Econet focuses on strategies that preserve shareholder value

Econet focuses on strategies that preserve shareholder value

Staff Reporter MOBILE Telecommunications giant Econet Wireless Zimbabwe says it is intensifying its focus on strategies that preserve shareholder value owing to the prevailing economic environment. In a statement accompanying the company’s financial results for the year ended February 2019, Econet Zimbabwe chairman James Myers said the strategy is to achieve the intended results in the current economic situation. “Whilst we have always focused on creating shareholder value, the current economic environment has resulted in an increasing focus on strategies that preserve shareholder value,” said Myers The demerge of Econet…

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ZIMRA posts a 6-month collection of $4.96 billion

ZIMRA posts a 6-month collection of $4.96 billion

By Natalie Chiwomadzi ZIMBABWE Revenue Authority (ZIMRA) says it has posted a six-month gross collection of $4.96 billion against a target of $4.30 billion despite the challenging economic environment characterised by rising inflation. Speaking during the company’s annual general meeting, commissioner general Faith Mazani said that the performance snapshot for 6 months ending 25 June 2019 is 15.54% above the estimated target. “Net collections increased from $2.31 billion same period in 2018 to $4.77 billion in 2019, 106.5% nominal growth and 4.38% real growth after adjustment for annual inflation,” she…

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