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Bulawayo car dealer to appear in court
Prominent Bulawayo car dealer and socialite Brighton Chipunza, known as "Dash," is set to appear in court today for a bail ruling following allegations of stealing a luxury vehicle from a car wash....Published: 28 Nov 2024 at 06:46hrs | 624 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 189 | by Staff reporter
NSSA boss in court for fraud
Cosmas Chikwawawa, a research and schemes planning manager at the National Social Security Authority (NSSA), has appeared before the Harare Magistrates Court facing allegations of defrauding his emplo...Published: 20 Nov 2024 at 06:43hrs | 203 | by Staff reporter
Ex-NatPharm manager wins US$1m suit for unfair dismissal
In a landmark ruling, the High Court has ordered the National Pharmaceutical Company of Zimbabwe (NatPharm) to pay its former procurement manager, Raguel Mthombeni, nearly US$1 million for his unfair ...Published: 14 Nov 2024 at 14:32hrs | 422 | by Staff reporter
High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 181 | by Staff reporter
Zinara gets thumbs-up
The Zimbabwe National Roads Administration (Zinara) has received parliamentary approval after effectively addressing concerns raised in the latest report by Auditor-General Rheah Kujinga regarding its...Published: 05 Nov 2024 at 08:23hrs | 221 | 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
Willowgate linked minister in another scandal involving 'stolen' millions
The High Court has mandated Public Service, Labour and Social Welfare Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava, who is linked to the Willowgate motor scandal, to re...Published: 30 Oct 2024 at 07:56hrs | 702 | by Staff reporter
Zimbabwe ministers convicted for borrowing delinquency
Public Service Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava have been ordered by the High Court to repay a staggering ZWG206,370,840, which was borrowed from critical s...Published: 29 Oct 2024 at 16:37hrs | 5814 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1115 | by Staff reporter
CCC activist sues Kazembe over unlawful arrest
Human rights activist Robson Chere has taken legal action against Home Affairs Minister Kazembe Kazembe and Civil Aviation Authority of Zimbabwe (CAAZ) Director General Elijah Chingosho, serving them ...Published: 28 Oct 2024 at 07:07hrs | 351 | by Staff reporter
Gono company loss case continues
A key witness in the ongoing fraud trial involving a Harare couple accused of defrauding former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has stated that Gono should be summoned to court to ...Published: 26 Oct 2024 at 12:42hrs | 68 | by Staff reporter
Gono fraud case takes a turn
The ongoing case involving a Harare couple accused of defrauding former Reserve Bank of Zimbabwe governor Gideon Gono took a surprising twist yesterday when a key witness admitted he had no direct evi...Published: 24 Oct 2024 at 08:00hrs | 989 | by Staff reporter
Catholic bishops bid to pay US$188K in ZiG hits a snag
The High Court of Zimbabwe has dismissed the application for a declaratur seeking a stay of execution regarding a US$188,000 payment order against Stella Mundi, an agricultural company owned by the Zi...Published: 22 Oct 2024 at 08:04hrs | 472 | by Staff reporter
Potraz raises red flag over impact of power cuts on telcos
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has expressed serious concerns regarding the ongoing power outages that threaten to disrupt the country's telecommunications...Published: 17 Oct 2024 at 08:58hrs | 84 | by Staff reporter
Council approaches Supreme Court over US$2 fraud case
The Chikomba Rural District Council (RDC) is making a renewed effort to appeal to the Supreme Court following two unsuccessful attempts to challenge a Labour Court judgment that cleared its former emp...Published: 12 Oct 2024 at 11:20hrs | 243 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2520 | by Staff reporter
Tshabangu disputes Welshman Ncube's acting presidency
The leadership crisis within the Citizens Coalition for Change (CCC) has intensified, with Sengezo Tshabangu, who claims to be the Interim Secretary General of the party, denying that Professor Welshm...Published: 08 Oct 2024 at 18:45hrs | 1602 | by Staff reporter
Mpilo 'fake doctor's' troubled past resurfaces
The drama surrounding Taurai Prosper Vanhuvaone, also known as Prosper Mpofu, continues to unravel after the 29-year-old was arrested for the second time at Mpilo Central Hospital in Bulawayo on Monda...Published: 04 Oct 2024 at 17:19hrs | 1815 | by Staff reporter
Gono's suspected fraudsters' case latest
Regional Magistrate Stanford Mambanje upheld the State's application to tender a deed of settlement related to a high-profile fraud case involving former Reserve Bank of Zimbabwe governor Gideon Gono'...Published: 04 Oct 2024 at 08:47hrs | 355 | by Staff reporter
Gweru unleashes debt collectors on defaulters
The Gweru City Council has announced that it will employ debt collectors to pursue ratepayers who have defaulted on their payments for more than two months. In a statement released on September 10, th...Published: 12 Sep 2024 at 07:15hrs | 119 | by Staff reporter
Reprieve for 39 war vets accused of public violence
The High Court has granted an application for review filed by 39 war veterans who were previously arrested for participating in an illegal gathering intended to promote public violence. Initi...Published: 31 Aug 2024 at 11:07hrs | 63 | by Staff reporter
CCC youths' violence trial continues
The trial of seven youths from the Citizens Coalition for Change (CCC) accused of assaulting Beitbridge Deputy Mayor Councillor John Manatsa is scheduled to continue on August 20 at the Beitbridge Mag...Published: 16 Aug 2024 at 14:51hrs | 182 | by Staff reporter
Zimbabwe MPs push for stiffer penalties amid explosive AG report
Parliamentarians have reaffirmed their commitment to enforcing laws and imposing stringent penalties for public fund misuse. During a meeting convened by the Zimbabwe Coalition on Debt and Development...Published: 26 Jul 2024 at 08:55hrs | 595 | by Staff reporter
Treasury criticizes AG
Finance Secretary George Guvamatanga has criticized the Auditor General's (AG) report on undelivered motor vehicles, calling it "misdirected" and claiming that the issues it raised were already known ...Published: 23 Jul 2024 at 07:22hrs | 346 | by Staff reporter
Mnangagwa's second republic of corruption and controversy
PRESIDENT Emmerson Mnangagwa's second republic, which he proclaimed when he came into office in November 2017 following a coup that ended long-time ruler Robert Mugabe's nearly four-decade rule, has b...Published: 21 Jul 2024 at 20:59hrs | 946 | by Gary Gerald Mtombeni
'Blacklisting contracted firms that fail to deliver'
Legislators have implored government to identify and blacklist companies that fail to deliver goods and services to government departments despite having won tenders and further accepted upfront payme...Published: 21 Jul 2024 at 13:33hrs | 411 | by Staff reporter
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 626 | by Staff reporter
AG report exposes massive looting in Zimbabwe
Government may have lost millions of US dollars in the procurement of vehicles for various ministries, including the police, that were never delivered. Acting auditor general Rea Kujinga's rep...Published: 15 Jul 2024 at 16:36hrs | 294 | by Staff reporter
Zimbabwe's local grappling with poor governance issues
Local authorities in Zimbabwe are grappling with weak corporate governance issues, as highlighted in the 2023 report by Acting Auditor General Mrs. Rhea Kujinga. The report, presented to Parliament la...Published: 15 Jul 2024 at 08:08hrs | 37 | by Staff reporter
Inside Mnangagwa govt's financial rot
A new report by Zimbabwe's acting Auditor-General, Rhea Kujinga, highlights significant financial mismanagement and non-compliance within various government ministries. Seven ministries failed to resp...Published: 13 Jul 2024 at 12:49hrs | 57 | by Staff reporter
Government's ZWL$1 billion debt cripples Zimpapers operations
The country's largest multimedia group, Zimpapers Limited is owed in excess of ZWL$1 billion by government departments and ministries, parliament has been told, a situation that has crippled its opera...Published: 09 Jul 2024 at 06:21hrs | 10 | 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
Mnangagwa confirms structure to 'drip feed' ZWG into economy
Deputy Minister of Finance, Economic Development, and Investment Promotion, David Mnangagwa, acknowledged that the introduction of the Zimbabwe Gold (ZWG) currency in April has been characterized by a...Published: 01 Jul 2024 at 13:34hrs | 10 | by Staff reporter
Chimombe, Mpofu spend weekend in jail
Harare businessmen Mike Chimombe and Moses Mpofu, accused of defrauding the Government of US$7 million intended for the Presidential Goat Scheme, will remain in remand prison over the weekend as their...Published: 30 Jun 2024 at 18:16hrs | 1 | by Staff reporter
Chimombe, Mpofu remanded in custody for a second day
ZANU-PF central committee member Mike Chimombe and alleged accomplice Moses Mpofu, who face US$7 million fraud charges over the Presidential Goat Scheme, were remanded in custody for a second day afte...Published: 27 Jun 2024 at 15:47hrs | 2 | by Staff reporter
Chivayo's accomplices leave ZACC offices without being interviewed
Lawyers representing local businessmen Moses Mpofu and Mike Chimombe have now brought their clients to the Zimbabwe Anti-Corruption Commission (ZACC) to assist with investigations into an election cor...Published: 24 Jun 2024 at 11:17hrs | 8 | by Staff reporter
How Zanu-PF linked businessmen squandered money for presidential goats
ZANU-PF-linked businessmen Mike Chimombe and Moses Mpofu have come under scrutiny following revelations from an internal Zimbabwe Anti-Corruption Commission (Zacc) report dated June 7, 2024. The repor...Published: 21 Jun 2024 at 11:26hrs | 1 | by Staff reporter
Hackers fleece NetOne during transition to ZiG
Two men from Kambuzuma, Harare, Martin Learnmore Gona (31) and Uwen Gonyora (34), were reported by NetOne (Pvt) Limited for allegedly hacking into its system and stealing over ZiG1 million last month ...Published: 13 Jun 2024 at 07:03hrs | 6 | by Staff reporter
Microfinance sector dumps local currency
In the first quarter of 2024, the United States dollar loan portfolio in Zimbabwe's microfinance sector surged by nearly 8% to reach US$48.63 million, up from US$45.1 million in the previous quarter. ...Published: 12 Jun 2024 at 06:43hrs | 8 | by Staff reporter
Grace Mugabe's workers claims that property were gifts
During their bail application before Harare magistrate Marehwanazvo Gofa, two of the four men arrested for allegedly stealing property from Grace Mugabe's Blue Roof mansion in Borrowdale, Harare, clai...Published: 30 May 2024 at 08:41hrs | | by Staff reporter
Zimra faces parly probe
ZIMBABWE may have lost potential revenues running into millions of United States dollars due to lax systems at the Zimbabwe Revenue Authority (Zimra), which is now facing parliamentary probe.T...Published: 19 May 2024 at 12:21hrs | 3 | by Staff reporter
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 2 | by Staff reporter
Govt blitz as traders dump Zimdollar
THE Consumer Protection Commission together with the police and the Financial Intelligence Unit has launched a blitz on businesses refusing to accept the Zimdollar following the launch of a new curren...Published: 09 Apr 2024 at 06:22hrs | | by Staff reporter
ZSE rebases bourse to reflect ZiG
THE Zimbabwe Stock Exchange (ZSE) is re-basing all its indices following the introduction of a new currency, Zimbabwe Gold (ZiG), last week.ZSE said all the ZSE indices would be re-based to 10...Published: 09 Apr 2024 at 06:22hrs | | by Staff reporter
126 vacancies unfilled at Zec
THE Zimbabwe Electoral Commission (Zec) fired six employees while 126 vacancies remained unfilled, the commission's 2023 annual report has revealed, amid fears the gaps could affect the election manag...Published: 09 Apr 2024 at 06:21hrs | 2 | by Staff reporter
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 2 | by Staff reporter
Zimbabwe needs political change, not currency change
ZIMBABWE NEEDS POLITICAL CHANGE NOT A CURRENCY CHANGE.... A currency is a bundle of trust and confidence. A currency is not a currency without confidence and value. Money represents a collecti...Published: 07 Apr 2024 at 11:02hrs | 15 | by Nelson Chamisa
Mnangagwa's foot in the mouth again
PRESIDENT Emmerson Mnangagwa has an uncanny ability to frequently put his foot in the mouth, sometimes without harm but his recent episode on structured currency has left a trail of economic disaster....Published: 07 Apr 2024 at 10:11hrs | 6 | by Paidamoyo Muzulu
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