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Brace For Big Challenges In Technological Advancements-Potraz

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Brace For Big Challenges In Technological Advancements-Potraz

Zimbabweans have been urged to brace for Technological advancements which come with their own challenges.The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) emphasized that in the face of huge transformation in the sector driven by changing consumer behaviour, technological advancements and increased competition from non-traditional players, there is a need for innovation and exploring sustainable revenue generation.

Potraz said total revenue generated by the postal and courier sector increased by 38.1 percent to record $646.8 million in the first quarter of 2022 from $468.26 million recorded in the fourth quarter of 2021.

In its first quarter report, Potraz revealed operating costs increased by 46 percent to record $586.8 million from $401.94 million recorded in the fourth quarter of 2021.

“The postal and telecommunications sector is undergoing a huge transformation driven by changing consumer behaviour, technological advancements and increased competition from non-traditional players.

“Compounded to this is the economic climate, characterised by depressed consumption, inflation, foreign currency constraints, reduced network investment amongst other challenges,” reads part of the report.

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