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Prophet Magaya faces estate liquidation

Prominent cleric and founder of Prophetic Healing and Deliverance (PHD) Ministries, Walter Magaya, is facing the possible liquidation of his estate after allegedly failing to settle a US$420,140 debt owed to GetBucks Microfinance Bank.GetB…

Published: 19 Jun 2025 at 07:04hrs | 343 | by Staff reporter

National Blankets faces imminent liquidation

BULAWAYO-BASED textile maker National Blankets is facing imminent liquidation after failing to court a suitable investor to inject fresh capital into the ailing company.The company, which was placed under judicial management in 2012 due to…

Published: 19 Mar 2019 at 06:47hrs | 3 | by Staff reporter

Streak seeks ZC liquidation

FORMER national team coach Heath Streak has applied for an order for provisional liquidation of Zimbabwe Cricket after the Association failed to respond to his claims to pay him, and his sacked staff, $198 695.77 in outstanding dues. Strea…

Published: 21 Sep 2018 at 06:36hrs | 17 | by Staff reporter

UBM shuts down after 50 years

United Builders Merchants (UBM) has shut down after operating in Zimbabwe for the past 50 years.According to employees who spoke to the Daily News on condition of anonymity, UBM management announced last week that the company was filing fo…

Published: 15 Aug 2018 at 07:35hrs | 4 | by Staff reporter

Steelnet placed under final liquidation

STEELNET Zimbabwe has been placed under final liquidation and the liquidator has invited tenders from interested parties to purchase operating assets.Steelnet liquidator Mr Christopher Maswi of Fairvalue Management Consultancy announces th…

Published: 29 May 2013 at 05:49hrs | 2 | by Mafu sithabile

AirZim facing liquidation

The struggling national airline Air Zimbabwe is now facing possible liquidation after the High Court placed it under judicial management.This follows a court application by the parastatalâˆšÃ‰Â¬Â¢âˆšÂ¢â€šÃ„Ã¶Â¬Â¨âˆšÂ¢â€šÃ„Ã»Â¬Â¢s employees…

Published: 21 Jan 2012 at 23:17hrs | | by staff reporter

R Chitrin applies for voluntary liquidation

RED Star Wholesalers Limited and R Chitrin and Company Zimbabwe have applied for voluntary liquidation following serious financial constrains.In a statement for the interim period ended September 30, 2011, parent company starafricacorporat…

Published: 09 Dec 2011 at 06:31hrs | 43 | by Staff reporter

Muponda seeks to block the Liquidation of CFX Bank

One of Zimbabwe's exiled businessman Gilbert Muponda who was recently de-specified by the Government has started taking legal steps to reclaim some of the assets he lost during the time he was specified. Muponda has filed a notice to block…

Published: 19 May 2011 at 04:59hrs | | by Matthews Estell

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