Business Unit Manager x2 (Harare)

Vehicle Sales Consultant - JAC (Harare)

Vehicle Sales Consultant – DONG FENG (Harare)

Vehicle Sales Consultant – BAIC (Harare)

Spray Painter (Harare)

Motor Vehicle Panel Beater (Harare)

Team Leaders x7

Billing Supervisor (Harare)

Sales Representative (Harare)

Auto Electrician: Artisan (Chipinge)

Sales Representatives (Harare)

Director Human Resource (Mutare)

Assistant Batch Plant Operator (Harare)

Legal & Compliance Manager (Harare)

Processes Analyst (Harare)

Finance Manager Corporate (Harare)

Several ZSE-listed companies from diverse sectors of the economy have declared significant profits during the ongoing reporting period.
The companies are in the process of paying dividends – a payment made by a corporation to its shareholders, usually as a distribution of profits.
When a corporation earns a profit or surplus, the corporation can re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.
<a href="https://www.pindula.co.zw/Rainbow_Tourism_Group">Rainbow Tourism Group (RTG)</a>, one of the companies listed on the Zimbabwe Stock Exchange (ZSE), declared a final dividend of ZW$500 million out of which US$250 000 will be paid in foreign currency and the balance in local currency. In its financial statement for the period ended 31 December, the hospitality group said:
<blockquote>
The declared amount will bring the total dividend to shareholders for the year to ZW$880 million (equivalent to US$1.5 million), of which US$500 000 is in foreign currency.
</blockquote>
<a href="https://www.pindula.co.zw/First_Mutual_Holdings_Limited">First Mutual Holdings</a> board resolved that the final dividend of $280.2 million (which is made up of ZW$146.3 million and US$146 344) be declared from the profits of the company. This is in addition to the US$109 758 and ZWL73.2 million paid as an interim dividend.
<a href="https://www.pindula.co.zw/Mashonaland_Holdings_Limited">Mashonaland Holdings</a> saw an annual inflation-adjusted profit of $17.2 billion, compared to a loss of $4.8 billion in the prior year. It declared a final dividend of $212.40 million. A component in the amount of US$200 000 will be paid in foreign currency.
Amalgamated agriculture company, <a href="https://www.pindula.co.zw/TSL_Limited">TSL Limited</a> directors declared a final dividend of US$0.0012 per share which is in respect of the financial year ending 31 October 2022 and will be payable in full to all shareholders of the Company registered at the close of business on 14 April 2023.
<a href="https://www.pindula.co.zw/POSB">POSB</a> declared a dividend of ZWL145 257 029.
The <a href="https://www.pindula.co.zw/Victoria_Falls_Stock_Exchange">Victoria Falls Stock Exchange (VFEX)</a> listed resources group, Caledonia announced a US14 cents quarterly dividend for the period to December 31.
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Pindula News

Several ZSE-listed Companies Declare Profits

The <a href="https://www.pindula.co.zw/POSB">People’s Own Savings Bank (POSB)</a> in partnership with Mastercard has unveiled new prepaid and debit cards that will enable customers to make seamless transactions in both domestic and international markets. 
The Mastercard debit card is now the default card that POSB account holders can use to transact in two currencies – the United States Dollar (USD) and the Zimbabwe Dollar (ZWL$).
The prepaid Mastercard card is intended for customers seeking local and international foreign payment solutions, whether they hold a POSB account or not. 
All that is required is a national identity card and proof of residence to sign up for the prepaid Mastercard, deposit any amount in USD, and start transacting on the local or international markets.
POSB’s chief executive officer, Mr Garainashe Changunda said that the introduction of Mastercard debit and prepaid cards was in line with the bank’s vision to provide simple, responsive, innovative, and inclusive financial solutions. Changunda said:
<blockquote>
As a people’s bank, we are cognisant of our customers’ ever-changing needs. We strive to provide them with relevant solutions. From the feedback we received, there was a need for payment solutions that allow them to fully participate in global commerce to enhance their economic opportunities.
In response to the feedback, we partnered with Mastercard and to offer two cards. The POSB Mastercard debit card, which is linked to the POSB local (ZWL) and United States Dollars (USD) accounts to give seamless transactions in both currencies using the same card. To make payment, one can easily switch from local currency to foreign currency or vice versa, depending on which currency they want to use for that specific payment.
In line with the bank’s mandate to champion financial inclusion, one of the National Development Strategy 1(NDS1) objectives, we are further offering an easy-to-sign-up prepaid Mastercard for non-account holders who also wish to transact in USD currency, whether locally or internationally.
</blockquote>
Customers can use prepaid or debit Mastercard cards on local points of sale (POS) machines and ATMs. They can withdraw cash, pay forex bills such as DSTV and Netflix, tuition, and purchase goods and services for their entrepreneurial projects on e-commerce platforms with ease.
Zimswitch, a leading switching and payments company, has in collaboration with Mastercard enabled POSB account holders to transact by using their co-badged prepaid and debit Mastercard cards.
The cards come with advanced security features, including a PIN and EMV chip that allows contactless payment (Tap and Go) to ensure that customers transact safely and securely in the virtual environment.
Both the debit and prepaid cards are also equipped with a full complement of digital and easy-to-sign-up features such as card activation or deactivation, PIN reset, balance inquiry, mini-statement, transaction history, full-statement request and block or unblock lost/stolen card.
Additionally, a customer support services team has been put in place to resolve customers’ queries at the earliest possible time should they arise. 
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

POSB Launches Co-badged Debit And Prepaid Mastercard Cards

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

The government has announced plans for a complete dissolution of all <a href="https://www.pindula.co.zw/ZESA">ZESA Holdings</a> subsidiary boards saying the move is one of the priorities under the state enterprises and parastatals reform agenda. In his 2023 Budget presentation last week, Finance Minister Mthuli Ncube said:
<blockquote>
State Enterprise and Parastatals reforms have been guided by the SEPs Short to Medium Term Reform Framework (SEPs-SMTRF), the National Development Strategy (NDS) 1 and Vision 2030. Drawing lessons from the successes and challenges faced in implementing the SEPs-SMTRF since 2018, it is envisaged that the SEPs reform priorities for 2023 will be guided by the following:
(a) Completion of the following on-going SEPs reforms:
• Engagement of strategic partners for IDBZ, <a href="https://www.pindula.co.zw/POSB">POSB</a>, IDC Subsidiaries, <a href="https://www.pindula.co.zw/TelOne">TelOne</a> and <a href="https://www.pindula.co.zw/NetOne_Zimbabwe">NetOne</a>;
• Merger of Genesis and <a href="https://www.pindula.co.zw/Petrotrade">Petrotrade</a>;
• Merger of BAZ with <a href="https://www.pindula.co.zw/Postal_and_Telecommunications_Regulatory_Authority_of_Zimbabwe">POTRAZ</a>;
• Merging of <a href="https://www.pindula.co.zw/PowerTel_Communications">Powertel</a>, Zarnet and <a href="https://www.pindula.co.zw/Africom">Africom</a>;
• Complete dissolution of all subsidiary Boards for ZESA Holdings and allow ZPC to engage strategic partners for its power generation projects;
• Implement approved reforms and capacity enhancement for ZIMPARKS;
• Capital raising strategies for Silo Foods, <a href="https://www.pindula.co.zw/Zimbabwe_United_Passenger_Company">ZUPCO</a> and Allied Timbers; and
• Implementation of the short-term recapitalization strategy of the National Railways of Zimbabwe.
(b) Transform the Traffic Safety Council into a Traffic Safety Agency, with appropriate legal standing to effectively enforce road safety systems in the country.
(c) Undertake a holistic evaluation of public entities reforms through strategic portfolio reviews and comprehensive diagnostic analysis by sector. This will inform the best reform options for each entity on a case-by-case basis.
In this regard, line Ministries would be required to play a central role to ensure that all public entities under their purview are included in the reviewed Framework.
(d) A number of SOEs have been transformed and now operate viably, for example, Air Zimbabwe.
Government has over the years created investment vehicles and partnered private sector players through joint ventures, to invest in various.
</blockquote>
<h2><a href="https://zero.pindula.co.zw/">More Pindula News</a></h2>

Govt Announces Plans For Complete Dissolution Of All ZESA Subsidiary Boards

The government is planning to introduce more State-owned banks at growth points to ease the challenges faced by pensioners in accessing their payouts.
Pensioners in various parts of the country are reportedly travelling long distances to access their paltry monthly stipends at the People’s Own Savings Bank (POSB) in cities.
On average, Zimbabwean pensioners get around $6 000 per month, most of which is spent on transport costs. Last Thursday, Finance deputy minister, Clemence Chiduwa, said POSB has a strategic plan to increase its branches:
<blockquote>
As we speak, the government has a policy on financial inclusion, which states that no one should be left behind.  For banks which belong to the government such as the POSB and Agricultural Finance Corporation, our policy is that at growth points where people live, these banks should be found.  With our policy on digitalisation, which is one of the pillars of the National Development Strategy One(NDS1), we want 100% coverage in the country on the issue of mobile networks. We want pensioners to be able to get their money through the phone.
</blockquote>
Matabeleland Central senator Kumbirai Tongogara said the Pensions Bill, which is currently being debated in Parliament, must address the issue of how pensioners are accessing their stipends.
President of the chiefs council Fortune Charumbira said there should be a law to ensure that people get their pensions when they retire. He bemoaned inflation in the country saying it had eroded pensioners’ payouts. 
More: <a href="https://www.newsday.co.zw/2022/03/govt-moves-to-ease-burden-on-pensioners/">NewsDay Zimbabwe</a>

Government Introducing More State-owned Banks At Growth Points To Assist Pensioners

People’s Own Savings Bank (POSB) supervisor and a workmate have been dragged to court for allegedly stealing US$44 112.
Stanly Makokowe (40) of Low Density, Chipinge and Tarisai Shora (28) of 2 Moddie Street Chipinge appeared before Chipinge magistrate Elizabeth Hanzi on Monday charged with fraud.
Prosecutor Timothy Katsande told the court that the two connived and hatched a plan to steal from their employer.
According to the outline given in the court attended by Chipinge Times, on October 29 at 12pm, Makokowe and Shora were at work and they intercepted the camera footing images of the vault area. 
They opened an unlocked vault and took US$ 44 112 from the safe. They then locked the safe and the vault.
Katsande told the court that the two wrapped the money in a khaki envelope and put it in a black bag. The two hid the bag in the teller’s area.
On the same day, Makokowe reported that he lost keys to the vault and safe. He was given a duplicate key. When they opened the safe, they discovered that some money was missing. A Police report was made leading to the arrest of the two.
The two are out of custody on RTGS$5 000 bail. They will appear again in court on November 15 for 2021. 
More: <a href="https://masvingomirror.com/bank-manager-steals-us44-000-from-vault/">The Mirror</a>

Bank Manager And Workmate Steal US$44 000 From Vault

A 29-year-old Harare man was arrested for stealing ZWL $3 million dollars, ZWL$160 thousand of which he used to buy beer.
It is alleged that Tinotenda Chinyemba allegedly cloned a POSB debit card and purchased beer worth ZWL$160 thousand, and made ten other transactions of ZWL$10 thousand each.
The States told the court that on May 15 this year, Chinyemba in the company of one Arthur Moyo – who is at large – “cloned” a POSB debit card.
On May 28 between 3 PM and 8 PM, the 29-year-old and his companion purchased beer worth Z$160 000 at Pochiet Complex in Zengeza 2, Chitungwiza, and made 10 transactions of Z$10 000 RTGS.
They spent Z$260 000 in total.

<ul>
<li class="entry-title"><a href="https://news.pindula.co.zw/2017/08/25/man-gets-7-months-prison-stealing-beer-worth-6/">Man gets 7 months in prison for stealing beer worth $6</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2019/05/02/picture-man-hit-by-truck-while-fleeing-with-stolen-beer/">PICTURE: Man Hit By Truck While Fleeing With Stolen Beer</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2019/04/30/beer-prices-have-gone-beyond-the-reach-of-many-alcohol-lovers/" rel="noopener noreferrer" target="_blank">Beer Prices Have Gone Beyond The Reach Of Many Alcohol Lovers</a></li>
<li class="entry-title"><a href="https://news.pindula.co.zw/2019/04/29/man-swipes-60-000-using-cloned-bank-cards-to-buy-wine/">Man Swipes $60 000 Using Cloned Bank Cards To Buy Wine</a></li>
<li><a aria-label="“Border Jumper Sentenced 30 Months In Jail For Stealing Wheelchair” (Edit)" class="row-title" href="https://news.pindula.co.zw/wp-admin/post.php?post=92431&amp;action=edit&amp;classic-editor">Border Jumper Sentenced 30 Months In Jail For Stealing Wheelchair</a></li>
<li><a aria-label="“WATCH: Man Caught On Camera Stealing A Phone” (Edit)" class="row-title" href="https://news.pindula.co.zw/wp-admin/post.php?post=90811&amp;action=edit&amp;classic-editor">WATCH: Man Caught On Camera Stealing A Phone</a></li>
<li><a aria-label="“NEDBANK Ordered To Return Close To $3M To Client” (Edit)" class="row-title" href="https://news.pindula.co.zw/wp-admin/post.php?post=92303&amp;action=edit&amp;classic-editor">NEDBANK Ordered To Return Close To $3M To Client</a></li>
</ul>
It is further alleged that on June 11, police detectives received information that the accused used a cloned card and made a transaction of ZWL$30 thousand at an Agribank POS machine intending to get United States dollars.
On the same date at around 12 PM, detectives intercepted Chinyemba’s vehicle, but Moyo jumped off and outpaced the police officers.
Chinyemba was arrested and taken to Zengeza Police Station where he was interviewed. A search of his vehicle turned up a POSB bank card.
Prosecutors alleged that Chinyemba attempted to break the card during his arrest. He was also found with an ITEL phone which he broke during his arrest.
ZWL$12 870 was recovered out of the ZWL$3 million that was stolen.
Chinyemba was remanded in custody pending bail ruling when he appeared before Harare magistrate Dennis Mangosi facing charges of unauthorized possession and use of debit cards.
More: <a href="https://news.pindula.co.zw">Pindula News</a>; <a href="https://www.zimlive.com/2021/06/14/man-cloned-bank-cards-and-stole-over-z3-million-court-hears/" rel="noopener" target="_blank">ZimLive</a>

29-Year-Old Stole $3 Million, Bought Beer, Gets Arrested

Speaking to Sunday News, Zanu-PF National Political Commissar, Saviour Kasukuwere said that they will start issuing out new electronic cards which can also function as bank cards. Zanu-PF Midlands spokesperson Cornelius Mpereri said Zanu-PF had partnered POSB to which the electronic membership cards would be linked.
Said Kasukuwere:
<blockquote>We are continuing with our plans of issuing electronic membership cards. These cards are different from the ones that we used to issue because they can be used for other financial transactions and are as good as bank cards. We will soon officially launch the cards and make an official statement on how they are going to function.</blockquote>
More: <a href="http://www.sundaynews.co.zw/new-zanu-pf-cards-to-function-as-debit-cards/">Sunday News</a>

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