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Suspended Nssa boss mired in US$353 000 luxury cars scandal
SUSPENDED National Social Security Authority (Nssa) boss Arthur Manase was removed partly due to a scandal over two top-of-the-range cars valued US$353 000 which he bought in violation of company poli...Published: 28 May 2023 at 17:22hrs | 1248 | by Staff reporter
Mnangagwa in spotlight over the massive Nssa corruption
THE National Social Security Authority (Nssa) has presented its forensic audit which unearths corruption and names individuals implicated in the pensions fund's latest scandals to the Office of the Pr...Published: 22 May 2023 at 08:11hrs | 3071 | by Staff reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 1348 | by Staff Reporter
'Mthuli Ncube, John Mangudya must resign'
OPPOSITION political parties have demanded that Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya resign, accusing them of crafting anti-poor policies that are wo...Published: 29 Jun 2022 at 07:49hrs | 3192 | by Staff reporter
Time to offer title deeds for Rural Dwellers
According to the world bank ,"Secure property rights and efficient land registration institutions are a cornerstone of any modern economy". This gives confidence to the national individuals and busine...Published: 09 Jun 2022 at 11:58hrs | 1101 | by Engineer Jacob Kudzayi Mutisi
CBZ Bank introduces payday loans
CBZ Bank has introduced an instant loan facility called Payday loan. The facility is open to CBZ clients and is disbursed within 24 hours. CBZ Bank introduced the product after realisation that client...Published: 03 Sep 2021 at 19:54hrs | 19 | by Staff reporter
Access to NMBConnect now free on Econet lines
Econet customers can now access NMBConnect, NMB Bank's Digital Branch, free of data costs. This was announced today by NMB Bank chief executive Ben Washaya, who said work was underway to conclude a si...Published: 15 Jun 2021 at 13:40hrs | 23 | by Agencies
Zanu-PF bigwigs in fresh trouble
THE Zimbabwe Anti-Corruption Commission (Zacc) has launched a fresh investigation into allegations that Zanu-PF bigwigs unjustly benefited from lengthy leases from the ailing Cold Storage Company (CSC...Published: 01 Apr 2021 at 07:27hrs | 600 | by Staff reporter
Govt defends varsity fees hike
THE government has defended the increase in tuition fees by higher learning institutions despite disgruntlement by hard-pressed parents and guardians. This comes as the authorities granted pol...Published: 22 Mar 2021 at 15:38hrs | 11 | by Staff reporter
Mnangagwa's govt fails to buy security vehicles
MORALE in the security services may soon hit rock bottom as the government battles to plug a massive backlog of personal service vehicles for senior officers amid deteriorating working conditions, The...Published: 27 Feb 2021 at 19:00hrs | 17 | by Staff reporter
Registration for civil servants' loan fund starts
CIVIL servants have been given until end of this month to register for the $75 million Government Employees Mutual Savings (GEMS) loan fund, which aims to improve public workers' livelihoods through f...Published: 21 Feb 2021 at 06:57hrs | 2 | by Staff reporter
Council splashes US$480k on chefs' cars
CHIREDZI Rural District Council (RDC) has pampered its six top executives with top-of-the-range Toyota Hilux GD-6 double-cab vehicles at a time service delivery has plunged to unprecedented levels....Published: 07 Jan 2021 at 08:23hrs | 18 | by Staff reporter
AG raises red flag on CSC payroll system
COLD Storage Company (CSC) management was evading tax, prejudicing the Zimbabwe Revenue Authority (Zimra) of potential revenue, a recent forensic audit shows.The audit report by Auditor-Genera...Published: 30 Dec 2020 at 07:35hrs | 6 | by Staff reporter
Make a difference: helping your parents financially, amidst tough times
The older you become, the more roles you need to take on. For many South Africans, this includes financially taking care of your elderly parents. While every child wishes to help their parents during ...Published: 24 Nov 2020 at 12:46hrs | 22 | by Staff writer
How to recover after getting rejected for a personal loan
A lender turning down your personal loan application can be a serious blow to your finances. If it was your last option, you'll be in a more difficult position, especially if the situation is urgent s...Published: 06 Sep 2019 at 06:10hrs | 600 | by Staff Reporter
Personal Loans: Online Application| Fast, Cheap And Easy
Online loans are one of the solutions the younger generation preferred. The capability of moving money over the network or on the web saves time and is easier to make comparisons. The feedback usually...Published: 02 Aug 2019 at 15:57hrs | 1709 | by Tiffany Wagner
PSMAS under probe
MR Tabani Mpofu - a renowned lawyer who leads the crack unit - confirmed the probe. He said: "We have received complaints of corruption allegations against PSMAS. We have referred the matter t...Published: 07 Apr 2019 at 14:35hrs | 2008 | by Staff reporter
Teen attempts to steal MP's vehicle
A HARARE teenager was arrested yesterday while trying to steal Member of Parliament Killer Zivhu's car using Senator Josiah Hungwe's name.The 18-year-old - Kingsolom Mlambo - communicated to t...Published: 04 Feb 2019 at 15:01hrs | | by Staff reporter
Empower Bank to open branch in Bulawayo
EMPOWER Bank has secured office space and recruited personnel in Bulawayo in readiness for the opening of the branch on a date to be advised. The new offices are at the Exchange Building situa...Published: 12 Dec 2018 at 05:24hrs | 712 | by Staff reporter
5 Important steps to take when starting your own gym
When you reach your own optimum level of fitness, it's only natural to want to share you working out expertise with others. You have two options when following this calling in life: you could become a...Published: 12 Nov 2018 at 14:28hrs | 1552 | by Sports Reporter
ZB in talks for $30m line of credit
ZB Financial Holdings (ZBFH) is in talks with a regional bank for a $30 million line of credit, which will enable ZB Bank, its commercial banking subsidiary, to support international transactions....Published: 25 Sep 2018 at 07:27hrs | 335 | by Staff reporter
Zinara fires CEO over corruption
ROAD administrator, Zimbabwe National Roads Administration (Zinara) wielded the axe on chief executive officer Nancy Masiyiwa-Chamisa on Thursday as the corruption scandal rocking the parastatal reach...Published: 23 Jun 2018 at 06:40hrs | 1369 | by Staff Reporter
Charges against Zimdef chief executive dropped
CRIMINAL charges against Zimdef chief executive Mr Fredrick Mandizvidza were yesterday dropped and he will now testify against former Deputy Minister of Higher and Tertiary Education Godfrey Gandawa a...Published: 22 May 2018 at 06:21hrs | 345 | by Staff reporter
Grace Mugabe $1,4m ring saga rages on
SELF-EXILED Lebanese national Jamal Joseph Ahmed, who is embroiled in a $1,4 million diamond ring wrangle with former First Lady Grace Mugabe, was last week handed a lifeline after the High Court allo...Published: 29 Nov 2017 at 05:20hrs | | by Staff reorter
Grace Mugabe's 'diamond ring debtor' slapped with $1.4m default judgment
LEBANESE businessman Jamal Joseph Ahmed, who is embroiled in a $1,4 million diamond ring wrangle with First Lady Grace Mugabe, has been slapped with a $1,475 million default judgment after failing to ...Published: 06 Sep 2017 at 06:49hrs | | by Staff reporter
Car smugglers hunt for draught animal power - $400 for a donkey
IN most villages in Beitbridge district, donkeys are used majorly as a source of draught power. These are used for tillage, drawing carts, fetching firewood and other household chores.Donkeys ...Published: 03 Sep 2017 at 12:33hrs | | by Thupeyo Muleya
Zimbabwe's credit bureau takes shape
THE Reserve Bank of Zimbabwe's efforts to set up the Credit Reference Bureau (CRB) has received a major boost after banks submitted information on 90% of their loans to the registry as the central ban...Published: 09 Jul 2017 at 08:05hrs | | by Staff reporter
More problems for Jonathan Moyo - report
THE Zimbabwe Anti-Corruption Commission has opened tax evasion investigations into Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo and his deputy, Dr...Published: 02 Jul 2017 at 10:44hrs | 2190 | by Staff reporter
Cuthbert Dube still faces prosecution
The Zimbabwe Anti-Corruption Commission (ZACC) says former Premier Service Medical Aid Society (PSMAS) group chief executive Dr Cuthbert Dube is not yet off the hook as the anti-graft body has gathere...Published: 13 Jun 2017 at 06:24hrs | 228 | by Staff reporter
No fraud case found against Cuthbert Dube
The Zimbabwe Anti-Corruption Commission (ZACC) has cleared former Premier Services Medical Aid Society group chief executive Dr Cuthbert Dube and his board of any wrong-doing during their tenure of of...Published: 07 Jun 2017 at 06:10hrs | 403 | by Staff reporter
Grace Mugabe 'diamond ring dealer' in trouble
Lebanese national Jamal Joseph Hamed, who is embroiled in a $1,4 million diamond ring row with First Lady Grace Mugabe, has been dragged to court by local businessman Ahmed Abass Ahmed over $1,475 mil...Published: 12 May 2017 at 05:55hrs | 455 | by Staff reporter
Resilient FNB bank a jewel in SA
Johannesburg - First National Bank ("FNB") is a registered commercial bank and one of the biggest four banks in South Africa. It is the oldest bank in South Africa, having been established in 1838 and...Published: 14 Apr 2017 at 22:20hrs | 968 | by Vusumuzi Moyo
'Fugitive' fires back at Jonathan Moyo
THE Zimbabwe Anti-Corruption Commission acquired documents used in the fraud investigation against Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moy...Published: 05 Mar 2017 at 09:11hrs | | by Staff reporter
Grace Mugabe - The First Lady from Hell
The on-going saga surrounding the multi-million lavish lifestyle of the First Lady, Grace Mugabe, clearly shows that her greediness has reached alarming and unacceptable levels as she has become the b...Published: 23 Jan 2017 at 18:03hrs | | by PDP
Jonathan Moyo's woes deepen
INVESTIGATORS probing how a Cabinet minister and his deputy allegedly abused US$430 000 belonging to the Zimbabwe Manpower Development Fund (Zimdef) say they are also looking into other "questiona...Published: 16 Oct 2016 at 08:13hrs | | by Staff reporter
Mugabe no longer in charge, gukurahundists now in charge
Mthwakazi Republic Party Information Department in South Africa said they have been following professor Jonathan Moyo's so called fraud case with a kin interest and they have also been following ZANU ...Published: 15 Oct 2016 at 20:38hrs | | by Stephen Jakes
Jonathan Moyo saga: Zacc reveals bank details
Not a single cent of money allegedly siphoned from the Zimbabwe Manpower Development Fund (Zimdef) by Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan ...Published: 14 Oct 2016 at 10:42hrs | | by Staff reporter
Probe into Jonathan Moyo - details
THE Zimbabwe Anti-Corruption Commission wants to interview Higher and Tertiary Education, Science and Technology Minister Professor Jonathan Moyo; his deputy Dr Godfrey Gandawa; and three other pu...Published: 09 Oct 2016 at 07:37hrs | 982 | by Staff reporter
Jonathan Moyo faces fraud charges
As Zanu-PF's deadly factional and succession wars continue to burn red hot, it has emerged that Higher Education minister Jonathan Moyo and his deputy Godfrey Gandawa are facing serious fraud, mon...Published: 08 Oct 2016 at 09:29hrs | | by Staff reporter
Jonathan Moyo's name used to defraud Zimdef
Zimbabwe Manpower Development Fund (zimdef) chief executive officer Fredrick Mandizvidza allegedly used the name of Higher and Tertiary Education Minister Professor Jonathan Moyo to defraud the parast...Published: 02 Sep 2016 at 06:33hrs | | by Court Reporter
Zimra plots raids
MOTORISTS who fraudulently imported vehicles into the country have two months to regularise the imports or risk losing their cars.On September 30, the Zimbabwe Revenue Authority (Zimra) will s...Published: 27 Jul 2016 at 08:04hrs | | by Pamela Shumba
MBCA launches product tailored to meet needs women
MBCA Bank has launched a product tailored to meet the needs of a diverse group of women in the country. MBCA spokesperson Dedrey Mutimutema said the bank had researched and analysed women's ne...Published: 22 Jul 2016 at 06:01hrs | 541 | by Business Reporter
Deadline for Zimra forensic audit extended
The forensic audit on the pay and benefits of Zimbabwe Revenue Authority senior executives is ongoing, and will now be completed at the end of the month, after officials failed to meet the June 30 dea...Published: 09 Jul 2016 at 08:27hrs | | by Freeman Razemba
Zimra to probe executive payroll
A forensic audit soon to be initiated by the Zimbabwe Revenue Authority will be centred on executive payroll and packages including secondment of Zimra staff, personal loans advanced to executives and...Published: 25 May 2016 at 07:01hrs | | by Business Reporter
Cross hails Sunday Mail for exposing corruption in the police force
MDC-T Bulawayo South MP Eddie Cross has hailed the Sunday Mail for exposing corruption in the circles of power in the police force a development which saw two journalists being arrested.Speaki...Published: 21 Nov 2015 at 07:44hrs | | by Stephen Jakes
Cuthbert Dube shares $22m with PSMAS bosses
ELEVEN Premier Service Medical Aid Society executives, led by former group CEO Dr Cuthbert Dube, splurged US$22,8 million in "executive allowances" outside the payroll and evaded tax, resulting in the...Published: 20 Sep 2015 at 15:32hrs | 5134 | by Staff Reporter
CABS introduced new product for paid-up clients
ZIMBABWE'S biggest mortgage lender, CABS, has introduced a new product, Equity Release finance which allows paid up customers to re-borrow 50% of the value of the paid up properties over a five-year p...Published: 05 Jan 2015 at 05:17hrs | 7244 | by Business Reporter
Woman uses friend's house to get loan
A HARARE woman who fraudulently registered her neighbour's property as surety and obtained a personal loan of $9 150 from a local money lender escaped a jail term on Monday after the court ordere...Published: 20 Aug 2014 at 07:14hrs | 2645 | by Staff reporter
Micro Loan financiers swindling desperate Zimbabweans
With the Zimbabwean economy getting more dire and the formal sector dying a slow natural death, Zimbabweans are resorting to informal sector trading and incidentally falling prey to several con ar...Published: 19 Jun 2014 at 16:21hrs | 5447 | by Staff Reporter
SA company wins bid to buy Homelink
ADDAX Trading, a South African-based company has won the bid to buy Homelink Private Ltd for $22 million, sources familiar with the transaction said.The company won the bid ahead of other cont...Published: 16 May 2014 at 07:07hrs | | by Martin Kadzere
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