll Fees -Effective 01 February 2023</h2>
We would like to advise our valued customers that with effect from 1 February 2023, the following ZWL toll fees will apply in terms of Section 4 of Statutory Instrument 32 of 2021.
Motorcycles are exempted from paying toll fees.
Light Motor Vehicles  ………………………………………………………… US$2; ZWL$1,600 
Minibuses ………………………………………………………………………… US$3; ZWL$2,400 
 Buses ………………………………………………………………………………. US$4; ZWL$3,200 
Heavy Vehicles ………………………………………………………………… US$5; ZWL$4,000 
Haulage Trucks ……………………………………………………………….. US$10; ZWL$8,000 
Residential Discount Per Term ………………………………………….. US$40; ZWL$32,200
Toll fees in foreign currency remain unchanged
</blockquote>
<div>
<div>
<div>
<div>Toll fees in Zimbabwe are charges that drivers pay to use certain roads and highways. The fees go towards maintaining and improving these roads. </div>
<div>As indicated above, the amount paid depends on factors such as the type of vehicle and the distance travelled. Toll fees help keep roads safe and well-maintained.</div>
</div>
</div>
</div>
<div>
<div>
<div>
<div>
<div>
<div>
ZINARA collects toll fees at designated toll booths in cash at the toll plaza. Some toll plazas may also accept payment by mobile money platforms such as EcoCash or ZIPIT. It’s best to check with the specific toll plaza you’ll be passing through to confirm the accepted forms of payment.
</div>
</div>
</div>
</div>
</div>
</div>
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

ZINARA Announces New Toll Fees Effective 01 February 2023

The Zimbabwe dollar lost further ground against the US dollar at the foreign currency auction conducted by the <a href="https://www.pindula.co.zw/Reserve_Bank_of_Zimbabwe">Reserve Bank of Zimbabwe (RBZ)</a> on 31 January 2023.
The RBZ forex auction weighted average rate moved to US$1: ZWL$801.6023 on 31 January 2023, from the US$1: ZWL$779.3101that was set <a href="https://zero.pindula.co.zw/rbz-forex-auction-zimbabwe-dollar-official-rate-as-of-24-january-2023/">on 24 January 2023.</a>
The central bank said a total of US$18,295,674.52 was allotted today, up from US$13,863,114.02 , which was allotted last week.
The bulk of the allotment went to raw materials followed by machinery and equipment.
The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX119/2023) was  US$1,837,006.31 up from US$1,515,043.86.
The total amount allotted on the Main Forex Auction (MAIN FX125/2023) was US$16,458,668.21 up from US$12,348,070.16.
<blockquote>
♦ Weighted Average Rate 801.6023
</blockquote>
<h2>How the money was allocated:</h2>
<blockquote>
Raw Materials……………………………………(SME) US$539,931.64 … (MA) US$9,031,988.33
Machinery and Equipment……………………..…(SME) US$531,593.60 …. (MA)US$2,249,805.58
Consumables (Incl. Spares, Tyres, Electricals, etc)…(SME) US$280,482.82 … (MA)US$814,010.56
Services (Loans, Education, Dividends, Disinvestments…) (SME)US$200,888.67 …(MA) US$1,431,344.34 
Retail and Distribution (Incl. Food, Beverages, etc)…(SME)US$159,891.49 … (MA)US$1,626,672.39
Pharmaceuticals and Chemicals …………….… (SME)US$32,926.65 … (MA)US$508,381.27
Paper and Packaging …………………………… (SME)US$91,291.44 ….(MA)US$796,465.74
TOTAL Amount allotted for the SMEFX122/2022 …(SME)US$1,837,006.31
TOTAL Amount allotted for the MAIN FX128/2022 …(MA)US$16,458,668.21
GRAND TOTAL AWARDED ………………………… US$18,295,674.52
</blockquote>
<h2>Notes</h2>
<blockquote>
1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.
2. Some Bids were allotted on a pro-rata basis. 
</blockquote>
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

RBZ Forex Auction 31/01/2023: Zimbabwe Dollar Continues To Lose Value Against USD

The Zimbabwe dollar lost further ground against the US dollar at the foreign currency auction conducted by the <a href="https://www.pindula.co.zw/Reserve_Bank_of_Zimbabwe">Reserve Bank of Zimbabwe (RBZ)</a> on 31 January 2023.
The RBZ forex auction weighted average rate moved to US$1: ZWL$801.6023 on 31 January 2023, from the US$1: ZWL$779.3101 that was set <a href="https://news.pindula.co.zw/2023/01/24/rbz-forex-auction-zimbabwe-dollar-official-rate-as-of-24-january-2023/">on 24 January 2023.</a>
The central bank said a total of US$18,295,674.52 was allotted today, up from US$13,863,114.02 , which was allotted last week.
The bulk of the allotment went to raw materials followed by machinery and equipment.
The total amount allotted for the Small to Medium Enterprises Forex Auction (SMEFX122/2023) was  US$1,837,006.31 up from US$1,515,043.86.
The total amount allotted on the Main Forex Auction (MAIN FX128/2023) was US$16,458,668.21 up from US$12,348,070.16.
<blockquote>
♦ Weighted Average Rate 801.6023
</blockquote>
<h2>How the money was allocated:</h2>
<blockquote>
Raw Materials……………………………………(SME) US$539,931.64 … (MA) US$9,031,988.33
Machinery and Equipment……………………..…(SME) US$531,593.60 …. (MA)US$2,249,805.58
Consumables (Incl. Spares, Tyres, Electricals, etc)…(SME) US$280,482.82 … (MA)US$814,010.56
Services (Loans, Education, Dividends, Disinvestments…) (SME)US$200,888.67 …(MA) US$1,431,344.34 
Retail and Distribution (Incl. Food, Beverages, etc)…(SME)US$159,891.49 … (MA)US$1,626,672.39
Pharmaceuticals and Chemicals …………….… (SME)US$32,926.65 … (MA)US$508,381.27
Paper and Packaging …………………………… (SME)US$91,291.44 ….(MA)US$796,465.74
TOTAL Amount allotted for the SMEFX122/2022 …(SME)US$1,837,006.31
TOTAL Amount allotted for the MAIN FX128/2022 …(MA)US$16,458,668.21
GRAND TOTAL AWARDED ………………………… US$18,295,674.52
</blockquote>
<h2>Notes</h2>
<blockquote>
1. Bids with overdue CD1s, outstanding Bills of Entry (BOEs), insufficient ZWL and those with sufficient FCA balances were also disqualified.
2. Some Bids were allotted on a pro-rata basis. 
</blockquote>
<h2><a href="https://news.pindula.co.zw/">More Pindula News</a></h2>

The <a href="https://www.pindula.co.zw/POSB">People’s Own Savings Bank (POSB)</a> board yesterday announced the appointment of Garainashe Changunda as the substantive chief executive officer (CEO) with effect from tomorrow.
Before his latest appointment, Changunda had served as POSB’s chief financial officer since 2017.
He will succeed long-serving CEO, <a href="https://zero.pindula.co.zw/boardroom-fight-erupts-at-posb-as-retired-ceo-clings-to-the-job/">Admore Kandlela</a>, who left the bank at the end of October last year after leading the financial institution for about 20 years. The board said in a statement:
<blockquote>
The People’s Own Savings Bank (POSB) board, with the approval of the Minister of Finance and Economic Development, is pleased to announce that the board has appointed Garainashe Changunda as the substantive chief executive officer of the bank with effect from the 1st of February 2023.
</blockquote>
Changunda’s mini profile:
<blockquote>
He is a chartered accountant and a member of the Public Accountants and Auditors Board and the Institute of Chartered Accountants of Zimbabwe.
He holds a Master of Business Administration degree, a post-graduate diploma in auditing, a Bachelor of Accounting Science honours degree, and a Bachelor of Commerce honours degree in accounting.
Changunda has more than 25 years of experience in strategic and operational performance management in several banking institutions.
His focus is on business growth and the creation of sustainable shareholder value through good corporate governance, cost optimisation, and sound risk management principles, POSB noted.
</blockquote>
Moves are already underway to bring private capital into POSB to enable it to list on the Zimbabwe Stock Exchange.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

POSB Board Appoints New Substantive CEO

A prominent industrialist has said competing regional manufacturers are fishing for United States dollars in the Zimbabwean market.
Charles Msipa, managing director of Schweppes Zimbabwe Limited (SZL), observed that the quick dollarisation of Zimbabwe’s economy will be accompanied by a surge in imports onto the local market.
Msipa was commenting on the proliferation of the <a href="https://www.pindula.co.zw/Mazoe_Orange_Crush">Mazoe Orange Crush</a> beverage imported from neighbouring Zambia, according to <a href="https://www.theindependent.co.zw/local-news/article/200006680/regional-industrialists-invade-zim-market-for-usd">The Independent</a>. Msipa said:
<blockquote>
Schweppes Zimbabwe Limited has adequate stocks of juice to meet the demand for local and export markets. As our economy dollarises, we will see an influx of imported consumer products from regional markets “fishing for US dollars in the Zimbabwe market.
This was the case from 2010-2016 and involved various consumer products from Zambia, Mozambique, Malawi and South Africa. As we dollarise, the local industry becomes less competitive with a US dollar cost base and products from markets with softer currencies become more competitive in our US dollar market.
</blockquote>
SZL is currently exporting 10% of their Mazoe cordial output to Botswana and South Africa.
During Zimbabwe’s first dollarisation spell which came in 2009, local retailers imported goods mostly from South Africa.
The government opened up for the importation of some goods duty-free as a way of improving access to affordable basic commodities arguing that the local industry was raising prices because it had no competition. 
This gave regional industrial enterprises the chance to enter the Zimbabwean market in search of the US dollar.
Industry analysts predict that industry capacity utilisation which is now at a 10-year high level of roughly 60% will further drop as a result of market liberalisation and the dollarisation of the economy.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

"Regional Companies Fishing For USD In The Zimbabwe Market" - Industrialist

Economist <a href="https://www.pindula.co.zw/Eddie_Cross">Eddie Cross</a> has claimed that Zimbabwe incurred a massive deficit during Robert Mugabe’s reign, and money was printed to cover the shortfall.
The former opposition MDC Member of Parliament for Bulawayo South said Zimbabwe’s fiscal deficit was 40% of the budget, prompting Mugabe’s administration to continue printing money. 
According to Investopedia, a deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets in a particular year. Governments and businesses sometimes run deficits deliberately, to stimulate an economy during a recession or to foster future growth.
Cross (82) claimed that after defeating MDC-T leader <a href="https://www.pindula.co.zw/Morgan_Tsvangirai">Morgan Tsvangirai</a> in the 2013 elections at the conclusion of the four-year <a href="https://www.pindula.co.zw/Government_of_National_Unity">inclusive government</a>, Mugabe regained total control of the government and ran up a crippling economic deficit.
Addressing a <a href="https://www.newsday.co.zw/local-news/article/200006828/grace-funded-chamisas-2018-campaign-cross">Chief Executive Officers Roundtable</a> meeting in Harare last week, Cross said:
<blockquote>
By 2017, the fiscal deficit was 40% of the budget, how do you run a country like that? We had US$23 million in our bank accounts which we called United States dollars but it wasn’t United States dollars. It was there because Mugabe was printing money to cover the deficit. We were headed for the rocks again and that was when Mnangagwa decided the change of government was necessary, and on the 17th of November, the transition took place. I was actually still in Parliament. I sat at the Harare International Conference Centre waiting to impeach the old man, and then in walked a messenger with Mugabe’s letter of resignation.
</blockquote>
Zimbabwe’s fiscal deficit has been increasing due to reduced tax revenue, high government spending, and an increase in debt repayment obligations. The country has been struggling to address the deficit and stabilize its economy.
Economists have been urging the government to implement the following measure to address the fiscal deficit in Zimbabwe:
<blockquote>
i). Increase revenue (taxes, better administration)
ii). Reduce government spending (austerity measures)
iii). Diversify economy
iv). Improve financial management &amp; reduce corruption
v). Encourage foreign investment/trade
vi). Implement structural reforms
vii). Seek international aid, if needed. 
</blockquote>
Finance Minister <a href="https://www.pindula.co.zw/Mthuli_Ncube">Mthuli Ncube</a> claims that Zimbabwe has recorded “cash-based “surpluses since 2018 when Mnangagwa’s government took over.
<a href="https://zero.pindula.co.zw/">More Pindula News</a>

"During Mugabe's Era, We Had US$23 Million But It Wasn’t USD" - Economist

Economist <a href="https://www.pindula.co.zw/Eddie_Cross">Eddie Cross</a> has claimed that Zimbabwe incurred a massive deficit during Robert Mugabe’s reign, and money was printed to cover the shortfall.
The former opposition MDC Member of Parliament for Bulawayo South said Zimbabwe’s fiscal deficit was 40% of the budget, prompting Mugabe’s administration to continue printing money. 
According to Investopedia, a deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets in a particular year. Governments and businesses sometimes run deficits deliberately, to stimulate an economy during a recession or to foster future growth.
Cross (82) claimed that after defeating MDC-T leader <a href="https://www.pindula.co.zw/Morgan_Tsvangirai">Morgan Tsvangirai</a> in the 2013 elections at the conclusion of the four-year <a href="https://www.pindula.co.zw/Government_of_National_Unity">inclusive government</a>, Mugabe regained total control of the government and ran up a crippling economic deficit.
Addressing a <a href="https://www.newsday.co.zw/local-news/article/200006828/grace-funded-chamisas-2018-campaign-cross">Chief Executive Officers Roundtable</a> meeting in Harare last week, Cross said:
<blockquote>
By 2017, the fiscal deficit was 40% of the budget, how do you run a country like that? We had US$23 million in our bank accounts which we called United States dollars but it wasn’t United States dollars. It was there because Mugabe was printing money to cover the deficit. We were headed for the rocks again and that was when Mnangagwa decided the change of government was necessary, and on the 17th of November, the transition took place. I was actually still in Parliament. I sat at the Harare International Conference Centre waiting to impeach the old man, and then in walked a messenger with Mugabe’s letter of resignation.
</blockquote>
Zimbabwe’s fiscal deficit has been increasing due to reduced tax revenue, high government spending, and an increase in debt repayment obligations. The country has been struggling to address the deficit and stabilize its economy.
Economists have been urging the government to implement the following measure to address the fiscal deficit in Zimbabwe:
<blockquote>
i). Increase revenue (taxes, better administration)
ii). Reduce government spending (austerity measures)
iii). Diversify economy
iv). Improve financial management &amp; reduce corruption
v). Encourage foreign investment/trade
vi). Implement structural reforms
vii). Seek international aid, if needed. 
</blockquote>
Finance Minister <a href="https://www.pindula.co.zw/Mthuli_Ncube">Mthuli Ncube</a> claims that Zimbabwe has recorded “cash-based “surpluses since 2018 when Mnangagwa’s government took over.
<a href="https://news.pindula.co.zw/">More Pindula News</a>

A senior government official said that businesses should not use the parallel market exchange rate as a reference for pricing in the economy as it constitutes only a small fraction of cumulative trade volumes.
The Zimbabwe dollar is currently trading above $1 000 per US$1 on the parallel market, while the official rate is US$1:$779.
Businesses have been accused of indexing prices to the parallel market which, in turn, has fuelled runaway inflation.
Ministry of Finance and Economic Development Permanent Secretary George Guvamatanga said that the parallel market accounted for less than 10 percent of foreign currency traded in the economy last year. He said:
<blockquote>
I have indicated that the percentage of the black market (to total forex traded) is less than 10 percent.
If you look at the inflows that came in the Reserve Bank (of Zimbabwe) reports, of US$12 billion traded, maybe only US$1 billion was traded on the parallel market.
All the other funds are traded through FCAs, auction, and willing-buyer, willing-seller systems.
So, why are we keen to use parallel exchange rate marginal pricing, even if someone comes to you with the argument that they are not getting forex from the auction?
You know what? We want to give so much credit to this parallel market, but when you actually look at it, this parallel market only accounts for about 10 percent of the total foreign currency traded in the economy. The bulk of it comes from the auction, interbank and FCAs.
It (parallel market) then becomes the anchor (of pricing), which is a theorem of marginal pricing because even if you take the 10 percent and do weighted price, the rate is still probably around $840:US$1.
</blockquote>
Guvamatanga said foreign currency inflows have been rising and under normal circumstances, this should keep the forex rate stable. | <a href="https://www.sundaymail.co.zw/indexing-prices-to-black-market-improper">The Sunday Mail</a>

Indexing Prices To Black Market Rate Unjustified, Says Guvamatanga

The Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) says it has blacklisted six contractors that were doing business with the Government for trading on the foreign currency black market.
The FIU has also frozen the bank accounts of five leading wholesalers for overcharging.
Speaking to State media, FIU director-general Oliver Chiperesa warned that they take stern action against companies involved in the parallel market. He said:
<blockquote>
So far, we have identified six or so (contractors) that we have taken action against, including referring to the Ministry (of Finance and Economic Development) for blacklisting. We expect the stability to continue.
I think Government suppliers are no longer really getting involved in the parallel market because they are aware of the consequence.
It’s only a few that are still doing it and we have taken stern action against those by freezing their accounts and referring them to the ministry.
So, following the action taken by the ministry last year, we continue to refer more companies periodically, as and when we find them.
</blockquote>
Last year, the Government blacklisted 19 suppliers and contractors for trading on the foreign currency black market.
Chiperesa said the FIU has frozen the bank accounts of five leading wholesalers for overpricing through forward pricing. He said:
<blockquote>
We are not confining ourselves to the parallel market drivers only, but also to wholesalers who are overcharging.
So far, in the last two weeks, we have frozen the accounts of five major retail and wholesale shops pending further investigations.
We are continuing with our work. Our teams are out there identifying more companies and entities that are doing the same.
There is really no excuse for the companies to be using parallel market rates at all at this stage with the near convergence that we have enjoyed over the last few months between the parallel market and official rates.
It’s just greediness that is driving some of these companies to do that.
</blockquote>
Some companies that are reportedly mopping up US dollars on the black market are understood to be also benefitting from the RBZ foreign currency auction market. | <a href="https://www.sundaynews.co.zw/rbz-blacklists-companies-11-firms-sanctioned-over-black-market-deals-overpricing-same-firms-reportedly-benefitting-from-rbz-auction/">The Sunday News</a>

RBZ Sanctions 11 More Companies Over Black Market Deals

The vacancies below have arisen in the <a href="https://www.pindula.co.zw/Ministry_of_Health_and_Child_Care">Ministry of Health and Child Care</a> under the Global Fund HIV, Tuberculosis (TB) and Malaria grants. In a notice seen by Pindula News, the ministry said applications are being invited from suitably qualified and experienced candidates to fill the posts. We present job qualifications below:
<h2>1). Senior Medical Laboratory Scientist- NMRL; TB:</h2>
<blockquote>
Reports to: Chief Medical Laboratory Scientist
Qualifications: 
i). Honours degree in Medical Laboratory Science(HBLMS) or Specialist Diploma in Medical Laboratory Sciences from a reputable University. ii). Post-graduate training in Public Health, Clinical Epidemiology or Microbiology is an added advantage.
Experience: 
1. 3 years post-qualification experience in a Medical Laboratory; 
2. Experience in working in a TB Laboratory is an added advantage; 
3. Demonstrated computer skills in Microsoft word, excel, PowerPoint, and the internet are required.
</blockquote>
<h2>2). Procurement and Supply Management Manager – Head Office; Programme Coordination Unit (PCU)</h2>
<blockquote>
Reports to: Project Coordinator
Qualifications:
1. A degree in pharmacy. 
2. A higher qualification Master’s degree in a relevant field such as Public Health, Pharmacy or Supply Chain Management is an added advantage. 
3. Registered with the Pharmacists Council of Zimbabwe.
</blockquote>
<h2>3). Monitoring and Evaluation (M&amp;E) Officer- Head Office; Programme Coordination Unit (PCU)</h2>
<blockquote>
Reports to: Monitoring and Evaluation Manager
Qualifications &amp; Experience:
1. University degree in Monitoring and Evaluation, Social Sciences, Statistics or closely related qualification.
2. A minimum of two years experience in M&amp;E
3. Demonstrate knowledge and experience in monitoring and evaluation of public health programs
4. Demonstrate knowledge and experience in use of information systems including DHIS2
5. Experience with GF M&amp;E requirements
</blockquote>
<h2>4). Pre-Elimination Coordinator-Head Office; National Malaria Control Programme</h2>
<blockquote>
Reports to: Director NMCP
Qualifications and experience:
1. A Bachelor’s degree in Health Sciences
2. Masters degree in Health Sciences is an added advantage
3. At least five years’ experience working in public health delivery, especially at district or provincial levels.
</blockquote>
<h2>5). Assistant Vector Control Officer – Head Office; National Malaria Control Programme</h2>
<blockquote>
Reports to: Vector Control Officer
Qualifications:
1. Diploma in Environmental Health
2. Bachelor of Science degree in Environmental Health or equivalent is an added advantage
Experience and required skills:
1. At least 5 years experience in public health delivery at the district or provincial level focusing on the following areas:
-IRS
-LLINs distribution
-Entomological surveillance
2. Competency in Microsoft Office Word, PowerPoint and Excel skills
3. Training skills in vector control
4. Communication and report writing skills
</blockquote>
<h2>6). Provincial Monitoring &amp; Evaluation Officer X 2- Midlands and Bulawayo Metropolitan</h2>
<blockquote>
Reports to: Provincial Medical Director (PMD)
Qualifications:
1. A degree in Monitoring &amp; Evaluation, Health Sciences or Social Sciences or Statistics or equivalent
Experience and skills:
1. Minimum of 2 years experience in monitoring and evaluation preferably health programs.
2. Demonstrated understanding of and familiarity with a range of applied research and monitoring and evaluation approaches including health information and data management systems, and quality assurance.
3. Good working knowledge of descriptive, inferential and advanced statistics.Strong quantitative and analytical skills and ability to communicate technical information clearly and effectively to both technical and non-technical colleagues.
4. Strong skills in MS Excel Word, PowerPoint and Access, and at least one data management software program (SAS, SPSS).
5. Strong oral and written communication skills
</blockquote>
<h2>7). Software Developer/Programmer X 1</h2>
<blockquote>
Reports to: SI Coordinator
Qualifications:
First Degree in Computing and Information Technology or equivalent
Competencies and skills required:
1. Programming language certification Oracle certification is an added advantage (i.e Java or any RDBMS)
2. 5-10 programming experience years
3. Designed and proposed an electronic system until implementation
</blockquote>
<h2>8). Provincial Information, Communication Technology Officer (ICT Officer); PMD Mashonaland East</h2>
<blockquote>
Reports to: MNCH Officer.
Qualifications:
1. Bachelor’s degree in computer science or equivalent
Willingness to travel frequently and at short notice
Experience and required skills:
1. At least 2 years’ experience in ICT systems administration
2. Ability to model and represent systems effectively and creatively.
3. Knowledge and experience in using Software development frameworks
4. Knowledge and experience in setting up computer networks (WAN/LAN) and server setup and maintenance.
5. Experience with hardware maintenance is an added advantage.
6. Ability to set and meet time-lines and deadlines
7. Fluent in English (excellent oral and written skills)
8. Strong communication skills, with experience conducting trainings and delivering
</blockquote>
<h2>9). Laboratory Scientist- NMRL; HIV Programme</h2>
<blockquote>
Reports to: Chief Medical Laboratory Scientist
Qualifications and competencies:
 HBMLS or Equivalent from a reputable University
 At least 3 years post-graduate experience
 Experience with PCR diagnostic and monitoring tests is an added advantage
 Ability to interface with clinical facilities to troubleshoot and institute corrective actions for out-of-range indicators.
 Computer competence with spreadsheet, word processing and presentation applications
Must be registered with Medical Laboratory Clinical Scientist Council of Zimbabwe
</blockquote>
<h2>10). Data Entry Officer- NMRL; HIV Programme</h2>
<blockquote>
Reports to: Section Head: Specimen Management
Qualifications:
1. Recognised certificate in Computers or laboratory-related discipline
Experience and required skills
1. At least 2 years’ experience in handling biological samples, laboratory data and sample management
2. Highly computer literate
3. Knowledge of ISO 15189 standard will be an added advantage
4. Experience in SPSS and EPI
</blockquote>
Candidates who meet the requirements of the posts are invited to submit their applications accompanied by CVs and certified copies of Certificates not later than 10 February 2023 to:
<blockquote>
The Secretary for Health and Child Care 
1st Floor Kaquvi Building 
Corner Simon V Muzenda Street/Central Avenue 
P.o. Box CY1122 Harare
</blockquote>
<h2>More Pindula News</h2>

Ministry Of Health Is Hiring: Various Posts Under Global Fund Grants

An employee of the Zimbabwe Electricity Supply Authority (ZESA) suffered bone fractures on Thursday after a pole fell as he worked on overhead copper cables in the Entumbane suburb in Bulawayo.
According to witnesses, the unidentified guy, who is believed to be in his 30s, was removing some wires while tied to the pole when the pole suddenly collapsed, sending him plummeting several meters to the ground. One resident told <a href="https://www.zimlive.com/zesa-technician-plunges-several-meters-down-after-pole-snaps/">ZimLive</a>:
<blockquote>
He was in serious pain with broken bones on the legs.
</blockquote>
The technician was rushed to a local hospital where his condition could not be ascertained.
According to a ZESA representative, all accidents involving personnel of the power provider are thoroughly examined to avoid repeat incidents.
The spokesperson also said workers’ safety “is our top priority.” The spokesperson told ZimLive:
<blockquote>
Regrettably, something has happened in this incident and we are urgently looking into it. 
</blockquote>
The spokesperson also said the technician is receiving the necessary medical attention adding “our prayers go out to him and his family.”
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

ZESA Employee Suffers Bone Fractures As A Powerline Pole Collapses

The <a href="https://www.pindula.co.zw/Zimbabwe_Energy_Regulatory_Authority">Zimbabwe Energy Regulatory Authority (ZERA)</a> has raised fuel prices in its latest review, which is effective January 26, 2023.
In a statement seen by Pindula News, the regulator said petrol would now be sold at US$1.59 or ZW$1 241.01 up from US$1.54 or ZW$1 124.61. 
The authority also said the retail price for diesel is now US$1.68 or ZW$1 315.09 up from US$1.62 or ZW$1 188.77. Read part of the statement:
<blockquote>
The public and operators are advised that the blending ratio remains at E5. Operators may sell the petroleum products below the prescribed prices depending on their trading advantages and should display prices in a prominent place as provided for by the fuel pricing regulations. Stakeholders are advised that the petroleum price releases by ZERA can be verified on the official ZERA website, Facebook or Twitter handle. 
</blockquote>
<ul>
<li>For historical prices since June 2020, please see: <a href="https://zero.pindula.co.zw/zimbabwe-petrol-and-diesel-fuel-prices-zera-updates-2020-2023/">Zimbabwe Petrol And Diesel Fuel Prices (ZERA Updates 2020 – 2023)</a></li>
</ul>
The average price of diesel around the world is 1.33 U.S. Dollars per litre while the average price of gasoline around the world is 1.30 U.S. Dollars per litre. 
GlobalPetrolPrices.com says the differences in prices across countries are due to the various taxes and subsidies for diesel. All countries have access to the same petroleum prices of international markets but then decide to impose different taxes. As a result, the retail price of diesel is different.
President Emmerson Mnangagwa last year <a href="https://zero.pindula.co.zw/i-directed-reduction-of-duty-on-fuels-no-duty-for-diesel-president-mnangagwa/">directed that duty on fuels be reduced by US 13 cents</a> among other measures to ensure the supply in the market remains stable and affordable.
Fuel prices went up in February with the government attributing the increase to the <a href="https://zero.pindula.co.zw/ukraines-foreign-minister-putin-launched-full-scale-invasion-well-defend-and-win/">war between Russia and Ukraine</a> which they said disrupted global trade as the two countries are the main producers of oil.
Analysts noted, however, that while the conflict had an impact on economies all over the world, Zimbabwe’s fuel prices were greater than those of its regional counterparts because of higher taxes. 
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Fuel Update: ZERA Raises Fuel Prices With Effect From 26 January 2023

In this guide, we provide information about buying a second-hand car in Zimbabwe. We hope you find it useful.
We focused on the legal process of buying the car and not on how to choose the right car for your needs.
If you have suggestions to make the guide more useful, please contact us at hello@pindula.com. 
 
<h2>Before buying the car</h2>
<h3>Getting the car checked</h3>
Once you find a car for sale that you’d like to buy, ensure that you get the car checked by an independent mechanic of your choice.
You can also get these services done for a fee by AA Zimbabwe or the government’s Vehicle Inspection Department (VID). VID tends to be cheaper but it’s worth comparing prices since price changes happen quite frequently in Zimbabwe.
<h3>Checking ownership</h3>
Next, you should check with the seller that the car is registered with that seller. The registration book should have the seller’s name, or at least you should confirm that the person or company selling has the authority to do so. You will need the owner of the car or the car dealer to help with the Change of Ownership process so this is important.
Without this, it’s possible to pay someone who does not actually own the car and find that you can’t have your new car. It’s also possible that you will have problems doing the Change of Ownership process if the registered owner of the car is not available to give you their documents (ID copy and Proof of residence).
In the case that the car was imported recently and has not been registered yet, ensure that the seller is the importer of the car and can therefore legally sell it.
<h3>Getting the car checked by the Vehicle Theft Squad (VTS)</h3>
This is optional but important for anyone looking for peace of mind. You can find the VTS at Southerton Police in Harare and at Drill Hall in Bulawayo (opposite Nhlanhlandela government building).
<h3>Know the status of licensing of the car</h3>
A car whose vehicle licensing is not up to date will attract a licensing penalty and will need to be updated before you’re able to license it yourself. This has implications on the total cost of the car to the buyer so you need to be aware.
If the licensing is not up-to-date it is a good thing to negotiate to have the total penalty and licensing fees subtracted from the final sale price.
 
<h2>Buying the car</h2>
Once you and the seller of the car agree on a price, you or the seller can draft an Agreement of Sale document which contains the details of the transaction:
<ul>
<li>The details of the seller and the buyer: Full Names, Residential Addresses, and National ID numbers</li>
<li>The details of the car being sold: Make (e.g. Toyota), Model (e.g. Corolla) and Year of manufacture, engine and chassis numbers. You will find this information in the registration book.</li>
<li>Full sale price agreed upon and any payment terms.</li>
<li>The signatures of both the buyer and the seller. It is always good to also have a witness sign in the presence of both parties in case of legal complications later.</li>
</ul>
The agreement of sale needs to be 2 copies which are signed separately so that each party goes away with an original copy. You can even sign 3 so the buyer can take 2 original copies.
 
<h3>Avoid paying for the car before signing the agreement. </h3>
With most car transactions done in USD cash, please make sure you do it in a safe place. As much as possible go with someone you trust who can help in case something doesn’t seem right.
 
<h2>Changing Ownership</h2>
Once you have paid for the car, the next step is to do the change of ownership process.
<h3>Police clearance</h3>
The Change of Ownership process starts with the police department called Vehicle Theft Squad. You can just go to your local police and ask them where you can get Change of Ownership for a vehicle done. As the buyer, you will then be given a form in which you fill in the details of the car (Make, Model, Engine Number, Chassis number).
The police will also require the ID of both buyer and seller, Proof of residence of both, and the registration book.
Both parties don’t have to do the process together. In fact, some professional sellers will offer to do the process for you as a buyer. If they offer to do this, let them – they know how to deal with the police to avoid delays.
However, if you decide to do it yourself as the buyer, do know that the process can take more than a day depending on where you do it. Harare (Southerton Police) tends to be the fastest – it’s usually done within an hour.
Other places like Bulawayo can take longer (it seems they have to contact Harare for the process). 
Do note however that Police Clearance for Change of Ownership is free. Anyone asking for payment is essentially asking for a bribe.
Once done, you will be given the completed and stamped Change of Ownership form (officially called CVR Form Number 4).
Your next stop is ZIMRA and you need to do this within 14 days, otherwise, your Clearance will become invalid and you have to clear again.
 
<h3>ZIMRA Change of ownership &amp; payment of VAT</h3>
At ZIMRA and you will need the following documents:
<ul>
<li>Original vehicle registration book</li>
<li>The police clearance mentioned above</li>
<li>Proof of residence for both the seller and the buyer</li>
<li>National Identity Cards for the seller and the buyer</li>
<li>The original Agreement of Sale document signed above. Please note this should not be a photocopy.</li>
<li>If the agreement is lost, then an affidavit, which is signed and stamped by a Commissioner of Oaths will be required.</li>
</ul>
When COVID started, ZIMRA introduced the means to do this process electronically. You can therefore call ZIMRA to get the email address you can send the attachments to.
To process the change of ownership, you will need to pay Special Excise Duty. This amount will be provided by ZIMRA. However, it’s available on the ZIMRA website (here: <a href="https://www.zimra.co.zw/customs/special-excise-duty-on-change-of-ownership-of-second-hand-motor-vehicles">https://www.zimra.co.zw/customs/special-excise-duty-on-change-of-ownership-of-second-hand-motor-vehicles</a>) so you can check for yourself before you go to ZIMRA. 
Essentially the tax depends on the engine capacity and the year of the car. As an example, if you are buying a Honda Fit with an engine capacity of 1.4 L, and the car was manufactured in 2009, the amount payable is USD $100. 
Generally, cars that are newer in years, and bigger in engine capacity, will make you pay more. The minimum you will pay is $50 and the maximum is $600 (e.g. a 2020 Toyota Landcruiser with 4.0 L engine capacity) 
 
<h3>Post Office</h3>
Once you have finished the ZIMRA process, the next step is to complete the Change of Ownership at Zimpost.
You will need all the documents you have accumulated so far.
Assuming all papers are in place, the Zimpost process will be done within an hour. Unless of course there are queues.
You will need to pay for the new registration book and if you want, the new number plates as well. Remember, getting number plates changed on a second-hand vehicle in Zimbabwe is now optional.
This is the last process. You will leave Zimpost with your new registration book, and if you prefer, your new number plates.
 
<h2>Make sure you insure your "new" car</h2>
It goes without saying that you will need to insure your new car.
Most Zimbabweans go with 3rd party insurance alone, but this is a mistake. Such people will always find themselves crying when they are involved in a serious accident that needs extensive repairs to the car, or worse if the car is a write-off.
Insuring a car comprehensively should not be considered expensive when you have already paid to buy the car.
There is also the myth that insurance companies never pay after you have had an accident. This is a lie. Insurance companies do pay as long as the circumstances of the accident are clear and are covered in the terms of the insurance policy.
If you don’t understand the insurance policy terms, it is your right as an insurance buyer to have those terms explained in simple English or to have them translated into a language you understand better.

TIP: Buying A Second Hand Car And Changing Ownership In Zimbabwe

<a href="https://www.pindula.co.zw/Innscor_Africa_Limited">Innscor Africa Limited</a> will trade on the <a href="https://www.pindula.co.zw/Zimbabwe_Stock_Exchange" title="Zimbabwe Stock Exchange">Zimbabwe Stock Exchange (ZSE)</a> for the last time on February 17, 2023and list on <a href="https://www.pindula.co.zw/Victoria_Falls_Stock_Exchange">Victoria Falls Stock Exchange (VFEX)</a> a week later. 
In its VFEX listing circular seen by <a href="https://newzwire.live/dollars-make-sense-innscors-7-reasons-for-leaving-the-zse-for-vfex/">newZWire</a>, the company laid out its reasons for leaving the ZSE for VFEX. Here is what Innscor is saying:
<h2>Access to USD capital</h2>
Innscor’s chances of obtaining equity financing in foreign currencies to fund capital expenditures, working capital, and regional expansion are stronger on VFEX.
Reporting in USD rather than Zimbabwe dollars will “reduce Innscor’s perceived risk” and aid prospective financiers and investors in understanding its financial performance.
<h2>Lower trading costs and increased liquidity</h2>
VFEX’s trading costs of 2.12% are lower than the ZSE’s 4.63%. This means shareholders can keep more of their capital, potentially making trading in the share more active.
It’s easier to move money in and out of VFEX. Foreign shareholders can repatriate their dividends freely in foreign currency forex and make settle proceeds from selling shares outside the country.
<h2>Tax incentives</h2>
A foreign investor on VFEX pays just a 5% withholding tax on dividends, half of what they would pay on the ZSE. The shareholder also does not pay capital gains tax on VFEX, while they pay 40% when they sell stocks on the ZSE.
<h2>Enhanced regional profile of Innscor</h2>
Innscor also sees VFEX as a plus for its credibility. According to the Innscor, “migration from the ZSE to the VFEX potentially improves the company’s regional profile and commercial standing, creating pathways to the group’s local and regional prospects”.
<h2>Reduced valuation volatility caused by currency translation</h2>
Innscor says VFEX’s USD valuation allows its shareholders to realise the true value of their investments and get a more “accurate benchmark of the stock’s performance while mitigating valuation volatility”.
<h2>Dollars make more sense</h2>
Presenting its accounts in USD, as required by VFEX, will be “more effective” in letting shareholders know the true value of the business.
Large companies have been departing the ZSE and joining the VFEX which, at launch, was described as the destination for investors seeking exposure to foreign capital. 
This reflects the continued decline of confidence in the local currency, which now accounts for a smaller portion of trade in the economy.
Businesses need US money to grow, but they can’t raise enough on the ZSE to cover their needs. Additionally, VFEX is probably better protected from changes in governmental policy, such as suspension of trade and hefty tariffs.
VFEX is still small with its market capitalisation only doubling from US$259 million to US$566 million at the end of the year 2022.
Padenga, Caledonia Mining, Bindura Nickel Corporation, Simbisa Brands, Nedbank ZDRs, Seedco International, National Foods, and the Karo bond are the current members of VFEX. Axia, GetBucks, Seed Co Limited, and Innscor are expected to join.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Full List: Innscor States Reasons For Leaving ZSE And Listing On VFEX

The Reserve Bank of Zimbabwe (RBZ) has announced measures that will be taken to implement the policy which directs miners to pay <a href="https://zero.pindula.co.zw/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum/">fifty per cent (50%) of royalties due to the state in the form of the concerned mineral</a>. In a statement seen by Pindula News, the governor of the RBZ, John Mangudya said:
<blockquote>
<h2>COLLECTION, HOLDING AND MANAGEMENT OF RESERVE ASSETS BY THE RESERVE BANK OF ZIMBABWE</h2>
Following amendments to Finance Act [Chapter 23:04] and the Reserve Bank of Zimbabwe Act [Chapter 22:15], respectively providing for, (i) the collection of fifty per centum (50%) of royalties in kind, that is to say, in the form of the mineral concerned, and (ii) the Bank to maintain, over and above gold, reserve assets in the form of diamonds, platinum and lithium (and any other precious stone or precious or valuable metal specified by the Bank by notice in a statutory instrument) in a form and of a purity or of a quality or of a kind specified by the Bank, the Bank wishes to advise miners/mining houses, relevant stakeholders and the public of the following arrangements to implement the legislative changes:
(a) With effect from 1 October 2022, miners of gold, diamonds, platinum and lithium (and any other precious stone or precious or valuable metal specified by the Bank by notice in a statutory instrument) shall be enjoined to pay fifty percent of royalties due to the State in kind, that is, in the form of the mineral concerned.
(b) The rationale for the legislative changes is to enable the Bank to collect, hold and manage reserve assets for the benefit of the Republic of Zimbabwe and as such all in-kind royalties shall be delivered to the Bank.
(c) The delivery of in-kind royalties to the Bank, and holding, maintenance and subsequent marketing of same, shall be subject to and in compliance with applicable industry practices and regulatory requirements.
(d) It shall be the responsibility of the Bank to facilitate the collection or delivery of the in-kind portion of the royalties and for the avoidance of doubt, only the cash portion shall be collectible by ZIMRA.
(e) In order to ensure that the value of the reserve assets held is preserved or enhanced, the Bank shall have the discretion to determine which prescribed mineral or metal to keep, hold or maintain from time to time, as dictated by prevailing local and international economic conditions and commodity pricing trends.
(f) In line with its mandate to hold, maintain and preserve the value of the reserve assets, where the Bank considers and determines that it is not economical or possible to keep any mineral or metal specified in terms of section 49(1)(c1) of the Reserve Bank of Zimbabwe Act [Chapter 22:15], it shall facilitate and make arrangements that the portion of the royalty payable in kind is converted to cash which the Bank will utilise to procure and purchase another specified mineral or metal, for the equivalent value, which it will keep as a reserve asset.
John P Mangu ya Governor 25 January 2023
</blockquote>
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

RBZ Update On Miners' Payment Of 50% Of Royalties In Gold, Platinum, Diamonds, Lithium

The Reserve Bank of Zimbabwe (RBZ) has announced measures that will be taken to implement the policy which directs miners to pay <a href="https://news.pindula.co.zw/2022/10/01/govt-wants-miners-to-pay-royalties-in-diamonds-gold-platinum/">fifty per cent (50%) of royalties due to the state in the form of the concerned mineral</a>. In a statement seen by Pindula News, the governor of the RBZ, John Mangudya said:
<blockquote>
<h2>COLLECTION, HOLDING AND MANAGEMENT OF RESERVE ASSETS BY THE RESERVE BANK OF ZIMBABWE</h2>
Following amendments to Finance Act [Chapter 23:04] and the Reserve Bank of Zimbabwe Act [Chapter 22:15], respectively providing for, (i) the collection of fifty per centum (50%) of royalties in kind, that is to say, in the form of the mineral concerned, and (ii) the Bank to maintain, over and above gold, reserve assets in the form of diamonds, platinum and lithium (and any other precious stone or precious or valuable metal specified by the Bank by notice in a statutory instrument) in a form and of a purity or of a quality or of a kind specified by the Bank, the Bank wishes to advise miners/mining houses, relevant stakeholders and the public of the following arrangements to implement the legislative changes:
(a) With effect from 1 October 2022, miners of gold, diamonds, platinum and lithium (and any other precious stone or precious or valuable metal specified by the Bank by notice in a statutory instrument) shall be enjoined to pay fifty percent of royalties due to the State in kind, that is, in the form of the mineral concerned.
(b) The rationale for the legislative changes is to enable the Bank to collect, hold and manage reserve assets for the benefit of the Republic of Zimbabwe and as such all in-kind royalties shall be delivered to the Bank.
(c) The delivery of in-kind royalties to the Bank, and holding, maintenance and subsequent marketing of same, shall be subject to and in compliance with applicable industry practices and regulatory requirements.
(d) It shall be the responsibility of the Bank to facilitate the collection or delivery of the in-kind portion of the royalties and for the avoidance of doubt, only the cash portion shall be collectible by ZIMRA.
(e) In order to ensure that the value of the reserve assets held is preserved or enhanced, the Bank shall have the discretion to determine which prescribed mineral or metal to keep, hold or maintain from time to time, as dictated by prevailing local and international economic conditions and commodity pricing trends.
(f) In line with its mandate to hold, maintain and preserve the value of the reserve assets, where the Bank considers and determines that it is not economical or possible to keep any mineral or metal specified in terms of section 49(1)(c1) of the Reserve Bank of Zimbabwe Act [Chapter 22:15], it shall facilitate and make arrangements that the portion of the royalty payable in kind is converted to cash which the Bank will utilise to procure and purchase another specified mineral or metal, for the equivalent value, which it will keep as a reserve asset.
John P Mangu ya Governor 25 January 2023
</blockquote>
<h2><a href="https://news.pindula.co.zw/">More Pindula News</a></h2>

Nearly 20% of local companies reported job cuts during the first nine months of 2022 despite reporting growth in profit post-COVID-19 restrictions, according to the Confederation of Zimbabwe Industries (CZI).
When the pandemic broke out in 2019, most nations had to reevaluate their goals for economic growth as they struggled to slow the virus’s spread and deal with overburdened healthcare systems.
According to the CZI, most companies reported growth in profit post-COVID-19. The CZI’s third-quarter report shows:
<blockquote>
Although job creation is positive, unfortunately, there were also some firms that retrenched workers. This also includes those that created new jobs; about 8% of the firms that created jobs also retrenched, and these are mainly in the wholesale sector, which could reflect casual workers on short contracts.
On the overall, about 17% of the firms indicated that they had retrenched employees during the period under review. The agriculture sector is also among those sectors with a ratio of firms indicating that they had retrenched exceeding the national average. In terms of the actual level, on average, firms that retrenched parted company with about 16% of their total employees over the nine months to September 2022.
The distribution of the retrenchment patterns with respect to age shows that among those that retrenched, firms that are still relatively new (10 years and below) had a higher ratio of workers leaving compared to those fairly older in business.
</blockquote>
The report also shows that almost 41% of the businesses indicated that the profitability of their businesses had improved during the first nine months of 2022.
However, about 28 per cent of the businesses indicated that their profitability had dropped, with close to a third of the businesses believing there were not many changes in profitability. 
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

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