Beauty Mutanga, A Story Of Perseverance, Determination, And Hard Work 

Beauty Mutanga, A Story Of Perseverance, Determination, And Hard Work 

Zimbabwe Women Empowered in Business (ZIWEB) empowers women in Zimbabwe with the opportunity to start and sustainably run their own business by becoming sub-distributors for Nestlé East and Southern Africa (ESAR)

Beauty Mutanga, A Story Of Perseverance, Determination, And Hard Work 
Beauty Mutanga, A Story Of Perseverance, Determination, And Hard Work

From seeking to survive and sustain her family, to be able to afford luxuries that she once only dreamt of is the story of hope in the face of hardship, a story of perseverance, determination, and hard work for 37-year-old Beauty Mutanga of Harare’s Mabvuku suburb.

The mother of four did not allow the economic situation in the country to keep her down and sought ways to change her fortunes to give her family a better life, when she joined ZIWEB in 2019 – the Zimbabwe Women Empowered in Business  – a Nestlé  ESAR initiative which aims to empower women in Zimbabwe with the opportunity to start and sustainably run their own businesses by becoming sub-distributors for Nestlé ’s affordable range of products such as NESTLÉ CREMORA ,NESTLÉ CEREVITA and NESTLÉ CERELAC .

Launched in 2019 in one of Harare’s suburbs with 29 participants, the programme has grown to almost 250 participants and has extended to other cities and towns across Zimbabwe, promoting an entrepreneurial spirit in women.

Beauty, like all the other women recruited into the programme, was trained on critical aspects of business management such as entrepreneurship skills, financial, selling, product knowledge and customer care skills.  Nestlé also provided her and the other recruits with start-up capital(Loan stock) in the form of goods to sell.

Beauty’s story is now one of hope, perseverance, determination and hard work in the face of adversity. A story of personal growth, change, and empowerment which the other 250 women recruited into the program can attest to.

Through ZIWEB, Beauty’s perception and take on life have taken a turn for the better as her goals in life have shifted from wanting to provide a meal for her family to acquiring things she once thought of as a luxury and out of reach for her.

“In 2020 I started shopping around and saving for a car and as I noted increased demand for Nestlé products from my customer base, I have since managed to buy a Honda Fit fuel saver for my business in January 2021. Currently, I am also doing professional Events Management studies, baking and selling cakes to develop my seven-roomed stand in Mabvuku, Tafara. Through ZIWEB, I am now also in a financial position to help my extended family”. 

The road to success has not been without its challenges for the entrepreneur with the COVID-19 pandemic posing the biggest threat to the survival and growth of her business. “The pandemic was a major shake to our business initially as we service the informal sector which was utterly shut down for business at start. Most of my savings were spent on providing food for the family and paying rent as my husband was at home also affected by the lockdown” 

The sky is the limit for this 37-year-old go-getter as her aspiration is to become a bigger Micro Nestlé Distributor, growing from selling the small PPP SKUs to including all Nestlé products while also recruiting other women to join this life-changing empowerment program.

For more information and to watch Beauty’s story visit www.nestle-esar.com.

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    Martha Mazengera – A Story Of Hope, Perseverance And Empowerment

    Martha Mazengera - a story of Hope, Perseverance and Empowerment

    Martha Mazengera – a story of Hope, Perseverance and Empowerment

    Zimbabwe Women Empowered in Business (ZIWEB) empowers women in Zimbabwe with the opportunity to start and sustainably run their own businesses by becoming sub-distributors for Nestlé East and Southern Africa (ESAR)

    Martha Mazengera - a story of Hope, Perseverance and Empowerment
    Martha Mazengera (PIC/ Supplied)

    If rising above adversity was a person, then that description would best fit 56-year-old Martha Mazengera who when life threw curveballs at her, found it in her to find ways to make sure she took care of her family.

    When Martha Mazengera’s husband passed away, she found herself as the breadwinner to her 4 children who were all still at school. The now grandmother of 3, who describes herself as a hardworking woman who never believed in hand-me-downs, had to find ways in which to keep a roof over her family, put food on the table and ensure her children went through their tertiary education.

    Martha heard about a pilot project aimed at empowering women and did not hesitate to join as she saw this as a stepping stone to success. In 2015 she became a member of ZIWEB – Zimbabwe Women Empowered in Business – a Nestlé ESAR initiative seeking to empower women in Zimbabwe with the opportunity to start and sustainably run their own businesses. The women become sub-distributors for Nestlé’s range of products such as NESTLÉ CREMORA, NESTLÉ CEREVITA and NESTLÉ CERELAC.

    Martha received training on critical aspects of business management such as entrepreneurship skills, financial, selling, product knowledge and customer care skills. She also received her ‘start-up capital’ from Nestlé in the form of products for selling.

    Armed with the necessary skills and product, the 56-year-old Martha sought to work hard for herself and her family as all her children were still dependent on her financially. Through savings made from her sales, she saw through her children’s tertiary education which was now being paid for in foreign currency. She has managed to renovate her home and buy new property.

    Martha’s journey has not been without its own challenges – “the Covid-19 pandemic really hit me and the other ladies hard. A lot of small stores in the neighbourhood we used to supply were demolished and we didn’t have many customers to supply. Despite the demolitions, I managed to soldier on as regular customers would call me and I would deliver with limited movements due to COVID-19 regulations. These challenges were however managed, through her working relationship with Nestlé, who assisted me with a letter that would permit movement and help reach my customers”.

    What started off as a mission to provide food for her family has grown into a family business as Martha has recruited two of her children to distribute if she is not available so as not to disappoint customers. Her wish is to grow from being a sub-distributor to a micro distributor getting products direct from Nestlé.

    For Martha and the other 250 women under ZIWEB, the program has impacted their lives as they found ways to create success as women entrepreneurs who are able to take care of their families and live a life they could have only ever dreamt of.

    Watch Martha’s story below;

    For more information and to watch Martha’s story visit www.nestle-esar.com.

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    SA Eskom Boss Who Took Over Zimbabwe’s US$173m Solar Project Arrested Together With Wife & Step Daughter For Corruption

    SA Eskom Boss Who Took Over Zimbabwe’s US$173m Solar Project Arrested Together With Wife & Step Daughter For Corruption

    SA Eskom Boss Who Took Over Zimbabwe’s US$173m Solar Project Arrested Together With Wife & Step Daughter For Corruption

     

    Former Eskom chief executive Matshela Koko, awarded the contract to build Zimbabwe’s 100 MW Gwanda Solar Project, has been arrested with his wife and stepdaughter on corruption allegations.

    South Africa’s NPA’s Investigating Directorate arrested Matshela Koko, his wife Mosima and his stepdaughter Koketso Choma.

    According to News24, the charges relate to a massive multibillion-rand contract that Eskom and the Swiss engineering firm Asea Brown Boveri (ABB) signed in 2015. Choma was a stockholder in Impulse International, a local business ABB subcontracted. She earned R30 million as a result of the transaction, some of which went to Mosima Koko.

    At the time, Koko worked as a senior executive at Eskom.

     

     

     SA Eskom Boss Who Took Over Zimbabwe’s US$173m Solar Project Arrested Together With Wife & Step Daughter For Corruption
    Former Eskom boss Matshela Koko was arrested early on Thursday morning. [Image: Nicholas Rama/IOL]

     

    Ironically, Koko’s company Matshela Energy Limited took over the 100MW Gwanda Solar Power Project after controversial businessman Wicknell Chivayo failed to deliver on the US$173 million contract.

    In a statement announcing the deal, Matshela Energy MD Koko said delivering a 100MW solar power plant with 40MWh of battery storage will be “one of the largest renewable energy and storage [projects] in Zimbabwe and the region”.

    The Zimbabwe Energy Regulatory Authority (Zera) granted Matshela Energy a generation licence in 2019 to construct, own, operate and maintain the plant at Gwanda in Matabeleland south.

    “We have come a long way since we started with this project. We shall not falter. The people of Gwanda have been good to us, and we owe it to them to succeed,” said Koko.

    The power firm said it is working towards financial closure under Zera’s stipulated timelines.

     

     

    Wicknell Chivayo’s company, Intratek Zimbabwe, was initially awarded the US$173 million tender by the Zimbabwe Power Company (ZPC) for the construction of the Gwanda Solar Power Project in 2015.

    But meaningful progress was yet to be made on the project almost three years later, even though Chivayo had received an advance of US$5 million from Zesa in irregular circumstances.

    This prompted the ZPC in 2018, to give Chivayo an ultimatum. The power utility gave Intratek two weeks to complete pre-commencement works at the site in Gwanda, as well as provide a bank guarantee.

    If Chivayo and Intratek failed to do so, ZPC said it would cancel the tender and sue to recover over US$5 million it had already paid to the company.

    After getting the ultimatum, Chivayo rushed to the High Court, arguing that the contract was still valid and that he had not been responsible for the lack of progress in building the solar project.

    High Court judge Justice Tawanda Chitapi ruled in Chivayo’s favour and declared that the contract was valid and binding. He ruled that the party which failed to work with the other “shall be deemed to have repudiated the contract and liable to damages at the instance of the innocent party.”

    However, ZPC was not happy with the decision and filed an appeal at the Supreme Court.

    Supreme Court judges Justice Francis Bere, Justice Elizabeth Gwaunza and Justice Chinembiri Bhunu overturned Justice Chitapi’s ruling. The Supreme Court ruled that Justice Chitapi should have thrown out Wicknell’s case because his lawyers had used the wrong procedure.

     

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    Nyaradzo Boss Philip Mataranyika Defends Company From Accusations Of Being A Scam

    Nyaradzo Boss Philip Mataranyika Defends Company From Accusations Of Being A Scam

    Nyaradzo Boss Philip Mataranyika Defends Company From Accusations Of Being A Scam

    Phillip Mataranyika, the co-founder and CEO of the Nyaradzo Group of Companies, has issued a statement defending his company following allegations that the funeral services provider is a scam.

    Nyaradzo has been trending on social media platforms as disgruntled Zimbabweans shared their negative experiences with the service.

    Some claim that Zimbabwean funeral policies are a scam in their present form because they never mature or pay their holders any cash back.

     

     

    They suggested that Nyaradzo review the terms and conditions in order to provide clients with greater benefits.

    The CEO of Nyaradzo Funeral Services, Mataranyika, defended his business from the scam allegations by claiming that the policies are fair. He stated that some clients really gain more value than they would have spent in premiums.

     

     

    Nyaradzo Boss Philip Mataranyika Defends Company From Accusations Of Being A Scam
    [Image: Facebook/Nyaradzo Funeral Services]

    Writing on social media, the Nyaradzo CEO said,

    “Just to give perspective to the discussion that has been raging on social media for the past few hours. I would like to let the public know that we have policies that mature and those that do not because of two reasons, pricing and flexibility.

    “Over the years, we have had policies that mature and could cover only principal members. Because we are an organisation that cares and understands the African and Zimbabwean culture we introduced a new generation of policies that were flexible and affordable. The first of those policies was the six pack whose highest premium for all six is US$57. Because clients saw value in a policy transaction that covered six members of the family including parents from both sides, they opted out of the traditional policies that mature and migrated to the six pack plan. The traditional policies almost died as less and less people signed up for them, but we have kept them on our books. Let me take this opportunity to work out the possible scenarios.

    “With our six pack plan, which covers six people of any age the highest premium is US$57 per month.
    Let’s work it out together so you see what this means. $57×12=$684. Multiply that by say 20 years that is $13680

    “Now among those that can be covered under the six pack plan are parents of both spouses, four of them who may all be above the age of 70 and may die within the twenty year period.

    “Assuming the cost of funeral services of each is about US$10000. Multiply that by 4 that gives you US$40000 and you still have the husband and wife to go. Assuming they both die within the twenty year period, the cost of service provision goes up to US$60000.

    “Even if you say the cost of service provision for each of them is US$5000 the total cost of service provision for all is US$30000 in the event they die within the twenty year period which is a possibility. That is still more than double the total premium of twenty years. Tell me why anyone thinks we are out to give clients a raw deal.

    “Even if we work it out at US$4000 per person, the cost of service provision at US$24000 for all four is still more than the total premiums paid.

    “Remember also that children of the principal member are covered for free and could also die as death doesn’t come only to the aged.”

     

    Nyaradzo Boss Philip Mataranyika Defends Company From Accusations Of Being A Scam
    Nyaradzo CEO Phillip Mataranyika Defends Company From Accusations Of Being A Scam [Image: Facebook/Phillip Mataranyika]

    Mataranyika’s remarks, though, elicited conflicting responses as individuals questioned his assertions. They countered that he was conducting a charity in accordance with his claims and that his numbers were excessively overstated.

    Others, on the other side, defended the Nyaradzo CEO, stating that his business offers a fantastic service at reasonable prices.

     

    @CNedzevamwe

     

    “Mataranyika’s argument is lame and silly. He surely can’t tell us he is running a charity or a business at a loss by providing services which are far more expensive than the services provided.

    “The issue is very simple; we need a financial services regulation that will regulate that type of insurance and probably place a cap on maximum premiums or introduce cash backs, just like what other countries do with medical aid schemes.”

    @Changunda1

    “It’s high time IPEC reviews the whole Insurance business model.

    “What happened to the USD premium that was paid 2009-2018?
    That cost of $10k/funeral is so exaggerated.”

    @bmukorera

    “Cost of $4000 to the company is highly probable if you factor in cost like human capital, running of mortuary, transport costs for moving between hospital and where the mortuary is, servicing of vehicles and taxes , then the actual money that goes to the burial specifics etc.”

     

    @cckiestorhlucas

    “But his argument is based on ridiculous assumptions. I assume he’s an actuary or atleast he works with some who will tell him that his cost assumptions are out of touch with reality! In Zim, a USD4000 funeral means someone wld work just to save for their funeral & not much!”

     

    @Infinit73133988

    “He didn’t even address the issues raised by the one who started the conversation. Someone pays for sometime not on the 6pack but the other packages, default for 3months because of unforeseen circumstances, boom no help comes? Let him address that not to try and hoodwink pple.”

     

    @eddiemhan

    “We are not as dull to believe this lie and amplified figures,which are worked out on a one sided “What if” assumption, what about the other side of it,what if not.”

     

    @anotidamakosa2
    “Do a death fund for your beneficiaries for in your pillow, mattress, Mukuru account or pay the premium for someone else to do it for you. “Scammy ” as it may seem they are still in it for the money, profits not just survival. It’s a business.”
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    Easy Pay Sassa Loans – A Detailed Guide

    easypay sassa loans and how to get them

    Are you looking for a loan in South Africa? One of the ways you can get financial relief is through Easy Pay Sassa Loans. Let’s take a closer look at how these loans work and how you can get one.

    What are Easy Pay Sassa Loans?

    Easy Pay Sassa Loans (EPSL) are a facility that enables you to borrow against your social government grant. If you or someone you know is a Sassa grant government beneficiary, then you probably know all about grants and how they work.

    However, unlike the usual way of obtaining your government relief fund, with EPSL, you will access your money through a green card. As such, this makes the entire process easier and more convenient.

    For you to qualify for Easy Pay Sassa Loans, you need to be a grant recipient. If you satisfy this requirement, you will have to apply for an EasyPay Everywhere green card and wait for your application to be approved.

    easy pay sassa loans process

    How Easy Pay Loans Work for Grant Recipients

    To access your Easy Pay Loans SASSA, you will need to visit a Net 1 CPS pay point. These facilities allow you to collect your grant money using the green card for your EP account.

    Did you know that legislation was passed to restrict companies from deducting money directly from grant payments? So does this mean you can’t use the green card anymore? Fortunately, no.

    How to Start the Process

    If you want to benefit from the EPSL service, you need to open an account with EasyPay Everywhere. This is a Grindrod Bank that enables you to collect your money without any deductions.

    The bank is popularly known as Grindrod Bank SASSA Loans.

    Transferring Funds to Your Account

    Once you open your account, you can then redirect your money straight to the bank account. This means that instead of using your SASSA bank account, the money will be in your EasyPay Everywhere account. From there, you can then borrow against your Sassa funds.

    This is one of the easiest ways to borrow against your social grant. 

    Is it a Good Idea to Get EasyPay Cash Loans?

    Well, the answer is both yes and no. Getting a loan should always be the last resort. This is especially true when dealing with social grants.

    While the Everywhere green cards come with several benefits, the main one being convenience, you should only use this facility for emergencies. It can be tempting to borrow money against your grant and use it recklessly.

    You will often find that the queue for Easy Pay Sassa Loans is as long as the one for people collecting their grants. This is because people end up living beyond their means. As a result, you end up chasing the next loan, since your current grant will be paying for the previous one.

    Easy Pay Sassa Loans Contact Number

    Are you convinced you need to borrow against your social services grant? If so, then the next step is getting EasyPay Contact Details. That way, you can kick-start your process.

    Here’s how to reach Moneyline:

    Moneyline Phone Number: +27 11 343 2000

    Moneyline Office Address: Third Floor President Place, Cnr. Jan Smuts Ave & Bolton Rd, Rosebank

    Are There Other Types of Loans and Services Associated With EasyPay?

    There are several other products you can access apart from Net1 SASSA loans. Here are some you may be interested in:

    • Insurance packages
    • Airtime vouchers
    • Microloans
    • EasyPay cards

    You should always keep in mind that when you are using third-party services, they will get access to your Sassa bank account. This means they will be able to see your transaction history and other related details.

    Are you interested in Applying for EasyPay Sassa Loans?

    If you have gone through our advice and you still want to apply for a loan using your social grant, here’s how you can go about it.

    First, you need to make sure you are a beneficiary of the grant. If not, you can kickstart your Sassa Loan Via Cellphone application. If the application gets denied, don’t give up. You will be able to process a SASSA Appeal for 350.

    Net1 SASSA Loans and Interest Charges

    The interest rates and charges for Easy Pay Sassa Loans are as follows:

    • Loan amounts for short-term personal loans start from R410, all the way up to R1,050
    • You will be given a repayment period of three to six months
    • Each loan application attracts a service fee of R330 or 31% of the original amount
    • There’s an annual interest rate of 164%

    If you have taken out a loan before, then you can see how high the charges and interest rates are. It’s possible that such charges are higher than what loan sharks offer.

    Please keep in mind that the information provided in this article is by no means an official guide. Additionally, the figures provided can change anytime. Also, please note that EasyPay Sassa loans come at a cost.

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    Webdev Launches Auto.co.zw

    Webdev Launches Auto.co.zw

    Webdev Launches Auto.co.zw

    Zimbabwe is one of the most promising and fastest-growing automobile markets in the region. With the projected economic growth and greater household purchasing power, automobile sales in the country are set to witness a strong surge in sales. The industry is already enjoying increased activity for both new and second-hand cars and car parts.

    Webdev Launches Auto.co.zw
    Webdev Launches Auto.co.zw

    Leading marketplace in Zimbabwe, classifieds.co.zw has launched a vertical marketplace offering buyers and sellers in the automobile sector convenience. Auto.co.zw which is the latest offshoot from Zimbabwe’s largest horizontal marketplace that will be specializing in getting cars and vehicle parts buyers and sellers together.

    This is the second vertical from classifieds.co.zw after property.co.zw. Auto.co.zw is a marketplace for automobiles and related services. The technology giant has verticalized the new platform through which users can find different automobiles based on their model, make, mileage, transmission, and other specifications.

    The cars listed on the platform will be featured through different car dealers and individuals around the country. We already have over 200 dealers on the platform, over 3000 cars and over 1500 car parts. Our value proposition is high-quality Leads and to enhance Car Dealer brand awareness. We aim to offer a 360-degree digital marketing solution covering all aspects of the automobile industry and related services.

    The automobile marketplace includes a search function and a price comparison function and it allows users to communicate with dealers in real-time. The platform offers its own website and own domain for the car dealers in the industry.

    The platform integrates with Facebook marketing giving you access to a combined +2M members and Email marketing with a reach of +120K subscribers. Some of the Facebook Groups owned by auto.co.zw include Cheap cars for sale in Zimbabwe, Cars under $2500 in Zimbabwe and Cars for sale in Zimbabwe. Car Dealers will also be able to distribute their content to over 160 Whatsapp groups.

    As Webdev, we saw the increasing volumes of vehicles for sale through our classifieds.co.zw platform and the growing enquiries & activity which prompted us to create a new platform that fulfils all those needs.

    We are aiming to provide users with an all-in-one platform when it comes to automobile sales and related services. With this platform, users won’t have to go elsewhere when looking to buy, sell or seek related services, parts, etc.

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    The Impeccable Qualifications Of Phoevos Pouroulis, CEO Of SA Group Spending R7 Billion In Zimbabwe

    Phoevos Pouroulis Qualifications

    The Impeccable Qualifications Of Phoevos Pouroulis, CEO Of SA Group Spending R7 Billion In Zimbabwe

    South Africa’s Tharisa is expected to fork out US$391 million (R7.2 billion) on developing a platinum mine in Zimbabwe.

    The groundbreaking for the first phase of the Karo mine is expected to take place in December this year. Construction of the mine is expected to be completed by July 2024.

     

     

    Tharisa is a co-producer of chrome concentrates and platinum group metals in South Africa. The group owns 70% of Karo Mining Holdings.

    The South African group’s chief executive, Phoevos Pouroulis has impressive qualifications despite being born with a silver spoon in his mouth.

     

    Tharisa Minerals CEO Phoevos Pouroulis (Image Credit: Creamer Media)

     

    He is the son of Loucas Christos Pouroulis and his wife Artemis Panayotou. His father came to South Africa from Cyprus after having been trained in metallurgy at the National Technical University in Athens, Greece. Phoevos’s paternal grandfather was a copper miner in Cyprus.

    Phoevos Pouroulis is the youngest of four siblings, two sisters; namely Salome and Helene and one brother named Adonis. His elder brother Adonis is the chairman of the United Kingdom-listed Petra Diamonds which was founded in 1997. Adonis is also the founding member of energy company Chariot and its Namibian subsidiary Enigma.

    Phoevos Pouroulis has been involved in South Africa’s mining industry since 2003 and has served in a number of roles in different companies.

    He served as Commercial Director for Chromex Mining plc and was the founding non-executive director of Keaton Energy. Phoevos Pouroulis is the Chairman of Spitfire Music South Africa (Pty) Ltd and Executive Chairman at Arxo Logistics (Pty) Ltd which he also founded.

    Phoevos Pouroulis is on the Council of the International Chrome Development Association. Tharisa is headquartered in Cyprus where the Pouroulis family is originally from.

    His impeccable qualifications include a Bachelor of Science and Business Administration from Boston University in the United States of America.  Phoevos Pouroulis is also Chairman of the Music For The Children Foundation.

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    Boss Moves|  Elon Musk Makes R18 Million After Launching Perfume

    Elon Musk Perfume

    Boss Moves|  Elon Musk Makes R18 Million After Launching Perfume

    The world’s-richest man Elon Musk is out here making some money moves.

    Elon Musk who recently ventured into the cosmetic industry by launching his own perfume has already made millions from his new business venture.

    The business mogul launched his new perfume called “Burnt Hair.

     

    Elon Musk
    Elon Musk launches new perfume called ‘Burnt Hair’ (Image Credit: Business Insider)

     

    Elon Musk described  his new perfume as “the finest fragrance on earth.”

    The Tesla founder has already made about R18 million in just a few hours after selling 10,000 bottles of his newly launched perfume.

    Just yesterday,  the SpaceX founder announced that he had already sold 20,000 bottles of perfume.

    “Please buy my perfume, so I can buy Twitter,” Elon Musk jokingly wrote on his Twitter platform on Wednesday.

     

    The ambitious businessman revealed that getting into the fragrance business was inevitable as he gushed at his new thriving business venture. He regrets having waited so long to launch his own fragrance.

    “With a name like mine, getting into the fragrance business was inevitable — why did I even fight it for so long!?” he joked on his Twitter account.

    On Twitter, Elon Musk has already changed his bio to  “Perfume Salesman”.

    His perfume costs $100 a bottle and is set to start shipping in the first quarter of 2023.

    Social media users marvelled at his new thriving business venture and how he has managed to sell more than $1 million worth of the perfume in days. 

    Check out some of the reactions;

    @Shatta Fiya;

    The man do everything
    When we say serial entrepreneur we speak about elon musk …………
    @Bongz Manyisi;
    Some people are born to be rich, period!
    @Skhumbuzo Tar Noyolo-xxî;
    Mr elon can you please adopt me😏😭😭🧘‍♂

     

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    A Detailed Guide To Hotel Room Investment In Dubai

    The concept of investing in hotel rooms is comparatively new. Various hotel investment opportunities in the Emirate have increased for interested investors to boost their portfolios. The freedom to invest in hotel rooms globally, including Dubai deserves your attention. 

    Hotel room investment is defined as a buy-to-let investment in the UAE. Investors buy the unit and have the privilege to let it to the guests in return for a decided payment. Hotels also serve as management by monitoring the procedure for the investor, especially in a hotel apartment investment. This guide aims to share all the relevant terms and steps to secure a hotel room investment in Dubai. 

    Personal Use

    Some investments offer personal usage of the room by investors, but it’s restricted to particular days in a year. After limiting the days, the investor can also use the unit. This maximizes the income for hotels, and returns for the investors. 

    Split Profits And Split Incomes

    In the majority of hotel investment, income gained from a room is divided between the investor and hotel management. This presents a financial incentive for the hotel management team by taking earnings from different amenities they provide.

    Lots of hotels can pool the earnings gained from rooms between investors. This strategy aims to guarantee that only one room generates less returns as opposed to the other ones. Furthermore, if the hotel does not share the return by this tactic, the room usage will be rotated. This keeps all the rooms occupied. In this way, each room will generate income to purchase a hotel room in the city. 

     

    Now, let’s discuss the process of investing in a hotel room. 

    How To Purchase Hotel Apartments for Investment In Dubai?

    It is becoming a trend among investors to invest in hotel apartments. As hotels are hardly influenced by the fluctuations in the economy, this is a preferred option by many people. 

    Hotel investment is typically straightforward and hassle-free as it is managed by a professional team. As an investor, you will enjoy a share in the lucrative revenue, along with a completely serviced, furnished room. Below is the step-by-step guide to make a hotel room investment in the Emirate:

     

    1. Carry out your research and search for a flat that fits your budget. Plus, be certain about the hotel’s address, credibility, and yearly return before shortlisting. 
    2. Negotiate with the hotel management regarding the offer. Be clear on the terms and conditions written on the contract before making your decision. After you agree on a price, sign up the agreement. Then, the real estate agent will register your name in full ownership. 
    3. Enjoy watching the money enter your account after the hotel room gets busy. You will soon earn your share. Guests in the hotel rooms pay a hefty price for staying there, and the returns are shared between the investor and the hotel. 

    The Perks Of Investing In Dubai Hotels 

    From the perspective of an investor, the hotel investment in the UAE enables them to have an indirect or hands-off approach to invest. The reason is because an organization will manage and advertise the hotel room on the behalf of the investor. This is how they boost the revenue. The investor is able to reap the benefits from different industry professionals that manage and promote the hotel units on their behalf.

    A primary benefit for people that wish to invest in Dubai hotels is that this mode of investment is categorized as commercial instead of residential. This enables the investors to enjoy capitalist growth and tax-free earning.

    Resultantly, investors are comparatively less vulnerable to permanent vacancy as opposed to the standard buy-to-let real estate investment that can remain empty for some months. 

    On average, the returns created via investment in Dubai hotels tends to be higher than buy-to-let real estate investment. A gross yield of 12% can be generated yearly as opposed to the average gross yield of the conventional buy-to-let properties of 5% each year.

    The flow of income that has been imposed on the return can boost the overall value of the hotels. Investors in the city are given the freedom to reap the benefits from a valuable establishment that boasts desirable amenities for the guests. This will amplify the probability of gaining a higher return on the investment. 

    Financially, the monetary value of Dubai hotels has been majorly relying on the conditions of the economic market. Therefore, if there is an improvement in the economic market, the hotel industry will simultaneously improve as well. 

    The Variables That Affect The Success Of Hotel Investment

    • Location 

    One of the best factors that impact the selection of hotel investment in the Emirate is the address. This factor immensely impacts capital growth. Hotels are supposed to appeal overseas and local guests. Resultantly, the development should be in the vicinity of tourist attractions and public transportation links. 

    Various locations can attract different guests to a hotel. A convenient address offers different perks. For example, if the hotel is situated in the mainland, the address will attract immense investment as they will be able to offer facilities for future inhabitants. This increases the potential to purchase hotel rooms.

    • Tourism

    A primary aspect that governs the success of a hotel is tourism. The presence of tourist attractions within the surroundings can impact the occupancy rate. Ultimately, investors should do homework on local tourism. 

    Not only this, they should make noteworthy efforts to boost and promote tourism in the surrounding area. The hotels present in posh areas such as Dubai Marina or Business Bay could reap huge perks for people that prefer hotel investment. 

    Moreover, the bookings are expected to be coherent without having any particular dependence on tourism. These are great investment offers for interested buyers in the UAE.

    • Facilities 

    Important features of a hotel that can skyrocket the investment usually depend on experienced hotel management companies. These firms prioritize special features such as customer service and service quality. The companies also focus on the available amenities like golf course, swimming pool, spa, and more. 

    A capable marketing team inside the hotel is necessary to promote the available amenities. Plus, upscale standards and customer service can also increase profitability and customer retention. Real estate investment is a great idea to purchase hotel apartments in Dubai

     

    Many investors are choosing to invest in hotel apartments. After an interested investor purchases the hotel apartment, the hotel management promotes it on their behalf. Guests pay a lucrative amount for spending time at the hotel. The return is split between the investor and the hotel. 

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    Expect More Hours Of Load Shedding: ZESA Delivers Bad News As Electricity Power Cuts Get Worse

    Expect More Hours Of Load Shedding: ZESA Delivers Bad News As Electricity Power Cuts Get Worse

    Expect More Hours Of Load Shedding: ZESA Delivers Bad News As Electricity Power Cuts Get Worse

     

    The Zimbabwe Electricity Supply Authority (ZESA) national power utility has warned consumers to brace for more hours of load shedding.

    The struggling power utility warned Zimbabweans that electricity power cuts would get worse from Saturday, 25 September, due to depressed power generation capacity at both the Hwange and Kariba power stations.

    According to ZESA, the depressed power generation capacity at the country’s two largest power stations is due to “technical challenges.”

    The power utility did not go into detail to explain the nature of the technical challenges. Instead, it said it is currently conducting a maintenance exercise to fix the issues.

     

     

    More crucially, however, ZESA did not give a timeline of when it expects the challenges to be fully resolved.

    Part of the statement released by ZESA on Sunday morning, speaking of the increase in the hours of load shedding, reads,

     

    NOTICE OF LOAD SHEDDING: NATIONWIDE

    Zimbabwe Electricity Transmission and Distribution Company (ZETDC) would like to advise its valued customers that there is increased load curtailment from the 24th of September 2022.

    This is due to technical challenges being experienced at our Kariba and Hwange Power Stations, as well as import constraints. The utility is therefore conducting a maintenance exercise to ensure full restoration of service.

    The inconvenience caused is sincerely regretted.

     

     

     

    Expect More Hours Of Load Shedding: ZESA Delivers Bad News As Electricity Power Cuts Get Worse
    ZESA Notice On Increase In Hours Of Load Shedding [Image: ZESA/Zedtdc]

    The extension of load shedding hours has irritated customers, who have called out the national power utility of failing to publish a load shedding timetable, as South Africa’s Eskom does.

    Load shedding has increased in Zimbabwe in recent days, with some areas going without power for up to 20 hours per day.

    The worst part is that most people have no idea when the power will be turned off or restored. As a result, Zimbabweans are finding it difficult to plan their activities due to power outages.

    Many angry Zimbabweans have taken to social media to demand that ZESA subsidiary Zimbabwe Electricity Transmission and Distribution Company (ZETDC) share the load shedding schedule with them. They contended that ZESA should not arbitrarily cut power during load shedding.

    As a result, they want the power company to share the load-shedding plan or timetable. They also contended that if Eskom in South Africa can share its load shedding schedule, surely ZESA can as well.

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