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ZACC targets estate agents, exchange rate manipulators
The Zimbabwe Anti-Corruption Commission (ZACC) is out to net unscrupulous real estate agents and those accused of manipulating exchange rates to illegally push large amounts of foreign currency out of...Published: 17 Jun 2023 at 08:04hrs | 3 | by Staff reporter
Lawyer arrested for theft
A lawyer in Chinhoyi has been arrested on allegations of stealing more than $100 000 from a client after being given an ATM card to settle legal fees.Burukai Muchadzireva (42) is still assisti...Published: 15 Feb 2022 at 05:32hrs | 2 | by Staff reporter
Ramaphosa rewarded Maria Ramos for her donation by PIC appointment?
The Sunday Independent revealed some of the funders to the CR17 campaign, which included eNCA director and owner of Hosken Consolidated Investments, Johnny Copelyn, who reportedly donated R2m, while f...Published: 11 Aug 2019 at 16:31hrs | 3 | by Staff reporter
2% money transfer tax simplified
Intermediated Money Transfer Tax is a tax collected in terms of Section 36G as read with the Thirtieth Schedule of the Income Tax Act [Chapter 23:06]. This tax has been in place since 2003 and an amen...Published: 08 Nov 2018 at 10:30hrs | | by Staff reporter
Banks comply with RBZ's FCAs directive
LOCAL banks have started creating separate Nostro Foreign Currency Accounts (FCAs) and Real Time Gross Settlement (RTGS) FCAs in line with a directive issued by the Central Bank early this month. ...Published: 18 Oct 2018 at 06:35hrs | | by Staff reporter
Mthuli Ncube's anti-Zimbabweans 2% tax comes into effect today
The Intermediated Money Transfer Tax, now commonly known as 2 cents tax, announced by Government last week comes into effect today after it was gazetted yesterday. This tax was gazetted in Sta...Published: 13 Oct 2018 at 07:05hrs | 1 | by Staff reporter
'Trust accounts linked to money-laundering activities'
FINANCE minister Patrick Chinamasa has disclosed that several trust accounts were being investigated by the Reserve Bank of Zimbabwe's (RBZ) financial intelligence unit, amid suspicion that th...Published: 18 Apr 2017 at 07:13hrs | | by Staff reporter
Lawyer on the run, law firm put under curatorship
A BULAWAYO lawyer, Mr James Mutsauki, is on the run and the High Court has ordered his law firm to be placed under curatorship after the Law Society of Zimbabwe (LSZ) detected alleged trust fund fraud...Published: 25 Jun 2016 at 09:36hrs | 3 | by Mashudu Netsianda
Bulawayo law firm faces licence cancellation over fraud
THE Law Society of Zimbabwe (LSZ) is seeking to have a Bulawayo law firm, James Mutsauki Attorneys placed under curatorship and its owner's practising certificate cancelled over alleged trust fund fra...Published: 22 Jun 2016 at 06:56hrs | | by Mashudu Netsianda
35 lawyers barred
The Law Society of Zimbabwe has barred 35 lawyers from operating after they failed to renew their practising certificates while others are facing disciplinary action or have abandoned the practice....Published: 30 Apr 2016 at 20:31hrs | | by Staff reporter
'Rouge lawyer blows $144,000'
THE Law Society of Zimbabwe (LSZ) wants a Gweru law firm, Gonesi and Partners, to be placed under curatorship over alleged fraudulent transactions amounting to $144, 000. The LSZ has filed an ...Published: 07 Mar 2016 at 05:28hrs | 8 | by Mashudu Netsianda
Illicit financial flows cost Zimbabwe $500 million
ILLICIT financial flows have this year cost Zimbabwe more than $500 million, which is enough to buy about over half of the season's supply of grain for the country. Zimbabwe requires about 1,8...Published: 14 Dec 2015 at 05:14hrs | | by Business Reporter
Paul Mangwana in tender saga
FORMER Cabinet minister, Paul Mangwana, has been caught up in a tender storm after his law firm was engaged by several municipalities to collect outstanding debts owed by ratepayers under unclear circ...Published: 03 Sep 2015 at 11:59hrs | | by Staff reporter
MDC-T's Mwonzora walking a tight rope
MOVEMENT for Democratic Change (MDC-T) secretary- general, Douglas Mwonzora, is walking a tight rope as he faces multiple criminal charges that could jeopardise both his political and legal career.M...Published: 26 Feb 2015 at 09:21hrs | 1 | by Staff reporter
Mazibisa surrenders practising certificate
A HIGH Court judge yesterday dismissed an application by Cheda and Partners to stop the Law Society of Zimbabwe (LSZ) from placing it under curatorship, which obliges the law firm's two senior partne...Published: 05 Feb 2015 at 06:41hrs | | by Thandeka Moyo
Illicit Financial Flows from Africa: Track it, stop it, get it
Illicit money outflows are draining Africa's domestic resources, depriving it of crucial investment funds.The figures are staggering: between $1.2 tril...Published: 27 Dec 2013 at 15:59hrs | | by Masimba Tafirenyika
Zimplats to open fifth mine
Platinum company Zimplats has earmarked US$469 million for the opening of a new mine, an official has said.It will be the fifth mine to be operated by the country's...Published: 24 Dec 2013 at 15:33hrs | 1 | by Staff Reporter
Mugabe reads riot act to foreign-owned firms
PRESIDENT Robert Mugabe has read the riot act to foreign-owned firms that are refusing to comply with Zimbabwe's indigenisation and empowerment laws, saying the door for negotiations has been closed....Published: 17 Feb 2012 at 05:21hrs | | by Staff reporter
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