The Zimbabwe School Examinations Council (ZIMSEC) said that schools will no longer incur bank charges when they remit examination fees to the examinationS body.
ZIMSEC undertook to meet the bank charges and the development has been welcomed by schools.
Previously, some schools incurred bank charges of as much as $200 000 while ZIMSEC received their full share of the money.
In a statement via finance circular Number 5 of 2022 and addressed to Zimsec regional managers, heads of Ordinary and Advanced Level examination centres as well as primary schools heads, ZIMSEC director of finance, Zipora Muzenda said:
ZIMSEC has considered the issue of bank charges incurred in remitting examination fees for ZIMSEC and is accordingly advising that all bank charges will be borne by ZIMSEC.
The examination fees paid should be less the bank charges incurred and should be supported by the bank statement reflecting the same.
Therefore the amount payable plus the bank charges should tally with the amount payable on the statement of fees and centres should engage their bankers before the transaction is made.
National Association of Secondary Schools Heads (NASH) president Arthur Maphosa, who is also the Gwanda High School school head, welcomed the move by ZIMSEC.
He said schools were losing a lot of money in bank charges, money that would have gone towards development projects in schools.