Breaking News

Debt

Eveline High School unleash debt collectors

21 May 2015 | 3478 Views
Eveline High School in Bulawayo through its School Development Association is set to unleash debt collectors to owing parents and guardians.The association seek to recover fees date backing to...
by Thobekile Zhou

Hospital hunts down debt defaulters

13 May 2015 | 1922 Views
GWERU Provincial Hospital has engaged a debt collector in a bid to recover $1,5 million that the health institution is owed by patients.Hospital medical superintendent Dr Fabian Mashingaidze c...
by Patrick Chitumba

Zimbabwe govt lacks capacity to assume debts

12 May 2015 | 2288 Views
Zimbabwe does not have the capacity to keep assuming debts caused by the misappropriation of State funds by individuals, a local pressure group has said. Patricia Kasiyamhuru, the Zimbabwe...
by Staff reporter

Andrew Langa drowning in massive debt, faces eviction over rent

10 May 2015 | 4796 Views
THE Minister of Sports, Arts and Culture and suspended Zanu-PF Matabeleland South chairperson, Andrew Langa, is reportedly drowning in massive debt and could likely be evicted from his home and other ...
by Staff reporter

Mzingwane High School rope in debt collectors

05 May 2015 | 5408 Views
Mzingwane High School is looking at engaging debt collectors to recover money that is owed by parents in school fees arrears.In an advert in the local newspapers yesterday, Mzingwane High Scho...
by Ndou Paul

Debt paralyses Tsvangirai's MDC-T

24 April 2015 | 3738 Views
THE MDC-T is caught up in a vicious debt cycle as it owes more than US$2 million which senior party officials say is crippling the opposition party's operations and attempts to rejuvenate itself ahead...
by Staff reporter

Mssaulted with bottles, sjambok over $150 debt

18 April 2015 | 2125 Views
A 34-YEAR-OLD man was last week slapped with a $150 fine or four months imprisonment for taking the law into his own hands by severely assaulting a woman who owed him property worth $45.The St...
by Staff reporter

Shebeen owner kills patron over $2 debt

15 April 2015 | 3183 Views
A shebeen owner and his colleague allegedly killed a reveller at the shebeen over a $2 debt. Joseph Mapa (27) and Tatenda Foot (28), both from Waterfalls, Harare, reportedly used a brick and a...
by Staff reporter

Man battles for life over $4 debt

04 April 2015 | 2671 Views
A 32-YEAR-OLD man is battling for life at St Peter's Mission Hospital in Chisumbanje after being stabbed by his friend over a $4 debt last Thursday.Richard Bhila, who was owed the amount by Ro...
by Staff reporter

Germany invites Zimbabwe delegation to Berlin for debt talks

24 March 2015 | 2245 Views
The Government will send a technical team to Germany in the near future to discuss the country's debt to the European country and ways on resolving it.The country owes international financial ...
by Rumbidzai Zinyuke

Mpilo Hospital to unleash more debt collectors

12 March 2015 | 1589 Views
CASH-STRAPPED Mpilo Central Hospital in Bulawayo is yet again unleashing ruthless debt collectors to recover several millions of dollars owed by patients.The health institution is inviting...
by Thobekile Zhou

Bev in a physical confrontation over debt

25 February 2015 | 6932 Views
Raunchy dancer Beverly 'Bev' Sibanda's penchant for an expensive lifestyle has proved costly after she reportedly got involved in a physical confrontation with her hairdresser, Revai Tinarwo, with the...
by Staff reporter

ZAPU says NO to government taking over RBZ Debt

23 February 2015 | 2689 Views
Amongst the big decisions facing this current parliament of Zimbabwe is whether the government should take over the $1,35billion debt owed by the Reserve Bank of Zimbabwe. For all concerned, this is a...
by Melusi Moyo.

Teenager slit over debt

11 February 2015 | 1774 Views
A CHITUNGWIZA man has been fined for slitting a teenager with a razor blade after a misunderstanding over a debt.Zacharia Chibaduki used a razor blade on Horizon Mutandiro, demanding his money...
by Blessing Masakadza

Harare offers 30% discounts to debtors

17 December 2014 | 4386 Views
Harare City Council is offering a 30 percent discount to corporates and 5 percent to residents who settle their debts in full by end of this month. This is an effort by council to entice ...
by Staff reporter

Man drags brother to court over Zim dollar debt

25 November 2014 | 2877 Views
BULAWAYO - A NKULUMANE man has sued his stepbrother for $11,482 he used to renovate his late step father's house during the Zimbabwe dollar era for ZW$700.According to the man's calculati...
by Court Reporter

Ambrose Mutinhiri loses property over debt

20 November 2014 | 2821 Views
ASPIRING vice president, retired brigadier-general Ambrose Mutinhiri, has lost property worth thousands of dollars after it was attached by the Deputy Sherriff. CBZ Bank had to seek legal recourse to ...
by Staff reporter

Byo City Council's $47 million Zesa debt lingers

17 November 2014 | 2003 Views
BULAWAYO City Council (BCC) is still negotiating with Zesa to offset part of its $47 million debt to council by cancelling the $37 million the local authority owes the electricity supplier....
by BCC

Herdman axes employer's son over $20

16 November 2014 | 1781 Views
A BINGA herdman will rue the day he struck his employer's son who had demanded his $20 with an axe.Mlungisi Moyo (24) of Chishizha, Lusulu in Binga, pleaded guilty to attempted murder when he ...
by Fairness Moyana

Businessman offers to pay $26,000 debt over 200 years

05 October 2014 | 2930 Views
A PLUMTREE businessman irked Bulawayo High Court judge Justice Martin Makonese when he offered to repay a debt of $26 000 in monthly instalments of $10.If the judge had accepted the offer, it ...
by Staff reporter

RBZ Debt Assumption Bill needs clear- headed approach

29 September 2014 | 1945 Views
In compliance with section 141 of the constitution which obligates Parliament to consult concerned parties about draft legislation under consideration, the Parliamentary Portfolio Committee on Finance...
by Tafara Shumba

RBZ mulls electronic payments regulation

22 September 2014 | 1938 Views
RBZ plans to introduce regulations that govern electronic transactions following the proliferation of technology based payment platforms. RBZ Financial markets division deputy director Wil...
by Staff reporter

Zimbabweans face higher taxes if RBZ Debt Assumption Bill passes

22 September 2014 | 1802 Views
Zimbabweans could pay higher taxes if Parliament adopts the proposed RBZ Debt Assumption bill. Analysts said government will have no option but to hike taxes in order raise funds to repay the RBZ...
by Staff reporter

Debt stands in the way of Zimbabwe - China courtship

21 September 2014 | 1797 Views
In my last week column, I highlighted that there is a "beauty contest" for international capital.The RBZ, in it...
by Nesbert Ruwo

Zimbabwe's external debt to hit $7.2 billion

12 September 2014 | 1560 Views
Zimbabwe's external debt will hit $7, 2 billion by December this year, according to government projections. Chinamasa said in the midterm fiscal policy debt distress has continued to undermine...
by Staff reporter

Govt to offload $1,3 billion RBZ debt on taxpayers

12 September 2014 | 2359 Views
The government is working on modalities to make taxpayers fund the $1,35 billion debt raked up by the Reserve Bank of Zimbabwe during the hyper inflationary period of the Zim dollar era.Ev...
by Staff Reporter

Government assumes RBZ debt

04 September 2014 | 2085 Views
The government has been challenged to consider the enactment of a provision which protects financial institutions from litigations by creditors in respect of debt assumed by the state under the Reserv...
by Staff Reporter

RBZ pays 16 year old Meikles debt

20 August 2014 | 5041 Views
Reserve Bank of Zimbabwe (RBZ) has begun payments of a 16-year-old debt to diversified conglomerate, Meikles Holdings Limited (Meikles).John Moxon, the Meikles chairman yesterday said the grou...
by Staff reporter

Jealousy man set ex-lover's property on fire over $25 debt

31 July 2014 | 2197 Views
IN fit of jealousy, a Gwanda man allegedly set on fire property belonging to his ex-girlfriend's new lover demanding $25 he gave her while they were still together.Jealous Sibanda, 23, repor...
by Staff reporter

Man killed over $5 debt

16 July 2014 | 2600 Views
A NKAYI man has been sentenced to nine years in prison for fatally striking his drinking mate with a log following a dispute over three chains and $5.Thokozani Moyo, 23, of Majoyi area appeare...
by Lindani Dube

Zimra boss fails to payback $1,5m debt, taken to court

13 July 2014 | 3662 Views
Gershem Pasi, the Zimbabwe Revenue Authority (Zimra) commissioner general, is failing to pay back $1,5 million he borrowed from Interfin Banking Corporation Limited (Interfin) to fund operations for h...
by Staff reporter

Man kills woman to settle $6,50 debt

04 July 2014 | 3933 Views
A 23-year-old Glen View man has been convicted of murder with actual intent after he fatally stabbed a female resident in a bid to steal her personal items and raise $6,50 to settle a debt. ...
by Staff reporter

Woman bashed over $1 debt, friendship terminated

18 June 2014 | 2691 Views
A GWANDA woman allegedly assaulted her friend with a log and terminated their friendship following a dispute over a $1 debt, a court heard. Thembani Matsheza of Ekhaya Compound in West Nichols...
by Marvelous Moyo

Masimirembwa loses top-of-the- range vehicle over debt

12 June 2014 | 4741 Views
FORMER Zimbabwe Mining Development Corporation board chairman, Goodwills Masimirembwa, has had his top-of-the- range vehicle, a Toyota Land cruiser VX, attached by the deputy sheriff following failure...
by Staff Reporter

AfDB to help Zimbabwe cut debt

20 May 2014 | 3298 Views
Kigali - The African Development Bank is considering three ways it could help Zimbabwe clear its huge debts and will settle on a rescue package in three months' time, the bank's chief economist sa...
by Reuters

Zimbabwe settles $30 million debt owed to Zambia

09 May 2014 | 2723 Views
Zimbabwe has settled the outstanding $30 million owed to Zambia as principal debt accrued through the acquisition of power generation equipment under the defunct Central African Power Corporation (CAP...
by Staff reporter

Man commits suicide after failing to pay debts

01 May 2014 | 3512 Views
A Gweru man was found hanging from a tree in Mtapa suburb, police have confirmed. Relatives of the deceased man suspect the man could have cut his life short owing to some financial challenges...
by Staff Reporter

Zimbabwe fails to pay IMF debt

27 April 2014 | 3570 Views
Zimbabwe has no capacity to clear debt arrears with international financiers due to the poor state of the economy, Finance minister Patrick Chinamasa has said.Chinamasa ...
by Staff reporter

Zimbabwe unable to clear international debt

25 April 2014 | 3471 Views
The Minister of Finance and Economic Development, Patrick Chinamasa says government has no capacity to clear its international arrears and principal debts with the Bretton Woods institutions that incl...
by Staff reporter

Zimbabwe moves in to repay external debt

30 March 2014 | 3501 Views
ZIMBABWE has entered into a repayment plan with creditors as it moves to settle the $6,1 billion external debt, Finance minister Patrick Chinamasa has said.The country d...
by Staff reporter

Telecel sued over debt

28 March 2014 | 2773 Views
Telecel Zimbabwe (Pvt) Limited is being sued by NICLIFT Investment for allegedly failing to pay the firm $52 000 for services provided to the mobile phone network provider four years ago.Accor...
by Peter Matambanadzo

Knife attack over $1 debt

24 March 2014 | 2335 Views
A 32-YEAR-OLD man from Masvingo's Chief Chikwanda in Morgenster area is battling for his life at Masvingo General Hospital after a fellow villager allegedly knifed open his stomach with an Okapi kni...
by Walter Mswazie

Prophet to settle Bev's $25,000 debt

09 February 2014 | 5910 Views
Pastor Walter Magaya's Prophetic Healing and Deliverance Ministries (PHD) could pay upwards of $25 000 to buy recent convert Beverly "Bev" Sibanda out of a contract with a local record company....
by Mtandazo Dube

Teacher collapses in court after row with ex over $180 debt

25 January 2014 | 4621 Views
A Bulawayo woman, Mercy Pampato Mpata, collapsed in court during a heated argument with her alleged "ex-boyfriend" over a debt of $180. Mpata, a teacher based in Ntabazinduna remained unconsc...
by Staff Reporter

Zim lobby creditors to have its $6.1bn debt written off

23 January 2014 | 2786 Views
ZIMBABWE will this year actively lobby creditors to have its $6,1 billion debt written off after completing an audit and validation of the debt last year, Finance and Economic Development Minister Pat...
by Business reporter

PSMAS debts hits $38 million, CEO earns $250,000 per month

22 January 2014 | 5718 Views
The entire civil and uniformed services, and pensioners of these services, may go without medical aid as the Government has yet to renew the operating licence for Premier Service Medical Aid Society ...
by Staff reporter

TelOne recovers $90m out of $300m under its debt recovery programme

21 January 2014 | 2360 Views
Zimbabwe's sole landline network operator, TelOne, says it collected $90 million out of a targeted $300 million last year under its debt recovery programme.Prior and following the introducti...
by Staff reporter

MDC-T senior official's property attached over TelOne debt

16 January 2014 | 2241 Views
MDC-T National Assembly member for Gweru Urban, Sessil Zvidzayi's company is allegedly failing to settle a TelOne debt of $23 000 in unpaid bills dating back to 2009. Zvidzayi owes TelOne $23 ...
by Staff reporter

'Dead' businessman sends text messages to friends apologising he died

10 January 2014 | 8882 Views
A BULAWAYO man, Lawrence Ndlovu, who is a cellphone dealer at Unity Village flea market in the city centre, faked his death in a bid to avoid massive debts.Ndlovu reportedly sent his friends t...
by Staff Reporter

Cash strapped Zim govt engages creditors over debt

30 December 2013 | 5736 Views
HARARE - Cash strapped Zimbabwe government is negotiating with external creditors over its gigantic debt but has ruled out its swift clearance owing to serious economic challenges, Daily News reported...
by Staff Reporter

News Updates

Email:

Latest News

SA set to review rejected Zimbabwean Permit applications

by Staff reporter | 30 July 2015 | 732 Views

Net Seven Real Estate ordered to stop trading

by Ndou Paul | 30 July 2015 | 518 Views

Former Chapungu FC player dies

by Stephen Jakes | 30 July 2015 | 1181 Views

Zanu PF candidate declared winner unopposed in Mwenezi

by Stephen Jakes | 30 July 2015 | 575 Views

Zim Catholic community in Botswana brings churches together

by Staff Reporter | 30 July 2015 | 681 Views

'The law is an ass,' says Mugabe

by Staff reporter | 30 July 2015 | 2002 Views

Zanu PF UK condemns lazy MPs

by Stephen Jakes | 30 July 2015 | 493 Views

DStv screw viewers, moves English Premiership to premium bouquet

by Sports Reporter | 30 July 2015 | 2209 Views

Movement for Democratic Confusion

by Peacemaker Zano | 30 July 2015 | 975 Views

Tout steals cop's cellphone

by Staff reporter | 30 July 2015 | 1119 Views

Zimbabwe police to get shoot-to-kill powers?

by Staff reporter | 30 July 2015 | 1428 Views

I owe no one any apology about Obama, Cdes

by CZ | 30 July 2015 | 2229 Views

Fingaz to retrench 35% of its staff

by Ndou Paul | 30 July 2015 | 1191 Views

Mujuru not missing war-torn Zanu-PF

by Staff reporter | 30 July 2015 | 2387 Views

Kasukuwere faces prison

by Staff reporter | 30 July 2015 | 2457 Views

'I feared Mugabe used juju,' says Grace

by Staff reporter | 30 July 2015 | 3067 Views

Chamisa must resign from MDC-T

by Staff reporter | 30 July 2015 | 2082 Views

Mugabe threatens to kick out British and US envoys

by Staff reporter | 30 July 2015 | 1281 Views

Mnangagwa declares Tomana lord

by Staff reporter | 30 July 2015 | 1436 Views

Zapu forced to postpone congress

by Staff reporter | 30 July 2015 | 745 Views

Stealing from Air force member leads man into trouble

by Stephen Jakes | 30 July 2015 | 731 Views

Mugabe rattled by job loss

by Staff reporter | 30 July 2015 | 1089 Views

Grace Mugabe donates to 50 charity homes

by Staff reporter | 30 July 2015 | 660 Views

Let's talk, Chiyangwa tells duped home-seekers

by Staff reporter | 30 July 2015 | 896 Views

Mahachi fate hangs in balance

by Staff reporter | 30 July 2015 | 799 Views

Fired Zuva managers turn to ConCourt

by Staff reporter | 30 July 2015 | 616 Views

Funeral body calls for duty reduction

by Staff reporter | 30 July 2015 | 772 Views

Zimbabwe set to have a cassava ethanol producing plant

by Staff reporter | 30 July 2015 | 578 Views

New shareholding threshold for Zimbabwe banks

by Staff reporter | 30 July 2015 | 554 Views

Entertainment

Gwanda gospel music extravaganza confirmed

by Staff correspondent in Pretoria South Africa | 29 July 2015 | 1660 Views

Zim music industry dead - Prof Moyo

by Staff Reporter | 29 July 2015 | 3121 Views

Bev causes UK man to soil pants

by Bongani Ndlovu | 28 July 2015 | 6980 Views

Maskandi Mtshengiseni Gcwensa dies

by Stephen Jakes | 28 July 2015 | 5062 Views

Let me be! - Acie Lumumba

by TWZ | 28 July 2015 | 2558 Views

Bev returns home

by Staff reporter | 28 July 2015 | 6283 Views

Rapper Chad and Grammy winner Soko partner on EFT single

by Anashe Press Relations | 27 July 2015 | 2657 Views

All set for Chibuku Neshamwari National Finals in Bulawayo

by Thobekile Zhou | 25 July 2015 | 1825 Views
iBlog

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago

Greatsoftline For All Of Your Software Needs

coupon and promo codes: greatsoftline for all of your software needswhile some online sellers have promotional services that reduce the overall amount you spent, others do not .you need to be on the lookout for the best outlets in order to chase th... Read More
ITnews 25 February 2015 ago