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NetOne duped US$133,000 by auction dealer
Jeffery Mubaiwa, the director of JEFFM Auctions, appeared before Harare magistrate Apollonia Marutya on Thursday, facing charges of fraud after allegedly defrauding mobile network operator NetOne Priv...Published: 30 Nov 2024 at 13:03hrs | 59 | by Staff reporter
Mnangagwa shields Ruwa Local Board assets from seizure, sale
President Emmerson Mnangagwa has exercised his emergency powers to protect the assets of the Ruwa Local Board from sale and seizure, responding to a dire situation that threatens the well-being of the...Published: 23 Oct 2024 at 07:51hrs | 234 | by Staff reporter
BPRA launches funeral cover for residents
The Bulawayo Progressive Residents Association (BPRA) has elected a new board and launched a low-cost funeral cover, Uhlelo Lwezakhamizi Funeral Cover, aimed at underprivileged members of society. Thi...Published: 09 Jul 2024 at 05:51hrs | 3 | by Staff reporter
BCC goes after household property
The cash-strapped Bulawayo City Council (BCC) has implemented stringent measures to recover over US$50 million owed by defaulting ratepayers. These measures include attaching and auctioning off proper...Published: 03 Jul 2024 at 10:26hrs | 4 | by Staff reporter
Zimbabwe to force road construction firms to erect fences along highways
The Government is considering new legislation to mandate that companies contracted for major road rehabilitation projects erect fences along highways to prevent accidents caused by stray domestic and ...Published: 09 Jun 2024 at 09:05hrs | 7 | by Staff reporter
Mnangagwa's ED-UNZA Scholarship Fund raises US$600,000
THE ED-UNZA (University of Zambia) Scholarship raised US$600 000 during a fundraising dinner held at State House two weeks ago.President Emmerson Mnangagwa is the patron of the fund, which was...Published: 22 Dec 2023 at 18:17hrs | 12 | by Staff reporter
Massive corruption at Kwekwe Messenger of Court
A red flag has been raised amid indications of massive corruption at Kwekwe Messenger of Court (MOC) where the latter is accused of illegally using 'attached and removed property' in his possession be...Published: 21 Sep 2023 at 15:13hrs | 3 | by Desmond Nleya
A glimpse into Mnangagwa's wealth
Mozambique President Filipe Nyusi's visit to President Emmerson Mnangagwa's Kwekwe farm on Friday gave a glimpse into the Zanu-PF leader's massive wealth after he paraded his prized herd of Ankole cat...Published: 21 May 2023 at 08:14hrs | 8 | by Staff reporter
Council divided over Go Beer revival
Gweru City councillors have called on management to compile a report on the defunct Go Beer Breweries before the local authority entertains any plans of reclaiming the business.The brewery was...Published: 23 Apr 2023 at 07:52hrs | 1 | by Staff reporter
Minister orders auction of all stray cattle
DEPUTY Minister of Lands, Agriculture, Fisheries, Water and Rural Development Davis Marapira has directed local authorities to impound and auction all stray cattle as part of efforts to curb the sprea...Published: 09 Mar 2023 at 05:20hrs | | by Staff reporter
Top Zimbabwe judges in the eye of a storm
A Harare businessman has written a letter of complaint to Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi raising allegations of criminal abuse of office, conflict of interest and ob...Published: 07 Aug 2022 at 08:05hrs | 8 | by Staff reporter
Council sues 400 defaulters per month
NEARLY 400 people are sued monthly by the Bulawayo City Council (BCC) and some end up having their property auctioned by the Messenger of Court after failing to settle their debts. Last Friday...Published: 25 Jul 2022 at 06:27hrs | | by Staff reporter
Concern over Zimbabwe's gold coins
ONE of Zimbabwe's top asset managers, Zimnat Asset Management (Zimnat) has noted that the country's gold coins scheme is elitist and cannot present significant arbitrage profiteering opportunities in ...Published: 19 Jul 2022 at 06:12hrs | | by Staff reporter
RBZ clears foreign currency auction backlog
THE backlog at the foreign currency auction run by the Reserve Bank of Zimbabwe has now been cleared with all allotments made by the end of last month now fully funded and all successful bidders since...Published: 21 Jun 2022 at 06:36hrs | | by Staff reporter
BCC identifies landlords as major defaulters
THE Bulawayo City Council (BCC) has singled out landlords among major defaulters in paying water bills.The council accused the landlords of collecting rentals from tenants, but fail to pay bil...Published: 26 May 2022 at 06:25hrs | | by Staff reporter
Activist sues Mnangagwa
PRESIDENT Emmerson Mnangagwa and police commissioner general Godwin Matanga have been dragged to the High Court after police impounded a vehicle belonging to human rights defender Melania Chiponda....Published: 09 May 2022 at 07:16hrs | 6 | by Staff reporter
John Mangudya and CZI kiss and make up
In its position paper on the sensitive issue leaked to the media on Friday, CZI called on the Reserve Bank of Zimbabwe (RBZ) to suspend the foreign currency auction system after the Zimdollar fell to ...Published: 27 Apr 2022 at 11:39hrs | 13 | by Mandla Ndlovu
Gushungo properties up for grabs
THE late former President Robert Mugabe could be turning in his grave with properties running into several millions of United States dollars from two of his farms going under the hammer as the busines...Published: 25 Feb 2022 at 07:42hrs | 8 | by Staff reporter
CZI urges RBZ to fine tune auction
The Confederation of Zimbabwe Industries (CZI) says the Reserve Bank of Zimbabwe (RBZ) should only sell foreign currency that it has already received to avoid creating backlogs from auctioning unreali...Published: 03 Feb 2022 at 05:34hrs | | by Staff reporter
RBZ resumes forex auction
THE weekly Foreign Currency Auction Trading System resumed activity this Tuesday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar.The ...Published: 20 Jan 2022 at 05:33hrs | | by Staff reporter
Zimdollar tanks as RBZ forex auction resumes
THE weekly Foreign Currency Auction Trading System resumed activity yesterday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar.The Res...Published: 19 Jan 2022 at 19:57hrs | | by Staff reporter
Key expectations from upcoming monetary policy
The Reserve Bank of Zimbabwe (RBZ) is expected to present the first monetary policy statement of 2022 within the next 30 days amid rising inflationary pressures. The monetary policy comes after the de...Published: 19 Jan 2022 at 11:52hrs | 1 | by Victor Bhoroma
Residents outraged as council auctions bus for ZW$20 000
MASVINGO residents are up in arms with the city council after the local authority sold a functioning bus for a paltry ZW$20 000 at an auction which was held without their knowledge.The 75-seat...Published: 12 Dec 2021 at 20:19hrs | 5 | by Staff reporter
ZACC probes court sheriff
THE Zimbabwe Anti-Corruption Commission (Zacc) is investigating High Court Sherriff McDuff Madega for suspected criminal abuse of office and the illegal sale of more than 10 properties attached by the...Published: 26 Oct 2021 at 06:37hrs | 6 | by Staff reporter
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 19:03hrs | 9 | by Victor Bhoroma
Demolition of houses: Fixing the broken tape or mopping water from the broken tape?
The current events unfolding in the country are a clear indication that operation Murambatsvina was not an end in itself. Many houses continue to be demolished in a shocking and traumatizing way....Published: 09 Aug 2021 at 13:49hrs | | by Joseph Mvero
Was November 2017 a false start for Zimbabwe?
THEN there was the incident in New York on 9/11, I drove into the garden of my daughter and her husband and they shouted at me to come and see what was happening.I walked into the house and sa...Published: 17 Feb 2021 at 20:19hrs | | by Eddie Cross
Forex auction resumes
THE Foreign Currency Auction Trading System resumes today after the festive season break amid expectations the exchange rate will have less pressure as demand for forex is traditionally low during thi...Published: 12 Jan 2021 at 08:38hrs | | by Staff reporter
Workers decimate Mugabe's cattle herd
VILLAGERS have gone on a raiding rampage on a farm belonging to the late former president Robert Mugabe in Mazowe, hunting down and slaughtering over 1 400 cattle belonging to his family, in a which h...Published: 24 Dec 2020 at 17:17hrs | 1 | by Staff reporter
Open Letter to the heads of state of SADC nations
More than business as usual needed to save wildlife and people from covid-19 destructionYOUR EXCELLENCIES:We are facing an unprecedented wildlife conservation crisis. With COVID-19 imp...Published: 23 Nov 2020 at 14:33hrs | | by Emmanuel Koro
Govt adopts quarterly salary reviews
FINANCE minister Mthuli Ncube yesterday said government had now resolved to review civil servants' salaries after every three months to hedge against runaway inflation rate.Ncube announced the...Published: 11 Sep 2020 at 07:32hrs | 7 | by Staff reporter
Chamisa must play a more active Statesman like role
WITH Zimbabwe's political crisis deepening amid growing calls for an inclusive dialogue, senior consultant with the International Crisis Group Piers Pigou, told the Daily News on Sunday last week that...Published: 06 Sep 2020 at 20:09hrs | | by Staff reporter
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | | by Victor Bhoroma
Chinotimba wins macadamia nuts debt fight
A High Court judge has given Buhera South legislator, Joseph Chinotimba the green-light to attach a property belonging to Chinese owned firm, Sunny Zimbabwe International in order to recover US$65 755...Published: 17 Jul 2019 at 08:44hrs | | by newzimbabwe
Zimbabwe tycoon loses plane
Concerted efforts by business mogul, John Arnold Bredenkamp to stop the auctioning of his private jet over a US$205 000 debt, recently went up in smoke after High Court judge president Justice George ...Published: 29 May 2019 at 08:02hrs | | by Staff reporter
VP's divorcee demand $13k a month 'to sustain accustomed lifestyle' - unsustainable addiction
"A divorce wrangle pitting Mohadi and his former wife Tambudzani has helped to lift the lid on the VPs' benefits with a payslip attached to a court application revealing the veteran politician from Be...Published: 13 May 2019 at 08:55hrs | | by Nomusa Garikai
Mugabe's farm equipment auctioned
Former president Robert Mugabe's farm equipment and vehicles are set to go under the hammer in what could signal a collapse of the once thriving diversified business empire. A local auction fi...Published: 10 May 2019 at 06:56hrs | 1 | by Staff reporter
James Makamba's empire crumbles
PROMINENT businessman Mr James Makamba's empire seems to be crumbling after the High Court placed his Kestrel Corporation under provisional judicial management as Mr George Manyere fights to recover h...Published: 30 Mar 2019 at 22:40hrs | | by Staff reporter
Zimra not auctioning seized vehicles
THE Customs and Excise Department is not in a hurry to auction impounded vehicles worth millions of dollars held at its various ports countrywide despite their depreciation and threats from yet unexpl...Published: 18 Feb 2019 at 07:13hrs | | by Staff reporter
MPs rip into Mthuli Ncube's budget
Parliamentarians from across the political divide have savaged Finance minister Mthuli Ncube's yet-to-passed 2019 National Budget proposals accusing the Treasury chief of ignoring their recommendation...Published: 05 Dec 2018 at 05:48hrs | | by Staff reporter
Auctions boom in Zimbabwe as economic woe takes its toll
Auction companies are booming in Zimbabwe as companies and individuals – including Tongaat Hulett CEO Sydney Mutsambiwa and Mzi Khumalo's Metallon Corporation – default on loan payments or other f...Published: 03 Dec 2018 at 08:28hrs | | by Staff repirter
Cars abandoned at garages
Zimbabwe's faltering economy is taking its toll on motorists who are abandoning their cars in garages for long periods due to lack of funds.Recently, Duly Trucks Motors released a statement no...Published: 15 Oct 2018 at 12:27hrs | 1 | by Staff reporter
Govt to increase number of teachers' training colleges - Murwira
THE MINISTER of Higher and Tertiary Education Science and Technological Development Amon Murwira has said the government will increase the number of teachers training colleges in the country so as to ...Published: 03 Oct 2018 at 07:29hrs | | by Stephen Jakes
'Mthuli Ncube has de-dollarised the economy'
THE ZIMBABWE National Chamber of Commerce (ZNCC) says by introducing a separate account for foreign currency through the monetary policy statement yesterday, the central bank has finally de-dollarised...Published: 02 Oct 2018 at 09:43hrs | | by Staff reporter
Exchange rate of US Dollar passes 100%
MDC Alliance official Discent Collins Bajila has claimed that the rate of exchange of US$ to Bank transfer in Zimbabwe has reached +100%.He said this means that if one have US$100 hard cash an...Published: 21 Sep 2018 at 07:06hrs | | by Stephen Jakes
Mugabe's property attached over debt
Former Zimbabwe National Road Administration (Zinara) boss Albert Mugabe has petitioned the court, seeking an order for stay of execution after his property was attached by the Sheriff of the High Cou...Published: 30 Aug 2018 at 06:22hrs | | by Staff reporter
Whites encouraged by Mnangagwa
President Emmerson Mnangagwa on Saturday assured Zimbabwe's white farmers that their land will not be taken, calling on them to work together with the government ahead of landmark elections on July 30...Published: 22 Jul 2018 at 16:53hrs | | by AFP
Chamisa accuses Mnangagwa of auctioning Zimbabwe
MDC Alliance leader, Nelson Chamisa has accused President Emmerson Mnangagwa of auctioning the country under the Zimbabwe is open for business mantra and has reiterated his plans to review all deals s...Published: 17 Jun 2018 at 20:08hrs | | by Staff reporter
WikiLeaks: 25 most corrupt ministers and public figures in Zimbabwe
These individuals will never be prosecuted by the Mnangagwa government because he is involved with entirely all of them. Either they were in the deal together or they know too much of his own dirty de...Published: 03 Jun 2018 at 11:06hrs | 29 | by WikiLeaks
Mnangagwa neck tie proceeds handed over
The CEO roundtable executive has handed over a $15 000 cheque donation to the Victoria Falls Hospital from the proceeds of the auctioning of President Emmerson Mnangagwa's neck tie in March during the...Published: 20 May 2018 at 19:32hrs | | by Staff reporter
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