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OK Zimbabwe earmarks 50% of capital raise to clear debts
Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward ...Published: 30 Jun 2025 at 13:12hrs | 174 | by Staff reporter
Herbert Nkala to exit OK Zimbabwe in restructuring move
OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles int...Published: 29 Jun 2025 at 11:17hrs | 214 | by Staff reporter
Businessman in messy divorce
Harare businessman Itai Samanyai is currently embroiled in a heated divorce battle with his estranged wife, Grace Precious Mutongerwa-Samanyai, amid serious allegations of forged signatures linked to ...Published: 28 May 2025 at 10:53hrs | 815 | by Staff reporter
Leadership changes sweep through Zim's corporate landscape
A wave of leadership changes has swept through several listed companies in recent weeks, marking a significant shift in the corporate landscape. Notable companies such as OK Zimbabwe, Econet Wireless,...Published: 11 Mar 2025 at 11:30hrs | 653 | by Tonderai Ndoro
Boost for Zimbabwe cancer patients
Cancer patients, including children, have received a significant boost after two banks and one of Zimbabwe's leading supermarkets donated chemotherapy drugs and financial support to two cancer care or...Published: 11 Mar 2025 at 07:16hrs | 101 | by Staff reporter
OK Zimbabwe's poor performing executives fired on the spot
Veteran business executive Mr. Willard Zireva has returned as the Chief Executive Officer (CEO) of OK Zimbabwe, one of the country's largest retail chains. Zireva, who previously led the company from ...Published: 26 Feb 2025 at 11:58hrs | 806 | by Staff reporter
Zimbabwean CFO denied bail over fraudulent SA permanent residence permit
A Zimbabwean national accused of using a fraudulent South African permanent residence permit when applying for employment has been denied bail. Kudakwashe Mpofu, 33, the Chief Financial ...Published: 15 Feb 2025 at 18:36hrs | 3206 | by Staff reporter
Shock management changes at Zimpapers Media Group
Zimbabwe Newspapers (1980) Limited (Zimpapers), the country's largest media conglomerate, has announced major senior management changes as it embarks on a sweeping digital transformation process. The ...Published: 18 Jan 2025 at 18:55hrs | 1831 | by Staff reportetr
SAA struggling to get over US$50 million out of Zimbabwe
South African Airways (SAA) said it was still struggling to get over US$50 million out of Zimbabwe.Equating roughly to around R1 billion, Parliament's Standing Committee on Public Accounts (SC...Published: 24 Oct 2024 at 08:06hrs | 1241 | by Staff reporter
VBS looter released on parole
Former VBS Mutual Bank's chief financial officer Phillip Truter was released on parole after he was sentenced to 10 years in jail in 2020. Speaking to broadcaster Newzroom Afrika on Monday, De...Published: 15 Jul 2024 at 11:57hrs | 461 | by Staff reporter
Zimbabwean man got top job using fake SA permit
Home Affairs Minister Dr Aaron Motsoaledi has called on the Special Investigating Unit (SIU) to probe irregularities at the department.This comes after an illegal foreign national from Zimbabw...Published: 19 Mar 2024 at 13:00hrs | 11 | by Staff reporter
NetOne to install data, internet infrastructure
STATE owned mobile phone operator NetOne intends to deploy additional capital this year towards installation of data and internet service infrastructure, as data traffic continues to dominate the firm...Published: 01 Feb 2024 at 04:55hrs | 2 | by Staff reporter
ConCourt throws out 'unfounded' application accusing Chamisa's lawyer of graft
The Constitutional Court has dismissed as "unfounded" and "devoid of any merit" an application by a man who accused prominent lawyer Advocate Thabani Mpofu of corruption and violating his rights to di...Published: 18 Jan 2024 at 17:52hrs | 3 | by Staff reporter
Old Mutual deploys US$108 million worth of loans in Zimbabwe
Zimbabwe's largest financial services group, Old Mutual Zimbabwe, has deployed US$108m loans to different sectors of the economy.The deployment was done by the group's banking unit, CABS, CEO ...Published: 08 Apr 2023 at 18:36hrs | 15 | by Staff reporter
South African Human Rights Commission CEO suspended over racism
The South African Human Rights Commission (SAHRC) has suspended its acting CEO, Chantal Kisoon, pending the outcome of an investigation into allegations that she made racial remarks at fellow staff me...Published: 04 Mar 2023 at 20:52hrs | 3 | by Staff reporter
BREAKING: ESKOM appoints new CEO..as loadshedding rages on
Eskom has announced the appointment of Calib Cassim as Interim Group Chief Executive Officer with immediate effect. According to a press statement, Cassim will lead the Eskom management team u...Published: 24 Feb 2023 at 06:26hrs | | by Mandla Ndlovu
South African Airways relaunches Vic Falls-Johannesburg route
South African Airways has just joined the already existing seven flights including Eurowings, that take the route to the Victoria Falls Airport.SAA has since resumed the international flight t...Published: 17 Dec 2022 at 16:47hrs | | by Mzingaye Nxumalo
July Moyo pressures Victoria Falls City Council to give prime land to gold baron
LOCAL Government minister July Moyo, who is entangled in Victoria Falls land scandals — with his ally mayor Somveli Dlamini currently out of jail on bail after he was arrested for a fraudulent land ...Published: 27 Nov 2022 at 14:59hrs | 5 | by Staff reporter
July Moyo entangled in Vic Falls corruption scandals
LOCAL Government minister July Moyo (pictured), who is entangled in Victoria Falls land scandals — with his ally mayor Somveli Dlamini currently out of jail on bail after he was arrested for a fraud...Published: 20 Nov 2022 at 15:43hrs | 3 | by Staff reporter
Musk 'frees' the bird
Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platf...Published: 29 Oct 2022 at 20:51hrs | 3 | by Staff reporter
Who is afraid of Donald Trump?
When reading about United States politics, the reader should remember that the Democrats are the brainy party, but they are too brainy for their own good. While the Republicans are the stupid party, t...Published: 25 Sep 2022 at 16:46hrs | 1 | by Kenneth Mufuka
Eskom to hit South Africans with an above-inflation tariff hike
Eskom's tariff increase for 2022/23 will be 9,61 percent, The National Energy Regulator of SA (Nersa) announced on Thursday.The tariff increase is made of 3,5 percent for the 2022/23 year as w...Published: 27 Feb 2022 at 07:27hrs | | by Staff reporter
Caledonia CEO to leave next year
CALEDONIA Mining Corporation chief executive Steve Curtis will retire at the end of June next year, six months after leading the firm's listing on the Victoria Falls Stock Exchange (VFEX).The ...Published: 23 Dec 2021 at 05:40hrs | 13 | by Staff reporter
Munatsi, Dzanya wanted US$14m from BancABC
AT the time of his mysterious death, which relatives and friends believe was a cold blooded murder, Zimbabwe Investment and Development Agency boss Douglas Munatsi and his business partner Francis Dza...Published: 12 Dec 2021 at 20:18hrs | 14 | by Staff reporter
Campbell Musiwa: Chartered Accountant par excellence
Mr Campbell Musiwa holds a Bachelor of Accountancy Degree obtained from the University of Zimbabwe as well as a Masters in Business Leadership Degree from the University of South Africa.He qua...Published: 28 Nov 2021 at 07:44hrs | 12 | by Staff reporter
Stanbic appoints new CFO
Stanbic Bank has appointed seasoned banker, Tafadzwa Mahachi as their new Chief Financial Officer (CFO), with effect from 1 March 2021. Mahachi, who is a Chartered Accountant and a holder of a...Published: 03 Mar 2021 at 09:05hrs | 9 | by Agencies
Will Japan realize the Tokyo Olympics 2021?
Just months before the 2021 Tokyo Olympics is due to inaugurate, uncertainty continues to hang over whether the events should go ahead amid new waves of COVID-19 infections and risks posed by mutated ...Published: 27 Jan 2021 at 16:39hrs | 18 | by Staff Writer
Local firms vie for CSC
A CONSORTIUM of local companies and industrialists are seeking to seize a 75% stake in the defunct Cold Storage Company (CSC) after tabling a US$225 million investment proposal to the government....Published: 15 Jan 2021 at 07:46hrs | 5 | by Staff reporter
Nyanhongo takes over as Stanbic CE effective 1 Janaury 2021
Stanbic Bank has appointed its Chief Financial Officer, Solomon Nyanhongo as Chief Executive (CE) with effect from 1 January 2021.Nyanhongo takes over from Joshua Tapambgwa who leaves after 18...Published: 11 Jan 2021 at 10:10hrs | 1 | by Agencies
Tapambgwa leaves Stanbic bank
Stanbic Bank, Chief Executive (CE), Joshua Tapambgwa has stepped down from the helm of the leading financial services institution, effective 31 December 2020, after an illustrious 18 years at the Stan...Published: 10 Jan 2021 at 15:10hrs | 2 | by Agencies
NRZ slapped with US$236m lawsuit
DIASPORA and Infrastructure Development Group (DIDG) is demanding US$236 million from the National Railways of Zimbabwe (NRZ) as compensation after cabinet controversially terminated the consortium's ...Published: 04 Sep 2020 at 06:23hrs | | by Staff reporter
Vela has a case to answer: NSSA
The National Social Security Authority (NSSA) should take legal action against former board chairman Robin Vela for his role in "pressuring" the authority to make costly irregular decisions to award m...Published: 09 Aug 2019 at 08:03hrs | | by Staff reporter
'Zinara Finance Director deliberately dodged Parliament"
PARLIAMENTARY Public Accounts Committee chairperson Tendai Biti, was left seething with anger after an apparent snub from the Zimbabwe National Roads Authority (Zinara) Financial Director.Biti...Published: 19 Mar 2019 at 06:23hrs | 1 | by newzimbabwe
Zimbabwe start-up targets foreign market
A Zimbabwean start-up, Flexi Africa, has set up an online trade platform which links local vendors to international markets.Flexi Africa chief executive Gerald Nyamadzawo told Standardbusiness...Published: 23 Dec 2018 at 10:38hrs | 1 | by Staff reporter
Lifeline for Zimbabwe Cricket
International Cricket Council (ICC) chief executive David Richardson says Zimbabwe Cricket (ZC) is in a "survival mode" after the country narrowly avoided being put on notice for suspension from the w...Published: 02 Sep 2018 at 09:23hrs | 16 | by Staff reporter
Zimbabwe Cricket managing director resigns
ZIMBABWE Cricket (ZC) managing director Faisal Hasnain has officially resigned from his position with immediate effect due to the Chevrons' failure to qualify for the 2019 ICC Cricket World Cup....Published: 04 May 2018 at 07:20hrs | 6 | by Staff reporter
Mandiwanzira's 'Supa' corruption exposed
It is amazing how we get animated with factional fights and ignore relationships that are generally corrupt and affect us as a people.The biggest threat to the state and its survival is the co...Published: 19 Apr 2018 at 14:46hrs | 5 | by Hopewell Chin'ono
Mnangagwa charms global investors?
PRESIDENT Mnangagwa last Thursday met several high profile business people in Zurich, Switzerland, and took the opportunity to apprise them of Zimbabwe's compelling business and investment story....Published: 30 Jan 2018 at 05:18hrs | 1 | by Staff reporter
Time to invest in Zimbabwe is now
The evidence of Zimbabwe's ailing economy is everywhere: Massive unemployment estimated at 85percent; hyper-inflation; shortage of essential food items such as wheat; dependence on imports; cash-strap...Published: 30 Nov 2017 at 17:36hrs | | by Tryphosa Ramano
'Zimdollar' takes over as US$ disappears
Real time gross settlement (RTGS) balances, bond notes and treasury bills (TBs) are part of the "local dollars" as they are used solely for local transactions, unlike the greenback, a financial expert...Published: 12 Nov 2017 at 07:54hrs | | by Staff reporter
Zimbabwe landlords shun albino tenants
Landlords across the country's suburbs are avoiding albino tenants, perpetuating the intense stereotypes that the minority group continues to suffer, the Albino Charity Organisation of Zimbabwe (ALCOZ...Published: 28 Oct 2017 at 06:52hrs | 3 | by Staff Reporter
Zimbabwe Airways ready to take off
A NEW and debt-free national airline, Zimbabwe Airways, is expected to be unveiled next month - most likely on November 9 all things being equal - as the country seeks to reposition its flag carrier t...Published: 08 Oct 2017 at 04:20hrs | | by Staff reporter
Mzilikazi lose out on title defence
MZILIKAZI High School, the 2016 Orap Zenzele Chevrolet Champions Cup holders, have been denied an opportunity to defend their boys' title after they were omitted from the Under-20 football tournament ...Published: 09 Jun 2017 at 08:43hrs | | by Staff reporter
Zimbabwean born appointed MTN Chief Financial Officer
The MTN Group has appointed Ralph Mupita to the position of Group Chief Financial Officer (CFO) and Executive Director of MTN Group, with effect from 3 April 2017.Ralph is currently Chief Exec...Published: 31 Oct 2016 at 14:07hrs | 2 | by Staff reporter
Auditor General and Anti-Corruption Commission should work hand-in-glove
It is inundating to witness the unprecedented and the habitual exposes of gross corruption taking toll in all public institution daily. I find it useful to proffer the proposition that the Auditor Gen...Published: 28 Jun 2016 at 15:14hrs | | by Sparkleford Masiyambiri
Dandemutande appoints new CEO
Dandemutande has announced the appointment of Nhena Nyagura as the Chief Executive Officer to lead the business following its merger in 2015 with iWayAfrica Zimbabwe and Africa Online. His appoint...Published: 15 Jun 2016 at 11:28hrs | 7 | by Staff reporter
NMB courts foreign investors
Financial services group NMB Zimbabwe will this week play hosts to foreign investors who are expected to inject clo9se to $30 million in the company. The group's Chief Financial Officer Be...Published: 12 Apr 2016 at 11:36hrs | 3 | by Staff reporter
Sasol appoints Zimbabwean trained executive as CEO
Bongani Nqwababa has been appointed Joint-President and Chief Executive Officer of Sasol, the company said on Monday. Today, the Sasol Limited Board of Directors announced the appointment of B...Published: 11 Dec 2015 at 13:23hrs | 3 | by Ndou Paul
Orap Zenzele-Chevrolet Cup organisers applauded
VICE-PRESIDENT Phelekezela Mphoko has applauded the organisers of the Orap Zenzele- Chevrolet Cup for supporting the Government agenda of developing youths through sportThe VP was speaking at ...Published: 14 Jun 2015 at 11:38hrs | | by Sports Reporter
Google Glass flop forces search engine guru to reshuffle management
When Google announced it was halting sales of its Glass device earlier this month the firm's message was upbeat: Glass was simply being "graduated" from the research s...Published: 03 Feb 2015 at 10:02hrs | 28 | by Tech Reporter
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