Business: Nyaradzo Group Website: www.nyaradzo.co.zw “Valar morghulis” as it said, “All men shall die”. Philip has managed to tap into an endeavor that will never run out of customers, as death is guaranteed. Philip is the founder and Chief Executive Officer of Nyaradzo Group. Mr Philip Mataranyika was born in Nyazura, Manicaland, in 1964. He started school at Rukweza Primary School in Nyazura, but finished his primary education at Tsungai Primary School in Highfield, Harare. He did his high school in Nyazura and the joined Old Mutual in 1986 as a benefits administrator, and later became a financial advisor at...Read More
Author: StartupBiz Zimbabwe
Econet Zimbabwe has been investing heavily on internet infrastructure for the past 8 years and that has led to a huge increase in the number of people using the Internet in Zimbabwe. In 2009, the internet penetration rate in Zimbabwe was only 5%, by 2013 it had grown to 40%, and now it’s at 50%. This is a huge change. This means over 6 million Zimbabweans access the internet every month. Has your business adapted to this huge change? Do you have an online presence for your business? What are you doing about it? One of the most successful...Read More
What is Bitcoin Bitcoin is a form of digital currency- meaning, if you have bitcoins, you do not physically purchase goods by handing notes or tokens to the seller. Bitcoins are used for electronic purchases and transfers. You can use bitcoins to pay friends, merchants, etc. Bitcoin allows people to send or receive money across the internet, even to someone they don’t know or don’t trust. Money can be exchanged without being linked to a real identity. How do I get bitcoins Obtaining bitcoins through an exchange is the most common and feasible way to get started. There are...Read More
This article will outline how to carry out company registration in Zimbabwe. 1.Name Search : First stage of Company Registration in Zimbabwe This is the first stage when registering a company in Zimbabwe. You need a name for your company. The Chief Registrar of Companies allows you to register your company name and reserve it for sixty days. Once the name is reserved, the name cannot be used by any other individual who wishes to register a company also. This facilitates the company registration process. For this stage of company registration in Zimbabwe, you fill a CR 21 Form. On...Read More
Business: Alpha Media Holdings, Mail & Guardian Website: www.newsday.co.zw ; www.theindependent.co.zw ; www.thestandard.co.zw ; www.mg.co.za Trevor Ncube is a media entrepreneur and he is based in South Africa. He is the majority shareholder of Mail & Guardian (South Africa), and Alpha Media Holdings, which is the holding company 3 Zimbabwean newspapers: NewsDay, The Standard and Zimbabwe Independent. Trevor Ncube also owns Munn Marketing, a magazine and a newspaper distribution company in Zimbabwe, and Strand Multiprint, a commercial and newspaper printing company. He holds a first class Bachelor of Arts in Economic History from the University of Zimbabwe. In 1994 he was named as Zimbabwean Editor of...Read More
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Question 1 of 10
Revenue is the income from sales of products or services. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.Incorrect
Revenue is the income from sales of products or services. Revenue is calculated by multiplying the price at which goods or services are sold by the number of units or amount sold.
Question 2 of 10
Which is the largest bank in Zimbabwe?Correct
CBZ is the largest bank in Zimbabwe, followed by CABS.Incorrect
CBZ is the largest bank in Zimbabwe, followed by CABS.
Question 3 of 10
What is the monthly poverty datum line for a family of 5 in Zimbabwe (2016)?Correct
The poverty datum line in Zimbabwe is $480Incorrect
The poverty datum line in Zimbabwe is $480
Question 4 of 10
Which sector contributes more to the GDP of Zimbabwe?Correct
Since 2009, the Distribution, Hotels, and Restaurants sector has been contributing more to the GDP of Zimbabwe than other sectors. (Source : ZIMSTAT)Incorrect
Since 2009, the Distribution, Hotels, and Restaurants sector has been contributing more to the GDP of Zimbabwe than other sectors. (Source : ZIMSTAT)
Question 5 of 10
The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the ……… ?Correct
The income statement reports the revenues and expenses for a period of time.Incorrect
The income statement reports the revenues and expenses for a period of time.
Question 6 of 10
How much tax do Zimbabwe businesses pay?Correct
Businesses pay 25% tax in Zimbabwe.Incorrect
Businesses pay 25% tax in Zimbabwe.
Question 7 of 10
Debt is a liability not an asset. An asset is defined as a resource that is owned or controlled by a company that can be used to provide a future economic benefit.Incorrect
Debt is a liability not an asset. An asset is defined as a resource that is owned or controlled by a company that can be used to provide a future economic benefit.
Question 8 of 10
Munyaradzi Gwatidzo is the founder of which company?
Question 9 of 10
There must be sufficient finance to pay for the daily running of the business.This money is known as ?Correct
Working capital is the cash available for day-to-day operations of an organization. If you don’t have enough working capital you may go bankrupt, even though your business is profitable!Incorrect
Working capital is the cash available for day-to-day operations of an organization. If you don’t have enough working capital you may go bankrupt, even though your business is profitable!
Question 10 of 10
It is important to make eye contact with a customer because?Correct
Eye contact reassures customers that your attention is focused on themIncorrect
Eye contact reassures customers that your attention is focused on them