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Chivayo flaunts wealth with new US$400,000 Rolls-Royce

Zimbabwean businessman Wicknell Chivayo, known for his flamboyant displays of wealth and deep political connections, has once again sparked public outrage after splurging more than US$400,000 on a brand-new Rolls-Royce Cullinan - just days…

Published: 20 Jun 2025 at 07:20hrs | 1653 | by Staff reporter

Wicknell Chivayo: A symbol of wealth, controversy, and economic imbalance in Zimbabwe

In Zimbabwe, Wicknell Chivayo has become a household name, renowned for his extravagant lifestyle. From lavishly distributing luxury vehicles to reportedly acquiring a private jet, his wealth and ambition to become a billionaire have captu…

Published: 28 May 2025 at 10:24hrs | 97 | by Staff reporter

Mnangagwa's new land tenure system touted as key to wealth creation

Zimbabwe's new land tenure system is being hailed as a game-changer for economic transformation and wealth creation, with calls for citizens â€” especially the youth - to seize the opportunities it presents.Speaking in Masvingo yesterday d…

Published: 24 May 2025 at 09:03hrs | 131 | by Staff reporter

'Chivayo's source of wealth must be investigated'

Former legislator and opposition activist Amos Chibaya has called for a thorough investigation into businessman Wicknell Chivayo's source of wealth, stating that the probe is long overdue. Chibaya raised the concern while speaking to NewZi…

Published: 08 May 2025 at 09:55hrs | 900 | by Staff reporter

CCC MP faces legal setback in challenge against wealth tax

Marondera Central opposition legislator Mr. Caston Matewu has suffered a legal defeat in his attempt to challenge the Government's wealth tax, which was introduced in the 2024 National Budget and has been in effect since December 2023.The …

Published: 17 Dec 2024 at 06:30hrs | 344 | by Staff reporter

Where does the Wealth of Wicknell Chivhayo come from?

In Zimbabwe, the name Wicknell Chivhayo often makes headlines, but for all the wrong reasons. Known for his extravagant lifestyle and generous philanthropic gestures, Chivhayo has gained a reputation as a wealthy businessman and socialite.…

Published: 12 Oct 2024 at 13:19hrs | 1638 | by Engineer Jacob Kudzayi Mutisi

Bulawayo teen in ritual wealth scam

A bizarre and unsettling incident has unfolded in Lobengula West, Bulawayo, where a 16-year-old Form Four student allegedly stole R1 000 and US$230 from his parents to pay a self-proclaimed "godfather" in Ghana for ritualistic umuthi (medi…

Published: 04 Oct 2024 at 17:19hrs | 1561 | by Staff reporter

Bulawayo teen in ritual wealth scam

A bizarre and unsettling incident has unfolded in Lobengula West, Bulawayo, where a 16-year-old Form Four student allegedly stole R1 000 and US$230 from his parents to pay a self-proclaimed "godfather" in Ghana for ritualistic umuthi (medi…

Published: 04 Oct 2024 at 17:14hrs | 961 | by Staff reporter

ZSE outshines VFEX in wealth creation

The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX), according to trading experts. The ZS…

Published: 26 Sep 2024 at 13:37hrs | 64 | by Staff reporter

Plot to hide ex-CIO boss's vast wealth

Allegations have surfaced that the widow of the late Maynard Muzariri, deputy director general of the Central Intelligence Organisation (CIO), deliberately underestimated the value of his assets, potentially disadvantaging both the state a…

Published: 26 May 2024 at 13:44hrs | 31 | by Staff reporter

Comedians target 'wealth' around Wicknell Chivayo

COMEDIANS Doc Vikella and Bhutisi, known for their ties to Zimbabwe's ruling party Zanu-PF, are trying to get a piece of the action from big spender Wicknell Chivayo. Doc Vikella is known for imitating President Emmerson Mnangagwa since hi…

Published: 31 Mar 2024 at 16:30hrs | 1 | by Staff reporter

Tagwirei amassed his wealth through legal means

Former opposition politician Eddie Cross has defended Zanu-PF-affiliated business magnate Kudakwashe Tagwirei, asserting that the billionaire's wealth was accumulated through lawful means.Tagwirei's financial success was primarily driven b…

Published: 25 Mar 2024 at 06:31hrs | 28 | by Staff reporter

ZACC swoops on VID officer to explain wealth

The Zimbabwe Anti-Corruption Commission (ZACC) yesterday swooped on a senior Vehicle Inspectorate Department (VID) officer deployed to Beitbridge and ordered him to explain how he became a business tycoon owning seven houses, a lodge and s…

Published: 07 Feb 2024 at 04:39hrs | 3 | by Staff reporter

100 Zimbabweans probed over US$70m ill-gotten wealth

Over 100 individuals suspected of acquiring assets worth US$70 million through money laundering and illicit financial activities are currently under investigation. The National Prosecuting Authority (NPA) has initiated the process of confi…

Published: 22 Oct 2023 at 09:15hrs | 4 | by Staff reporter

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 cattle.The  Ankole cattle are  o…

Published: 21 May 2023 at 08:14hrs | 14 | by Staff reporter

Zimbabwe MPs push for wealth tax

LEGISLATORS have urged Finance minister Mthuli Ncube to introduce a wealth tax to increase the country's revenue base and bolster social safety nets.Contributing to debate on the Finance Bill in the National Assembly on Tuesday, chairperso…

Published: 08 Dec 2022 at 05:08hrs | 6 | by Staff reporter

Top govt official in trouble over â€˜questionable' wealth

THE Ministry of Finance and Economic Development has suspended senior official Marcos Nyaruwanga to pave way for investigations to ascertain his source of wealth as a public official, the Zimbabwe Independent reported.This comes after the …

Published: 24 Oct 2022 at 18:33hrs | 10 | by Staff reporter

Zacc fails to recover stolen US$7 billion

PRESIDENT Emmerson Mnangagwa's anti-corruption fight has been exposed as nothing but hot air following revelations that less than US$2 million out of identified US$7 billion ill-gotten wealth stashed outside the country has been recovered …

Published: 28 Aug 2022 at 08:18hrs | 1 | by Staff reporter

Ex-defence official asked to explain wealth

THE National Prosecuting Authority continues to press those suspected of acquiring wealth through corruption and other criminal activity to explain how they have bought their houses and cars, with the latest being a former accountant in th…

Published: 25 Aug 2022 at 06:31hrs | 1 | by Staff reporter

Zacc probes 22 cases of unexplained wealth

THE Zimbabwe Anti-Corruption Commission (ZACC) is investigating 22 cases of unexplained wealth involving externalisation of more than US$22 million. In a statement, ZACC said it was closely working with regional counterparts to follow up o…

Published: 15 Jun 2022 at 07:30hrs | 4 | by Staff reporter

Chihuri wealth inquiry opens

The inquiry seeking explanation from former police Commissioner-General Augustine Chihuri on the sale of five properties that were part of the family's large property portfolio opened at the High Court this week.Chihuri is being accused of…

Published: 26 Mar 2022 at 06:11hrs | 3 | by Staff reporter

Chihuri's wealth case deferred

The hearing of the State's application for former police Commissioner-General Augustine Chihuri to explain how he sold five properties that were part of the family's large property portfolio, in what is seen as a rapid unloading of assets …

Published: 10 Mar 2022 at 05:51hrs | | by Staff reporter

NPA targets US$50m ill-gotten properties

THE Asset Forfeiture Unit at the National Prosecuting Authority (NPA) has lodged six High Court applications to seize assets from individuals who allegedly acquired them through proceeds of crime.The individuals reportedly accumulated vast…

Published: 30 Jan 2022 at 08:16hrs | 2 | by Staff reporter

Zacc recovers US$7 million in unexplained wealth

The Zimbabwe Anti-Corruption Commission has recovered more than US$7 million worth of assets in unexplained wealth as the anti-graft body continue to hunt down proceeds of corruption for eventual seizure and prosecution before the courts.T…

Published: 02 Dec 2021 at 15:47hrs | 9 | by Staff reporter

Police seek to seize ill-gotten assets

Police are now seeking to apply the law to seize and impound cars and other property used to commit crimes and property believed to have been bought through proceeds of crime by seven suspected serial armed robbers linked to alleged gang l…

Published: 11 Jun 2021 at 06:28hrs | 2 | 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 ZW$640 million (Us$7,8 million), it has…

Published: 04 Dec 2020 at 07:27hrs | 18 | by Staff reporter

Businessman sleeps with own mother to boost wealth

A businessman from Chiyanga Village under Chief Chireya stunned villagers after confessing that he sleeps with his own mother to boost their family business.The man, Tadiwa Rushungo (37), shocked all and sundry when he revealed that he has…

Published: 24 Aug 2019 at 09:26hrs | 12 | by Staff reporter

Unexplained wealth orders here to stay

THE proposed introduction of a free-standing procedure which compels an individual to explain the source of his wealth is a radical development in English law. For instance, the human rights and political implications of the unexplained we…

Published: 12 Jul 2019 at 08:03hrs | | by Prosper Simbarashe Maguchu

Jonathan Moyo must be puking as Strive Masiyiwa's fortune rises to US$2.3bn

exiled Former G40 Kingpin Professor Jonathan Moyo last week made a jibe on telecommunications guru Strive Masiyiwa saying that Masiyiwa is a Bond-note billionaire, a reference to the local currency that is used in Zimbabwe.According to a r…

Published: 15 Jan 2019 at 20:25hrs | 18 | by Staff reporter

South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apartheid.In a combative interview on Johann…

Published: 06 Dec 2018 at 06:15hrs | 4 | by Bloomberg

'Zimbabwe's wealth should be enjoyed by everyone'

THE country's wealth should be enjoyed by every citizen regardless of race, colour or creed as we are all one people, Zanu-PF Senator for Bulilima-Mangwe, Simon Khaya Moyo, said yesterday. He told hundreds of party supporters at Manguba bu…

Published: 23 Jul 2018 at 06:49hrs | 2 | by Staff reporter

Buy local to restore Zimbabwe's wealth, pride

The Buy Local message is an ongoing call to action for the public and private sector, all businesses in the country, all government entities and ordinary consumers to restore a Zimbabwe with pride, wealth and jobs.Buy Zimbabwe is recognise…

Published: 05 Apr 2018 at 06:58hrs | 4 | by Vandudzai Zirebwa

Prophet Bushiri will share wealth advice - if you are willing to pay up to R5â€š500

Preachers are hosting a conference for people who want to make money and learn how to sustain their wealthâ€š but this service is not for free.People from across the continent are expected to gather at Gallagher Estate in Midrand for the P…

Published: 27 Mar 2018 at 06:30hrs | 2 | by Staff reporter

Haters not convinced by Obert Mpofu's defence

ANALYSTS yesterday ratcheted up pressure on Home Affairs minister Obert Mpofu, saying he should give a detailed account of how he acquired his wealth.Harare-based lawyer and MDC official Obert Gutu said more often than not, perception can …

Published: 23 Mar 2018 at 13:04hrs | 1 | by Staff reporter

Buyanga offers R1 billion for Zimbabwe's sovereign wealth fund

The African Medallion Group (AMG) says it has mobilised Rand 1 billion worth of gold assets, which can be leveraged to jump-start Zimbabwe's sovereign wealth fund (SWF).This also comes as the Johannesburg-based yellow metal processor's fou…

Published: 31 Jan 2018 at 06:21hrs | 4 | by Staff reporter

Chombo's vast property empire under the spotlight

FORMER finance minister Ignatius Chombo amassed vast tracts of prime land across the country by grabbing the 20% commonage land which developers are mandated by the Local Government Act to reserve for the construction of government premise…

Published: 08 Dec 2017 at 09:46hrs | 1 | by Staff reporter

The Mujurus wealth revealed

DETAILS of the late Retired General Solomon Mujuru's vast empire have started emerging despite concerted efforts by his widow, former Vice President Joice Mujuru, to conceal the riches, The Herald can reveal.Rtd Gen Mujuru died in August 2…

Published: 13 Mar 2017 at 12:10hrs | 2 | by Staff reporter

Mujuru lies about her wealth

Former vice president Joice Mujuru has opened up on her wealth, dismissing claims that she is superrich, with interests in the diamond-rich Chiadzwa fields, as a joke.Speaking on BBC's Hardtalk, the ex-top Zanu-PF official - turned Preside…

Published: 11 Mar 2017 at 12:02hrs | 1 | by Staff reporter

Transferring wealth to Zimbabweans

Our fear is that it will not be done properly by people who have the relevant expertise and experience.Between 2004 and 2006 all but a few indigenous banks in Zimbabwe faced significant political problems. Their founders where hounded out …

Published: 15 Aug 2013 at 09:46hrs | | by Vince Musewe

Zimbabwe's real wealth untapped

WE HAVE heard it all before. Zimbabwe has the second-largest platinum reserves in the world next to South Africa, the largest alluvial diamond reserves in the world, significant gold, chrome, coal and so on. Once upon a time it was a world…

Published: 04 Feb 2013 at 11:20hrs | | by Vince Musewe

MDC-T minister on Obert Mpofu's wealth

Deputy minister of Justice and Legal Affairs Obert Gutu had questioned Obert Mpofu's source of wealth after the Mines minister concluded the acquisition of troubled bank, ZABG.Mpofu recently bailed out the bank after agreeing to invest in …

Published: 17 Jun 2012 at 09:43hrs | 2 | by Staff reporter

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