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Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2510 | by Staff reporter
Dairibord has no plans to exit Zimbabwe
Dairibord Holdings has firmly dismissed recent online reports suggesting that the company is planning to shut down its operations in Zimbabwe and relocate to South Africa. The group has reaffirmed its...Published: 09 Oct 2024 at 07:36hrs | 299 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1185 | by Staff reporter
Stripping of hotel group's assets at African Sun?
African Sun, a leading hospitality group, has announced plans to divest the Great Zimbabwe Hotel in Masvingo and the Beitbridge Express Hotel to TD Hotels & Leisure (Private) Limited.In a ...Published: 09 Sep 2024 at 08:33hrs | 861 | by Staff reporter
Revolt at MTN over CEO's 'female favourite'
An ugly battle is brewing at MTN over the direction Africa's biggest mobile network operator is taking under group CEO Ralph Mupita, with executives threatening to quit en masse over his leadership st...Published: 01 Sep 2024 at 11:58hrs | 4557 | by Staff reporter
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 10 Jul 2024 at 16:49hrs | 13 | by Rutendo Bereza Matinyarare
Ramaphosa's ANC has not learnt from history
In 2018, ANC chose Cyril Ramaphosa as President because they believed that white capital liked him and thus he would attract western investment into the country. However, things did not quite go accor...Published: 14 Jun 2024 at 13:23hrs | 24 | by Staff reporter
Tagwirei amassed his wealth through legal means
Former opposition politician Eddie Cross has defended Zanu-PF-affiliated business magnate Kudakwashe Tagwirei, asserting that the billionaire's wealth was accumulated through lawful means.Tagw...Published: 25 Mar 2024 at 06:31hrs | 13 | by Staff reporter
Zimbabwe moves to address investor concerns
THE Zimbabwe Investment and Development Agency (Zida) is working round the clock to operationalise a system for resolving investor complaints in line with international best practices.The syst...Published: 27 Feb 2024 at 04:41hrs | | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | | by Staff reporter
RBZ approves FBC acquisition of StanChart
THE Reserve Bank of Zimbabwe (RBZ) has approved FBC Holdings Limited's (FBCHL) purchase of Standard Chartered Bank Zimbabwe Limited (SCBZL), making it one of the biggest banks in the country.A...Published: 15 Nov 2023 at 05:12hrs | 7 | by Staff reporter
Zimdollar remains volatile
LOCAL financial service firm Fincent Securities Private Limited (Fincent) says the Zimbabwe dollar has lost significant value since the announcement of the disputed election results.From the e...Published: 10 Sep 2023 at 09:00hrs | | by Staff reporter
Mutumwa Mawere seeks to bar Mnangagwa from running for Zimbabwean Presidency
EXILED businessman Mutumwa Mawere has approached the Constitutional Court, seeking to block President Emmerson Mnangagwa from contesting in the August 23 polls.The South African-based ty...Published: 21 Jul 2023 at 18:07hrs | 1 | by Staff reporter
Businessman demands US$4 million from former partner
TOP banker and marketing specialist, Mr Douglas Mamvura, is demanding payment of US$4 million from his former business partner Mr George Manyere, over a deal involving the sale of shares of an investm...Published: 11 Apr 2023 at 14:30hrs | 13 | by Staff Reporter
What draws the gold mafia to Dubai?
An Al Jazeera investigation shows how criminals use the city's pro-business policies to smuggle gold, clean dirty cash.https://www.youtube.com/watch?v=...Published: 06 Apr 2023 at 20:23hrs | 1 | by Al Jazeera Investigative Unit
Gold smuggler tied to Kenyan plunder is back - now in Zimbabwe
A gold smuggler implicated in a scandal that robbed Kenya of 10 percent of its GDP in the 1990s has moved his smuggling operation to Zimbabwe and Dubai, Al Jazeera's Investigative Unit (I-Unit) can re...Published: 23 Mar 2023 at 19:50hrs | | by AFP
Chidawu widow's sues own children over estate
THE late national hero Oliver Chidawu's widow Spiwe has approached the High Court seeking to bar her own children from accessing their father's vast wealth arguing that they had no claim to properties...Published: 24 Oct 2022 at 18:32hrs | | by Staff reporter
Storm brews over Oliver Chidawu estate
THE late national hero Oliver Chidawu's widow Spiwe has taken family executor Clever Mandizvidza to court, challenging a will left by her husband on the basis that it violated sections of the Wills Ac...Published: 18 Oct 2022 at 05:59hrs | 3 | by Staff reporter
Mnangagwa's govt stripping assets, claims MPs
LEGISLATORS have accused the Executive of systematically stripping the country of its valuable assets and selling them through opaque deals, which observers say smells of deep-rooted corruption and pl...Published: 30 Aug 2022 at 06:35hrs | 1 | by Staff reporter
Mphokos, Choppies legal wrangle rages on
THE legal battle pitting Choppies Enterprises Limited against former Vice-President Phelekezela Mphoko and his son Siqokoqela over the 51 percent shareholding that they claim at the retail giant will ...Published: 11 Aug 2022 at 06:40hrs | 6 | by Staff reporter
Court dismisses Mphoko's application in Choppies dispute
THE Bulawayo High Court has dismissed an application by former Vice-President Phelekezela Mphoko and his son Siqokoqela, who took Choppies Enterprises to court over 51% shareholding that they claim ow...Published: 03 Aug 2022 at 06:46hrs | | by Staff reporter
Innscor fined US$9m, ordered to divest from Probrands
THE Competition and Tariff Commission (CTC) imposed a fine of US$9,1 million on Innscor Africa Limited (Innscor) for consummating the merger of one of its subsidiaries without the Commission's approva...Published: 26 Jun 2022 at 12:26hrs | 9 | by Staff reporter
CCC craving for Ian Smith and his come-again UDI
Craving for Smith, a Second RhodesiaTHOSE who have read big book know what Spinoza saw clearly as the problem which political philosophy could not crack , a problem which Wilhelm Reich rhetori...Published: 11 Jun 2022 at 09:07hrs | | by Jamwanda
Moti Group bullish on Zimbabwe prospects
MOTI Group will double its production by 100% to 20 000 tonnes of chrome in the next two months from the current 10 000 tonnes as the diversified mining group targets a blitzkrieg in mineral productio...Published: 03 Jun 2022 at 19:15hrs | | by Staff reporter
Mphoko, Choppies case judgment reserved
THE Bulawayo High Court has reserved judgment in a case involving former Vice-President Phelekezela Mphoko and his son, Siqokoqela who are suing Choppies Enterprises over a 51% Choppies share stake th...Published: 25 May 2022 at 06:36hrs | 6 | by Staff reporter
Zimbabwe: Class IN itself versus Class FOR itself
US goose versus NED ganderTHERE is always more to write about than there is space to publish. Last week I had to drop two key matters, to allow myself to address in extenso what I sought to ra...Published: 21 May 2022 at 17:53hrs | | by Staff reporter
RBZ on StanChart Zimbabwe exit
THE Reserve Bank of Zimbabwe (RBZ) says the divestiture of Standard Chartered Bank Zimbabwe Limited will result in change of ownership and control of the giant banking institution, which will continue...Published: 25 Apr 2022 at 08:47hrs | | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 2 | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1 | by Victor Bhoroma
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 25 Mar 2022 at 05:54hrs | 1 | by Rutendo Bereza Matinyarare
Chamisa: When the Goliath Complex Afflicts
My early days in primary school were dominated by the story of Goliath, the giant of Philistine.Goliath's name was onomatopoeic; this sonorous name heavily suggested physical hugeness afflicte...Published: 19 Mar 2022 at 06:38hrs | 1 | by @Jamwanda2 on Saturday
Beitbridge border fence contractors ordered to pay back the profits
Contractors who were paid millions before doing any work on the Beitbridge border fence have been ordered to pay back the profits they made from the controversial project.The Special Investiga...Published: 09 Mar 2022 at 07:37hrs | | by Staff reporter
Dramatic new twists and turns in Mnangagwa's fresh lawsuit
THE convoluted case about accountability and the rule of law in which a Harare man Tichaona Mupasiri has filed a Constitutional Court (ConCourt) application against President Emmerson Mnangagwa's appo...Published: 13 Feb 2022 at 20:46hrs | 8 | by Staff reporter
Ramaphosa sucked into the SMM saga
SOUTH African President Cyril Ramaphosa has been dragged into the on-going fight between government and the Friends of SMM Holdings (Pvt) Ltd (FOSMM) over the hostile takeover of the asbestos mine in ...Published: 09 Feb 2022 at 05:28hrs | | by Staff reporter
South Africa's Judge Mogoeng Mogoeng found guilty
Former South Africa Chief Justice Mogoeng Mogoeng has been found guilty for defying Judge Mojapelo's Judicial Conduct Committee decision ordering him to unconditionally apologise and retract his...Published: 20 Jan 2022 at 17:52hrs | 6 | by Mandla Ndlovu
Choppies commits to Zimbabwe market
Botswana Stock Exchange (BSE)-listed supermarket group Choppies says while it has divested from loss-making markets, it remains committed to managed expansion in Zimbabwe and two other countries....Published: 14 Jan 2022 at 05:16hrs | | by Staff reporter
Mnangagwa dragged to court for appointing Chinamasa Air Zimbabwe board chair
PRESIDENT Emmerson Mnangagwa has been dragged to the Constitutional Court for behaviour that is inconsistent with provisions of the constitution after the appointment of Zanu-PF politburo member Patri...Published: 26 Dec 2021 at 15:32hrs | 7 | by Staffreporter
Mnangagwa taken to court
A HARARE man has filed a Constitutional Court (ConCourt) application against President Emmerson Mnangagwa's appointment of Patrick Chinamasa as director and chairman of the embattled Air Zimbabwe argu...Published: 22 Dec 2021 at 04:50hrs | 5 | by Staff reporter
Policy incentives to reindustrialization lacking
Zimbabwe aspires to create an upper middle income economy with a Gross Domestic Product (GDP) of US$65 billion by 2030. This vision is premised on the reindustrialization strategy where competitivenes...Published: 24 Nov 2021 at 10:35hrs | 8 | by Victor Bhoroma
Investment still hampered by business climate
Foreign Direct Investment (FDI) into Zimbabwe remains very low, with the latest central bank monetary policy stating that the country received a meagre US$22.35 million in the first half of 2021. In 2...Published: 20 Oct 2021 at 18:33hrs | | by Victor Bhoroma
Bigwig defends lavish party
UNDERFIRE Finance ministry permanent secretary George Guvamatanga has struck a defiant tone after fierce criticism over his 50th birthday bash in Harare where he invited top performers from South Afri...Published: 10 Oct 2021 at 06:53hrs | | by Staff reporter
SMM saga sucks in Cyril Ramaphosa
FRIENDS of Shabanie and Mashava Mines Holdings (FoSMM) have filed papers at the Johannesburg High Court seeking an order to compel South African President Cyril Ramaphosa to ignore an administrator ap...Published: 17 Sep 2021 at 20:17hrs | 6 | by Staff reporter
The lessons from Zambia
I have just celebrated my 77th birthday and have settled on two proud new titles. I have now added a new title to my repertoire. I was given the title of mukoma at the Manica Post. Governor Josiah Hun...Published: 05 Sep 2021 at 07:03hrs | | by Kenneth Mufuka
Security agents stalk war veteran
THE fight for control of Caps Holdings Limited (CHL) has turned nasty, with war veteran and businessman Frederick Mutanda alleging that State security agents were involved in a plot to assassinate him...Published: 11 Jun 2021 at 07:30hrs | 1 | by Staff reporter
Sanctions: The unfair comparison between Zimbabwe and Rhodesia
MANY Zimbabweans often bring up the comparison between Rhodesian and Zimbabwean sanctions to drive the narrative that Rhodesia had more stringent sanctions that they managed better than Zimbabwe is ma...Published: 11 Jun 2021 at 06:35hrs | | by Rutendo Bereza Matinyarare
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | | by Victor Bhoroma
Mawere reports SMM administrator to ZACC
Businessman Mutumwa Mawere has asked the Zimbabwe Anti-Corruption Commission (ZACC) to investigate how Shabanie Mashaba Mines (SMM), which is under state curatorship since 2004, has been collecting re...Published: 06 Apr 2021 at 11:41hrs | | by Staff reporter
Mnangagwa not worried about Ramaphosa speech in Tanzania
The president of South Africa Mr C Ramaphosa paid tribute to the countries he said helped and fought with ANC to remove Apartheid in South Africa. Mr Ramaphosa thanked Tanzania for being the centre an...Published: 29 Mar 2021 at 10:24hrs | 7 | by Dr Masimba Mavaza
West to impose sanctions on South Africa if Ramaphosa is removed
Lately, there has been rising positive publicity on Zimbabwe and rising negativity on South Africa by international and white media.Just recently, the world bank released unemployment numbers ...Published: 11 Mar 2021 at 14:12hrs | 2 | by Rutendo Ben Matinyararire
'Zimbabwe talks not possible until political leaders put country first'
PROSPECTS of dialogue seen as the only solution in settling Zimbabwe's political and economic crises are gloomy because of "selfishness and egotism" being exhibited by Zanu-PF and opposition MDC Allia...Published: 11 Feb 2021 at 06:21hrs | | by Staff reporter
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