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Zimbabwe Report

Marcopolis presents the Zimbabwe Report focused on topics such as economy, investments and doing business, featuring interviews with Zimbabwe's leaders. The sectors under review in this issue are agriculture & agribusiness, banking & financial services, construction & real estate, hospitality & tourism, industry, services, telecom & IT, and many more. 

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VideosApril 12, 2024

Discussing Cash Management and Electronic Security in Zimbabwe with Dr. Divine Ndhlukula

Written by Sandra Francisco
Published: April 12, 2024

Dr. Divine Ndhlukula, Founder and Managing Director of SECURICO Security Services in Zimbabwe, outlines the company's strategic direction, placing emphasis on expanding business opportunities in cash management and electronic security systems.

"One of our key areas of focus for business growth is cash management and electronics, as we believe that is where the future lies with advancing technology. Currently, we are directing our efforts towards expanding these areas. We are pleased with the progress of recent installation projects we have undertaken. As a strategic decision, we have prioritized expanding our revenue streams in electronics and cash management, given the reduced need for human intervention and the potential for increased profitability", says Dr. Divine Ndhlukula.

"When we talk about cash management, it involves handling cash on behalf of various companies, including banks. Given that we are still predominantly a cash-based economy, especially with the abundance of US dollars in circulation due to our multi-currency regime, many companies prefer to receive their revenue in hard currency. As a result, we assist in managing their cash flow, both by depositing funds into banks and by physically moving cash. We have been entrusted with outsourced cash management by several banks, where we handle everything from ATM replenishment to cash distribution. This includes managing cash for tobacco companies, handling cash transfers for NGOs like UNICEF or the World Food Programme in rural areas, and other similar tasks. In essence, our cash management services encompass the entire cash handling process, providing end-to-end solutions for our clients. We see potential for significant profitability in this area, as it requires fewer human resources while offering lucrative returns. Similarly, when we refer to electronics, we are talking about our focus on technology-driven solutions. We aim to expand our presence and capabilities in this field as well", she adds.

 

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