The Postal and Telecommunication Regulatory Authority of Zimbabwe (POTRAZ) recently approved new tariff thresholds for telecommunication services.
The new tariff thresholds are applicable to services denominated in ZWL, which is the currency to which all tariffs for telecommunication services are pegged. Service packages that are denominated in USD will not be adjusted as the USD currency has remained relatively stable.
In a statement by POTRAZ ,any service providers that adjust their USD denominated service packages will be charging unapproved tariffs and will be liable to a fine ,such violations of licence conditions should be reported to POTRAZ for immediate action.
The recent review of tariff for telecommunication services was triggered by the steep depreciation of the ZWL of 738.75% against the USD from USD1: ZWL684.33 in December 2022, to USD1: ZWL 5,739.80 in June 2023.
This is reflected in the movement of the Telecommunication Price Index (TPI), which is used to track the cost of providing telecommunication services in ZWL terms. The TPI increased by 528.14% from January to June 2023. The TPI is an internationally recognised and widely used cost-based tariff model.