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Court grants woman R10m maintenance
A Zimbabwean woman based in South Africa has won R10 Million maintenance from the estate of her late partner with whom she was cohabitating for two years.This is after that country's Constitut...Published: 16 Jan 2022 at 09:00hrs | 937 | by Staff reporter
Zimbabwean heads Africa list of women to watch in banking & finance
WOMEN to Watch in Banking and Finance program has announced the list of Top 10 women shaping Africa's financial services sector.The list was compiled following a 3 month entry period which saw...Published: 14 Jan 2022 at 06:38hrs | 1294 | by Staff reporter
Investors shunning Zimbabwe, says Mnangagwa
PRESIDENT Emmerson Mnangagwa yesterday bemoaned lack of funding for various infrastructural projects, admitting that investors were shunning his administration.In a speech at the ground-breaki...Published: 24 Dec 2021 at 07:28hrs | 757 | by Staff reporter
Mnangagwa told to 'bring back the US$'
PRESIDENT Emmerson Mnangagwa, Finance Minister Mthuli Ncube, and the Presidential Advisory Committee (PAC) have been advised by the business community to seriously consider bringing back the US dollar...Published: 12 Dec 2021 at 19:46hrs | 19 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 59 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 91 | by Staff reporter
Justice Mushore still Awol after ruling against Malaba
THE Judicial Service Commission (JSC) is keen on establishing why High Court judge Edith Mushore (pictured) has not been reporting for duty for weeks on end, amid concerns over the safety and health o...Published: 06 Nov 2021 at 17:58hrs | 9 | by Staff reporter
Jail Old Mutual directors: Moyo's lawyers
Lawyers of Zimbabwean and former Old Mutual chief executive Peter Moyo, want to see the company's directors jailed for refusing to reinstate him – and for them to be blocked from serving on any othe...Published: 05 Nov 2021 at 06:40hrs | 1 | by Staff reporter
ZSE gains US$287bn
THE Zimbabwe Stock Exchange (ZSE) gained $286,760 billion in value during the third quarter of this year due to inflation hedging activities and increased retail investors participation, a report by O...Published: 01 Nov 2021 at 07:29hrs | | by Staff reporter
Malaba case: The key actors
ZIMBABWE, for the past four months has been going through a constitutional test and legal drama following the extension of Chief Justice Luke Malaba's term in May, which was put to bed last week follo...Published: 03 Oct 2021 at 07:20hrs | 1 | by Staff reporter
ZSE market cap hits $1 trillion mark
Zimbabwe Stock Exchange (ZSE) market value hits the $1 trillion mark for the first time since the market re-base over a decade ago as bulls charged on increased money supply.Zimbabwe's money s...Published: 30 Sep 2021 at 06:12hrs | 1 | by Staff reporter
Bulawayo in push to revive dead industry
A visit to the Belmont industrial area, once alive with the roar of machinery, reveals the story of decay.Bulawayo's vast industrial areas are now abandoned, resulting in crippling unemploymen...Published: 19 Sep 2021 at 07:36hrs | | by Staff reporter
Bulawayo's student accommodation complex takes in first batch
THE Infrastructure Development Bank of Zimbabwe (IDBZ)-owned Bulawayo Student Accommodation complex is expected to take in its first students this month with one of the wings now at 96 percent complet...Published: 12 Sep 2021 at 07:45hrs | | by Staff reporter
Old Mutual rallies re-engagement efforts
FINANCIAL services provider, Old Mutual Holdings has implored relevant authorities to continue with international re-engagement efforts to attain healthier relations with international financial marke...Published: 05 Sep 2021 at 05:53hrs | 1 | by Nobleman Runyanga
Old Mutual Zimbabwe pours US$12.4 million into solar projects in Zimbabwe
Old Mutual Zimbabwe has poured US$12.4 million (over R188 million) into solar projects around the country, which will generate a combined 25 MW upon completion.The Zimbabwe economy has been st...Published: 23 Aug 2021 at 18:22hrs | 1 | by Staff reporter
SA businessman arrested in Zimbabwe over presidential solar plant project dispute
A South African businessman was arrested last week on his arrival in Zimbabwe, and now can't leave the country because of a contractual dispute involving $1m (R14.66m) and material for the constructio...Published: 14 Aug 2021 at 06:17hrs | | by Staff reporter
New details on Intermarket bank heist
There is growing unease at ZB Financial Holdings Limited (ZBFHL) after recent revelations Transnational Holdings Limited (THL) the second-largest shareholder is pushing for a separation following the ...Published: 08 Aug 2021 at 06:17hrs | 3 | by Staff reporter
Zida boss raises red flag
ZIMBABWE Investment and Development Agency (Zida) CEO Douglas Munatsi says he is worried about government's failure to protect investors.Investor protection has been a thorny issue in Zimbabwe...Published: 01 Aug 2021 at 05:49hrs | | by Staff reporter
End to Zimbabwe power shortages in sight
ZIMBABWE'S drive to permanently end power shortages is well on course after completion of a new thermal power plant in Hwange that is expected to feed 50MW to the national grid by October this year. ...Published: 23 Jul 2021 at 07:42hrs | 1 | by Staff reporter
Econet Wireless wins back-to-back Top Companies Award for 2021
HARARE - Econet Wireless Zimbabwe last night won the 2021 Top Companies Survey Award for an unprecedented second year running. The telecommunications company, winner of the same award in 2020,...Published: 09 Jul 2021 at 13:17hrs | 2 | by Agencies
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 05:35hrs | 3 | by Rutendo Bereza Matinyarare
Mthuli Ncube courts US investors
Finance and Economic Development Minister Mthuli Ncube last week conducted a virtual investor roadshow with United States of America investors.The virtual meeting, which was hosted by Washingt...Published: 27 May 2021 at 21:20hrs | 1 | by Staff reporter
Why Mnangagwa doesn't want Justice Happias Zhou
REASONS why President Emmerson Mnangagwa strongly dislikes High Court Justice Happias Zhou - who led a brave judicial panel that dramatically blocked Justice Luke Malaba's controversial tenure extensi...Published: 26 May 2021 at 15:23hrs | 2 | by Staff reporter
Mthuli Ncube pushes walls to save Victoria Falls Stock Exchange
FINANCE minister Mthuli Ncube this week pumped up fresh incentives to attract companies to list on the United States dollar-denominated Victoria Falls Stock Exchange (VFEX), which has entered it...Published: 14 May 2021 at 07:41hrs | 2 | by Staff Reporter
Ndumiso Gumede the man
THE setting is Highlanders Sports Club, popularly known as Clubhouse, a perfect venue for the interview with Ndumiso Gumede since it is one of the properties acquired by Bosso under his chairmanship i...Published: 02 May 2021 at 08:17hrs | 2 | by Staff reporter
Zimbabwe govt caves in to market pressure
THE Zimbabwean government has caved in to market demands for valuation of the two suspended formally dually-traded securities, Old Mutual and PPC, to be valued according to the closing prices of the t...Published: 30 Apr 2021 at 06:27hrs | 2 | by Staff reporter
Heath Streak apologises
ZIMBABWE cricket legend, Heath Streak has apologised for his involvement with a shadowy character that resulted in the International Cricket Council slapping him with an eight-year ban from all cricke...Published: 30 Apr 2021 at 05:36hrs | | by Staff reporter
Warrant of arrest for property developer
HARARE property developer George Katsimberis, who is accused of duping his partner in the Madokero housing project, was yesterday issued with a warrant of arrest after he failed to attend court....Published: 16 Apr 2021 at 06:44hrs | | by Staff reporter
BCC runs out of industrial land
BULAWAYO City Council says it has run out of land for industrial expansion and has opened negotiations with property developer, Old Mutual, for a land swap deal.According to council's latest m...Published: 13 Apr 2021 at 05:31hrs | | by Staff reporter
Haruzivishe represents everything wrong about opposition politics
A young member of the MDC formation led by Nelson Chamisa, Makomborero Haruzivishe, was sentenced to 14 months in prison by the Harare Magistrates Court this week for inciting public violence. ...Published: 09 Apr 2021 at 06:16hrs | 1 | by Nobleman Runyanga
Hwange Teachers College project our priority, says Govt
GOVERNMENT says it is prioritising the construction of Hwange Teachers' College and Empumalanga West Housing units this year.This was revealed by Matabeleland North provincial development co-o...Published: 30 Mar 2021 at 05:51hrs | | by Staff reporter
Tremors shake Old Mutual SA after ZSE clampdown
JOHANNESBURG Securities Exchange (JSE) listed financial services powerhouse Old Mutual Limited (OML) says crucial negotiations were underway to strike a deal with Harare following the suspension of it...Published: 28 Mar 2021 at 05:58hrs | 1 | by Staff reporter
Johann Rupert gives Ramaphosa an ultimatum
Billionaire businessman Johann Rupert has allegedly given President Cyril Ramaphosa a marching order, instructing him to tow the line and fire Ace Magashule, African National Congress (ANC) secretary ...Published: 27 Mar 2021 at 17:44hrs | 1 | by Staff reporter
'Broadcasters should speak all national languages'
Reaching 90 years of age on March 15 this year , retired veteran broadcaster and national languages enthusiast Amon Nyamambi, better known on the airwaves as 'uMaqhulayibambe' his grandfather's name, ...Published: 21 Mar 2021 at 08:26hrs | 2 | by John Masuku
Govt extends suspension of fungibility of Old Mutual and PPC shares
Finance and Economic Development Minister Professor Mthuli Ncube, has extended the suspension of financial services giant Old Mutual and cement maker PPC's fungibility by another 12 months. In...Published: 16 Mar 2021 at 06:20hrs | | by Staff reporter
Mugabe blocked son-in-law, daughter and nephew over attempts to take over Telecel
WHILE the late former president Robert Mugabe's regime was corrupt and incompetent it allowed ministers, top civil servants and its business cronies to loot public resources Mugabe himself was very st...Published: 06 Mar 2021 at 08:00hrs | | by Staff reporter
IDBZ student hostel project nears completion
THE Infrastructure Development Bank of Zimbabwe (IDBZ)'s US$14.8 million student accommodation project in Bulawayo is now 69% complete and expected to be fully completed in November this year....Published: 06 Mar 2021 at 07:59hrs | 3 | by Staff reporter
Business executives are sounding decidedly upbeat in Zimbabwe
Business executives are sounding decidedly upbeat in Zimbabwe, a sea change from the pessimism they've expressed through two decades of economic mismanagement and institutional decay.The south...Published: 28 Feb 2021 at 09:07hrs | 1 | by Staff reporter
Even Lord Malvern failed to deliver water to Bulawayo
IN the old days, there was a special group of people called the Pharisees that did not particularly impress Jesus Christ.They were known for obsessively exhorting followers to be unstinting st...Published: 28 Feb 2021 at 08:42hrs | | by Bishop Lazarus
Old Mutual sees ‘green shoots' in Zimbabwe
THE head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic."There are good signs emerging in ec...Published: 26 Feb 2021 at 06:54hrs | 1 | by Staff reporter
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 2 | by Staff reporter
Pensions scandal rocks CSC
Former managers and ex-board members of the Cold Storage Company (CSC) spirited away millions of dollars from the company's pension fund – magnifying the rot in State owned enterprises and parastata...Published: 12 Feb 2021 at 05:40hrs | 1 | 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 | | by Simbarashe Mwandipendaa
Kumbirayi Katsande appointed Old Mutual Zimbabwe board chair
Old Mutual Zimbabwe Limited Board has appointed Kumbirayi Katsande as its Board Chairperson with effect from January 28 this year.Katsande, a seasoned and renowned business practitioner in Zim...Published: 01 Feb 2021 at 19:24hrs | 1 | by Staff reporter
Demolitions for wetland settlers
PEOPLE that built houses and businesses on wetlands must expect demolitions after the Environmental Management Agency (EMA) ordered them to vacate the land before it institutes prosecutions or demolit...Published: 18 Jan 2021 at 05:54hrs | 2 | by Staff reporter
Victoria Falls Stock Exchange faces major hurdles
THE Victoria Falls Stock Exchange (VFEX) faces major hurdles going into the New Year with broad macro-economic challenges that are engulfing the economy affecting the bourse.A subsidiary of th...Published: 08 Jan 2021 at 07:46hrs | | by Staff reporter
NRZ slapped with US$236m lawsuit
SOUTH Africa-based business syndicate, the Diaspora Infrastructure Development Group (DIDG), has filed a lawsuit at the High Court demanding damages amounting to a staggering US$236 million from the N...Published: 24 Dec 2020 at 17:00hrs | 2 | by Staff reporter
Econet, Cassava bag top business awards
HARARE - Telecommunications giant Econet Wireless Zimbabwe (EWZ), and its sister company Cassava Smartech Zimbabwe (Cassava), last week clinched top business leadership and merit awards at separate ev...Published: 15 Dec 2020 at 14:26hrs | 2 | by Agencies
Zimnat's Farai Gwaka elected AIMZ chairman
Zimnat Asset Management's Farai Gwaka was elected chairman of AIMZ for the coming year, taking over from ABC Asset Management's Jubelah Magutakuona, who has held the post for two terms. H...Published: 15 Dec 2020 at 11:30hrs | 4 | by Staff reporter
City boss arrested for graft
HARARE City Council finance director Tendai Kwenda yesterday appeared in court on criminal abuse of office charges after he allegedly used council funds to purchase his personal vehicle.It is ...Published: 12 Dec 2020 at 07:01hrs | | by Staff reporter
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