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War vets company holds AGM amid squabbles
Zvimba East Veterans Investment Company (Zevic), a company wholly owned by veterans of the liberation struggle, is set to hold its Annual General Meeting (AGM) on December 20, 2024, despite ongoing sh...Published: 8 hrs ago | 148 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 17 hrs ago | 1097 | by Wilbert Mukori
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 164 | by Staff reporter
Gono company directorship change case takes new twist
The trial of Clark Clever Makoni and his wife Beverly Aisha Ndonda Makoni resumed yesterday, with the prosecution alleging that the couple engaged in fraudulent activities by illegally changing the di...Published: 01 Nov 2024 at 06:40hrs | 469 | by Staff reporter
African Sun to Sell Monomotapa Hotel
The Zimbabwe Stock Exchange-listed hospitality group, African Sun Limited, has announced plans to sell its flagship property, the Monomotapa Hotel Crowne Plaza in Harare. The move comes as part of a s...Published: 01 Nov 2024 at 06:27hrs | 296 | by Sgtaff reporter
Barak Obama is out of touch about Kamala!
Brother Obama, president (2008-2016) is himself the cause for the decline of support among blacks for the Democratic Party.The entry of former president Barak Obama into the fray on behalf of ...Published: 20 Oct 2024 at 14:03hrs | 171 | by Kenneth Mufuka
Zimbabwe mining company seeks intervention from Australian Ambassador
Shamva-based gold mining company Korzim Strategic Minerals (Pvt) Ltd has reached out to Vice-President Kembo Mohadi and Australian Ambassador to Zimbabwe Minoli Perera, alleging misconduct by an Austr...Published: 20 Oct 2024 at 12:22hrs | 554 | by Staff reporter
SA constitution serves the elite and the neoliberal agenda
The MK Party has called for the scrapping of South Africa's constitution, claiming it serves the elite and the neoliberal agenda. The party, led by former president Jacob Zuma who was in the A...Published: 19 Oct 2024 at 19:59hrs | 253 | by Staff reporter
Telecel Zimbabwe faces scandal over disappearance of generators
Telecel Zimbabwe, one of the country's three mobile telecommunications companies, is embroiled in a scandal following the alleged theft of 20 generators used to provide backup power to its network tow...Published: 13 Oct 2024 at 12:20hrs | 305 | by Staff reporter
Dairibord has no plans to exit Zimbabwe
Dairibord Holdings has firmly dismissed recent online reports suggesting that the company is planning to shut down its operations in Zimbabwe and relocate to South Africa. The group has reaffirmed its...Published: 09 Oct 2024 at 07:36hrs | 299 | by Staff reporter
Kudenga, Masunda bid to grab Oliver Chidawu's estate flops
Attempts by chartered accountant Ngoni Kudenga and former Harare Mayor Muchadeyi Masunda to grab late former Harare Metropolitan Affairs and Devolution minister Oliver Chidawu's estate have been stopp...Published: 05 Oct 2024 at 12:09hrs | 488 | by Staff reporter
War veterans company in turmoil
Zvimba East Veterans Investment Company (ZEVIC), a firm established and wholly owned by veterans of the liberation struggle, is embroiled in turmoil following revelations that its bank account has bee...Published: 29 Sep 2024 at 11:30hrs | 428 | by Staff reporter
Ex-ZIPRA combatants to hold meeting on property recovery efforts
Former ZIPRA combatants are set to convene an emergency meeting to assess progress regarding the recovery of properties seized by the government during the Gukurahundi era in the early 1980s. The upco...Published: 26 Sep 2024 at 10:33hrs | 325 | by Staff reporter
Marconati gets two-year jail term in Zimbabwe
Marondera businessman Francesco Marconati has been sentenced to two years in prison after being found guilty of fraudulently removing his business partner from the directorship of Eagle Italian Shoes....Published: 18 Sep 2024 at 18:20hrs | 727 | by Staff reporter
Zulu Lithium operations set for restart
In February this year, Premier announced its intention to raise £2,4 million (about US$3,15 million) to fund the Zulu project, which is situated in Insiza district, Matabeleland South Province....Published: 16 Sep 2024 at 08:43hrs | 411 | by Staff reporter
Stripping of hotel group's assets at African Sun?
African Sun, a leading hospitality group, has announced plans to divest the Great Zimbabwe Hotel in Masvingo and the Beitbridge Express Hotel to TD Hotels & Leisure (Private) Limited.In a ...Published: 09 Sep 2024 at 08:33hrs | 862 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 11 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 7 | by Staff reporter
Delma Lupepe sucked in nasty mine dispute
Former Amazulu Football Club owner and businessman Delma Lupepe is embroiled in a contentious legal battle over allegations of fraudulently acquiring Duive Enterprises Private Limited, a mining entity...Published: 01 Jul 2024 at 04:04hrs | 58 | by Staff reporter
Australia firm unfazed by Zimbabwe lithium setback
MetalsGrove, an Australia Stock Exchange (ASX)-listed company, has announced its intention to continue pursuing lithium assets in Zimbabwe despite initial exploration setbacks. The company's explorati...Published: 30 Jun 2024 at 18:31hrs | | by Staff reporter
Mnangagwa given five days to reverse decision
Zimbabwe National Students Union (Zinasu) co-leaders Nesbert Munyuki and Valentine Ziko have written to President Emmerson Mnangagwa challenging his appointment of top banker John Mushayavanhu as new ...Published: 07 Apr 2024 at 11:27hrs | 12 | by Staff reporter
Self-styled mafia boss Francesco Marconati panics...threatens to sue media
In the wake of widespread media coverage exposing Francesco Marconati's alleged misdeeds across Zimbabwe, the self-styled Italian Mafia boss has resorted to legal threats in an attempt to suppress the...Published: 06 Mar 2024 at 17:02hrs | 4 | by George Tshuma
Matinyarare's 'Innscor has destroyed the taste of Zim food' comments cause consternation
If Zimbabwe Stock Exchange (ZSE)-listed food giant Innscor was hoping to avoid press scrutiny, it could hardly have chosen a more self-destructive path than seeking a gag order against journalist Rute...Published: 04 Mar 2024 at 21:20hrs | | by Staff reporter
Italian investor Francesco Marconati flouts mining regulations...poses threat to national security
Italian investor Francesco Marconati's contentious actions in Zimbabwe's mining sector have raised serious concerns about regulatory compliance, worker safety, and ethical standards. Despite being ord...Published: 28 Feb 2024 at 13:00hrs | 15 | by George Tshuma
Mliswa has no entitlement to any shares, says his uncle
Former state security minister, Didymus Mutasa has rejected claims by his nephew and business colleague, Temba Mliswa that he (Mliswa) holds 10 percent stake in Muungwe Investments Private Limited as ...Published: 22 Feb 2024 at 15:58hrs | 2 | by Staff reporter
Housing project to go ahead
THE development of Muungwe Royal Estate, an uptown housing scheme in Rusape is proceeding well despite attacks by former Norton legislator Mr Temba Mliswa following a fallout with his uncle and landow...Published: 22 Feb 2024 at 04:49hrs | | by Staff reporter
Zimbabwe fights illegal settlers on state land 'sold' after being repossessed from white farmers
Two decades after a disastrous attempt at land reform, which drove out more than 400 white commercial farmers, the Zimbabwean government is fighting illegal settlers on state land handed out by tradit...Published: 21 Feb 2024 at 07:22hrs | 14 | by Staff reporter
Land war rages as bigwigs clash
A FIGHT for vast tracts of land pitting former Norton legislator, Temba Mliswa, a private developer and former minister Didymus Mutasa has spilled into the public domain with Mliswa accusing his partn...Published: 21 Feb 2024 at 07:20hrs | | by Staff reporter
Zipra ups ante on 100 seized properties
ZIPRA'S Nitram properties committee has handed over its final list of 100 properties seized by the Zanu-PF government during the 1980s Gukurahundi disturbances to its patron Tshinga Dube.Dube ...Published: 15 Feb 2024 at 10:05hrs | 1 | by Staff reporter
7 000 ex-Zipra members, identifies 100 properties
EX-ZIMBABWE People's Revolutionary Army (Zipra) combatants through their Nitram Properties will tomorrow submit a list of beneficiaries of buildings dotted across the country to Vice-President Kembo M...Published: 14 Feb 2024 at 04:39hrs | | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
Ex-ZPRA cadres identify 100 properties
EX-ZIMBABWE People's Revolutionary Army (Zpra) combatants have identified and listed at least 100 properties that are dotted across the country.This follows the appointment of a board to spear...Published: 25 Dec 2023 at 09:32hrs | 9 | by Staff reporter
Zimbabwe mines need a web presence
Zimbabwe has only just over ten mines and mining companies with an online presence. Mines with a web presence include ZimPlats, Caledonia Mining Corporation, A and F Avalon Gold Mine, Renco Gold Mine,...Published: 24 Dec 2023 at 09:57hrs | 9 | by Jacob Kudzayi Mutisi
Zimbabwe CEOs push back on salaries disclosure
THE chief executives (CEOs) of firms trading their shares on Zimbabwe's two stock exchanges have slapped down proposed regulations that would force them to disclose their earnings in line with interna...Published: 22 Dec 2023 at 18:16hrs | 9 | by Staff reporter
Hwange Colliery pays off US$350m debt
ZIMBABWE'S oldest coal producer, Hwange Colliery has repaid over US$350 million to creditors in fast-paced deals executed by external administrators since slipping into reconstruction over a year ago,...Published: 15 Dec 2023 at 07:52hrs | 1 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | | by Staff reporter
CBZ in major strategic shake up
Pursuant to the strategic vision of creating one of the country's largest financial services groups, renowned banker, strategist and businessman Mr Luxon Zembe, has been appointed acting chairman of C...Published: 06 Dec 2023 at 05:02hrs | 11 | by Staff reporter
Cyril Ramaphosa won't act on rand-fixing banks
President Cyril Ramaphosa will not act against the banks over rand fixing, according to Unisa Professor Boitumelo Senokoane.Senokoane, who joins the popular narrative that the president's stro...Published: 27 Nov 2023 at 16:35hrs | 8 | by Sifiso Mahlangu
Local boy steps down as PPC Zimbabwe MD, foreigner takes over
Pretoria Portland Cement (PPC) Zimbabwe Limited has officially announced the resignation of its Managing Director, Mr. Kelibone Masiyane. His successor, Mr. Albert Sigei, is set to assume the role sta...Published: 16 Oct 2023 at 20:17hrs | 24 | by Staff reporter
Access Finance legal fight not good for money transfer trust issues
The dispute between shareholders of Access Finance Group regarding the sale of shares has intensified, with one party favoring arbitration while the other prefers a legal process.According to ...Published: 15 Oct 2023 at 21:49hrs | 10 | by Staff reporter
Zimbabwe-listed companies get leeway to report financials in US dollars
Zimbabwean companies listed on the stock exchange are now permitted to present their financial statements in US dollars due to the swift dollarization of the economy. The CEO of the Zimbabwe Stock Exc...Published: 12 Oct 2023 at 18:21hrs | | by Staff reporter
Adam Molai's Pacific Cigarette Company forced into voluntary corporate rescue
Pacific Cigarette Company (PCC), led by local business magnate Adam Molai, has voluntarily initiated corporate rescue proceedings due to a substantial $19 million tax liability. This move comes amid a...Published: 09 Oct 2023 at 16:00hrs | 94 | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 10 | by Senziwani Sikhosana
How taxation and royalties work in Zimbabwe's mining industry
The mining industry in Zimbabwe is not only rich in mineral resources but also subject to a nuanced taxation and royalty framework. In this article, we delve into the special rules governing taxation ...Published: 05 Oct 2023 at 11:10hrs | 81 | by Clifford S. Ncube
Legalizing looting shows Zimbabwe is led by dunderheads!
From the time I was a little boy, there was something that always puzzled me.I could never understand how, those who were in top government positions - with all the opportunities availed to th...Published: 02 Oct 2023 at 07:55hrs | | by Tendai Ruben Mbofana
Access Finance shareholders in bitter fall out
Details of a bitter dispute between local financial services firm Access Finance (Pvt) Ltd and its related entities' shareholders have come to light, revealing that the CEO reneged on a deal to sell 1...Published: 25 Sep 2023 at 20:26hrs | 9 | by Staff reporter
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 1 | by Staff reporter
Zimbabwe: A nation at crossroads
Good day, President Emmerson Mnangagwa. Your Excellency, Zimbabwe is dogged by reputational and socio-economic challenges. Consequently, the citizenry is despondent, crying out for commitment to uphol...Published: 20 Sep 2023 at 06:41hrs | | by Cyprian Muketiwa Ndawana
Zimbabwe gets US$300m insurance cover
Zimbabwe has benefited from insurance support totaling over US$300 million from the African Trade & Investment Development Insurance (ATIDI) over six years. ATIDI, headquartered in Nairobi, has ex...Published: 15 Sep 2023 at 06:28hrs | | by Staff reporter
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