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The Grand Tour: One for The Road - Zimbabwe edition to premiere on September 13
Prime Video has now unveiled a first look at the final episode of The Grand Tour: One For The Road.The first look snaps reveal emotional Grand Tour stars Jeremy Clarkson, 64, Richard Hammond, ...Published: 23 Aug 2024 at 15:32hrs | 308 | by Staff reporter
US$1m stolen from Namibian bank was paid to Mugabe's pilot
A total of N$18,8 million (US$1m) stolen from SME Bank was transferred to and laundered by former Zimbabwean president Robert Mugabe's pilot and confidant Robert Mhlanga.This is according to c...Published: 20 Aug 2024 at 16:18hrs | 8416 | by Staff reporter
Businessman takes US$19,5m claim to Supreme Court
AL Shams Global BVI Ltd, a company owned by businessman Jayesh Shah, has filed an appeal at the Supreme Court seeking to reverse a High Court judgment which dismissed a US$19,5 million damages claim f...Published: 23 Nov 2023 at 05:37hrs | 1 | by Staff reporter
South Africa Parliament imposes sanctions on Floyd Shivambu
South Africa’s Parliamentary Joint Committee on Ethics and Members' Interests has ruled that EFF’s Deputy President for failing to disclose that he had received R 180 000 from the now defunct Vend...Published: 02 Oct 2023 at 14:08hrs | | by Mandla Ndlovu
Shareholders fight directors over Tetrad Bank control and assets
TETRAD Investment Bank (TIB) shareholders are locked in a heated row with its directors for the control of the defunct financial institution's US$13 million assets. TIB has properties and othe...Published: 12 Oct 2022 at 18:49hrs | 2 | by Agencies
Why I wrote Mnangagwa book
Former MDC politician Eddie Cross says he could not turn down an opportunity to write President Emmerson Mnangagwa's autobiography because he was impressed with his attitude.Cross (EC), the au...Published: 19 Sep 2021 at 08:34hrs | 1 | by Staff reporter
Kamushinda ordered to pay N$1,5 billion
THE Namibian High Court has ordered embattled top Zimbabwean banker Enoch Kamushinga to pay liabilities for his failed Windhoek-based SME Bank amounting to N$1,5 billion.Liquidators were seeki...Published: 30 Oct 2020 at 17:42hrs | | by Staff reporter
Obert Mpofu battles to keep assets
The Supreme Court has blocked the Deposit Protection Corporation's bid to submit fresh evidence and re-opening of a case in which it is seeking to transfer Obert Mpofu's three companies into its name....Published: 01 Oct 2020 at 07:41hrs | 1 | by Staff reporter
Another blow for Bulawayo
BULAWAYO textile manufacturing firm, National Blankets (Pvt) Limited, has been liquidated following years of poor performance and failure to find a good investment suitor in yet another blow to the ci...Published: 12 Jun 2019 at 08:59hrs | | by Staff reporter
Zinara pays US$589k to non-existent firm
The Zimbabwe National Roads Administration (Zinara) paid out over half a million United States dollars to a non-existent company between 2012 and 2013 under its "special projects arrangement", investi...Published: 02 Apr 2019 at 07:57hrs | | by Staff reporter
Ramaphosa admits corruption-accused Bosasa paid him R2m
President Cyril Ramaphosa's son Andile has admitted that corruption-accused company Bosasa paid him R2m in a business deal he "sincerely regrets".In an exclusive interview on Monday, Ramaphosa...Published: 27 Mar 2019 at 09:33hrs | | by news24
55 companies shut down
OVER 50 companies have been liquidated since President Emmerson Mnangagwa came to power in November 2017, throwing thousands of people out of employment.Documents obtained by Standardbusiness ...Published: 10 Mar 2019 at 09:11hrs | 9 | by Staff reporter
Wrangle over Zimbabwe diamond mine continues
THE stalemate over the pricing of River Ranch Mine, situated in the border town of Beitbridge, continues unabated as the owners, Rani Investments, and potential buyers, the Zimbabwe Consolidated Diamo...Published: 12 Feb 2019 at 07:40hrs | 8 | by Staff reporter
Zimbabwean banker loses SA home over $4.5 million debt
FORMER Trust Bank director Christopher Goromonzi lost his plush Johannesburg home after it was auctioned to offset a reported $4,5 million debt he owes a South African bank, it has been learnt....Published: 23 Nov 2018 at 05:48hrs | | by Staff reporter
Zimbabwe Cricket to be liquidated?
THE saga between the Zimbabwe Cricket and former national team coach Heath Streak, who is pushing for the liquidation of the debt-ridden organisation, took another twist after the Sports Commission wi...Published: 13 Nov 2018 at 05:47hrs | | 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,...Published: 21 Sep 2018 at 06:36hrs | 5 | by Staff reporter
Obert Mpofu loses property battle
Home Affairs minister, Obert Mpofu, has lost the battle to block the High Court from transferring some of his properties to the Deposit Protection Corporation (DPC) - the liquidator of his now-defunct...Published: 07 Jul 2018 at 16:33hrs | 1 | by Staff reporter
Mujuru mine application hits a snag
THE liquidator of Limpopo Mining Resources, also known as River Ranch Mine, previously linked to the late army general Solomon Mujuru, has opposed an application by the mine's majority owners, Rani In...Published: 12 May 2018 at 15:26hrs | 3 | by Staff reporter
Obert Mpofu fights to protect assets
Home Affairs minister Obert Mpofu has approached the High Court seeking to block the transfer of his three companies to the Deposit Protection Corporation (DPC) - the liquidator of his now-defunct All...Published: 03 May 2018 at 14:02hrs | | by Staff reporter
Mujuru diamond mine battle erupts
THE Zimbabwe Diamond Consolidated Company (ZCDC) has made moves to acquire Limpopo Mining Resources also known as River Ranch Mine, previously linked to the late army general Solomon Mujuru, for a pal...Published: 20 Apr 2018 at 11:32hrs | | 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
'Chamisa is the king of violence and constitutional delinquent'
Revolutionary greetings comrades. Gone are the days when politicians lie to the masses to convince them to vote for them. Political blandishing is the outdated mode of fishing for voters. Politicians ...Published: 07 Mar 2018 at 07:08hrs | | by Khulani David Ndhlovu
Mohadi sues Lesabe estate executor
VICE-PRESIDENT Kembo Mohadi has filed an $11,7 million litigation against the executor of the late Thenjiwe Lesabe's estate, together with one Reginald McGillivray Dawson, accusing the latter of fraud...Published: 08 Feb 2018 at 06:48hrs | 1 | by Staff reporter
Mnangagwa charms civil servants
CIVIL servants have expressed elation at President Emmerson Mnangagwa's responsiveness to their concerns saying signs are there for all to see that the new political administration is sensitive and de...Published: 17 Dec 2017 at 07:24hrs | | by Staff reporter
Mugabe to recall all diplomats linked to Mnangagwa
The Ministry of Foreign Affairs in conjunction with its sister Organisation, the Central Intelligence Organization (CIO) is busy compiling a list of diplomats perceived to be "foot soldiers" of ousted...Published: 09 Nov 2017 at 12:47hrs | | by Agencies
Military coup - Zimbabwe on high alert
Dumiso Dabengwa, has reportedly said that a military coup "cannot be ruled out" in the country following the sacking of former vice president Emmerson Mnangagwa.According to VOA, Dabengwa said...Published: 08 Nov 2017 at 16:56hrs | | by Staff reporter
'Mnangagwa dismissal: End of Zanu-PF era'
Following President Robert Mugabe's decision to fire his long-time aide and deputy, Emmerson Mnangagwa, political analysts yesterday had their say on the unexpected development."This has taken...Published: 07 Nov 2017 at 13:00hrs | | by Stephen Chan Professor of World Politics
Mnangagwa plotted coup since 1980, says Grace Mugabe
The First Lady, Dr Grace Mugabe has described Vice President Emmerson Mnangagwa as a liquidator, who has plotted to topple President Robert Mugabe since 1980.In what others could view as the c...Published: 05 Nov 2017 at 17:30hrs | | by Staff Reporter
'Zimbabwe lacks authentic leadership'
AS one Zimbabwean business after another fails, the explanations given by those at the helm of these entities when the centres fail to hold range from the shortage of cash, to shortage of foreign exch...Published: 02 Nov 2017 at 12:19hrs | | by Staff reporter
Constitutionality of SA affirmative action, BEE to be challenged in ConCourt
The Constitutional Court is on Thursday expected to hear a case brought by trade union Solidarity and the South African Restructuring and Insolvency Practitioners' Association (Saripa) challenging the...Published: 02 Nov 2017 at 06:16hrs | | by Staff reporter
Civil servants defrauded by loan sharks
LOAN sharks are deducting money from civil servants salaries through the Salary Services Bureau (SSB)'s stop order system ostensibly to service non-existent loans without prior approval from the worke...Published: 16 Jul 2017 at 13:03hrs | | by Staff reporter
Killer wants Dr Madondo's scalp
Creditors are increasingly frustrated with the slow process of winding down the affairs of failed companies, with the Zimbabwe Amalgamated Housing Association filing a High Court application on June 7...Published: 16 Jul 2017 at 12:59hrs | | by Staff reporter
Obert Mpofu's Allied Bank feels the heat
Liquidator of the collapsed Allied Bank, Cecil Madondo, who is being sued by one of the creditors seeking to recover money locked in the financial institution, has said the Deposit Protection Corporat...Published: 12 Jul 2017 at 12:52hrs | | by Staff reporter
Bulawayo Council sell houses over unpaid water bills
THE Bulawayo City Council will explore the option of selling residents' properties to offset debts accumulated by households that are failing to settle their bills as the local authority continues to ...Published: 25 Jun 2017 at 12:18hrs | | by Staff reporter
Mohadi company wrangle rages on
THE legal wrangle over ownership of two liquidated Beitbridge-based shipping companies, Red Queens Trading (Pvt) Ltd and Spoornet Investments (Pvt) Ltd, has taken a new twist, with the liquidator Barb...Published: 05 Jun 2017 at 06:39hrs | | by Staff reporter
R18m fraud haunts Mutumwa Mawere
SHABANIE MASHABA MINE (SMM) has instituted sequestration proceedings against South Africa-based Mr Mutumwa Mawere's estate to recover more than R18 million that was fraudulently transferred to the bus...Published: 04 Jun 2017 at 20:16hrs | | by Staff reporter
Mohadi cries foul over liquidated firm
State Security minister Kembo Mohadi has approached the High Court seeking the removal of Barbra Lunga as liquidator of his insolvent company, accusing her of fleecing him large sums of money through ...Published: 09 May 2017 at 06:32hrs | 1 | by Staff reporter
Farai Rwodzi dragged to court over $136 million
THE Deposit Protection Corporation (DPC), has dragged the defunct Interfin Bank's majority shareholder Farai Innocent Rwodzi to the High Court seeking to recover over $136 million as compensation ...Published: 07 Nov 2016 at 05:49hrs | 22 | by Staff reporter
Altfin Life Assurance under liquidation
The High Court in Harare has issued an order for the provisional liquidation of Altfin Life Assurance CO Limited and appointed Phibion Gwatidzo as the provisional liquidator.In a notice of cas...Published: 22 Oct 2016 at 07:54hrs | | by Stephen Jakes
War over Goodenough mine
War has erupted between stakeholders in the liquidated Goodenough mine in Kezi amid pending litigation in the courts.Temple Zim Resources (PVT) Limited is suing the Chakata Resources Zimbabwe ...Published: 16 Oct 2016 at 07:11hrs | | by Stephen Jakes
Altfin Life Assurance Company Limited liquidated
The Altfin Life Assurance Company Limited has been liquidated as the Zimbabwean economic crisis continue to bite forcing many companies out of business.The Altfin Life Assurance Company Limite...Published: 03 Oct 2016 at 08:41hrs | 13 | by Stephen Jakes
Obert Mpofu's business empire crumbles
MACRO-Economic Planning and Investment Promotion minister Obert Mpofu's business empire has reportedly hit the rocks, with most of his business units facing litigation over non-payment of services...Published: 20 Sep 2016 at 08:48hrs | | by Staff reporter
Broke medical aid society offers graves to offset debts
GALAXY Medical Aid Society, a company in liquidation, has offered graves at some cemeteries to its creditors in its battle to clear its debts with service providers.The firm was placed under p...Published: 06 Sep 2016 at 07:18hrs | 6 | by Daniel Nemukuyu
Victoria Falls Steam Train Company grinds to a halt
THE Victoria Falls Steam Train Company has been liquidated and its assets are set to go under the hammer on September 9 to pay debts amounting to nearly $1 million.The company was registered i...Published: 01 Sep 2016 at 06:36hrs | | by Leonard Ncube
More companies to close
More companies could be heading for the corporate graveyard during the second half of the year as lack of cheap working capital, high labour costs and stiff competition from imports continue to ch...Published: 28 Jul 2016 at 09:19hrs | | by Staff reporter
Firstel Cellular dodges $11m debt
Former NetOne management led by suspended CEO Mr Reward Kangai who owned Firstel Cellular do not want to pay the $11 million that they owe the Government-owned mobile operator after they applied for l...Published: 14 Apr 2016 at 07:27hrs | 1 | by Lloyd Gumbo
Nigel Chanakira's Botswana assets face auction
Businessman Nigel Chanakira's Kingdom Bank Africa Limited (KBAL) assets are set to go under the hammer in Botswana, in a move described by analysts as a final nail to the entrepreneur's crumbling empi...Published: 21 Feb 2016 at 11:25hrs | | by Staff reporter
Bosses sued over company's collapse
In a landmark case, three former executives of Gulliver Consolidated Industries (GCI) have filed a $650 000 lawsuit against nine directors of the company for causing the collapse of the company due to...Published: 19 Oct 2015 at 06:29hrs | | by Fidelis Munyoro
'Chiyangwa caused the demise of Bulawayo industries'
PROPERTY magnate Philip Chiyangwa is "angry" after the former Education Minister David Coltart blamed him for causing the demise of Bulawayo industries. Chiyangwa took over the running of several comp...Published: 02 Oct 2015 at 06:44hrs | | by Prosper Ndlovu
Welshman Ncube flees angry war veterans
PROMINENT lawyer Professor Welshman Ncube yesterday sneaked out of the Bulawayo High Court through a back door with the help of police following threats by a group of war veterans who had lost a case....Published: 29 Sep 2015 at 06:46hrs | | by Mashudu Netsianda
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