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BancABC uses 'dirty tactics' to silence bosses?

BancABC is engulfed in controversy, facing accusations of fabricating charges against at least nine top managers as part of a strategy to evade paying retrenchment packages, NewZimbabwe.com has learned.Internal documents obtained by this p…

Published: 04 Nov 2024 at 06:50hrs | 1372 | by Staff reporter

Council boss blows thousands on bling

Chiredzi Council, which is struggling to deliver standard services to its 300 000plus residents, is in the eye of a storm following revelations that the local authority could be pampering its executive managers with hefty salaries and obsc…

Published: 16 Apr 2024 at 17:56hrs | 100 | by Staff reporter

FML bosses fleece policyholders

FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more than US$3.5 million, an audit has revea…

Published: 21 Mar 2024 at 19:45hrs | 8 | by Staff reporter

High Court quashes former Air Zimbabwe bosses' convictions

THE High Court has upheld an appeal by former Air Zimbabwe bosses Peter Chikumba and Grace Pfumbidzai who were challenging their conviction for swindling the airline of $10 million.Chikumba, Air Zimbabwe's ex-chief executive, and Pfumbidza…

Published: 31 Jan 2024 at 04:50hrs | | by Staff reporter

2 company bosses in court over Zambia rendition of truck driver

Two bosses of a trucking company in Harare appeared in court on Thursday accused of the extrajudicial rendition of a truck driver from Zimbabwe to Zambia, after accusing him of losing a fertilizer consignment.Profburg Consultancy managing …

Published: 25 Jan 2024 at 12:12hrs | 6 | by Staff reporter

Parastatal bosses' wings must be clipped

RECENTLY Harare City Council reported that it is losing a lot of money in double salary payments â€” paying senior employees who are on suspension while at the same time paying those acting in their positions.This does not surprise people …

Published: 27 Jun 2023 at 06:59hrs | 8 | by Martin Stobart

Zifa bosses in court

Four top Zifa board members moved US$740 000 from Zifa's nostro account into the bank account of a private company belonging to one of them in 2019, allegedly to block a debtor using a courtissued garnishee order grabbing a small fraction …

Published: 22 Jul 2021 at 07:44hrs | 6 | by Staff reporter

IDCZ battles to find 'high calibre' CEO

THE myth that some of Africa's best business minds are found in Zimbabwe has been disproved at the State-run Industrial Development Corporation of Zimbabwe (IDCZ), which has struggled to find a CEO following the departure of Mike Ndudzo la…

Published: 28 May 2021 at 08:04hrs | 8 | by Staff reporter

Inept bosses cost Zinara US$200m

The Zimbabwe National Road Administration (Zinara) has suffered a financial loss in excess of US$200 million due to incompetence and lack of expertise by its senior managers to negotiate contracts beneficial to the State entity. It is beli…

Published: 19 Nov 2018 at 05:39hrs | 5 | by Staff reporter

15 Zesa bosses sent on mandatory leave

ZESA Holdings has sent 15 managers across its subsidiaries on mandatory leave to pave way for a forensic audit into the affairs of the parastatal, it has emerged. The audit has been going on and it was felt that sending senior staff member…

Published: 09 Oct 2018 at 06:58hrs | 1166 | by Staff reporter

New pay structure for parastatal bosses noble

I would like to applaud Government, through the Office of the President and Cabinet (OPC) for its efforts in setting new payment structure for parastatal and State enterprise bosses.The move, which is waiting for Cabinet approval will ensu…

Published: 28 Aug 2017 at 16:35hrs | 421 | by Peacemaker Zano

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