{"id":99774,"date":"2024-10-22T11:56:07","date_gmt":"2024-10-22T09:56:07","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation"},"modified":"2024-10-22T14:09:50","modified_gmt":"2024-10-22T12:09:50","slug":"potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation","title":{"rendered":"Potraz approves ZiG tariff review for telcos amid currency devaluation"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved an adjustment to Zimbabwe Gold (ZiG) tariffs for local telecommunications companies.<\/p>\n

The new tariff adjustment, which took effect over the weekend, are seen as a response to last month\u2019s devaluation of the ZiG, forcing operators to align pricing with current economic conditions.<\/p>\n

In a notice to customers, Econet and NetOne separately published the revised charges for voice, data and SMS services.<\/p>\n

The new rates include ZiG0,0177 per second for voice calls, ZiG0,1660 per MB for data and ZiG0,2161 per SMS.<\/p>\n

The US dollar tariffs remain the same.<\/p>\n

Industry experts say the tariff adjustments were essential for telecommunication companies to continue to provide reasonable quality of services while maintaining a measure of viability.<\/p>\n

\u201cThe combination of rising inflation and currency devaluation has drastically increased operational costs, making price increases inevitable,\u201d one industry insider said.<\/p>\n

In September, the Reserve Bank of Zimbabwe raised interest rates and devalued the gold-backed ZiG by 43% as it moved to initiate measures to stabilise the currency.<\/p>\n

However, the devaluation significantly affected key sectors, including the telecommunications sector, which heavily depends on imported equipment and software.<\/p>\n

As the ZiG lost value, the cost of providing services skyrocketed.<\/p>\n

Despite being one of Zimbabwe\u2019s more resilient industries, the telecommunications sector has for years been grappling with shortages of vital foreign currency, power outages, local currency devaluation and relatively high inflation.<\/p>\n

Any devaluation of the local currency places an additional strain on operators, who must also invest in new technologies and infrastructure to maintain good quality of service and keep up with a fast-changing global technology industry.<\/p>\n

For More News And Analysis About Zimbabwe Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved an adjustment to Zimbabwe Gold (ZiG) tariffs for local telecommunications companies. The new tariff adjustment, which took effect over the weekend, are seen as a response to last month\u2019s devaluation of the ZiG, forcing operators to align pricing with current economic […]<\/p>\n","protected":false},"author":84,"featured_media":99773,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[19],"class_list":["post-99774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-zimbabwe"],"yoast_head":"\nPotraz approves ZiG tariff review for telcos amid currency devaluation - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved an adjustment to Zimbabwe Gold ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Potraz approves ZiG tariff review for telcos amid currency devaluation\" \/>\n<meta property=\"og:description\" content=\"THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved an adjustment to Zimbabwe Gold ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-22T09:56:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-22T12:09:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/10\/sm_1729586242.857677.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Potraz approves ZiG tariff review for telcos amid currency devaluation\",\"datePublished\":\"2024-10-22T09:56:07+00:00\",\"dateModified\":\"2024-10-22T12:09:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation\"},\"wordCount\":291,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2024\/10\/sm_1729586242.857677.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/potraz-approves-zig-tariff-review-for-telcos-amid-currency-devaluation\",\"name\":\"Potraz approves ZiG tariff review for telcos amid currency devaluation - 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