Photographer - Consultant (Zimbabwe)

Design Manager - Consultant (Zimbabwe)

Content Manager - Consultant (Zimbabwe)

Marketing Manager - Consultant (Zimbabwe)

Graduate Trainee Programme 2024

Human Resource Officer (Industrial Relations)

Nurse/ Phlebotomist

Temporary Full-Time Lecturer: Department of Chemical Sciences

General Hand x2

Civil Engineer: Contract (Hwange)

Auto Electrician (Hwange)

Attachee: Sales and Marketing (Harare)

Planning Officer (Bulawayo)

Receptionist (Harare)

Semi-Skilled Cook (Chipinge)

IT Officer

Human Resources Officer

Stores Assistant

Project Coordinator

Graduate Trainee: Agronomy (Chisumbanje)

Estimator – Auto Body Centre Harare

Apprenticeship Trainee- Millwright

Graduate Trainee Program (Traineeship)

Students On Attachment (Various Departments)

Information Technology Graduate Trainee (Chisumbanje)

Counselor

Field Officer

Project Driver (Hwange)

Registered General Nurse (RGN) (Harare)

Intensive Care Nurse (ICN) (Harare)

Sales Agents x50

Tobacco Programmes Officer (Harare)

Payroll Clerk (Harare)

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)

Below are August fees, and charges for Ecocash, Zimbabwe’s largest mobile phone-based money transfer, financing and microfinancing service.

<h2 data-fontsize="21" data-lineheight="33.8167px">Ecocash Fees</h2>
<ul>
<li>The 2% IMT tax now only applies to transactions above $500 ZWL</li>
<li>Transaction values are still capped at $5 000 ZWL</li>
<li>However, you can do up to 7 of these transactions per week</li>
<li>This means the weekly limit is $35 000 ZWL</li>
<li>Wallet to bank charges are below</li>
</ul>
<h2 data-fontsize="18" data-lineheight="25.2px">NB</h2>
<ul>
<li>Cash-in is FREE</li>
<li>Send Money Max $5 000 ZWL per transaction and $35 000 ZWL per week</li>
<li>Pay Merchant Max $5 000 ZWL per transaction</li>
<li>Transactions for less than $1 are FREE</li>
<li>Balance Inquiry $1.50 ZWL</li>
<li>Bank To Wallet is Free</li>
<li>Request Bank Balance $1.50 ZWL</li>
<li>Request Bank Statement $1.50 ZWL</li>
</ul>
<h2 data-fontsize="18" data-lineheight="25.2px">Bank To Wallet</h2>
<ul>
<li>Based on information ascertained by <a href="https://www.techzim.co.zw/2021/01/heres-how-much-your-bank-charges-you-to-do-a-bank-to-ecocash-wallet/">Techzim.</a></li>
</ul>
<h2 data-fontsize="18" data-lineheight="25.2px">Other charges and limits</h2>
<h2>Monthly And Daily Limits</h2>
More: <a href="https://www.techzim.co.zw/2021/01/heres-how-much-your-bank-charges-you-to-do-a-bank-to-ecocash-wallet/">Techzim</a>

Pindula News

Ecocash Calculator, Fees And Limits August

Energy company Zimbabwe Zhongxin Electric Company (ZZEC), is set to commission its 50-megawatt thermal power plant in Hwange in October, the country’s first coal-fired plant owned by a private firm.
Minister Soda told The Sunday Mail Business in an interview that the company was waiting for equipment to evacuate power from the plant to the grid.
He said a 5MW solar plant at Cross Mabele in the Matabeleland North province will be commissioned in the next two weeks while Harava Solar was targeting to start feeding 6MW of electricity onto the national grid before the end of the year. Said minister Soda:
<blockquote>
We did a site visit at ZZEC recently and they assured us by September, the plant will be up and running.
It will open in two phases, starting with25 MW.
</blockquote>
Soda added that the new plant will boost power supplies and narrow the gap between demand and supply since the power generated from the plant will be fed into the national grid.
Zimbabwe is currently producing an average of 1 400MW from its main production plants — Kariba hydroelectric and Hwange Thermal Station.
However, Hwange has of late been unreliable due to frequent breakdowns as the equipment is now too old.
There is, however, a plan to renovate the old plant while two additional new units are being built under the US$1,4 billion deal between Chinese Sino Hydro and Zesa.  The new units, now about 70 per cent complete will add 600MW onto the national grid.
When the extension is complete, Hwange Thermal will have four 120MW units from the first phase, two 220MW units from the second stage and the two 300MW units from the new third phase to give a total capacity of 1 520MW.
Zimbabwe has in recent years one of the most debilitating power shortages that saw some parts of the country<a href="https://news.pindula.co.zw/2019/11/07/zimbabwe-businesses-turn-to-alternative-sources-of-energy/"> going for 18 hours without power at the peak of the crisis.</a>
The Southern African country has also been importing power from South Africa and Mozambique.
More: <a href="https://www.sundaymail.co.zw/zesa-to-compensate-for-power-surge-damages">The Sunday Mail</a>

ZZEC Set To Commission Its 50-Megawatt Thermal Power Plant

Econet Wireless Zimbabwe deputy chief executive officer Roy Chimanikire has won the inaugural Institute of Chartered Accountants Zimbabwe (ICAZ) Excellence in Business Award for 2021.
The ICAZ awards, which honour and recognise the institute’s members, across the world, who have distinguished themselves by making significant contributions in representing, promoting and enhancing the accounting profession and in strengthening the ICAZ brand, were held virtually on Friday (July 30) due to Covid-19 lockdown restrictions.
Chimanikire received the Excellence in Business Award that recognises dynamic and talented members who have stepped out of their comfort zones and shown exemplary achievements in business.
Accepting the award, the senior Econet executive, who has served as the Finance Director for the group, and is currently Deputy CEO, said he was delighted to receive the honour during this difficult time for many businesses and the economy to the COVID pandemic. He said:
<blockquote>
I am pleased to accept this prestigious award from the Institute of Chartered Accountants, which is the inaugural award for the Excellence in Business for 2021. I am so proud to be associated with the institute having been a member for over 20 years now, and in the period I have seen the impact that Chartered Accountants have had on our economy.
As we navigate the challenges we face in our country, I am pleased to be part of what we are doing in this country to make businesses prosper and to fly the brand of the Institute of Chartered Accountants in this market. As the past president of ICAZ I would like to encourage you to be part of the change that we like to see in our country.
</blockquote>
He also thanked his colleagues and friends, and Econet stakeholders and his family as well.
The Institute of Chartered Accountants of Zimbabwe is the oldest and largest professional accountancy organisation in the country, having been set up in January 1918.
More: <a href="https://dailynews.co.zw/econet-deputy-ceo-scoops-top-icaz-award/?_ga=2.261505101.1568257513.1627791268-1463396775.1626842625">Daily News</a>

Econet Deputy CEO Wins Top ICAZ Award

The Zimbabwe International Trade Fair (ZITF) Company last month appointed Dr Nicholas Ndebele and Ms Stella Nkomo, in that order, as the company’s chief executive officer (CEO) and deputy CEO.
Prior to this appointment, Dr Ndebele had been ZITF’s acting general manager while Ms Nkomo was the firm’s marketing and public relations manager.
Dr Ndebele joined the ZITF Company in 2017 as a sales executive and was appointed acting general manager in the following year.
In this role, he was credited with delivering one of the most successful ZITF editions (2019) which attracted wide and critical acclaim from all stakeholders.
Dr Ndebele holds a Doctor of Philosophy Degree (PhD), majoring in Business Leadership from the Gordon Institute of Business Science (GIBS) of the University of Pretoria.
He is also a holder of an Executive Development Program (GIBS), an MSc Marketing from the National University of Science and Technology (Nust), MBA from Midlands State University, Post Graduate Diploma in PR (Nust) and a BBS Honours Degree from the University of Zimbabwe.
Prior to joining ZITF, Dr Ndebele has had a long career in sales, marketing, key account management, and distribution while working at Delta Beverages (then Natbrew), Old Mutual, Population Services International, and Telecel Zimbabwe.
Ms Nkomo holds a Business Leadership Certificate, Zimbabwe Chartered Marketer, MSc Marketing, BSc Journalism and Media Studies (Nust), Marketing Practitioner, and (Marketers Association Zimbabwe) and is also an MSc International Relations Student (UZ).
She has been with ZITF for over 14 years driving the marketing, communications and business development functions of the entity and will continue to manage that portfolio as well in addition to her new duties.
She was also recently sworn in as a Gwanda State University councillor. Ms Nkomo has over the years held various positions as a Business Executive, Non-Executive Director, Board Member, Lecturer and experienced Marketing &amp; Public Relations Executive with a demonstrated history of working in the events management industry.
More: <a href="https://www.sundaynews.co.zw/zitf-new-executive-appointments/">The Sunday News</a>

ZITF Appoints New Chief Executive Officer And Deputy

<h2>PRODUCER PRICE INDEX (FEBRUARY 2019=100) JUNE 2021</h2>
The month on month rate of change in June 2021 was 0.15 per cent gaining 0.15 percentage points on the May 2021 rate of 0.00 per cent.
This means that prices, as measured by the all items #PPI, increased at an average rate of 0.15 per cent from May 2021 to June 2021.
<ul>
<li>The month on month rate of change is given by the percentage change in the index of the relevant month of the current year compared with the index of the previous month in the current year.</li>
</ul>
The group of products that have contributed most to the rise in the index in June 2021 were the manufacture of other food products, manufacture of wearing apparel, mining and quarrying, quarrying of stones, sand and clay and manufacture of vegetables and animal oils and fats.
The rest of the other groups of products did not contribute to the increase or decrease of the index.
The year on year Producer Price Index #PPI rate of change stood at 73.50 per cent in June 2021.
<ul>
<li>The year-on-year inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the same month in the previous year.</li>
</ul>
This means that prices as measured by the all items Producer Price Index #PPI increased at an average rate of 73.50 per cent.
The PPI for the month ending June 2021 stood at 4 617.21 compared to 4 610.45 in May 2021 and 2 661.18 in June 2020.
<h4>More: <a href="https://zero.pindula.co.zw/">Pindula News</a></h4>

Zimstat: Producer Price Index-Second Quarter 2021 | FULL TEXT

<h2>PRODUCER PRICE INDEX FOR AGRICULTURE (JUNE 2020 = 100) – JUNE 2021</h2>
The month on month rate of change in June 2021 was 3.83 per cent gaining 2.40 percentage points on the May 2021 rate of 1.43 per cent.
This means that prices, as measured by the all items #PPIA, increased by an average rate of 3.83 per cent from May 2021 to June 2021.
<ul>
<li>The month-on-month rate of change is given by the percentage change in the index of the relevant month of the current year compared with the index of the previous month in the current year.</li>
</ul>
The products that have contributed most to the rise in the index in June 2021 were poultry, cereals, sheep and goats, vegetables and melons, roots and tubers and citrus fruits. This means high prices were observed in June 2021 on the above items as shown on page 4. The contribution of the rest of the products was insignificant to the rise or fall of the index.
The year on year Producer Price Index for Agriculture #PPIA rate of change stood at 43.62 percent in June 2021.
<ul>
<li>The year-on-year inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the same month in the previous year.</li>
</ul>
This means that prices, as measured by the all items #PPIA, increased by an average rate of 43.62 per cent from June 2020 to June 2021.
The #PPIA for the month ending June 2021 stood at 143.62 compared to 138.32 in May 2021 and 100.00 in June 2020.
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

Zimstat: Producer Price Index For Agriculture - Second Quarter 2021 | FULL TEXT

<h2>BUILDING MATERIALS PRICE INDEX (JUNE 2019=100) – JUNE 2021</h2>
The Building Materials Price Index #BMPI quarterly rate of change in June 2021 was 8.68 per cent gaining 2.32 percentage points on the March 2021 rate of 6.36 per cent.
This means that prices, as measured by the all items BMPI, increased at an average rate of 8.68 per cent from March 2021 to June 2021.
<ul>
<li>The quarterly rate of change is given by the percentage change in the index of the relevant quarter of the current year compared with the index of the previous quarter.</li>
</ul>
The products that have contributed most to the rise in the index in June 2021 were pit sand, bison board, cement, galvanised iron pipes, softwood pine, wooden doors, paint, bolts, copper pipes, corrugated asbestos, river sand, building lime, electrical cables, locks, switch box, wall tiles, steel door frames, conduit, sink, nails, vinyl tiles, water heater, lavatory basin, steel windows, low-level suite, crushed stones, glazed salt piping, guttering gauge and termite poison.
The contribution of the following products was insignificant to the rise or fall of the index. The products are laminated pine, skirting meranti, skirting pine, cupboard, roof tiles, parquet blocks, distributor box and water heater.
The following products, that is, bath shower, tap board, bricks, tank and glass contributed to the decrease of the index.
The year on year Building Materials Price Index #BMPI rate of change stood at 54.43 per cent in June 2021.
<ul>
<li>The year-on-year inflation rate is given by the percentage change in the index of the relevant month of the current year compared with the index of the same month in the previous year.</li>
</ul>
This means that prices as measured by the all items Building Materials Prices Index #BMPI increased at an average rate of 54.43 per cent from March 2020 to March 2021.
The #BMPI for the month ending June 2021 stood at 1,789.60 compared to 1,646.73 in March 2021 and 1,158.82 in June 2020.
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

Zimstat: Building Materials Price Index - Second Quarter 2021 | FULL TEXT

President Emmerson Mnangagwa has directed that restaurants in the key resort town of Victoria Falls operate for extended hours under more relaxed regulations.
The government has for some time been claiming that over 60 per cent of the Victoria Falls population has been fully vaccinated, hence, herd immunity for COVID-19 has been attained.
According to the Ministry of Health and Child Care, as of 26 July, 22 226 people out of a possible 27 000 people eligible for the COVID-19 vaccine, had received their first dose while 17 391 had been fully vaccinated in the city.
Cabinet announced this week the opening of Kazungula and Livingstone border posts to allow tourism activities to resume.
Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa on Friday confirmed the decision by President Mnangagwa to allow restaurant operators to open. She said:
<blockquote>
In line with the decision taken by Cabinet this last Tuesday, July 27 to open Kazungula and Livingstone Border posts in Victoria Falls to tourists who are fully vaccinated, HE President ED Mnangagwa has further directed that this decision be extended to restaurants in Victoria Falls.
Let it be noted that the standing curfew regulations remain in place. The move is being taken cognisant of the fact that Vic Falls has since achieved herd immunity.
This is courtesy of the pilot vaccination programme carried out by our Government in this premier tourist destination.
</blockquote>
Mutsvangwa added that the usual COVID-19 health protocols as enunciated by the Ministry of Health and Child Care, in consent with WHO (World Health Organisation) that is wearing (face) masks, maintaining social distance, sanitising hands and others all stand to be maintained.
<h4>More: <a href="https://www.herald.co.zw/vic-falls-restaurants-allowed-to-open-for-business/">The Herald</a></h4>

Victoria Falls Restaurants Allowed To Open For Extended Hours

Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya says the informal sector is not responsible for pushing the forex rate as informal sector transactions account for only 5% of total payments.
Zimbabwe’s annual inflation rate hits a record low since 2019 this month, falling to 56.37 per cent from 106.6 per cent in June.
Speaking during an interview with State media, Mangudya said that the direction of the exchange rate will, going forward, be influenced by key economic fundamentals, both internal and exogenous. He said:
<blockquote>
Go to Mbare Musika (Market) today and buy say bananas, what (exchange) rate are they using, $110-$120/US$1, so they (informal sector) are not the ones driving the parallel market rate increases.
They depend on the formal sector. What do they sell in the informal sector, cooking oil, sugar, milk?
Have you ever seen the informal sector producing goods? They (informal sector) mostly sell finished products.
Those people do not use rates that are ridiculous as is the case with the formal sector, they are very few.
The problem is from oligopolies and monopolies, that is why we came up with SI 127, to deal with outliers.
</blockquote>
Mangudya said this is a time for Zimbabweans to celebrate as the annual rate of inflation went down from 837.5 per cent in July last year to 56 per cent in a year’s time. He said:
<blockquote>
It is a record that has not happened anywhere. So, we need to continue (on the current trajectory) and as the central bank governor, the question is ‘How do we anchor inflation expectations?
</blockquote>
The RBZ Governor projects inflation to fall further to between 20 and 30 per cent by December on account of the international commodity price boom, growth in exports and the bumper harvest, among other things.
<h4>More: <a href="https://www.chronicle.co.zw/informal-sector-market-rate-wont-trigger-inflation-mangudya/">Chronicle</a></h4>

Informal Sector Not Responsible For "Ridiculous" Forex Rate - Mangudya

Here are some of the job vacancies that were advertised recently you may be interested in.
<h2>MARKETING OFFICER – Zimbabwe National Road Administration (ZINARA)
Station: Harare</h2>
Closing Date: 06 August 2021
Applications are invited from suitably qualified candidates to fill the following post:
MARKETING OFFICER
JOB PURPOSE
The position exists to plan, develop, implement, and monitor the overall business marketing strategy for ZINARA.
Oversee the organization’s marketing activities and campaigns.
The candidate will be responsible for ensuring that all marketing operations are successful in meeting the goals set
The incumbent reports to the PR and Marketing Manager
<h2>DUTIES AND RESPONSIBILITIES:</h2>
<ul>
<li>Contributing to the implementation of marketing strategies and activities</li>
<li>Supporting the PR and Marketing Manager in overseeing the department’s marketing operations</li>
<li>Organizing and attending marketing activities or events to raise brand awareness.</li>
<li>Plan advertising and promotional campaigns for products or services on a variety of media (social media, website print etc.)</li>
<li>Liaise with stakeholders to promote products and services to enhance the company’s presence.</li>
<li>Prepare content for the publication of marketing material and oversee distribution</li>
<li>Conduct market research to identify opportunities for promotion and growth.</li>
<li>Write, edit and proofread marketing material for use in different channels.</li>
<li>Preparing marketing budgets and monitoring expense</li>
<li>Track and record project results and amend marketing measures</li>
<li>Identify, study and test market patterns and trends. Help create customer database.</li>
<li>Research to target the best audience and maximize reach.</li>
<li>In liaison with the PR and Marketing Manager, develop effective marketing and sales campaigns.</li>
</ul>
<h2>EDUCATION, PROFESSIONAL QUALIFICATIONS AND WORK EXPERIENCE</h2>
<ul>
<li>5 0’Levels including Maths and English</li>
<li>Degree in Marketing or equivalent IMM Diploma an added advantage</li>
<li>Three years work experience in a similar role</li>
<li>Knowledge of E-Commerce</li>
<li>Outstanding ICT and interpersonal skills</li>
<li>Outgoing ICT and interpersonal skills.</li>
<li>Outgoing personality</li>
</ul>
<h2>TO APPLY:</h2>
Application letters with detailed resumes, certified copies of academic and professional certificates with three traceable referees should be submitted not later than 4:30 p.m. on 6 August 2021 to:
Director Administration &amp; Human Resources
Zimbabwe National Road Administration
489 Runiville, Glenroy Crescent,
Highlands,
Harare Or send via email to: <a href="mailto:vacancies@zinara.co.zw">vacancies@zinara.co.zw</a>
Applicants can also lodge their applications at the nearest ZINARA Provincial Offices
NB: Those who responded to the first advert need not reapply
<h2><a href="https://jobs.plan-international.org/job/Chipinge-and-Mutare-Clerical-OfficerDriver/696775601/?fbclid=IwAR1iCqpDwjyFAVW41jMWaPz6AiVC72KvC7QN5FfY_lXSeRvOZloHz-ahlyM">Clerical Officer Driver x 2: Plan International</a></h2>
Station: Manicaland
Closing Date: 02 August 2021
Location: Chipinge and Mutare, Zimbabwe
Company: Plan International
<div class="job">
<h2>This position is open to Zimbabwean nationals</h2>
Type of role: Fixed Term Contract
Closing Date: 2 August 2021
</div>
<h2><a class="extlink https" href="https://jobs.plan-international.org/job/Chipinge-and-Mutare-Clerical-OfficerDriver/696775601/?fbclid=IwAR1iCqpDwjyFAVW41jMWaPz6AiVC72KvC7QN5FfY_lXSeRvOZloHz-ahlyM" rel="noopener" target="_blank">APPLY HERE</a></h2>
<h2></h2>
<h2 class="h4 mb-4">Research Assistant: Midlands State University (MSU)</h2>
<div class="card-text">
Station: Gweru
Closing Date: 30 July 2021
PRO VICE-CHANCELLOR: BUSINESS INNOVATION AND ENTERPRISE DEVELOPMENT
Research Assistant:  One (1) Post
The Council of Midlands State University invited applications for the above-stated posts.
<h2>APPLICATIONS</h2>
Applicants must submit six sets of applications, certified copies of certificates, transcripts, national identification and Curriculum Vitae giving full personal particulars including full names, date of birth, qualifications, experience, present salary, date of availability, contact details, names and addresses of three referees addressed to:
The Deputy Registrar – Human Resource
Midlands State University
P Bag 9055
Gweru
The application pack should be sent as a single merged pdf file to the email address: <a href="mailto:academicrecruitment@staff.msu.ac.zw">academicrecruitment@staff.msu.ac.zw</a>. The subject line should be labelled with the post being applied for.
The closing date for applications is Friday, 30 July 2021. Note that only short-listed candidates will be communicated to.
</div>

JOBS, JOBS, JOBS: Zinara, Plan International, MSU

The Zimbabwe dollar further weakened against the US dollar on the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday 20 June 2021.
Last week the weighted average was US$1: ZWL$85.6372, falling to US$1: ZWL$85.6402 this week.
This week, US$10 million was allocated to the Small to Medium Enterprises forex auction while US$37 million was allocated to the main forex auction.
In total, US$47 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment.

<ul>
<li><a href="https://news.pindula.co.zw/2021/07/06/rbz-forex-auction-results-06-july-2021/" rel="bookmark" title="RBZ Forex Auction Results – 06 July 2021">RBZ Forex Auction Results – 06 July 2021<abbr title="5.000000 is the YARPP match score between the current entry and this related entry. You are seeing this value because you are logged in to WordPress as an administrator. It is not shown to regular visitors."></abbr></a></li>
<li><a href="https://news.pindula.co.zw/2021/03/30/zimbabwe-dollar-loses-further-ground-against-the-us-dollar/" rel="bookmark" title="Zimbabwe Dollar Loses Further Ground Against The US Dollar">Zimbabwe Dollar Loses Further Ground Against The US Dollar<abbr title="4.000000 is the YARPP match score between the current entry and this related entry. You are seeing this value because you are logged in to WordPress as an administrator. It is not shown to regular visitors."></abbr></a></li>
<li><a href="https://news.pindula.co.zw/2021/04/20/rbz-forex-auction-zimbabwe-dollar-firms-against-usd/" rel="bookmark" title="RBZ Forex Auction: Zimbabwe Dollar Firms Against USD">RBZ Forex Auction: Zimbabwe Dollar Firms Against USD</a></li>
</ul>
682 bids were received on the Small to Medium enterprises forex auction, with 626 accepted and 56 disqualified.
On the main forex auction, a total of 394 bids were received, 356 were accepted while 38 were disqualified.
<a href="https://www.pindula.co.zw/Reserve_Bank_of_Zimbabwe">The Reserve Bank of Zimbabwe (RBZ)</a> said bids that were disqualified were not eligible in terms of the Priority List.
Bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified.
Some bids were allotted on a pro-rata basis to conform with the Import Priority List, the RBZ said. Below is the RBZ summary of the forex auction:
<table class="table table-bordered table-hover" id="table_2">
<tbody>
<tr>
<td title="Character Accurarcy=98.49">Number of Bids Received :</td>
<td title="Character Accurarcy=99.87">SME
682</td>
<td title="Character Accurarcy=99.69">Main
394</td>
</tr>
<tr>
<td title="Character Accurarcy=98.92">Number of Bids Disqualified :</td>
<td title="Character Accurarcy=99.95">56</td>
<td title="Character Accurarcy=99.96">38</td>
</tr>
<tr>
<td title="Character Accurarcy=99.83">Total Number of Bids Accepted :</td>
<td title="Character Accurarcy=99.96">626</td>
<td title="Character Accurarcy=99.97">356</td>
</tr>
<tr>
<td title="Character Accurarcy=99.82">Total Number of Bids Allotted :</td>
<td title="Character Accurarcy=99.96">626</td>
<td title="Character Accurarcy=99.98">356</td>
</tr>
<tr>
<td title="Character Accurarcy=99.62">Total Value of Bids Accepted :</td>
<td title="Character Accurarcy=98.3">USD9,933,403.94</td>
<td title="Character Accurarcy=94.32">USD37,242,121.28</td>
</tr>
<tr>
<td title="Character Accurarcy=99.12">Amount Allotted :</td>
<td title="Character Accurarcy=98.04">USD9,933,403.94</td>
<td title="Character Accurarcy=93.68">USD37,242,121.28</td>
</tr>
<tr>
<td title="Character Accurarcy=99.47">Highest Rate Received :</td>
<td title="Character Accurarcy=97.43">92.0000</td>
<td title="Character Accurarcy=96.85">91.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.36">Lowest Bid Rate Received :</td>
<td title="Character Accurarcy=95.97">82.0000</td>
<td title="Character Accurarcy=95.51">82.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.37">Lowest Bid Rate Allotted :</td>
<td title="Character Accurarcy=96.68">82.0000</td>
<td title="Character Accurarcy=96.01">82.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.25">Weighted Average Rate :</td>
<td title="Character Accurarcy=99.28">85.6402</td>
</tr>
</tbody>
</table>
<table class="table table-bordered table-hover" id="table_1">
<tbody>
<tr>
<td title="Character Accurarcy=99.5">PURPOSE</td>
<td title="Character Accurarcy=99.79">AMOUNT ALLOTTED SME AUCTION</td>
<td title="Character Accurarcy=99.83">AMOUNT ALLOTTED MAIN AUCTION</td>
</tr>
<tr>
<td title="Character Accurarcy=99.88">Raw Materials</td>
<td title="Character Accurarcy=99.6">2,618,337.54</td>
<td title="Character Accurarcy=99.73">14,262,215.75</td>
</tr>
<tr>
<td title="Character Accurarcy=99.93">Machinery and Equipment</td>
<td title="Character Accurarcy=99.71">2,571,114.31</td>
<td title="Character Accurarcy=99.91">8,981,866.50</td>
</tr>
<tr>
<td title="Character Accurarcy=99.46">Consumables (Incl. Spares, Tyres, Electricals, etc)</td>
<td title="Character Accurarcy=99.84">1,848,155.35</td>
<td title="Character Accurarcy=99.85">1,896,941.25</td>
</tr>
<tr>
<td title="Character Accurarcy=99.18">Services (Loans, Education, Dividends, Disinvestments, etc)</td>
<td title="Character Accurarcy=99.82">711,992.69</td>
<td title="Character Accurarcy=99.73">2,137,154.25</td>
</tr>
<tr>
<td title="Character Accurarcy=99.48">Retail and Distribution (Incl. Food, Beverages, etc)</td>
<td title="Character Accurarcy=99.84">862,967.10</td>
<td title="Character Accurarcy=99.7">4,332,677.09</td>
</tr>
<tr>
<td title="Character Accurarcy=99.75">Fuel, Electricity and Gas</td>
<td title="Character Accurarcy=99.82">286,143.71</td>
<td title="Character Accurarcy=99.92">1,987,585.65</td>
</tr>
<tr>
<td title="Character Accurarcy=99.47">Pharmaceuticals and Chemicals</td>
<td title="Character Accurarcy=99.94">732,787.66</td>
<td title="Character Accurarcy=99.71">2,900,273.71</td>
</tr>
<tr>
<td title="Character Accurarcy=99.72">Paper and Packaging</td>
<td title="Character Accurarcy=99.93">301,905.58</td>
<td title="Character Accurarcy=99.91">743,407.07</td>
</tr>
<tr>
<td title="Character Accurarcy=99.65">TOTAL</td>
<td title="Character Accurarcy=99.82">9,933,403.94</td>
<td title="Character Accurarcy=97.88">37,242,121.28</td>
</tr>
<tr>
<td title="Character Accurarcy=99.76">GRAND TOTAL AWARDED</td>
<td title="Character Accurarcy=0"></td>
<td title="Character Accurarcy=99.86">47,175,525.22</td>
</tr>
</tbody>
</table>
More: <a href="https://news.pindula.co.zw">Pindula News</a>

RBZ Foreign Currency Auction Results: 27/07/2021

Zimbabwe National Statistics Agency (ZIMSTAT) has reported that Zimbabwe’s annual inflation for July dropped to less than 60 per cent from more than a hundred the previous month.
Data from ZIMSTAT shows that for the first time since July last year, annual inflation has dropped to double-digit figures.
The agency notes that the trend means prices increased by 56.37 per cent between July last year and the same month this year.
ZIMSTAT has also cited the foreign currency auction system which has stabilised the local dollar against major currencies as the main element in the reduction of annual inflation, a development that has been well received by consumers.
Treasury and the central bank have also hinted on restoring increased purchasing power for consumers through tight inflation control measures.
Zimstat reveals inflation which refers to the rate at which prices are increasing over a given period of time has dropped to 56 per cent this month from 837 per cent in July last year. Said the agency in a statement:
<blockquote>
<h2>Consumer Price Index— July 2021</h2>
The month on month inflation rate in July 2021 was 2.56 percent shedding 1.32 percentage pints on the June 2021 rate of 3.88 percent.
The year on year inflation rate (annual percentage change) for the month of July 2021 as measured by the all items Consumer Price Index CPI stood at 56.37 percent.
The #1CPI for the month ending July 2021 stood at 3,062.93 compared to 2, 986.44 in June 2021 and 1,958.72 in July 2020.
<h2>Blended Consumer Price Index— July 2021</h2>
The month on month inflation rate in July 2021 was 0.67 percent shedding 3.82 percentage points on the June 2021 rate of 4.49 percent.
The year on year inflation rate (annual percentage change) for the month of July 2021 as measured by the all items blended Consumer Price Index #BCPI stood at 21.61 percent.
The blended CPI for the month ending July 2021 stood at 121.61 compared to 120.80 in June 2021 and 100.00 in July 2020.
<h2>POVERTY DATUM LINES – JULY 2021</h2>
<h2>Main Findings</h2>
• The Food Poverty Line (FPL) for one person in July 2021 was $4,379.00.
• The Total Consumption Poverty Line (TCPL) for one person stood at $6,126.00 in July 2021.
<h2>Concepts and Definitions of the Lower Bound Poverty Line</h2>
With effect from November 2020, ZIMSTAT is now producing the Poverty Datum Lines (PDL) using the lower bound poverty line. The method refers to the sum of food poverty line and the average amount derived from non-food items of households whose total expenditure is equal to the food poverty line.
The food poverty line (FPL) represents the amount of money that an individual will require to afford the minimum required daily energy intake of 2 100 calories.
The total consumption poverty line (TCPL) which is naturally higher than the FPL was derived using 2017 PICES data and using the lower bound poverty line method. It was derived by computing the non-food consumption expenditures of poor households whose consumption expenditures were just equal to the FPL. The amount was added to the FPL, if an individual does not consume more than the TCPL, he or she is deemed poor. For more details, the user is referred to a more recent publication by ZIMSTAT, Zimbabwe Poverty Update 2017-19.
<h2>Detailed Results</h2>
The food poverty line (FPL) as at July 2021 stood at $4,379.11. This means that the minimum needs basket cost that much per person in June 2021. This represents an increase of 2.5 percent over the June 2021 figure of $4,271.85.
The Total Consumption Poverty Line (TCPL) for Zimbabwe stood at $6,126.41 per person in July 2021. This means that an individual required that much to purchase both non-food and food items as at July 2021 in order not to be deemed poor. This represents an increase of 2.5 percent when compared to the June 2021 figure of $5,974.89.
The poverty datum lines vary by province as prices vary from place to place. The differences are explained by differences in average prices in the provinces.
The quantities of commodities consumed at base year in the minimum needs basket which is consistent with the preferences of the poor individuals and households in Zimbabwe are fixed. The variations in the value of the basket are explained by changes in average prices.
<h2>NOTE:</h2>
• The TCPL of $6,126.00 represents the total income needed for an individual (with all their income added together) as a minimum for them not to be deemed poor.
• ZIMSTAT produces the official Poverty Datum Lines which are not comparable to cost of living indicators produced by other players in the market.</blockquote>
<h2>Inflation stood at 837.53% in July 2020. This is how inflation has trended since then.</h2>
<h2>More: <a href="https://news.pindula.co.zw">Pindula News</a></h2>

Zimbabwe’s Annual Inflation For July Dropped To Less Than 60%

Mango Airlines has temporarily suspended all flights over outstanding payments to the Air Traffic Navigation Services.
In a statement released on Tuesday, the airline said the fights had been suspended from Tuesday until further notice.
This comes after growing financial difficulties at the carrier despite the South African parliament having approved a special allocation of 2.7 billion Rand ($182.3 million) for SAA subsidiaries.
Mango acting CEO William Ndlovu said in a statement:
<blockquote>Senior management and our shareholder are locked-in in emergency discussions to find an amicable solution to this impasse.</blockquote>
The embattled airline’s staff are said to have been working without payment for the past two months and it’s not clear whether the 700 employees will be paid anytime soon.
SAA Chief Executive Officer, Thomas Kgokolo Monday confirmed that Mango Airlines will be placed under business rescue, a local form of bankruptcy protection.
In April Mango briefly halted flights because of outstanding payments to Airports Company South Africa.
More: <a href="https://news.pindula.co.zw">Pindula News</a>; <a href="https://www.enca.com/news/mango-airlines-go-business-rescue">eNCA</a>

SA: Mango Airlines Has Suspended Flights Over Outstanding Payment

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has announced that there will be a planned interruption of power supply in the Harare region. ZETDC said the power interruption will be for the purpose of carrying maintenance works.
<div class="row justify-content-center">
<table class="table table-bordered table-hover" id="table_1">
<tbody>
<tr>
<td title="Character Accurarcy=99.98">Date</td>
<td title="Character Accurarcy=99.99">Time</td>
<td title="Character Accurarcy=99.94">Areas affected</td>
</tr>
<tr>
<td title="Character Accurarcy=99.95">Wednesday 28 July 2021</td>
<td title="Character Accurarcy=99.94">0600 to 1800 hours</td>
<td title="Character Accurarcy=99.23">Lower Hillside, Craneborne, Queensdale and Wilmington</td>
</tr>
<tr>
<td title="Character Accurarcy=99.96">Wednesday 28 July 2021</td>
<td title="Character Accurarcy=99.95">0600 to 1800 hours</td>
<td title="Character Accurarcy=99.64">Hellesvale, Greystone Park, Elshaddai, Blue Roof area, Borrowdale Brooke, Blue Hessel, Quinnington and the surrounding areas</td>
</tr>
<tr>
<td title="Character Accurarcy=99.96">Wednesday 28 July 2021</td>
<td title="Character Accurarcy=99.94">0600 to 1800 hours</td>
<td title="Character Accurarcy=99.55">Greendale: parts of Donnybrook, Athlone shopping centre, Victory avenue, Hopley, Ferguson, Milbrook, Prue close, Fallon, Vernon, Abel, Michael, Latimer, Gelcon, parts of Harare Drive, Cleveland road, Wyler, Terry and Louis road. Msasa Industrial area: Pick n Pay msasa, Danhiko college, GMB msasa, Beta Concrete plant, Redan Gas msasa, Loreley close, N Richard’s msasa, Cleveland game park</td>
</tr>
</tbody>
</table>
</div>
<h2>The ZESA subsidiary urged users to treat all circuits as LIVE during that period as power may be restored without notice.</h2>
<h2>More: <a href="https://news.pindula.co.zw">Pindula News</a></h2>

ZETDC: Planned Interruption Of Power Supply Notice

The Minister of Information, Publicity and Broadcasting Services, Senator Monica Mutsvangwa has said the government is putting measures in place to deal with inflation, an issue she described as a weapon used to effect regime change.
She made the remarks while addressing Senate on Thursday during which she also claimed that the government had unearthed empirical evidence to show that the country’s inflation was created to forestall efforts towards reviving the country’s economic fortunes.
Mutsvangwa was responding to opposition legislators who blamed Statutory Instrument (SI) 127 of 2021, meant to curb foreign currency black market activities, for fuelling inflation in the country. She said:
<blockquote>Generally, the economy of this country has done very well. It is doing extremely well to the point where even the International Monetary Fund and World Bank are actually applauding the government for what the dream team in the fiscal and monetary policies are doing.
There are a number of things which the President (Emmerson Mnangagwa) and the government have done to make sure that we deal with the issue of the weapon of inflation, which has been used in this country by dominant post-imperial colonialists to just make sure that there is regime change in this country.</blockquote>
Senator Mutsvangwa also claimed that the introduction of the SI and the introduction of the forex auction frustrated efforts to destabilise the economy.
She said while transformation cannot be felt overnight, there is a great difference between the status quo and the situation that prevailed in June 2020 before the SI 127.
Mutsvangwa said while the parallel market was still in existence, the parallel market rate is no longer controlling the economy as it did back then before the statutory instruments were put in place.
President Emmerson Mnangagwa’s government has always claimed that there were economic saboteurs choking efforts to revive the economy.
Some observers claim the said saboteurs are within the ruling ZANU PF as they fear a change in the state of affairs will leave them worse off.
More: <a href="https://news.pindula.co.zw">Pindula News</a>; <a href="https://www.newsday.co.zw/2021/07/inflation-a-regime-change-tool/">NewsDay</a>

Inflation A Weapon Used To Effect Regime Change - Govt

Informal traders in rural areas are struggling to stay afloat due to successive COVID-induced lockdowns, with most of them failing to develop marketplaces on social networks like Whatsapp, Facebook and Twitter.
In Manicaland Province, rural informal traders including vegetable vendors, clothes vendors, potters, carpenters, bricklayers, cooked food stall vendors usually ply their trade at growth points and business centres.
The major service centres in the province include Murambinda, Watsomba, Hauna, Nyamaropa, Chiendambuya, Checheche and Nhedziwa.
Zimbabwe Chamber of Informal Economy Associations (ZCIEA) president, Benita Goneso said there is a need for all informal traders to embrace digital platforms regardless of their location.
She however acknowledged that most rural informal traders do not have the required gadgets or internet access to create their own digital marketplaces. Said Goneso:
<blockquote>Our prayer is for our rural informal traders to also find a platform to market their wares profitably. They can do this using the digital marketplaces that their urban counterparts are using.
It has, however, come to our attention that our rural-based traders lack the technology for them to be online and so we are hoping that development partners will assist them with the digital skills as well as the equipment so that they can earn a living and look after their families.</blockquote>
She also observed that the ban on intercity travel has disrupted the normal trading food chain as most urban traders depend on buying wares from rural traders.
Speaking in separate interviews with The Manica Post, Gibson Mudemaunga, a potter who plies his trade at Murambinda Growth Point in Buhera, and Anna Mataure of Watsomba, said selling their products have become a challenge and COVID-19 may wipe out their traditional physical marketplace.
<h4>More: <a href="https://www.manicapost.co.zw/covid-19-rural-traders-feel-the-heat/">Manica Post</a></h4>

Rural Traders Urged To Create Digital Marketplaces

Zimbabwe is losing 160 000kg of fillet beef steak per month to smuggling through the country’s porous borders.
According to Business Times, the smuggling involves a meat cartel coordinated by four leading abattoirs who channel the product through Mozambique in transit to European and Asian markets.
The abattoirs (names supplied) bribe officers at Zimbabwe’s borders, meaning the country is losing millions of dollars through smuggling.
Business Times reported sources as saying that one animal has about 8kg of fillet steak and abattoirs across the country slaughter about 20 000 cattle on average per month, translating to about 160 000kg a month. Said the source:
<blockquote>….The country has been slaughtering an average of 20,000 beasts per month. Therefore, that means the country has been producing 160,000kg of fillet steak but you will never see that steak in butcheries and shop shelves
This special type of steak is smuggled every day to European and Asian markets through Mozambique by a cartel consisting of four abattoirs. This cartel has been making a killing out of this smuggling taking advantage of the country’s porous borders.
This is the real business driving the operations of these abattoirs. They have been the biggest masterminds of smuggling fillet steak mostly to Mozambique.
This means the cartel is racking in close to US$3m every month from this well-orchestrated smuggling ring.</blockquote>
The Zimbabwe Anti-Corruption Commission (ZACC) spokesperson John Makamure said the anti-graft commission will act once a complaint has been lodged.
Contacted for comment by Business Times, the Minister of Industry and Commerce, Sekai Nzenza said she had not received reports on the smuggling of fillet beef steak. Said Nzenza:
<blockquote>I have not heard about this but I think it’s a very serious matter to be investigated. Abattoirs would fall under agriculture but of course, we oversee processing and pricing. We would need to find out more.</blockquote>
The publication said it could not get a comment from the Minister of Lands, Agriculture, Fisheries, Water and Resettlement, Anxious Masuka.
<h4>More: <a href="https://businesstimes.co.zw/beef-export-scam-exposed-rocks-zim/">Business Times</a></h4>

Four Major Abattoirs Fingered In Fillet Beef Export Scam

<h2>Econet steps up its sustainability drive, joins the United Nations Global Compact initiative</h2>
Econet Wireless Zimbabwe has taken a major step in demonstrating its commitment to sustainable development by becoming a participant in the United Nations Global Compact (UNGC), the world’ largest corporate sustainability initiative.
The UNGC brings together businesses from across the globe to implement principles of sustainable development and corporate responsibility. It currently has more than 13 000 companies in over 160 countries.
The initiative encourages organisations to align their strategies and operations with universally accepted principles of environment, social, governance and human rights, as well as the Sustainable Development Goals, among others.
Econet Chief Executive Officer Douglas Mboweni said becoming a member of the UNCG was part of the mobile telecommunications organization’s commitment to sustainability. He said:
<blockquote>
This is an important step in Econet’s sustainability journey for which we have the full support and backing of our entire board of directors.
As a UNGC participant, we will be able to leverage the initiative’s vast global network of participants to embed sustainability into our core strategies and operations.
We very much look forward to working with member organizations to advance sustainability through this initiative, drawing inspiration from others, and hoping that some organizations will learn from our own experiences.
</blockquote>
Econet’s sustainability journey began more than 20 years ago when the company started supporting Higherlife Foundation to provide access to education for vulnerable and underprivileged children, as well as to fund educational opportunities for gifted and talented students through scholarships.
To date, the programme has impacted over 250 000 students. In the ensuing years the company, through its partner foundation, has gone on to support various public healthcare initiatives, disease prevention, leadership development and disaster management.
Under the new commitment, Econet will strengthen its existing Environmental, Social and Governance (ESG) activities, while aligning them with the company’s vision and mission, and with the UN’s SDGs to ensure that the group scales its social and environmental impact in the markets it serves.
Mboweni said Econet, which is listed on the Zimbabwe Stock Exchange, was committed to ensuring that in delivering its products and services it intentionally promotes sustainability. He said:
<blockquote>
We are committed to promoting sustainability across our value chain. At the national level, we are also committed to supporting our country’s pledge to achieve energy emissions per capita that are 33% below the projected ‘business as usual’ level by the year 2030.
</blockquote>
To achieve some of its sustainability goals, Econet recently partnered with its renewable energy sister company, Distributed Power Africa (DPA), to reduce the company’s diesel consumption by 80% over the next few years through the use of solar and lithium batteries. Added Mboweni:
<blockquote>
We will continue to leverage our partnerships, both within our group and with like-minded organizations, and to use technology to drive corporate social investment in multiple sectors, including in the financial services sector, in healthcare delivery, agriculture and education – to name a few.
</blockquote>
Econet, which developed EcoCash – the highly popular and award winning-mobile money platform that it spun off in December 2018 under Cassava Smartech Zimbabwe – has been one of the biggest contributors to financial inclusion in Zimbabwe.
Cassava Smartech is listed on the Zimbabwe Stock Exchange and is itself a participant in UNGC.
The EcoCash mobile money platform has integrated millions of previously excluded members of the population into formal financial services, empowering millions of individuals and hundreds of thousands of small businesses process.
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

Econet Wireless Joins UNGC Sustainability Initiative

The recent deadly riots in South Africa’s Kwazulu-Natal and Gauteng Provinces which resulted in the looting of malls and warehouses and the closure of busy highways have forced Zimbabwean business people to rethink their country’s unhealthy overdependence on its neighbour.
Writing on Twitter almost immediately after the outbreak of the riots in South Africa, Busisa Moyo, a respected business leader in Zimbabwe, presciently warned:
<blockquote>The disturbances in SA will affect the entire region. We will all feel it in the next few days. Conserve cash, food, raw materials and other necessities.
The region especially Zimbabwe is not ready for a life without a functional Durban Port and key roads the N3 and N1.</blockquote>
According to estimates, the riots caused damage of US$2 billion. While calm is returning to South Africa and the N3 that connects Durban to the commercial capital Johannesburg has been reopened, Zimbabwe is still counting the cost of the riots.
Butler Tambo, a Zimbabwean independent economic analyst, warned that prices of goods will skyrocket. He said:
<blockquote>Countries like Zimbabwe with industrial capacity utilisation of less than 60% are landlocked and rely on South African ports of entry for vital imports.
Prices of basic commodities in Zimbabwe will further skyrocket, that is if the products will still be there on shop floors.
Unemployment will rise in SA, meaning that an estimated one million Zimbabweans in that country will become part of the unemployed.
Diaspora remittances from SA will significantly drop, meaning massive and abject poverty for Zimbabwean families reliant on remittances from that country.
Add to this tragic tale the lockdowns and restrictions under COVID-19, and it becomes a ghastly sight.
When the opportunities for employment shrink in SA, the next chapter is that xenophobia will rear its ugly head again and foreigners will be blamed for the mess lying ahead.</blockquote>
According to the Confederation of Zimbabwe Industries (CZI), Zimbabwe imports 58% of its raw materials from SA, while only 7% are imported from other countries in SADC.
Europe is the source of 13% of Zimbabwe’s imports and China accounts for 11%.
<ul>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/07/13/zimbabwe-will-soon-start-feeling-the-pain-of-looting-in-sa/">“Zimbabwe Will Soon Start Feeling The Pain Of Looting In SA”</a></li>
</ul>
Sekai Kuvarika, the CEO of the CZI, says Zimbabwe’s industry is definitely going to be affected by the unrest in SA as most of its raw materials come from SA. She said:
<blockquote>We may not be able to immediately quantify the impact, but Zimbabwe’s industry is certainly going to be affected in the short to medium term.
Our industry’s capacity utilisation improved to nearly 58% over the past year, up from about 36% in 2019.
The closure of the major routes used for the transportation of raw materials and other goods — though they may now have reopened — means that production will be affected.
This in turn might see a dip in capacity utilisation in the short to medium term.</blockquote>
Researcher Prosper Chitambara of the Labour and Economic Development Research Institute of Zimbabwe says Zimbabwe should consider increasing the use of other ports of entry in Mozambique, Namibia and Tanzania for its imports. Said Chitambara:
<blockquote>It is important in the medium to long term for Zimbabwe to make use of other routes for imports, especially those that do not necessarily originate from SA.
It is clear that too much reliance on SA can have serious negative consequences, as we are seeing in the current scenario.</blockquote>
Alois Burutsa, the general manager of Buy Zimbabwe, a lobby organisation that seeks to promote the consumption of locally produced goods and services, said:
<blockquote>What we are saying as Buy Zimbabwe is that we need to greatly reduce our dependency or reliance on foreign products, foreign raw materials and foreign finished products, and consume locally produced goods and services.
We are also in full support of the government’s local content policy, as it is now more critical for us as a nation to localise our value chains and start getting our raw materials locally so that we become as self-reliant as possible as a nation to avoid such exogenous shocks.</blockquote>
<h4>More: <a href="https://www.timeslive.co.za/news/south-africa/2021-07-23-after-the-looting-spree-neighbours-reconsider-their-dependence-on-sa/">TimesLive</a></h4>

Zimbabwean Businesses Reassess Overdependence On South Africa

TelOne has directed its unvaccinated staff to go on leave with immediate effect and withdrew the COVID-19 allowance for all those in the same category.
In an internal staff notice signed by corporate services director, Hopewell Zinyau, TelOne said it was decongesting its offices and there would be staff rotation to ensure the provision of essential services.
Under this arrangement, the landline and data service operator has divided teams into two groups with one group working from home and another working from the office using one-week rotation cycles. The notice reads in part:
<blockquote>As such, staff will be required to immediately take vacation leave starting with those that are not vaccinated.
This is especially because unvaccinated individuals are at the highest risk of the effects of the COVID-19 virus, while also posing a great risk to all other staff and the company’s business continuity.
Staff are advised that besides this being good protection for themselves, the company may soon take further measures against the unvaccinated in order to protect vaccinated staff members and the business.</blockquote>
The company has also suspended all physical meetings in favour of virtual proceedings in addition to strict social distancing requirements. It said:
<blockquote>Only client services sections remain open to clients with strict adherence to social distancing, masking and hand sanitising.</blockquote>
TelOne corporate communications manager, Melody Harry, told the Chronicle that the company was taking seriously the intensification of the COVID-19 situation in the country.
<ul>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/07/17/gmb-threatens-to-fire-unvaccinated-workers/">GMB Threatens To Fire Unvaccinated Workers</a></li>
</ul>
She said the company would continue to support affected staff members through facilitating testing and care in the event of testing positive.
<h4>More: <a href="https://www.chronicle.co.zw/unvaccinated-telone-staff-to-go-on-leave/">Chronicle</a></h4>

TelOne Sends Unvaccinated Staff On Leave

<div>
<div>
ZOL has announced a massive data price increase with the new pricing for ZOL’s packages is now structured as follows:
<h2>The new prices are listed below</h2>
<table width="0">
<thead>
<tr>
<td>
<h2>Package Name</h2>
</td>
<td>
<h2>Data</h2>
</td>
<td>
<h2>USD</h2>
</td>
<td>
<h2>Z$</h2>
</td>
</tr>
</thead>
<tbody>
<tr>
<td colspan="4">
<h2>Home</h2>
</td>
</tr>
<tr>
<td>Fibroniks Zoom</td>
<td>10GB (Pay As You Go)</td>
<td>11</td>
<td>942</td>
</tr>
<tr>
<td>Fibroniks Lite</td>
<td>40GB (Pay As You Go)</td>
<td>29</td>
<td>2,485</td>
</tr>
<tr>
<td>Fibroniks Lite + Night Owl</td>
<td>40GB (Pay As You Go) + 40GB (Night Owl)</td>
<td>35</td>
<td>2,998</td>
</tr>
<tr>
<td>Fibroniks Basic Essentials</td>
<td>50GB (Pay As You Go)</td>
<td>39</td>
<td>3,340</td>
</tr>
<tr>
<td>Fibroniks Basic Essentials + Night Owl</td>
<td>50GB (Pay As You Go) + 50GB (Night Owl)</td>
<td>47</td>
<td>4,025</td>
</tr>
<tr>
<td>Fibroniks Family Essentials</td>
<td>100GB (Pay As You Go)</td>
<td>89</td>
<td>7,622</td>
</tr>
<tr>
<td>Fibroniks Family Essentials + Night Owl</td>
<td>100GB (Pay As You Go) + 100GB (Night Owl)</td>
<td>105</td>
<td>8,992</td>
</tr>
<tr>
<td>Fibroniks Come Alive</td>
<td>150GB (Pay As You Go)</td>
<td>100</td>
<td>8,564</td>
</tr>
<tr>
<td>Fibroniks Family Entertainment</td>
<td>Unlimited</td>
<td>149</td>
<td>12,760</td>
</tr>
<tr>
<td>Fibroniks Modern Family</td>
<td>Unlimited</td>
<td>199</td>
<td>17,042</td>
</tr>
<tr>
<td>Fibroniks Power Pack</td>
<td>Unlimited</td>
<td>259</td>
<td>24,834</td>
</tr>
<tr>
<td>Fibroniks Turbo Pack</td>
<td>Unlimited</td>
<td>339</td>
<td>29,031</td>
</tr>
<tr>
<td>Wibroniks Unlimited</td>
<td>Unlimited</td>
<td>119</td>
<td>10,191</td>
</tr>
<tr>
<td colspan="4">
<h2>Office</h2>
</td>
</tr>
<tr>
<td>Fibroniks Micro Office</td>
<td>Unlimited</td>
<td>175</td>
<td>14,987</td>
</tr>
<tr>
<td>Fibroniks Small Office</td>
<td>Unlimited</td>
<td>275</td>
<td>23,550</td>
</tr>
<tr>
<td>Fibroniks Office</td>
<td>Unlimited</td>
<td>495</td>
<td>42,391</td>
</tr>
<tr>
<td>Fibroniks Large Office</td>
<td>Unlimited</td>
<td>725</td>
<td>62,087</td>
</tr>
</tbody>
</table>
<h2>Top-ups</h2>
<table width="0">
<thead>
<tr>
<td width="384">Data</td>
<td>Validity</td>
<td>USD</td>
<td>Z$</td>
</tr>
</thead>
<tbody>
<tr>
<td colspan="4">WiBroniks</td>
</tr>
<tr>
<td>2GB</td>
<td>15 days + 15 days rollover</td>
<td>3</td>
<td>257</td>
</tr>
<tr>
<td>3GB</td>
<td>15 days + 15 days rollover</td>
<td>5</td>
<td>429</td>
</tr>
<tr>
<td>5GB</td>
<td>15 days + 15 days rollover</td>
<td>10</td>
<td>857</td>
</tr>
<tr>
<td>10GB</td>
<td>15 days + 15 days rollover</td>
<td>19</td>
<td>1,217</td>
</tr>
<tr>
<td>15GB</td>
<td>30 days + 30 days rollover</td>
<td>24</td>
<td>2,055</td>
</tr>
<tr>
<td>20GB</td>
<td>30 days + 30 days rollover</td>
<td>27</td>
<td>2,312</td>
</tr>
<tr>
<td>25GB</td>
<td>30 days + 30 days rollover</td>
<td>33</td>
<td>2,826</td>
</tr>
<tr>
<td>30GB</td>
<td>30 days + 30 days rollover</td>
<td>40</td>
<td>3,426</td>
</tr>
<tr>
<td>60GB</td>
<td>30 days + 30 days rollover</td>
<td>60</td>
<td>5,138</td>
</tr>
<tr>
<td>100GB</td>
<td>30 days + 30 days rollover</td>
<td>80</td>
<td>6,851</td>
</tr>
</tbody>
</table>
<h2>More: <a href="https://news.pindula.co.zw">Pindula News</a>; <a href="https://techunzipped.com/2021/07/zol-announces-price-adjustment/">TechUnzipped</a></h2>
</div>
</div>

ZOL Has Announced A Massive Data Price Increase

The Reserve Bank of Zimbabwe (RBZ) said all banknotes that were issued since 2016 are still legal tender.
The statement is issued when some retailers have started rejecting $10 banknotes following the issuance of the $50 banknote.

<ul>
<li><a href="https://news.pindula.co.zw/2021/07/07/new-50-banknote-wont-stoke-inflation/">‘New $50 Banknote Won’t Stoke Inflation’</a></li>
<li><a href="https://news.pindula.co.zw/2021/07/06/zimbabwes-central-bank-issues-50-banknote/">Zimbabwe’s Central Bank Issues $50 Banknote</a></li>
<li><a href="https://news.pindula.co.zw/2021/07/07/cash-starved-retailers-welcome-50-banknote/">‘Cash-starved’ Retailers Welcome $50 Banknote</a></li>
<li><a href="https://news.pindula.co.zw/2021/07/17/worthless-zw50-note-evokes-memories-of-the-2008-era/">“Worthless” ZW$50 Note Evokes Memories Of The 2008 Era</a></li>
</ul>
Zimbabwe basket of local currency notes consists of the 2, 5, 10, 20 and 50-dollar bills. The $2 and $5 banknotes disappeared a long time ago as the market rejected them for bigger denominations. The central bank said in a statement:
<blockquote>The Bank would like to advise the public that all banknotes issued by RBZ since 2016 are legal tender in Zimbabwe. Traders who reject such notes should be reported to the Financial Intelligence Unit on hotline numbers 0714039897 or 0780434475.</blockquote>
Smaller denominations were ditched mainly because inflation was soaring.
Some fear that the recent hike in civil servants’ salaries will trigger a price hike that will render other denominations useless.
However, economic experts allay the fears saying there is not going to be an increase in money supply to support price increase.
More: <a href="https://news.pindula.co.zw">Pindula News</a>

All Banknotes Issued Since 2016 Still Legal Tender - RBZ

The Minister of Finance and Economic Economic Development, Professor Mthuli Ncube has announced that the Mid-Term Budget And Economic Review is scheduled for next week on the 29th. In a statement, Ncube said:
<blockquote>The public and all stakeholders are advised that the Minister of Finance and Economic Development, Hon. Prof. Mthuli Ncube, will be presenting the 2021 Mid-Term Budget and Economic Review to Parliament on Thursday 29th July 2021, starting at 1400hrs.
In light of the subsisting Covid-19 guidelines, the presentation will be largely virtual, and will be broadcast on mainstream Radio and Television stations as well various online streaming platforms.
Please be guided accordingly.</blockquote>
The aim of the mid-year reviews is to improve the effectiveness of resource allocation during the fiscal year.
Next week’s presentation comes as the government is claiming that the economy is recovering despite the effects of the coronavirus.
The recovery and growth narrative was echoed by the International Monetary Fund (IMF) attracting criticism from former Finance Minister Tendai Biti.
The MDC Alliance Vice President said there was no recovery or growth in the country and <a href="https://news.pindula.co.zw/2021/07/10/biti-blasts-naive-imf-over-economic-growth-predictions/">IMF was naive and also enabling an autocratic regime.</a>
Zimbabwe banks recovery in the mining, manufacturing and electricity generation sectors among others.
More: <a href="https://news.pindula.co.zw">Pindula News</a>

Mid-Term Budget And Economic Review Next Week - Treasury

The Reserve Bank of Zimbabwe (RBZ) recorded an increase in Reserve Money as of the week ending 9 July 2021 mainly because of an increase in banks’ liquidity.
In the RBZ’s previous report for the week that ended on 2nd July, Reserve Money had declined by ZW$917.13 million to ZW$23.53 billion. 

<ul>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/06/30/rbz-reserve-money-in-sharp-decline-2/">RBZ: Reserve Money In Sharp Decline</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/06/04/reserve-bank-of-zimbabwe-reserve-money-increase-2/">Reserve Bank of Zimbabwe: Reserve Money Increase</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/05/18/rbz-reserve-money-in-sharp-decline/">RBZ: Reserve Money In Sharp Decline</a></li>
<li class="entry-title"><a href="https://www.rbz.co.zw/documents/weekly_review/2021/May/Reserve-Money-Update----7-May--2021.pdf">DOWNLOAD: RBZ Update On Reserve Money – 30 April 2021</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/05/05/reserve-bank-of-zimbabwe-reserve-money-increase/">Reserve Bank Of Zimbabwe: Reserve Money Increase</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/04/30/rbz-reserve-money-update-as-of-23-april-2021/">RBZ: Reserve Money Update As Of 23 April 2021</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2021/04/28/download-reserve-bank-of-zimbabwe-reserve-money-update-pdf/">DOWNLOAD: Reserve Bank Of Zimbabwe Reserve Money Update -PDF</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2020/10/17/rbz-update-on-reserve-money-6-october-2020/">RBZ Update On Reserve Money 6 October 2020</a></li>
</ul>
Pindula News presents the central bank’s statement.
1. Reserve money increased by ZW$926.48 million to ZW$24.46 billion, as of the week ending 9th July 2021. This largely reflected increases of 
ZW$575.34 million and ZW$431.22 million in banks’ liquidity (RTGS balances) and currency issued, respectively.
2. The increase in reserve money, which followed liquidity injections through maturities of previously issued non-negotiable certificates of deposits (NNCDs), was partially offset by a decline of ZW$80.08 million in required reserves.
DOWNLOAD <a href="https://t792ae.c2.acecdn.net/wp-content/uploads/2021/07/Reserve-Money-Update-9-July-2021.pdf">Reserve Money Update 09-July-2021</a>

Reserve Money At RBZ As Of 9 July 2021

The Zimbabwe dollar further weakened against the US dollar on the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction conducted on Tuesday 20 June 2021.
Last week the weighted average was US$1: ZWL$85.5099, falling to US$1: ZWL$85.6372 this week.
This week, US$8.7 million was allocated to the Small to Medium Enterprises forex auction while US$37.3 million was allocated to the main forex auction.
In total, US$46 million was allotted this week, with the bulk of the allotment going to raw materials followed by machinery and equipment.

<ul>
<li><a href="https://news.pindula.co.zw/2021/07/06/rbz-forex-auction-results-06-july-2021/" rel="bookmark" title="RBZ Forex Auction Results – 06 July 2021">RBZ Forex Auction Results – 06 July 2021<abbr title="5.000000 is the YARPP match score between the current entry and this related entry. You are seeing this value because you are logged in to WordPress as an administrator. It is not shown to regular visitors."></abbr></a></li>
<li><a href="https://news.pindula.co.zw/2021/03/30/zimbabwe-dollar-loses-further-ground-against-the-us-dollar/" rel="bookmark" title="Zimbabwe Dollar Loses Further Ground Against The US Dollar">Zimbabwe Dollar Loses Further Ground Against The US Dollar<abbr title="4.000000 is the YARPP match score between the current entry and this related entry. You are seeing this value because you are logged in to WordPress as an administrator. It is not shown to regular visitors."></abbr></a></li>
<li><a href="https://news.pindula.co.zw/2021/04/20/rbz-forex-auction-zimbabwe-dollar-firms-against-usd/" rel="bookmark" title="RBZ Forex Auction: Zimbabwe Dollar Firms Against USD">RBZ Forex Auction: Zimbabwe Dollar Firms Against USD</a></li>
</ul>
588 bids were received on the Small to Medium enterprises forex auction, with 544 accepted and 44 disqualified.
On the main forex auction, a total of 402 bids were received, 370 were accepted while 32 were disqualified.
<a href="https://www.pindula.co.zw/Reserve_Bank_of_Zimbabwe">The Reserve Bank of Zimbabwe (RBZ)</a> said bids that were disqualified were not eligible in terms of the Priority List.
Bids with overdue CDIs, outstanding Bills of Entry (BOEs), and those with sufficient FCA balances were also disqualified.
Some bids were allotted on a pro-rata basis to conform with the Import Priority List, the RBZ said. Below is the RBZ summary of the forex auction:
<table class="table table-bordered table-hover" id="table_2" style="height: 29px;" width="494">
<tbody>
<tr>
<td title="Character Accurarcy=99.71"></td>
<td title="Character Accurarcy=99.89">SMEFX47/2021</td>
<td title="Character Accurarcy=99.86">MAIN FX53/2021</td>
</tr>
</tbody>
</table>
<div class="row justify-content-center">
<table class="table table-bordered table-hover" id="table_2">
<tbody>
<tr>
<td title="Character Accurarcy=99.48">Number of Bids Received :</td>
<td title="Character Accurarcy=99.97">588</td>
<td title="Character Accurarcy=99.93">402</td>
</tr>
<tr>
<td title="Character Accurarcy=99.17">Number of Bids Disqualified :</td>
<td title="Character Accurarcy=99.73">44</td>
<td title="Character Accurarcy=99.91">32</td>
</tr>
<tr>
<td title="Character Accurarcy=99.78">Total Number of Bids Accepted :</td>
<td title="Character Accurarcy=99.93">544</td>
<td title="Character Accurarcy=99.9">370</td>
</tr>
<tr>
<td title="Character Accurarcy=99.48">Total Number of Bids Allotted :</td>
<td title="Character Accurarcy=99.95">544</td>
<td title="Character Accurarcy=99.89">370</td>
</tr>
<tr>
<td title="Character Accurarcy=99.64">Total Value of Bids Accepted :</td>
<td title="Character Accurarcy=55.17">USD8,733,042.62</td>
<td title="Character Accurarcy=96.87">USD37,295,634.31</td>
</tr>
<tr>
<td title="Character Accurarcy=98.51">Amount Allotted :</td>
<td title="Character Accurarcy=98.08">USD8,733,042.62</td>
<td title="Character Accurarcy=97.13">USD37,295,634.31</td>
</tr>
<tr>
<td title="Character Accurarcy=99.4">Highest Rate Received :</td>
<td title="Character Accurarcy=97.99">90.0000</td>
<td title="Character Accurarcy=97.09">90.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.6">Lowest Bid Rate Received :</td>
<td title="Character Accurarcy=96.83">82.0000</td>
<td title="Character Accurarcy=98.58">82.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.53">Lowest Bid Rate Allotted :</td>
<td title="Character Accurarcy=98.62">82.0000</td>
<td title="Character Accurarcy=98.3">82.0000</td>
</tr>
<tr>
<td title="Character Accurarcy=99.63">Weighted Average Rate :</td>
<td title="Character Accurarcy=99.79">85.6373</td>
<td title="Character Accurarcy=0"></td>
</tr>
</tbody>
</table>
</div>
<div class="row justify-content-center">
<table class="table table-bordered table-hover" id="table_1">
<tbody>
<tr>
<td title="Character Accurarcy=99.7">PURPOSE</td>
<td title="Character Accurarcy=99.81">AMOUNT ALLOTTED SME AUCTION</td>
<td title="Character Accurarcy=99.87">AMOUNT ALLOTTED MAIN AUCTION</td>
</tr>
<tr>
<td title="Character Accurarcy=99.93">Raw Materials</td>
<td title="Character Accurarcy=99.84">2,027,591.73</td>
<td title="Character Accurarcy=99.81">15,100,167.36</td>
</tr>
<tr>
<td title="Character Accurarcy=99.97">Machinery and Equipment</td>
<td title="Character Accurarcy=99.71">2,014,127.79</td>
<td title="Character Accurarcy=99.91">9,539,708.98</td>
</tr>
<tr>
<td title="Character Accurarcy=99.59">Consumables (Incl. Spares, Tyres, Electricals, etc)</td>
<td title="Character Accurarcy=99.91">1,984,305.33</td>
<td title="Character Accurarcy=99.39">3,104,800.09</td>
</tr>
<tr>
<td title="Character Accurarcy=99.75">Services (Loans, Education, Dividends, Disinvestments, etc)</td>
<td title="Character Accurarcy=99.88">606,061.45</td>
<td title="Character Accurarcy=99.8">911,998.04</td>
</tr>
<tr>
<td title="Character Accurarcy=99.77">Retail and Distribution (Incl. Food, Beverages, etc)</td>
<td title="Character Accurarcy=99.67">968,244.79</td>
<td title="Character Accurarcy=99.91">3,713,743.57</td>
</tr>
<tr>
<td title="Character Accurarcy=99.89">Fuel, Electricity and Gas</td>
<td title="Character Accurarcy=99.82">278,492.74</td>
<td title="Character Accurarcy=99.93">1,748,127.88</td>
</tr>
<tr>
<td title="Character Accurarcy=99.7">Pharmaceuticals and Chemicals</td>
<td title="Character Accurarcy=99.84">563,690.77</td>
<td title="Character Accurarcy=99.84">2,449,332.18</td>
</tr>
<tr>
<td title="Character Accurarcy=99.93">Paper and Packaging</td>
<td title="Character Accurarcy=99.88">290,528.02</td>
<td title="Character Accurarcy=99.89">727,756.21</td>
</tr>
<tr>
<td title="Character Accurarcy=99.83">TOTAL</td>
<td title="Character Accurarcy=99.66">8,733,042.62</td>
<td title="Character Accurarcy=99.77">37,295,634.31</td>
</tr>
<tr>
<td title="Character Accurarcy=99.86">GRAND TOTAL AWARDED</td>
<td title="Character Accurarcy=0"></td>
<td title="Character Accurarcy=99.8">46,028,676.93</td>
</tr>
</tbody>
</table>
</div>
<div class="row justify-content-center"></div>
<img alt="Image" class="css-9pa8cd" decoding="async" draggable="true" src="https://pbs.twimg.com/media/E6vvr5cWYAY8t9M?format=jpg&amp;name=medium"/>
More: <a href="https://news.pindula.co.zw">Pindula News</a>

RBZ Foreign Currency Auction Results: 20/07/2021

Unki Mines has invested US$48 million towards increasing its concentrator capacity, which is expected to boost output by 30 per cent.
Unki Mines general manager, Walter Nemasasi, said the new concentrator was set for commissioning sometime in September this year.
He said the new plant was now 75 per cent complete and is expected to help cut operational costs.
Nemasasi revealed this while briefing the Minister of State for Presidential Affairs responsible for monitoring and implementation of Government programmes, Jorum Gumbo, during a recent visit to the Shurugwi-based platinum mine. He said:
<blockquote>Once it becomes operational, the project is expected to increase production of platinum group concentrate at the plant by 30 per cent and ultimately increase exports by the same margin.
We are expecting to commission the new project by September and the total value will be around $48 million.
… The project is so huge in that once we finish, we will increase our production from 180 000 tonnes a month to 210 000 tonnes a month.
We will then cut our transport costs by 60 per cent as most of the ore will be processed here before being exported for separation of base metals and precious stones.</blockquote>
Minister Gumbo said he was impressed by the fact that the new project has created more jobs for local people.
He said Unki is also consulting traditional leaders in all the developments it is undertaking and he urged all mines to take a cue from the platinum miner.
<h4>More: <a href="https://www.herald.co.zw/unki-mines-invests-us48m-to-boost-plant-capacity/">The Herald</a></h4>

Unki Mines Invests US$48m To Increase Plant Capacity

Zimbabwe registered a 9% increase in the value of total exports in May 2021 from the total export earnings in April 2021.
The Zimbabwe National Statistics Agency (Zimstat) attributed the growth to tobacco export earnings as the tobacco selling season started in April 2021. Zimstat said:
<blockquote>The value of total exports in May 2021 was US$486.8 million, signifying a marked increase of 9.5% from total export earnings in April 2021, at US$444.7 million.
The increase in total export earnings in May 2021 was attributed to tobacco export earnings as the tobacco selling season started in April 2021.
During the same period, imports increased slightly by 2.6% to US$503.1 million from US$490.1 million in April 2021.
Consequently, this resulted in a reduced trade deficit of US$16.2 million in May 2021, compared to US$45.5 million in April 2021.
Zimbabwe’s main exports during May 2021 were nickel mattes, ores and concentrates (38.6%), semi-manufactured gold (16.1%) and these minerals constituted a total of (54.7%) in total export earnings.
As the 2020-2021 tobacco selling season commenced, tobacco exports shot up to 21.8 % in May 2021 from 9.1 % in April 2021.
Main imports in May 2021 were machinery (15.5%), fuels (12.6%), cereals (5.7%) and pharmaceuticals (3.7%).
In 2021, maize excluding seed imports declined from a peak of 7.1% in February to 3.0% in April and 1.9% in May.</blockquote>
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

Zimbabwe's Export Earnings Rose By 9% In May

First Capital Bank has closed several branches across the country to ensure the implementation of measures to improve the health and safety of its staff and clients in light of the COVID-19 pandemic.
The bank closed its Kadoma branch on Wednesday and on Thursday closed the Harare Street branch and all Masvingo branches until further notice. First Capital Bank said in a statement:
<blockquote>We advise of the temporary closure of our Harare Street and Masvingo Branches from Thursday, July 15, 2021, until further notice.
This is to allow for the implementation of COVID-19 precautionary measures that will enhance the health and safety of our colleagues and customers.
Digital platforms remain our recommended transactional channels. If in need please contact the cluster manager for any further assistance. Stay safe.</blockquote>
The bank, however, advised its clients to utilise its digital platforms as they remain the primary transactional channels being promoted during the pandemic period.
First Capital Bank has already re-opened its Msasa branch in Harare after implementing the COVID-19 precautionary procedures.
<h4>More: <a href="https://www.chronicle.co.zw/latest-first-capital-bank-closes-branches/">Chronicle</a></h4>

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