Zimpost exceeds revenue target, eyes 10% growth

STATE-OWNED postal services, Zimpost, last year exceeded its revenue target of $22 million and this year aims to grow it by 10%, the company’s acting managing director, Sifundo Moyo, has said.

BY MTHANDAZO NYONI

Moyo told NewsDay in emailed responses that the company was poised for growth in 2018 after performing above expectations last year.

“In total, Zimpost exceeded its revenue targets. Now the thrust is to work on the product mix to give more emphasis on high margin products and services. The budget for 2018 is set above what we achieved in 2017,” Moyo said.

This year, Moyo said, the company targets to grow revenue by 10%, compared to last year’s figures.

“Zimpost is working to be the next generation post office that will deliver world class services to Zimbabwe by ensuring that the company moves with the times and adopt new ways of doing business in this digital ear,” he said.

Moyo said the company recently set up a virtual post office which is an online customer portal that allows customers to make general enquiries about products and services offered in the post office.

Customers can also transact online on some of the services, as they would normally do when they visit the post office physically, he said.

Last year, Early 2017, Zimpost indicated that it was facing working capital challenges and a growing debtors’ book, as more and more were taking long to pay up for services rendered.

But Moyo told NewsDay that the situation had improved now.

“The debtor’s book has not been static. There have been some positive movements as we had creatively found a solution to the growing debtor’s book. Among other tactics, we entered into tripartite set-off arrangement that involved some of our creditors and debtors resulting in a significant reduction on amounts owed to Zimpost,” he said.


Moyo said the money transfer service — Zipcash — has not experienced growth to the levels that had been anticipated mainly, because the South African corridor has not been performing well.

“We are currently engaged in discussions with our South African counterparts so, that we can come up with measures that will increase visibility of this service,” Moyo said.

“However, we have recently concluded an agreement with Swazi Post for the exchange of international financial system transfers.”

17 Comments

  1. I doubt this information is true!

    1. mthandazo nyoni the editor una fambawo kuma zimpost office uchionawo zvirikuitwa kwete nhema idzo uyee bvunza mushandi kwete mutungamiri wecompany

  2. with 4 years salary arrears. this is a fat lie!!!

  3. with cashflow challenges and employee salaries in arrears to at least four months this information can only be total false reporting.masi

  4. manyepo ari kubikwa na acting md kuda kupiwa chigaro chete , yet we are suffering , pliz ed tirikuda forensic audit ,from both previous md and hr namely zimbango and mai tinarwo

  5. You are making profit yet you are failing to pay employees salaries are in arrears, Mr Sifundo taurai chokwadi. This is a lie God forbid

  6. nhema masikati machena pay yadecember haisati yauya kana vachida chigaro ngavataure chokwadi

  7. musatinyepere mhani

  8. Why are you telling people lies. Some Journalists are also to blame. How would go all the way to be incentivised to the point of seeing a story in these blatant lies?? Media relations dzenyu idzi hadziiti zvokwadi!!!

  9. Comment…nxaaa iwe editor unafambawo uchitaura nevashandi tivarombo izvozvi we are suffering apa voti we are making profit saka profit yacho ndeyake nevana tinogara takanzi company z underperfoming everytime izvozvi tine maarrears for 4 months uku vanhu vave 10 yrs vari mafixed contract taiti yadzika ngirozi izvo hapana we are still suffering Supa saminister vaneutsotsi saka restore legacy ndeip apa tichinjirei minister we are tired of this boy supa haasangani nevashandi nxaaaaa kubva kare zimbango aripo taingonzi mari irikutorwa nemusangano apa mai vatinavo ummmm vaneutsinye vanonzi mai Tinarwo z not a human resources manager but company resources manager nxaaa haiwawo mutinyare chief Moyo hamunyari here

  10. YOU KNOW SOMETIMES YOU NEED TO BE SERIOUS AND TRUTHFUL AS MANAGEMENT

    IF THAT IS THE TRUTH..WHY ARE YOU FAILING TO…
    1. PAY WORKERS ON TIME
    2. SERVICE OPERATIONAL VEHICLES
    3. CLEAR OUTSTANDING SALARY ARREARS BACK DATED 2013
    4. IMPROVE SERVICE DELIVERY BY MAKING AVAILABLE ALL OPERATIONAL TOOLS AVAILABLE FOR STAFF TO DO THEIR WORK..

    THIS IS WHAT IS CALLED WINDOW DRESSING ACCOUNTING.. AT ITS BEST

    THERE IS NO TANGIBLE IMPROVEMENT ON THE GROUND BUT THINGS ARE GETTING WORSE BY DAY….

  11. Why shooting the messenger? I don’t think Mr journalist did anything wrong. He asked the MD of the company and was told that. What was he supposed to do? Say Mr MD you are lying? On what ground? I think we should direct our guns to the MD.

  12. these jonos need to get information from both sides the duty of the MD is to protect the image of the company. Its pity that workers are suffering while Management is enjoying, they are driving top of the range vehicle while pple are failing to pay school fees. I think something needs to be done operation restore legacy inodiwa ku zimpost sure coz if cde Supa is not taking action he has to stepdown……

  13. yet wages are below the poverty detum line

  14. yet wages are below the poverty detum line

  15. thats a big joke considering workers havent been paid for the past four years.may the presidents restore legacy fix this mess at zimpost .coz salaries are below the poverty detum line and in arrears

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