Potraz Calls For Policy Strategic Intervention@Operator& Fiscal Levels
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has called for policy and strategic intervention at both the operator and fiscal levels.
“On their part, operators need to innovate and explore sustainable revenue generation and cost containment avenues considering the current economic climate.
In their Quarterly Report, Potraz said,
“Monetary authorities need to consider the prioritisation of the sector in terms of foreign currency given the capital-intensive nature of the industry.”
Potraz said the sector remains intrinsic to the country’s economic growth and has also become an essential enabler for other sectors.
The sector is set to continue enabling other sectors as envisioned in the Government’s National Development Strategy 1 (NDS1).
In the period under review, Potraz also said total postal and courier volumes declined by 13.4 percent to record 556,618 items from 642,432 items recorded in the fourth quarter of 2021.
Telephone lines generated revenue as international incoming courier was the only category to register growth in volumes.
Revenue generated increased by 38,1 percent and is attributable to increased foreign currency earnings from the increased international incoming volumes vis-à-vis reduced international outgoing mail. However, operating costs grew by an even greater margin (46 percent ) and capital expenditure declined by 39.9 percent.
The total number of active fixed telephone lines declined by 0.1 percent to record 243,123 as of 31 March 2022, from 243,421 recorded as of 31 December 2021.
Residential subscriptions declined by 0.4 percent 0.3% increase in corporate subscriptions was recorded.