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4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 777 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1197 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44617 | by Staff reporter
Zanu-PF's absentee MP told not to contest 2023 elections
Mazowe North Member of Parliament Campion Takura Mugweni (Zanu-PF) was last week told by party chairpersons in Mashonaland Central province not to contest at this year's general elections.Mugw...Published: 27 Feb 2023 at 20:50hrs | 4 | by Staff reporter
Zimbabweans now big players in UK fraud scams
Another set of Zimbabweans caught and convicted in another United Kingdom (UK) Credit card fraud scam this week!"With the growth of internet usage worldwide, the UK has become a target destina...Published: 25 Feb 2022 at 07:46hrs | | by Jacob Mutisi ICT EXPERT
Scottish-born, New Zealand-bred rugby star relishing Zimbabwe Sables dance
HE was born in Glasgow in Scotland to Zimbabwean parents, grew up in New Zealand, where he honed his rugby skills at the famed Waikato Rugby Academy, had stints in his native country with the PRO14 si...Published: 18 Apr 2021 at 09:14hrs | 1 | by Staff reporter
Zimbabwe's cartels that are not the real cartels
I just read the report by Daily Maverick, that is purporting to expose cartels in Zimbabwe. The problem with the report is it does not include the obvious and leading cartels in Zimbabwe, such as Old ...Published: 11 Feb 2021 at 09:38hrs | 2 | by Simbarashe Mwandipendaa
Sanctions are a missed target
The US Assistant Secretary of State on African Affairs, Tibor Nagy, was recently quoted saying that the illegal sanctions imposed on Zimbabwe by the West are targeted against certain individuals and c...Published: 02 Nov 2020 at 10:09hrs | 1 | by Innocent Mujeri
Plot to strip Mthuli Ncube of Professorship
Former MDC Youth leader Shephard Dube is leading a process to petition Oxford University to strip Finance Minister Mthuli Ncube of his Professorship.In an exclusive interview with this publica...Published: 31 May 2019 at 18:46hrs | | by Mandla Ndlovu
Who will win the 2018/19 HSBC World Rugby Sevens series?
Fiji climbed to the top of the HSBC World Rugby Sevens table this week by winning the London Sevens for the second year running. They secured a thumping 43-7 victory over USA at Twickenham and that sa...Published: 29 May 2019 at 20:17hrs | 5 | by Staff writer
Acid Test for Zimbabwe Rugby Academy as they face Border Bulldogs
It will be a tough test for the Zimbabwe Rugby Academy when they face the Border Bulldogs on Sunday (April 28) at 1430hrs in the debut appearance at the SuperSport Rugby Challenge at the Sisa Dukashe ...Published: 27 Apr 2019 at 16:19hrs | 12 | by APO
Chamisa should avoid Angola, DRC path
REPORTS this week that Angolan police arrested former president Jose Eduardo dos Santos' son, José Filomeno, over the alleged illegal transfer of US$500 million from state coffers to a Swiss bank acc...Published: 29 Sep 2018 at 13:12hrs | | by Editorial - the independent
Know your Minister of Finance Prof Mthuli Ncube
Professor Mthuli Ncube is currently Managing Director and Head of Quantum Global Research Lab (Switzerland), part of Quantum Global Group, the largest Private Equity group dedicated to investing in Af...Published: 07 Sep 2018 at 19:14hrs | 6 | by Staff Reporter
Who is Professor Mthuli Ncube?
PROFESSOR Mthuli NCUBE is a financial, economics, investment, and public policy expert. He has vast experience and worked in the private sector, public sector, academia, and international financial in...Published: 21 Aug 2018 at 17:51hrs | 1 | by Agencies
British banker opens stockbroking firm in Zimbabwe
A consortium of British fund managers, led by Nigel Little, has been approved to open stockbroking firm in Zimbabwe, the ...Published: 05 Jul 2018 at 11:19hrs | | by Staff reporter
SA-based mogul eyes Zimbabwe State House
If business success was the only pre-requisite for leading a country, Joseph Makamba Busha (pictured right) of the FreeZim Congress (FZC), would be certain to be the next resident of State House....Published: 22 Apr 2018 at 10:40hrs | | by Staff reporter
Condoms owner buys US baby formula firm
Household goods giant Reckitt Benckiser has agreed to buy US baby formula maker Mead Johnson for $16.6bn (£13.2bn)The UK-based maker of Durex and Dettol said the purchase would help it gr...Published: 10 Feb 2017 at 08:13hrs | 1 | by BBC
Kenyan journalist scoops African Growth Story Award at Sanlam Awards for Excellence in Financial Journalism
(Johannesburg, 10 June 2016) Mr Allan Odhiambo of Kenya's Business Daily newspaper is the winner of the African Growth Story Award in the 2015 Sanlam Awards fo...Published: 10 Jun 2016 at 18:06hrs | | by Agencies
US: Country without a skin
I HAVE always been struck by how local sayings often betray an advanced scientific sensibility traceable to our so-called 'non-scientific' forebears. All this against rooted allegations of pre-scienti...Published: 12 Mar 2016 at 15:18hrs | | by Nathaniel Manheru
Ministers stash $270m in foreign bank
WASHINGTON DC - An international banking giant, HSBC, made huge profits by allegedly engaging in shady deals of over $270 million with some Zimbabwean citizens seven years ago, in the process, disadv...Published: 10 Feb 2015 at 10:20hrs | | by Staff reporter
'HSBC helped conceal over $100 billion in Swiss accounts'
Global banking giant HSBC for years catered to a motley crew of weapons dealers, tax evaders, tin-pot dictators and celebrities, using its private Swiss arm to shield accounts worth more than $100 bil...Published: 09 Feb 2015 at 10:38hrs | | by CNNMoney
Net users urged to change ALL passwords over 'catastrophic' Heartbleed bug
Internet users have been warned to change all their computer and phone passwords following what could be a 'catastrophic' security breach.Major technology firms have urged the public to immedi...Published: 10 Apr 2014 at 09:33hrs | 2 | by Tech Reporter
Zimbabwe to introduce Islamic banking
Islamic group Orischart says it is in negotiations with monetary authorities in Zimbabwe to introduce Islamic banking in the country.Ashirai Mawere, an Orischart official, told businessdaily ...Published: 05 Nov 2013 at 06:49hrs | | by Staff reporter
Multi-million solar farm for Bulawayo
LOCAL private firm, Intratrek Zimbabwe has partnered Chinese firm CHINT Electric Co Limited for the establishment of three giant solar power stations with a combined output of 300 megawatts in Bulaway...Published: 24 Oct 2013 at 06:31hrs | 1 | by Staff reporter
Asian shares climb to a two-week high, yen retreats, yen retreats
Asian shares climbed to a two-week high on Monday, and the Australian dollar and copper gained, as China said its manufacturing expanded in August at the fastest pace in more than a year.A de...Published: 02 Sep 2013 at 04:19hrs | | by Staff Report
HSBC Bank account closures latest
THE reported freezing and closure of accounts by international bank, HSBC Bank, has not just affected Zimbabweans, but several other nationals as it emerges the financial institution is on a drive to...Published: 28 Aug 2013 at 05:52hrs | | by Staff reporter
HSBC Bank orders freezing of accounts held by Zimbabweans
AN international bank, HSBC Bank has allegedly ordered freezing of accounts held by Zimbabwean expatriates and nationals saying Zimbabwe was under sanctions, newsday reported.Account holder...Published: 26 Aug 2013 at 05:53hrs | | by Staff reporter
Top banker joins Econet board
Econet Wireless Zimbabwe has announced the appointment of top international investment banker Mr Martin Edge as a non-executive director.Mr Edge, who has worked in Africa for nearly 20 years w...Published: 28 Jun 2013 at 18:50hrs | | by Business reporter
British cops looking for Eric Knight for allegedly forging Ezra's signature
SELF-EXILED disc jockey and MDC-T aspiring legislator for Mbare, Eric Knight, is on the British police wanted list for allegedly forging his business partner Mr Ezra Sibanda's signature to withdraw mo...Published: 07 Mar 2013 at 03:33hrs | 1 | by Staff reporter
When the unintended so damages!
There is something I don't understand about our Government and our leaders. This Wednesday we had the Prime Minister's spokesperson telling Minister Chinamasa off for pointing out that the Prime...Published: 13 Jan 2013 at 06:07hrs | | by Nathaniel Manheru
2013: The year to apply Noah's Rule
It is that time of the year again, when everything ceases to make sense. Everything stops being the normal that we know it as. This is the time that you have your friends calling and informing you tha...Published: 08 Jan 2013 at 10:55hrs | | by Anonymous
Zimbabwe Sables rise in latest IRB rugby rankings
The Zimbabwe Sables' recent performance in the Africa Cup and the tri-nations Victoria Cup have left many believing local rugby might just be emerging from the doldrums.The Sables' performanc...Published: 17 Jul 2012 at 09:51hrs | | by Moyo Roy
Zanu-PF linked businessman loses $300m HSBC lawsuit
LONDON, United Kingdom - A Zimbabwean businessman with links to Robert Mugabe's Zanu-PF has failed in a US$300 million lawsuit against a British bank which reported his request to transfer nearly US$...Published: 17 May 2012 at 11:32hrs | | by Staff reporter
World economy to trudge on in 2012 despite Europe
Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right...Published: 24 Dec 2011 at 17:05hrs | | by -
Nedbank chief jets into Zimbabwe
Nedbank chief executive and majority shareholder in the Merchant Bank of Central Africa Mr Mike Brown is in the country as part of his annual staff visits.Mr Brown and his executive team touc...Published: 18 Aug 2011 at 06:53hrs | | by Mafu Sithabile
UK gives Zim judicial system thumbs up: Comments
Following The Herald's report that A UNITED KINGDOM court has given Zimbabwe - a sisterly judicial system - the thumbs up in the case in which businessman Jayesh Shah is claiming US$300 million damag...Published: 27 Apr 2011 at 17:41hrs | | by Moyo Roy
Brainworks fund links indigenization and private equity in Zimbabwe
Zimbabwean private equity firm Brainworks Capital Management has reportedly launched a $20 million fund targeting Zimbabwe’s agriculture, financial services, mining and telecomm...Published: 05 Apr 2011 at 08:54hrs | | by Tom Minney
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