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ZACC swoops on VID officer to explain wealth
The Zimbabwe Anti-Corruption Commission (ZACC) yesterday swooped on a senior Vehicle Inspectorate Department (VID) officer deployed to Beitbridge and ordered him to explain how he became a business ty...Published: 07 Feb 2024 at 04:39hrs | 3 | by Staff reporter
'Puppets will never rule Zimbabwe'
PRESIDENT Mnangagwa yesterday said time has come to vote out corrupt opposition councillors whose parties have not only run down local authorities but are puppets of Western countries that want to rem...Published: 26 Jul 2022 at 06:37hrs | 10 | by Staff reporter
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 | 6 | by Staff reporter
PG Industries relocates its Bulawayo Centre
GIANT building materials producer and supplier, PG Industries, has relocated its Bulawayo PG Centre branch from Donnington Industrial Area to Belmont Industrial Area. For many years, the compa...Published: 14 Dec 2020 at 07:10hrs | 3 | by Staff reporter
Sixth judge dumps ex-PG director's case
Bulawayo High Court judge Justice Thompson Mabhikwa has recused himself from hearing the 19-year-old legal wrangle between former PG Industries (Zimbabwe) Limited marketing director Nkululeko Mabhena ...Published: 07 Jul 2019 at 21:23hrs | 2 | by Staff reporter
ZTA replaces Kaseke
Environment, Tourism and Hospitality Industry minister Priscah Mupfumira has appointed Rita Likukuma as Zimbabwe Tourism Authority (ZTA) acting chief executive officer, effective from February 1, 2019...Published: 07 Feb 2019 at 07:44hrs | 1 | by Staff reporter
'Dead man' battles 64 cents pay-off
FORMER PG Industries (Zimbabwe) Limited marketing director Nkululeko Mabhena, who has been battling his former employers PG Industries for 18 years, has accused Justice Nicholas Mathonsi and Lawrence ...Published: 13 Nov 2018 at 06:07hrs | 1 | by Staff reporter
Mnangagwa's name-and-shame gimmick falls short of expectations
President Emmerson Mnangagwa's government yesterday released the long-awaited list of companies and individuals alleged to have failed to return $827 million stashed abroad following the expiry of a 1...Published: 20 Mar 2018 at 12:55hrs | 3 | by Staff reporter
New ZEC chair promises credible elections
Newly appointed Zimbabwe Electoral Commission (Zec) chairperson Justice Priscilla Chigumba pledged to deliver a free and credible election yesterday soon after she took her oaths of loyalty and office...Published: 02 Feb 2018 at 05:53hrs | | 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
Cuthbert Dube's home seized over debt
African Banking Corporation is foreclosing former Premier Service Medical Aid Society (Psmas) chief executive officer Cuthbert Dube's four-bed roomed home, seized after failing to settle bad deb...Published: 23 Jun 2017 at 12:39hrs | 12 | by Staff reporter
Bosso to get $16,000 windfall?
A PG Industries marketing director who recently won a 16-year legal battle against his employer has filed another chamber application for the court to confirm his contract with a $21 000 net salary wh...Published: 12 Jul 2015 at 09:14hrs | | by Richard Muponde
Resurrected man wins 16-year legal battle
A BULAWAYO company director, who was twice certified dead by doctors before he "resurrected" to find that his employer had already paid for his funeral expenses, has finally won a bruising 16-year leg...Published: 07 Jun 2015 at 14:12hrs | 1 | by Richard Muponde
Econet mulling a major restructuring exercise
ECONET Wireless Zimbabwe (EWZ) is believed to be mulling a major restructuring exercise through which a sizable chunk of its workforce will be laid off while some business units will be consolidated i...Published: 17 May 2015 at 10:52hrs | 2 | by Staff reporter
Mugabe's economic promises hollow
ALMOST 18 months after Zanu-PF won general elections tainted by rigging allegations, a steep economic decline characterised by, among others, the debilitating liquidity crunch, declining capacity util...Published: 09 Jan 2015 at 12:25hrs | 1 | by Kudzai Kuwaza
ZimAsset just a 'pie in the sky'
HARARE - Exactly a year after the 2013 harmonised elections which were controversially won by Zanu PF, Zimbabweans are now worse off than they were before the polls.Analysts say the much...Published: 05 Aug 2014 at 09:29hrs | 2 | by Staff Reporter
Zim economy in dire straits
THE country's economy continues to swing directionless with figures indicating that the Zimbabwe Stock Exchange (ZSE), seen as the barometer of the economy, slumping by US$642,8 million to US$4,56 bil...Published: 12 Jun 2014 at 08:25hrs | 2 | by Fingaz
'Only God can save Zimbabwe,' says Prophet Makandiwa
Prophet Emmanuel Makandiwa has said Zimbabwe's ailing economy would soon be revived through God's intervention.The celebrity preacher told a capacity crowd of over100 000 attending Jud...Published: 22 Apr 2014 at 08:13hrs | 1 | by Staff reporter
New RBZ Governor is not a magician
Incoming Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya will be expected to perform nothing short of a miracle and become the biblical Moses that can lead the RBZ out of its financial doldru...Published: 24 Mar 2014 at 07:24hrs | 1 | by Rumbidzai Mashayahanya
Will 2014 usher in an Egypt style revolution in Zimbabwe Part 2
Crane Brinton's Theory of Revolution Historian Crane Brinton argues that the revolutionary "fever" begins with certain "symptoms." It is only right and ...Published: 13 Jan 2014 at 05:07hrs | 4 | by Dr Clifford Chitupa Mashiri
'Goche's intimidation of the civil servants is totally unacceptable' - MDC-T
The Morgan Tsvangirai led MDC today [Friday] said threats made this week by the Minister of Public Service, Labour and Social Welfare, Nicholas Goche against civil servants who intend to engage in...Published: 10 Jan 2014 at 11:18hrs | 1 | by Moyo Roy
ZB, PG launches 'Build Now, Pay Later Plan'
ZIMBABWE Stock Exchange-listed concern, PG Industries Zimbabwe (PGIZ) has entered into a strategic partnership with ZB Building Society to offer a credit facility for building materials.Under ...Published: 27 Oct 2013 at 07:33hrs | 2 | by Staff reporter
PG posts loss of $2,4 million
PG Industries Zimbabwe posted a loss of $2,4 million for the half year ending June 30, 2013 compared to a loss of $2,7 million due to high level of borrowings.In a statement accompanying the g...Published: 01 Oct 2013 at 03:34hrs | | by Staff Reporter
Goche sucked into $73 million court case
LABOUR and Social Welfare minister Nicholas Goche has been sucked into the $73 million case between PG Industries and the company's marketing director once certified dead in 2004.Nkululeko Mab...Published: 24 Sep 2013 at 03:52hrs | 1 | by Staff Reporter
100 companies get 14 day indigenisation ultimatum
The National Indigenisation and Economic Empowerment Board has issued a 14-day ultimatum to about 100 companies to apply for certification or face being classified as non-compliant with the Indigenisa...Published: 02 Sep 2013 at 05:00hrs | | by Staff reporter
ZSE shares close weaker at start of year's 2nd half
ZSE shares stayed in the red at the start of the second half of 2013 as Delta continued to trade lower while Minings gave in to losses in Bindura.The Industrials Index eased 0.21 points or 0.1...Published: 01 Jul 2013 at 16:44hrs | | by Business reporter
PG Industries 5 months sales rise 21% to $14.3 million
PG Industries gross sales in the five months to 31 May rose by 21% to $14.3 million compared with the prior period, group Chief Executive Mr. Hilary Munyati revealed today. Addressing the...Published: 28 Jun 2013 at 12:34hrs | | by Business reporter
ZSE: Dairibord in 13% sell off after profit warning
Dairibord fell 13% on Wednesday after the group warned that profitability for the half year to June will be lower than the comparable year ago period after the first quarter plant rationalisation dis...Published: 19 Jun 2013 at 14:43hrs | | by Finx
Delta, Barclays help ZSE Industrials firm
Delta's marginal recovery helped both stocks and turnover rise on Tuesday as investors c...Published: 18 Jun 2013 at 16:29hrs | 1 | by Finx
Delta drags Industrials lower as BAT shares hit $9
Delta shares dragged the Industrials lower for the second consecutive session on Thursday largely on profit taking whie BAT shares advanced to another all-time best of $9.The Industrials Index...Published: 13 Jun 2013 at 11:18hrs | | by Business reporter
Industrials extends record rise as Innscor shares close above $1
Innscor shares were buoyant at week's opening dosing above a $1 at $1,05 to surpass the $1,03 record reached on February 4 this year as the Industrials extended their record rise closing just shy of t...Published: 10 Jun 2013 at 10:20hrs | 1 | by Business reporter
Industrials bounces back as buyers resurface in selected counters
Industrials recovered on Tuesday from yesterday's losses largely on gains in Delta and Innscor as reasonable buyers resurfaced in some counters.The Industrials Index recovered 1.49 points or ...Published: 04 Jun 2013 at 11:47hrs | | by Business reporter
ZSE shares hitting fresh highs as volumes remain depressed
ZSE's Industrials hit another fresh record on Thursday amid strong interest in selected counters but overall volumes remained thin.Volumes for most of the counters that have recorded significa...Published: 23 May 2013 at 12:57hrs | | by Business reporter
ZSE shares rally as Industrials races past 200 mark
ZSE shares rallied in midweek trades with Industrials closing above the 200.00 mark for the first time since January but daily turnover stayed below the psychological $1 million level.Volumes...Published: 08 May 2013 at 11:09hrs | | by Business reporter
ZSE shares advance but trading volumes remain weak
ZSE shares advanced on Tuesday with the Industrials drifting towards the 200.00 mark for the first time since dollarisation albeit in thin volumes as most investors stayed on the sidelines despite a r...Published: 07 May 2013 at 13:48hrs | | by Business reporter
ZSE: Minings wades back into negative territory
ZSEs mainstream Industrials stayed in the red on Tuesday as Econet share price continued to sink while Minings waded back into negative territory after posting significant gains yesterday.The...Published: 23 Apr 2013 at 12:07hrs | | by Business reporter
ZSE:- Industrials recovers in hushed trades ahead of Independence holiday
Industrials recovered on Wednesday after hushed trades where only 8 counters managed gains against 4 that traded lower with most heavyweight counters trading unchanged from previous levels ahead of In...Published: 17 Apr 2013 at 11:53hrs | | by Business reporter
ZSE:- Econet, Innscor drag Industrials lower
Losses in heavyweights Econet and Innscor dragged the Industrials lower for the second straight session on Thursday wipi...Published: 11 Apr 2013 at 11:12hrs | | by Business reporter
Improved underwriting profits boosts TA Holding's performance
TA Holdings' operating income grew 234% to $5.5 million due to improved underwriting profits from the insurance company, CEO Gavin Sainsbury told an analysts briefing yesterday. This res...Published: 09 Apr 2013 at 12:19hrs | 1 | by Business reporter
ZSE:- Industrials advances on gains in selected heavyweights
Industrials stayed in the positive territory on Thursday sustained by gains in selected heavyweights while inactivity in the resources sector saw the Minings Index...Published: 04 Apr 2013 at 12:56hrs | | by Business reporter
ZSE shares falter after Easter holidays
ZSE shares faltered after Easter holidays in mixed trades across the board as most heavily capitalised counters remained unchanged from previous levels.The volume of shares traded on the marke...Published: 02 Apr 2013 at 11:25hrs | | by Business reporter
ZSE:- Industrials trips again as profit taking extends to mid-cap stocks
ZSE shares dwindled on Tuesday as investors continued to cash-in on gains made in heavily capitalised counters and mid-cap counters which have had a fairly good performance since January.The ...Published: 12 Feb 2013 at 11:50hrs | 1 | by Business reporter
ZSE:- Industrials halts 2-day slide to post marginal rebound
ZSE's Industrials halted a 2-day slide to post a modest rebound at week's end after mixed gains across the board cancelled out losses in blue chips Innscor and OK Zimbabwe.The Industrials look...Published: 08 Feb 2013 at 10:32hrs | | by Business reporter
ZSE Report:- Industrials remains upbeat amid first block deals of 2013
Industrials remained upbeat on Tuesday with selected heavyweights treading new highs as brokers Imara executed the markefs first special deals in 2013.The Indu...Published: 29 Jan 2013 at 13:21hrs | 6 | by Business reporter
ZSE Market report:- Blue chips rally buoys Industrials in mid week trades
Investors continued to pile into ZSEs heavily capitalised counters on Wednesday giving the Industrials their biggest one-session rise since December 28....Published: 09 Jan 2013 at 08:04hrs | 1 | by Business reporter
ZSE market report:- Innscor, SeedCo lifts Industrials as turnover dips
Gains in Innscor and SeedCo helped the Industrials manage gains for the third t...Published: 07 Jan 2013 at 12:14hrs | | by Business reporter
Divorce, civil lawsuits up 50%
DIVORCE and other civil lawsuits at the High Court went up by at least 50 percent this year, a development Justice and Legal Affairs Minister Patrick Chinamasa says necessitates th...Published: 23 Dec 2012 at 23:22hrs | | by Staff Reporter
PG shareholders approve the disposal of 27.9% stake in Manica
PG Industries shareholders have voted for the disposal of the 27.9% stake in Manica Boards & Doors and the sale of properties that are in excess of group operational requirements at an EGM held t...Published: 12 Dec 2012 at 10:30hrs | 1 | by Business reporter
Zimbabwe Stock Exchange Overview - June 2012
Fortune favours the brave.... Recovery on course although beleaguered somewhat by unfavourable atmosphere..Four years on in a dollarised economic en...Published: 08 Jun 2012 at 05:20hrs | 1 | by Imara Stockbrokers
Court grants former Highlanders secretary general $53 million
Former Highlanders Football Club secretary general, Nkululeko Mabhena is all smiles after the Bulawayo High Court granted him $53 million an amount more than the Distressed Industries and Marginalise...Published: 21 Feb 2012 at 06:38hrs | | by Alois Sibanda
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