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POSB privatisation put on halt
THE planned partial privatisation of the People's Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder.Partial privatisation was...Published: 04 Apr 2024 at 06:14hrs | | by Staff reporter
Deloitte exits Zimbabwe as management leads buyout
Deloitte, one of the world's big four accountancy firms, is leaving its Zimbabwe business and senior partners will buy out the unit.The Zimbabwe practice will exit the Deloitte network by Octo...Published: 15 Feb 2024 at 10:15hrs | | by Staff reporter
Mnangagwa's govt to offload 49% POSB stake
GOVERNMENT has put a 29% stake in the People's Own Savings Bank (POSB) for sale as the bank's partial privatisation exercise gets underway.The private placement will be followed by an initial ...Published: 21 Aug 2023 at 06:41hrs | 5 | by Staff reporter
What Zondo's Commission did not want South Africa to know
An explosive affidavit that turned the state capture narrative on its head never made it to the final report of the state capture commission of inquiry or was even considered by Chief Justice Raymond ...Published: 30 Jan 2023 at 07:37hrs | 1 | by Staff reporter
'Zimbabwe Electoral Commission refuses to release voters roll'
Nelson Chamisa linked activist group, Team Pachedu has accused the Zimbabwe Electoral Commission (Zec) of refusing to release a consolidated voters roll ahead of the delimitation exercise.In l...Published: 19 Aug 2022 at 06:45hrs | | by Staff reporter
Africanise the law and land
In Mzansi, most citizens can only own real estate when they are dead - their graves and tombstones if they can afford one. From the living majority, they become the silent majority.Throughout ...Published: 27 Jul 2022 at 19:29hrs | 1 | by Lindiwe Sisulu
Icaz appoints new CEO
THE Institute of Chartered Accountants of Zimbabwe (Icaz) has appointed William Mandisodza as its chief executive officer (CEO), according to a statement released on Wednesday.Icaz said Mandis...Published: 11 Mar 2022 at 05:43hrs | 1 | by Staff reporter
Icaz appoints Mandisodza as new chief executive
THE Institute of Chartered Accountants of Zimbabwe (Icaz) has appointed William Mandisodza as its chief executive, according to a statement released on Wednesday.Icaz said Mandisodza assumed h...Published: 03 Mar 2022 at 05:42hrs | | 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 | 9 | by Staff reporter
Shake-up at African Sun
AFRICAN Sun Limited (ASL) managing director Edwin Shangwa will leave Zimbabwe's largest hospitality chain at the end of this year following a surprise shake-up announced yesterday, which will also see...Published: 16 Nov 2021 at 05:42hrs | 1 | by Staff reporter
Icaz CEO quits
INSTITUTE of Chartered Accountants of Zimbabwe (Icaz) chief executive officer (CEO), Gloria Zvaravanhu will leave her role at the end of this year, NewsDay Business reported.In a circular sent...Published: 03 Nov 2021 at 05:23hrs | 1 | by Staff reporter
POSB gets Cabinet nod to list on ZSE
POSB expects the proposal for the listing of the Bank on the stock exchange to be finalised and ready for consideration by Cabinet in the second half of the year 2021, company executives revealed. ...Published: 09 Aug 2021 at 07:33hrs | | by Staff reporter
POSB privatisation gathers pace
STATE-OWNED financial services provider POSB's preparations for partial privatisation and subsequent listing on the Zimbabwe Stock Exchange have moved a gear up after a technical committee appointed b...Published: 04 May 2021 at 06:28hrs | | by Staff reporter
POSB to partially privatise and list by February 2021
POSB anticipates having identified ideal investors by the end of February 2021, which will culminate in its partial privatisation and subsequent listing on the stock exchange. In its resu...Published: 01 Sep 2020 at 18:42hrs | | by Staff reporter
Shambles rock Zimbabwe govt over domestic debt
GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...Published: 12 Jul 2019 at 09:20hrs | 1 | by Staff reporter
'ZBC losing $220 million annually'
Only 10% of the country''s population is paying for television and radio licences, resulting in the Zimbabwe Broadcasting Corporation (ZBC) losing $220 million potential revenue annually, Parliament h...Published: 24 May 2019 at 07:42hrs | 1 | by Staff reporter
Fired ZBC bosses appeal to High Court
Two former Zimbabwe Broadcasting Corporation (ZBC) executives, who were fired in 2015, have petitioned the High Court seeking an order to compel the State broadcaster to provide them with critical doc...Published: 26 Oct 2018 at 07:06hrs | 1 | by Staff reporter
Mugabe interviewer blocked out by State broadcaster
STATE broadcaster Zimbabwe Broadcasting Corporation (ZBC) has finally let go of senior executive Tazzen Mandizvidza, whom it accuses of improperly benefiting from allowances running into a million dol...Published: 25 Oct 2018 at 06:38hrs | | by Staff reporter
Old Mutual Two Oceans Marathon announces 2018 final results ahead of their 50th anniversary campaign launch
(South Africa, 5 October 2018) With just one month before entries open for the Old Mutual Two Oceans Ultra Marathon, the OMTOM team has been given the green light to publish the results of the 201...Published: 05 Oct 2018 at 09:38hrs | | by Two Oceans Marathon NPC
Top Zimbabwean exec suspended by KPMG South Africa
KPMG has suspended the head of its largest business unit, who was the lead audit partner on VBS Mutual Bank.Sipho Malaba, who is related to Chief Justice Luke Malaba, was tasked with running K...Published: 12 Apr 2018 at 08:53hrs | 4 | by Staff reporter
Companies dismiss externalisation claims
SOME companies making the top 10 list of firms and individuals accused by President Emmerson Mnangagwa of externalising US$1,3 billion have dismissed the allegations, while others say government publi...Published: 24 Mar 2018 at 19:44hrs | | by Staff reporter
US penalises Zimbabwean company, firm ordered to pay $141 000 fine
UNITED States' Securities and Exchange Commission (SEC) has penalised local accounting and auditing firm, KPMG Zimbabwe for operating without being registered with the Public Company Accounting Oversi...Published: 16 Mar 2018 at 06:10hrs | | by Staff reporter
Zesa top officials face chop
GOVERNMENT has ordered a forensic audit into managerial, financial and labour matters at the debt-ridden Zimbabwe Electricity Power Supply Holdings (Zesa), including controversial energy tenders which...Published: 02 Feb 2018 at 15:50hrs | 1 | by Staff reporter
Steinhoff corporate scandal lays bare South Africa's race relations
South Africans are fond of debating whether public or private sector failings are the bigger problem. It does not take too long to realise that they are really talking about race.This is evide...Published: 14 Dec 2017 at 09:43hrs | | by Steven Friedman
Over $3 billion externalised, excluding the $15 billion
Zimbabwe's foreign currency shortages are worsening over massive capital flight amid indications corporates and business tycoons have externalised $3 billion between 2015 and June 2017 mainly to Mauri...Published: 01 Dec 2017 at 05:05hrs | | by Staff reporter
Khaya Moyo bemoans antiquated broadcast infrastructure
THE Zimbabwe Newspapers (Zimpapers) group has become a leader in information delivery, going beyond its founding mission despite other media parastatals being constrained by old technology platforms, ...Published: 13 Nov 2017 at 05:27hrs | | by Staff reporter
'Kwese TV should introduce ZBC on their bouquets'
Information, Media and Broadcasting Services ministry permanent secretary George Charamba has revealed that most media organisations in the country are facing viability problems, owing to a myriad of ...Published: 03 Nov 2017 at 04:56hrs | | by Staff reporter
ZBC unlikely to reform ahead of 2018 elections
As the 2018 watershed elections loom in the country, public broadcaster Zimbabwe Broadcasting Corporation (ZBC) which enjoys a monopoly on the local airwaves has come under the spotlight as opposition...Published: 15 May 2017 at 17:07hrs | | by Staff reporter
Diamond mogul speaks on how US sanctions hurt Zimbabwe diamonds
THIS week the Zimbabwe Independent - which in December last year began publishing fresh stories based on new and original material into the Chiadzwa alluvial diamonds discovery and subsequent plunderi...Published: 14 Mar 2017 at 13:17hrs | 9 | by Staff reporter
The Nuts & Bolts of Radical Economic Transformation
On the occasion of his second inauguration President Jacob Zuma vowed that 'economic transformation will take centre-stage' during last term of office. He promised that "the structure of the economy w...Published: 14 Feb 2017 at 00:10hrs | | by Ms Faith Muthambi - Minister of Communications, Republic of South Africa
'I have no regrets,' says Gono
DR Kereke alleged, soon after I terminated his contract, that I had in 2008 stolen US$37 535 300 plus R1 410 000 and GBP21 511.Of course, nothing could be further from the truth and in any...Published: 11 Feb 2017 at 22:41hrs | 2 | by Staff reporter
No Zimbabwean Fintech company among the best in the world
Fintech Innovators, a collaboration between investment firm H2 Ventures and KPMG, have revealed a list of the world’s leading financial technology firms for 2016 – which does not include any Z...Published: 25 Oct 2016 at 10:19hrs | | by Staff reporter
MD of Jaguar Land Rover South Africa, Lisa Mallett, recognised for industry excellence
South Africa - Lisa Mallett, the Marketing Director of Jaguar Land Rover South Africa and sub-Sahara Africa, was recently recognised as a regional winner at the Africa's Most Influential Women in Busi...Published: 16 Aug 2016 at 08:33hrs | 5 | by Agences
Trust Bank bosses face litigation
THE Deposit Protection Authority has recommended litigation against directors of Trust Bank Corporation Ltd, for fraudulent conduct of business. KPMG, an agent of Depositors Protection Corpora...Published: 22 Jul 2016 at 05:35hrs | | by Business Reporter
Zimbabwe crafting new Companies Act
Zimbabwe is coming up with a new Companies Act that seeks to improve the ease of doing business across the country.A corporate legal expert Canaan Dube says the new Companies Act is important ...Published: 07 Jul 2016 at 22:02hrs | | by Staff reporter
Stinging charge sheet for Fidelity bosses
STINGING allegations of breaches of exchange control regulations, fraud and financial impropriety have become the core of a possible charge sheet against Fidelity Life Assurance (FLA) directors - Mr S...Published: 19 Jun 2016 at 12:13hrs | 1 | by Darlington Musarurwa and Africa Moyo
Kereke accuse Gono
ZANU-PF Bikita West legislator Munyaradzi Kereke yesterday accused former Reserve Bank Governor Dr Gideon Gono of maliciously fabricating rape charges against him to cover up his multimillion- dollar ...Published: 05 Apr 2016 at 06:31hrs | | by Fungai Lupande
Infighting rocks AFM church, pastors sue president
FACTIONALISM and infighting have rocked the Apostolic Faith Mission in Zimbabwe church to an extent that some pastors have sued their president and other top officials over failure to carry out an aud...Published: 31 Dec 2015 at 09:02hrs | | by Daniel Nemukuyu
Chivayo to pay $180 000 of Zifa debt
Just over two weeks into office, ZIFA have moved to start offsetting their crippling debt with the association's president Philip Chiyangwa yesterday securing a crucial million-dollar sponsorship deal...Published: 22 Dec 2015 at 09:39hrs | | by Takudzwa Chitsiga
Chiyangwa goes on leave
Newly-appointed Zifa president Philip Chiyangwa yesterday came out from his first board meeting announcing he will be going on leave while revealing the association's resolutions to engage KPMG to con...Published: 09 Dec 2015 at 12:50hrs | | by Staff reporter
Cimas CEO Mac Chaora retires
Cimas Medical Aid Society group chief executive Mac Chaora will be leaving Cimas at the end of the year, after more than 17 years at the helm of Zimbabwe's oldest private sector medical aid society....Published: 28 Oct 2015 at 17:48hrs | | by Staff Reporter
Zimbabwe face another Soccer World Cup ban
YET another major World Cup heartbreak is looming for Zimbabwean football amid revelations that the country could be thrown out of the 2022 tournament in Qatar if ZIFA fail to settle their long-standi...Published: 29 Sep 2015 at 06:41hrs | | by Petros Kausiyo
Mugabe's Office tightens screws on bigwigs
The Office of the President and Cabinet will monitor board members and senior executives at parastatals and State enterprises, and will examine their assets and business interests to ensur...Published: 13 Sep 2015 at 00:37hrs | | by Staff Reporter
Lifestyle audits for Zimbabwe's bigwigs
Board members and senior managers at parastatals and State-owned enterprises will be subjected to periodic lifestyle audits and those found with suspiciously burgeoning asset bases will be investigate...Published: 24 May 2015 at 10:36hrs | | by Staff reporter
African organisations under pressure to sharpen skills retention and employee engagement - Sage
Businesses across major African economies such as Kenya and Nigeria are coming under increasing pressure to align their strategies for retaining talent, compensating employees and engaging with their...Published: 22 May 2015 at 06:38hrs | | by APO
ZBC told to scrap listeners' licences
THE Zimbabwe Broadcasting Corporation must scrap listeners' licences which bring $5,7 million per annum and replace them with subscription fees that could generate up to $15 million annually, a forens...Published: 20 May 2015 at 07:00hrs | | by Staff reporter
Jonathan Moyo bunks Parliament session to discuss ZBC rot
Information minister Jonathan Moyo yesterday failed to turn up at Parliament to table the much-awaited Zimbabwe Broadcasting Corporation (ZBC) audit report which details the rot at the State broa...Published: 08 May 2015 at 06:46hrs | | by Staff reporter
Re-brand ZBC
Heads have begun to roll at Zimbabwe Broadcasting Corporation (ZBC) after the suspension of acting chief executive officer Allan Chiweshe and general manager news and current affairs Tazzen Mandizvid...Published: 25 Nov 2014 at 12:09hrs | | by Staff reporter
ZBC suspends Tazzen Mandizvidza and 3 managers
The Zimbabwe Broadcasting Corporation has instituted disciplinary proceedings against suspended CEO Happison Muchechetere and four members of his top executive management on allegations of miscond...Published: 24 Nov 2014 at 16:09hrs | 1 | by Staff reporter
The five richest black South Africans - and their politics
ANC secretary general Gwede Mantashe claims that South Africans assume that if a black person makes it, they are either corrupt or linked to the ANC.We have taken a look at the five richest bl...Published: 05 Oct 2014 at 09:19hrs | | by Bruce Gorton
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