Telecel
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Business Briefs
Zimbabwean telecom companies say tax burden too heavy
MOBILE network operators in Zimbabwe are calling on the government to reduce their tax burden. IT Web cites Econet Wireless deputy executive officer Roy Chimanikire as saying that the firm currently pays a 5% health levy, 15% VAT, 25% corporate tax, 3% universal service fee and 2% IMT tax. In its financial year to end-February 2021 Econet paid ZWL12.2 billion (USD34 million) in…
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Companies
Telecel in court over US$34,000 rental arrears
MOBILE network operator Telecel Zimbabwe has been sued for allegedly failing to pay more than US$34 000 in rentals for one of its rented properties in Mabelreign, Harare. According to the summons before the High Court, Telecel incurred arrears of US$34 400 and Peter Saopa, the applicant alleges he has tried to get payment but to no avail. Hence, Saopa…
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Business Briefs
Airtime vendors in checkmate as RBZ bans bulk recharge cards
THE Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit has proposed the phasing out of physical bulk airtime recharge sales and put a cap on individual electronic purchases, citing the need to curb the rampant abuse of the platforms by illicit currency speculators. The measures are contained in a circular sent to mobile network operators dated October 22, in which…
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