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Glencore to pay $152 million to resolve Swiss bribery investigation
Glencore said on Monday it will pay about $152 million as a fine and compensation claim after Swiss authorities found the company liable for failing to prevent the bribery of a Congolese public offici...Published: 27 Nov 2024 at 13:00hrs | 1030 | 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 | 18 | by Rutendo Bereza Matinyarare
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
Why close Sekunjalo Bank account when Steinhoff is still having one?
The decision to shut down the Sekunjalo Group's bank accounts and associated companies is a clear case of discrimination masquerading as concern over "reputational risk."Ongoing legal battles ...Published: 25 Feb 2024 at 08:12hrs | | by Edmond Phiri
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 | 2 | by Staff reporter
nZondo Commission 'a useful distraction' from South Africa's pressing problems
Many South Africans have already drawn their conclusions regarding the judicial Commission of Inquiry into Allegations of State Capture, corruption and fraud in the Public Sector, including Organs of ...Published: 28 Jun 2022 at 19:50hrs | 1 | by Sipho Seepe
Zondo ignores dirt on Ramaphosa
MORE than R1 billion later and after eight million pages of documentary evidence, 75 000 pages of transcribed oral evidence and over 800 witnesses, the final chapter of the Commission of inquiry into ...Published: 26 Jun 2022 at 11:50hrs | 8 | by Staff reporter
'Ramaphosa knew about Glencore corruption'
Former Eskom chief executive Matshela Koko said he was consulting lawyers about igniting fresh investigations into President Cyril Ramaphosa-linked Glencore and its dirty deals at the power utility....Published: 31 May 2022 at 13:21hrs | 1 | by Staff reporter
Scandal-ridden Glencore has a big footprint in Zimbabwe
GLOBAL commodities giant Glencore, one of the world's largest diversified natural resource companies, currently engulfed in a corruption and bribery storm in the United States, Britain and Brazil, has...Published: 31 May 2022 at 07:37hrs | 160 | 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: 25 Mar 2022 at 05:54hrs | 1 | by Rutendo Bereza Matinyarare
Honeymoon over for Zambian leader
Almost six months after the high expectations created by his historic landslide victory over Edgar Lungu and his promises of fundamental reform, Zambian President Hakainde Hichilema's halo has begun s...Published: 18 Feb 2022 at 05:30hrs | | by Staff reporter
State Capture Report hand over to Ramaphosa hits a snag
The intention by the State Capture Commission to hand over the first draft of its report to President Cyril Ramaphosa has hit a snag.This comes as the South Gauteng High Court on Monday postpo...Published: 05 Jan 2022 at 05:51hrs | 5 | by Staff reporter
2021 marks four wasted years under Cyril Ramaphosa
Concluding his tour of four African countries in Dakar, President Cyril Ramaphosa told reporters that challenges faced by his administration in 2021 "combined to create just a catastrophic year"....Published: 01 Jan 2022 at 14:16hrs | 11 | by Professor Sipho Seepe
BNC dumps Glencore, strikes fresh deal
ZIMBABWE Stock Exchange-listed nickel producer Bindura Nickel Corporation (BNC) saw its sales volumes return to four digit figures during the quarter ended June 30, 2021 as offshore shipments resumed ...Published: 08 Aug 2021 at 07:30hrs | | by Staff reporter
Zimbabwe's cartels that are not the real cartels
I just read the report by Daily Maverick, that is purporting to expose cartels in Zimbabwe. The problem with the report is it does not include the obvious and leading cartels in Zimbabwe, such as Old ...Published: 11 Feb 2021 at 09:38hrs | 2 | by Simbarashe Mwandipendaa
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 7 | by Staff reporter
Who will replace SB Moyo?
ZIMBABWE is a landlocked nation which relies heavily on its sisters in the SADC region.To the East Zim has Mozambique. A troubled neighbour who happens to be dealing with a growing insurgency ...Published: 03 Feb 2021 at 17:26hrs | | by John Mbizvo
State capture: The hunters have become the hunted
The opening statement by former Eskom chief executive, Brian Molefe, testifying at the Zondo Commission into State Capture triggered a seismic shift whose political implications are far and wide....Published: 25 Jan 2021 at 11:42hrs | 4 | by Professor Sipho Seepe
Brian Molefe fingers Cyril Ramaphosa for Eskom's problems
Former Eskom CEO Brian Molefe on Friday took aim at President Cyril Ramaphosa, blaming him for having been part of the problems the state-owned power utility faces today.According to Molefe, w...Published: 15 Jan 2021 at 20:10hrs | | by Staff reporter
Zimbabwe owes foreign fuel suppliers $200 million
Zimbabwe owes foreign fuel suppliers, including Glencore, Total and Trafigura $200 million, which has made new imports difficult as companies require cash upfront, the energy minister and central bank...Published: 30 May 2019 at 18:47hrs | | by Reuters
Biti wants Zimbabwe to redollarise
THE crippling fuel and power shortages facing Zimbabwe are likely to get worse if government fails to deal with price distortions on the market, former Finance minister Tendai Biti has said.Sp...Published: 20 May 2019 at 16:40hrs | | by Staff reporter
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 4 | by Victor Bhoroma
Zimbabwe fuel crisis could get worse, warns Mnangagwa ally
Long fuel queues formed around Zimbabwe on Monday, on the same day that the Energy Minister Joram Gumbo warned it might get worse.Zimbabwe's problem is simple: Trafigura and Glencore have mil...Published: 07 May 2019 at 06:12hrs | | by ZimLive
Mutsvangwa blames 'Queen Bee' for high fuel prices
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zanu-PF to gain an unfair advantage in the supply of fuel to the southern African nation.The...Published: 14 Apr 2019 at 10:12hrs | 4 | by Joseph Cotterill and David Sheppard I Financial Times
Zimbabwe's fuel pipeline allegedly 'captured' by Trafigura
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zimbabwe's ruling party to gain an unfair advantage in the supply of fuel to the southern Africa...Published: 12 Apr 2019 at 07:13hrs | 24 | by Joseph Cotterill and David Sheppard
Zimbabwe blocks US$1bn pipeline project
THE Ministry of Energy has blocked a plan by South African-owned Mining, Oil and Gas Services Company (MOGS) to construct a US$1 billion 550-kilometre fuel pipeline from Beira to Harare, arguing that ...Published: 22 Mar 2019 at 16:08hrs | 1 | by Staff reporter
Zimbabwe facing foreign currency shortages, not fuel, says Mnangagwa
News Editor Gift Phiri sits down for a wide-ranging interview with President Emmerson Mnangagwa's spokesperson George Charamba about the stuttering economy and what government is doing to address the ...Published: 13 Jan 2019 at 22:28hrs | 1 | by Staff reporter
Fuel rationing on the cards
GOVERNMENT is considering rationing fuel as a measure to curb fuel shortages following a 60% increase in demand for the liquid at a time the country is hard pressed for foreign currency to pay for fue...Published: 21 Dec 2018 at 07:06hrs | | by Staff reporter
Long fuel queues blamed on panic buying
Fuel service stations are getting the normal supplies of a combined eight million litres daily but panic buying by motorists in anticipation of price increases and the festive season has resulted in l...Published: 03 Dec 2018 at 07:25hrs | 1 | by Staff reporter
Zimbabwe has enough fuel, claims Govt
Fuel service stations are getting the normal supplies of a combined eight million litres daily, but panic buying by motorists in anticipation of a price increase and the festive season have meant that...Published: 03 Dec 2018 at 07:04hrs | | by Staff reporter
Zimbabwe govt speaks on fuel situation
Government has attributed the fuel stock-outs witnessed in the last two days at some service stations in Harare to delays in foreign currency allocations. Energy and Power Development Minister...Published: 22 Nov 2018 at 05:44hrs | | by Staff reporter
Mnangagwa linked Zuva still has fuel service licence
Yesterday we reported that the government revoked service stations licence for Zuva Petroleum accusing the company o...Published: 31 Oct 2018 at 09:19hrs | | by Ndou Paul
Captured Joram Gumbo defends Queen Bee
GOVERNMENT has de-regulated the importation of fuel and reports of the existence of a monopoly or cartel are baseless and without foundation, Energy and Power Development Minister Dr Joram Gumbo has s...Published: 31 Oct 2018 at 05:24hrs | | by Staff reporter
Zimbabwe deregulates fuel imports
Government has deregulated the importation of fuel and reports of the existence of a monopoly or cartel are baseless, Energy and Power Development Minister Dr Joram Gumbo has said. He said the...Published: 31 Oct 2018 at 05:17hrs | | by Staff reporter
'Queen Bee' company to supply Zimbabwe with 1.6 billion litres of fuel
THE fuel supply situation in the country has stabilised after local petroleum giant Sakunda Holdings and its partners last week provided Government with 100 million litres of fuel, which will only be ...Published: 30 Oct 2018 at 05:20hrs | | by Staff reporter
ZimCoke revives ZiscoSteel's Coke plant
ZimCoke (Pvt) Limited plans to invest $133 million towards resuscitation of the Coke Oven Battery plant segment of the defunct steelmaker, ZiscoSteel. At full tilt the project is expected to produce 5...Published: 30 Jul 2018 at 06:47hrs | 1 | by Staff reporter
WikiLeaks: 25 most corrupt ministers and public figures in Zimbabwe
These individuals will never be prosecuted by the Mnangagwa government because he is involved with entirely all of them. Either they were in the deal together or they know too much of his own dirty de...Published: 03 Jun 2018 at 11:06hrs | 31 | by WikiLeaks
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 | | by Staff reporter
Mnangagwa pledges to meet investor expectations
President Mnangagwa says his Government will do everything possible to assist investors keen on starting businesses in Zimbabwe and has urged those interested to take the first mover advantage to expl...Published: 27 Jan 2018 at 10:10hrs | | by Staff reporter
Zuma's Dubai exit plan
An email trail between the controversial Gupta family and their employees has blown the lid off how they have managed to do business with government, ingratiate themselves with senior officials, and g...Published: 28 May 2017 at 09:45hrs | 2 | by Nicki Gules and Sipho Masondo
Claims that transformation has been slow are dangerous, says SA billionaire
Cape Town - Retail tycoon Christo Wiese is fed up with the rich getting the blame for South Africa's problems, ...Published: 02 Feb 2017 at 19:34hrs | | by Staff reporter
Commodity prices crash hits Africa
Volatile global financial markets and weaknesses in global growth to blame Just three years ago, most of the world's fastest-growing economies were in ...Published: 13 Jan 2017 at 21:52hrs | | by Kingsley Ighobor
Zuva Petroleum selling contaminated fuel, officials reveal
A key oil asset once owned by BP in the country, Zuva Petroleum sold fuel contaminated with water to unsuspecting motorists. Officials at the firm which has countless stations acros...Published: 17 Dec 2016 at 04:25hrs | 1 | by Alice Dube
Brian Molefe on a mission to defeat the 'demon of racism and exploitation'
Outgoing Eskom CEO Brian Molefe has called on South Africans to stop being distracted by those wanting "to see black people fail" and instead focus on defeating the "demon of racism and exploitati...Published: 30 Nov 2016 at 12:27hrs | | by Matthew le Cordeur
Entire Zanu PF leadership is corrupt and must resign - PDP
The on-going exposures in the media at the Zimbabwe Revenue Authority (Zimra) and other scandals involving various factions of Zanu PF confirm how highly corrupt the entire Zanu PF leadership is and w...Published: 09 Nov 2016 at 16:38hrs | | by Moses Manyengavana
'ANC leaders who spoke out against Guptas backed by white capitalists'
Johannesburg - The Umkhonto weSizwe Military Veterans' Association (MKMVA) gave a tongue-lashing to several ANC leaders yesterday at Luthuli House, accusing them of colluding with white capitalists to...Published: 31 Mar 2016 at 00:41hrs | | by Agencies
Zimbabwe govt demands refund for Hwange equipment purchased from India
GOVERNMENT is incensed by the downtime resulting from the frequent breakdowns of the new equipment at Hwange Colliery Company Limited and is now actively seeking either financial compensation or the r...Published: 24 Jan 2016 at 05:58hrs | | by Staff reporter
Egoli no longer the place of gold
Matthias Nkomo is a resident of Plumtree who worked as a waiter in neighbouring South Africa for over 30 years.When he left Zimbabwe back then, Johannesburg was popularly known as Egoli, loose...Published: 06 Nov 2015 at 06:14hrs | 1 | by Mandla Tshuma
Zanu PF militants attack MDC-T members in Capetown
Scores of MDC T supporters were injured today when marauding Zanu PF members exported their violent nature to South Africa.MDC T members had gathered for a weekend braai in Summergreens, Capet...Published: 23 Aug 2015 at 09:21hrs | | by richard@glencoreconsulting.co.za
Zimbabwe is moving, evolving quite fast
Zimbabwe is moving, evolving quite fast. Not in the superficial neo-liberal sense in which a backsliding country can be pampered by Bretton Woods affiliates, pampered to vertiginous growth levels....Published: 22 Aug 2015 at 20:01hrs | | by Nathaniel Manheru
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