In an email sent out earlier today, ZOL informed their customers that they will be increasing their prices for all their residential and business fibre packages.
The move comes as a surprise but ZOL are attributing the move to a tax that was added back in May of last year:
In our journey, we have continued to provide you with good service despite the economic challenges our country is facing. On the 24th of March 2017, the Finance Act (No.2) 2017, Section 312 (49) was amended by the Minister of Finance, wherein, an additional 5% special excise duty, specified as a Health Fund Levy resulted in an increase on the excise duty to 10% for airtime and data services.
As ZOL Zimbabwe, we have delayed passing this charge to you, our customers; since March 2017 when it was announced. Unfortunately, it is no longer possible to disregard the effects of this excise duty on our overall service delivery making it necessary for us to adjust our prices accordingly.
In this regard, ZOL Zimbabwe has revised pricing of all Residential and Business Fibroniks Packages by an average of 5% effective 1 August 2018. The price adjustment is consistent with ZOL Zimbabwe’s continued efforts of improving the quality of our network and the network experience for our customers.
Here are the revised prices for ZOL fibre packages:
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