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City Link luxury coaches battles debt

Luxury bus firm City Link Coaches fears a court order compelling it to pay close to a million dollars in debt will cripple its operations.According to court papers, the lawsuit emanated from a luxury bus and a Range Rover vehicle leased to City Link over an unspecified period.City Link allegedly owe...

Zimbabwe seeks $10 billion debt cancellation

Finance Minister Tendai Biti says a government led by his MDC party would push for the cancellation of the country's foreign debt. Assuming the MDC-T wins upcoming elections, Biti said a post-Mugabe era might bring support for debt cancellation, helping government create jobs and lift people out of ...

Man kills father over $40 debt

A 26-year-old Karoi farmer was recently arrested for allegedly killing his father over a US$40 debt.Phillip Katedza of Plot Number 14, Nyarenda Farm, has since appeared before Karoi resident magistrate Mr Robson Finsin, who immediately recommended a mental examination.The court heard that Phillip so...

Hospital battles to recover $100m from patients, engages debt collectors

HARARE Central Hospital is battling to recover $10 million owed by patients who received treatment from the health facility on credit and has since engaged debt collectors to recover their dues.In an interview with NewsDay, Harare Hospital's clinical director George Vera said they were failing to co...

Dembare offices to be locked today over a $4 900 debt

Dynamos risks having its offices locked today if it fails to settle the US$4 900 debt owed to a Cypriot financial firm as part of enforcing a default civil court judgment obtained against the Harare football giant.The popular club also stands to lose its trademark name and logo should it fail to res...

Hubby thoroughly bashes wife over $40 debt, fined $200

A Gweru man who assaulted his wife and threatened to kill her when she allegedly failed to pay back $40 that she owed him was yesterday fined $200.The man, Absenim Robi of 5734 Mkoba Village 19 landed himself in trouble with the law when he went to his wife, Ms Sibonokuhle Sibanda’s workplace and ...

Chombo rules out use of debt collectors by councils

THE Government will not allow local authorities to use the services of debt collectors to recover their debts from ratepayers, the Minister of Local Government Rural and Urban Development Dr Ignatius Chombo has said.Speaking at a press conference at the launch of the National Water Policy document ...

Heavily indebted customers negatively affecting the retail sector

Edgars Limited MD Linda Masterson told an analyst briefing yesterday that low disposable income in the market and heavily indebted customers are negatively affecting the retail sector including the group. "Almost every formally-employed Zimbabwean is heavily indebted and the reason for that is...

Hookers beat up man over services debt till he faints, resuscitate him with urine

A Gwanda man from Senondo suburb will live to regret the day he hired a prostitute without money to pay for her services as she teamed up with her colleagues and bashed him until he fainted. The hookers reportedly resuscitated him with urine.The man, Oscar Mathe, reportedly left Manzamnyama beer hal...

James Makamba wife sued over debt

Econet has sued businesswoman Irene Makamba and her retail outlet Blueridge Spar along Mutoko Road for reportedly failing to settle a more than $149 000 debt. In its declaration, the mobile telecommunications service provider said it entered into an agreement with Blueridge Spar four years ago to su...

Zesa repays Zambia debt

ZESA said it had started paying a $70 million debt to Zambia, a necessary step before the two nations can embark on a joint 1 600 megawatt hydroelectric plant, which could help relieve a power shortage. The two southern African countries have started preliminary work on the Batoka power project, est...

Mpilo engages debt collectors

ONE of the country's major referral hospitals, Mpilo Central Hospital is seeking the services of debt collectors in a bid to recover money from defaulters running into millions of United States dollars.Sources close to the institution say the institution is owed close to $8 million for services it p...

Air Zimbabwe debt balloons to US$188 million

Air Zimbabwe's debt has ballooned to US$188 million, further dampening hopes of securing a strategic partner to help the airline resume full operations.The national airline's debt has accumulated to US$188 million from US$140 million despite the resumption of local and regional flights that had been...

Dembare property attached over Mashiri debt

REIGNING soccer champions Dynamos Football Club have lost office furniture and equipment worth over $3 300 after losing a case against former striker Edmore Mashiri who won an order for unpaid signing-on fees and winning bonuses amounting to $2 800.Mashiri successfully applied for attachment of pro...

Hospital engages debt collectors to recover money owed by patients

GWERU Provincial Hospital has enlisted the services of debt collectors in an effort to recover more than $500 000 it is owed by patients, an official has said.In an interview yesterday, the hospital's medical superintendent, Dr Fabian Mashingaidze said the majority of patients who owed the health in...

Woman assaulted over uncle's sex debt

A 24-year-old Binga commercial sex worker appeared in court on Tuesday charged with assaulting her female neighbour for refusing to pay for services she rendered to her uncle.Winnet Sibanda of Garikai compound pleaded guilty to a charge of assaulting Prudence Tsvarayi after the latter refused to pay...

Bosso debt soars to $500 000

HIGHLANDERS Football Club have been advised by their new auditors Grant Thornton to set up a workable accounting system to manage the club's finances as they continue to be saddled with debts of over $500 000.Philip Ndlovu, a partner at Grant Thornton, on Sunday told the Bosso annual general meetin...