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*Transmedia Defends Payment Of DStv Subscriptions In Foreign Currency* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ut Members of Parliament on Thursday questioned why Multichoice Zimbabwe demanded payment of DStv subscriptions in foreign currency. Transmedia officials appeared before Parliament’s portfolio committee on Information, Publicity and Broadcasting Services chaired by Binga North MP Mr Prince Sibanda (MDC-Alliance). ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- It was revealed that Multichoice was obliged to carry ZBCtv free of charge. It was further disclosed that Transmedia, which has a 20 per cent equity in Multichoice Zimbabwe, receives an average of US$30 000 per month for its stake. Makonde MP Kindness Paradza (Zanu-PF) asked why DStv demands subscriptions in foreign currency when in countries like Zambia and South Africa, subscribers pay using local currency. In response, Transmedia chief executive, Florence Sigudu postulated that Multichoice Zimbabwe was holding a franchise for Multichoice Africa, an international company that would ordinarily require foreign currency. She said: > It is not a local requirement, but an international requirement because the company that offers DStv in Southern Africa is an external company. > If they are being paid in foreign currency by our residents in Zimbabwe why then should we be paid in Zimbabwean dollars. > If viewers are paying in the United States it follows that whatever we must be paid as dividend must be in US dollars, because that is the currency that subscribers are paying. > But we are not the one to determine the currency in which the subscriptions must be paid, it is for the Reserve Bank of Zimbabwe and Ministry of Finance to decide. Chigudu said that it was important that DStv continues to charge in foreign currency as this was helping Transmedia in covering maintenance costs. *More: The Herald* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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