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Kumalo appointed as new chairperson
Zimplow Holdings Limited has appointed Benjamin Nkosentya Kumalo as its new chairperson, effective July 31, 2024, following the resignation of Godfrey Tsikayi Manhambara at the end of July. ...Published: 21 Aug 2024 at 07:21hrs | 499 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 10 | by Staff reporter
ZBC chief executive officer faces forensic investigation
THE Zimbabwe Broadcasting Corporation (ZBC) and its chief executive Adelaide Chikunguru are facing a forensic investigation amid allegations of financial mismanagement, poor corporate governance pract...Published: 29 Jan 2024 at 08:59hrs | 1 | by Staff reporter
Edgars sidelines Matebeleland executives
Two executive directors at the clothing maker and retailer Edgars Stores have tendered their resignations, effective today, as part of sweeping changes initiated by the new majority shareholder, Mauri...Published: 31 Oct 2023 at 05:51hrs | 1 | by Staff reporter
Edgars CEO controversially booted out
EDGARS Stores Limited has announced the resignation of its group chief executive officer, Ms Tjeludo Ndlovu, effective tomorrow, Tuesday. The company's Group Chief Finance Officer, Ms Happiness Vundla...Published: 31 Oct 2023 at 05:38hrs | 25 | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 10 | by Senziwani Sikhosana
Chigogwana retires
Access Finance Group, whose strategic network of operations includes Zimbabwe, has appointed Mr Salim Eceolaza as the new chief executive.Mr Eceolaza is succeeding co-founder Mr Raymond Chigog...Published: 20 Sep 2023 at 06:25hrs | 2 | by Staff reporter
High Courts foils illegal hostile company takeover
IN a huge victory for Israeli investor Ofer Sivan, the High of Zimbabwe has blocked the 'illegal' hostile takeover of earth moving equipment business, Adelcraft Investments, by Gillad Shabtai and his ...Published: 28 Feb 2023 at 08:44hrs | 21 | by Paul Ndou
Mudawarima steps down as Zimbabwe Olympic Committee CEO
SEASONED sports administrator Stephen Mudawarima has stepped down as chief executive officer and secretary-general of the Zimbabwe Olympic Committee (ZOC) after a two year stint at the national olympi...Published: 16 Feb 2023 at 04:55hrs | 1 | by Staff reporter
Zimbabwe mulls law for oil, gas extraction
GOVERNMENT is planning to draft a new law to regulate the oil and gas sector, amid high expectations of commercial-grade reserves in the Muzarabani area, Finance minister Mthuli Ncube has said....Published: 27 Nov 2022 at 14:59hrs | | by Staff reporter
Zimbabwe gold: new entrant, new strategy, new potential
The formal gold mining sector in Zimbabwe is really dominated by one mining player – Caledonia Mining Corporation. But this is set to change. A company previously focused on oil and gas has changed ...Published: 18 Oct 2022 at 06:10hrs | | by Staff reporter
Oliver Chidawu burial set for today
The memorial service for the Minister of State for Harare Provincial Affairs and Devolution, Engineer Oliver Chidawu, who died last Tuesday, was held yesterday at the family home in Harare ahead of bu...Published: 25 Jul 2022 at 06:26hrs | 1 | by Staff reporter
Chidawu leaves bitter-sweet legacy
THE untimely death Tuesday of Harare Metropolitan Provincial Affairs minister, Oliver Chidawu (68), due to suspected cardiac arrest, ignited social media amid revelations the top engineer-cum-politici...Published: 20 Jul 2022 at 08:19hrs | 8 | by Staff reporter
Zanu-PF mourns Chidawu
Zanu-PF has expressed shock following the death of Minister of State for Harare Metropolitan Provincial Affairs and Devolution Oliver Chidawu.Chidawu collapsed and died this morning at his hom...Published: 19 Jul 2022 at 18:40hrs | 1 | by Staff reporter
South Africa to reverse takeover of Tongaat Hulett by the Rudland family of Zimbabwe?
The R2-billion takeover of sugar giant Tongaat Hulett by the Rudland family of Zimbabwe has potentially crashed and burned.A key shareholder resolution paving the way for the deal was declared...Published: 03 Jun 2022 at 09:36hrs | 1 | by Staff reporter
Zesa rebundling firmly on course
LEADING audit firm Ernst & Young, which has completed its consultancy report on the unbundling of Zesa, has recommended that the role of executive chairman be abolished at the State power utility....Published: 10 Feb 2022 at 05:26hrs | | by Staff reporter
Individual who happens to wear a robe robs Peter Moyo over Old Mutual damages?
The Johannesburg High Court on Monday dismissed the R250 million damages claim brought by Peter Moyo against his former employer Old Mutual.In his judgment, Judge Gregory Charles Wright found ...Published: 01 Feb 2022 at 07:18hrs | | by Staff reporter
Caledonia CEO to leave next year
CALEDONIA Mining Corporation chief executive Steve Curtis will retire at the end of June next year, six months after leading the firm's listing on the Victoria Falls Stock Exchange (VFEX).The ...Published: 23 Dec 2021 at 05:40hrs | 7 | by Staff reporter
Munatsi: A smart distinguished banker
Zimbabwe is witnessing one of the largest outpourings of grief following the tragic loss of Douglas Tawanda Munatsi (‘DTM') on Monday November 29, 2021.It is definitely a tragedy of unspeaka...Published: 05 Dec 2021 at 06:17hrs | 8 | by Muchadeyi Ashton Masunda
Shake-up at African Sun
AFRICAN Sun Limited (ASL) managing director Edwin Shangwa will leave Zimbabwe's largest hospitality chain at the end of this year following a surprise shake-up announced yesterday, which will also see...Published: 16 Nov 2021 at 05:42hrs | 1 | by Staff reporter
Simbisa in US$19,3m expansion drive
RESTAURANT chain, Simbisa Brands Limited (SBL) will spend US$19,3 million on 92 new stores for its 2022 financial year as it seeks to expand its footprint.This comes as part of the group's eff...Published: 29 Sep 2021 at 06:43hrs | 7 | by Staff reporter
Why I wrote Mnangagwa book
Former MDC politician Eddie Cross says he could not turn down an opportunity to write President Emmerson Mnangagwa's autobiography because he was impressed with his attitude.Cross (EC), the au...Published: 19 Sep 2021 at 08:34hrs | 1 | by Staff reporter
Malema goes after Ramaphosa, captured NPA
EFF leader Julius Malema has given the National Prosecuting Authority (NPA) an ultimatum to prosecute President Cyril Ramaphosa for his role in the Marikana massacre within three months or his party w...Published: 16 Aug 2021 at 17:44hrs | 1 | by Staff reporter
Prominent lawyer in conflict of interest storm
A HARARE-BASED innovator and entrepreneur, Ignatious Munengwa, has reported prominent lawyer Phillipa Phillips to the Law Society of Zimbabwe for allegedly failing to declare an alleged conflict of in...Published: 07 Aug 2021 at 18:25hrs | 37 | by Staff reporter
Zimbabwean born executive takes over as Sun International chairperson
JSE-LISTED hospitality and gaming group Sun International yesterday announced the appointment of Sam Sithole as its new chairperson while the group navigates the choppy Covid19 environment.Sit...Published: 06 Jul 2021 at 20:23hrs | 5 | by Staff reporter
ICSAZ re-elects Taona Munzvandi as its president
The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) has re-elected as its president Taona Munzvandi, who is managing director of Daxilon Security and former chief executive o...Published: 21 Jun 2021 at 17:49hrs | | by Agencies
Zimbabwean academic lands global post
ONE Campaign, a global charity organisation tackling extreme poverty and preventable diseases in Africa, has appointed Zimbabwean academic, Dr Jackie Chimhanzi, to its board of directors.In a ...Published: 30 May 2021 at 08:28hrs | 8 | by Staff reporter
David Brown to resurrect Zimbabwe gold mines
DAVID Brown's association with Zimbabwe's mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012.During that time, he met with the late former Presid...Published: 15 Feb 2021 at 07:57hrs | | by Staff reporter
Mliswa's ex-lover has a son with SB Moyo?
Susan Mutami who has been trending for claiming Temba Mliswa is engaged in homophobic affairs and is seeking to end July Moyo, has reportedly made sensational claims that she has a son with the late F...Published: 06 Feb 2021 at 18:14hrs | 1 | by Staff reporter
Prospect Resources not concerned about Zimbabwe sovereign risk
Prospect Resources says it will forge ahead with its Arcadia Lithium project in Zimbabwe despite the country's risk profile and has put in place measures to minimise potential impact of the sovereign ...Published: 15 Jan 2021 at 07:32hrs | 1 | by Staff reporter
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 12 | by Staff reporter
Prospect sells Zimbabwe gold asset
AFRICAN lithium developer, Prospect Resources Ltd (Prospect) has sold its Penhalonga gold project in Zimbabwe to Luzich Resources Africa for US$1 million.In a statement, Prospect said it had e...Published: 27 Oct 2020 at 07:17hrs | | by Staff reporter
Land deal eases government re-engagement efforts
FOREIGN Affairs minister Sibusiso Moyo yesterday said the government's decision to compensate white former commercial farmers has eased the country's international engagement and re-engagement efforts...Published: 21 Oct 2020 at 22:18hrs | | by Staff reporter
US$500 for dead civil servants
GOVERNMENT has extended an equivalent of US$500 as funeral assistance for its underpaid civil servants who would have passed on. The offer, which was confirmed by both Information secretary Ndavaningi...Published: 21 Oct 2020 at 21:58hrs | | by Staff reporter
Govt to pay US$500 for dead civil servants
GOVERNMENT has extended an equivalent of US$500 as funeral assistance for its underpaid civil servants who would have passed on.The offer, which was confirmed by both Information secretary Nda...Published: 21 Oct 2020 at 08:19hrs | | by Staff Reporter
Major shake-up looms at ZB Bank
A MAJOR shake-up is looming at ZB Financial Holdings (ZBFH), with veteran banker Nicholas Vingirai tipped to increase his stake in a deal that would make him the majority shareholder in the listed gro...Published: 09 Oct 2020 at 10:16hrs | 7 | by Staff reporter
Poisoning fears spook Zanu-PF bigwigs
THE fear of poisoning has once again come to the fore within Zanu-PF and government circles following allegations by Vice-President Constantino Chiwenga's close associates that the ailing former Zimba...Published: 06 Sep 2019 at 07:44hrs | | by Staff reporter
Vela battles anti-corruption tide
THE Zimbabwe Anti-Corruption Commission (Zacc) is lobbying the International Criminal Police Organisation (Interpol) to issue red notices for former National Social Security Authority (Nssa) board cha...Published: 06 Sep 2019 at 07:41hrs | | by Staff reporter
Africa'second revolution whose time has come: Breaking-away from oppressive partisan poverty politics
The high-sounding and inspirational liberation of the entire of Africa by political parties and liberation movements that lost its cause! The law-abiding citizens that have been reduced to the level o...Published: 05 Sep 2019 at 21:20hrs | | by Reginald Thabani Gola
Old Mutual divests from Moyo's NMT Capital
OLD Mutual Limited (OML) has revealed plans to divest from NMT Capital, a company founded by its recently axed chief executive, Peter Moyo.Last month, the South African-based financial service...Published: 04 Sep 2019 at 08:42hrs | | by Staff reporter
'Old Mutual board, Manuel in breach of SA Constitution'
Embattled former Old Mutual CEO Peter Moyo has lodged an urgent application for the board of Old Mutual and its chairperson Trevor Manuel to be declared as having deliberately interfered with the func...Published: 28 Aug 2019 at 07:26hrs | | by Staff reporter
Peter Moyo wants court to rule Trevor Manuel in breach of Constitution
Peter Moyo has lodged an urgent application for the board of Old Mutual board and its chairperson Trevor Manuel to be declared as having deliberately interfered with the functioning of the courts....Published: 27 Aug 2019 at 22:47hrs | | by Staff reporter
Suspended Choppies CEO responds to 'unfair and biased' forensic & legal reports
Legal and forensic reports into Choppies Enterprises Limited, circulated to shareholders via Botswana's X-News and the Johannesburg Stock Exchange News Service (SENS) are unfair and biased – and app...Published: 27 Aug 2019 at 21:32hrs | 3 | by Staff reporter
Old Mutual adopts hyperinflationary accounting for its Zimbabwe unit
SOUTH AFRICAN-HEADQUARTERED insurance company, Old Mutual Limited (OML) says it will apply hyperinflationary accounting for its Zimbabwe business unit in light of the runaway inflation plaguing the ec...Published: 23 Aug 2019 at 07:44hrs | | by Staff reporter
Mnangagwa dragged into Mphoko, Zacc fight
FORMER Vice-President Phelekezela Mphoko, who stands accused of abuse of public office, has dragged President Emmerson Mnangagwa into his case, saying the Zanu-PF leader in 2015 made a similar act whe...Published: 21 Aug 2019 at 12:00hrs | 1 | by Staff reporter
Mphoko flees poisonous injection
Zimbabwe's former vice president on Monday fled from anti-corruption after being tipped off that if he is detained, he will be injected with a poisonous substance.Phelekezela Mphoko, 79, who s...Published: 19 Aug 2019 at 21:17hrs | | by Staff reporter
BREAKING: Mphoko on the run
The Zimbabwe Anti-Corruption Commission (Zacc) spokesperson John Makamure says Former VP president Phelekezela Mphoko is on the run."Mphoko was supposed to meet ZACC officials but he sped off ...Published: 19 Aug 2019 at 15:59hrs | | by Staff reporter
BREAKING: Phelekezela Mphoko appears in court
Reports from the Magistrates Court indicate that Former Vice President Phelekezela Mphoko arrived on Monday morning to answer allegations of corruption. He was accompanied by lawyer Zibusiso N...Published: 19 Aug 2019 at 12:29hrs | | by Mandla Ndlovu
Mphoko hits back at Mnangagwa's Zacc
FORMER Vice-President Phelekezela Mphoko yesterday rubbished claims that he refused to co-operate with the Zimbabwe Anti-Corruption Commission (Zacc) officers on Friday, but instead, accused the latte...Published: 19 Aug 2019 at 07:38hrs | | by Staff reporter
Choppies battle heads for EGM
The boardroom battle for Botswana and JSE-listed Choppies Enterprises Ltd, is heading for resolution by shareholders at an Extraordinary General Meeting (EGM) in Gaborone on 4 September 2019.C...Published: 15 Aug 2019 at 21:10hrs | | by Staff reporter
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