Business – Page 549 – newzimbabwevision

Mandatory Unleaded Petrol Blending Ratio Up From 10-15 Percent In Zimbabwe

Posted on July 4, 2015 by newzimbabwevision

Government has increased the mandatory blending ratio of unleaded petrol from 10 percent ethanol to 15 percent with immediate effect following significant improvement in supplies of ethanol from Green Fuel. The move is likely to see a decrease in the pump price of the blend which is currently pegged between $1,46 and $1,53 per litre, depending on location. Energy and Power Development Minister Dr Samuel Undenge announced the new ratios in a Government Gazette published…

Parastatals Board Members, Face Dismissal As Government Stems corruption’

Posted on July 4, 2015 by newzimbabwevision

Board members of several parastatals face imminent dismissal as Government flexes its muscle to stem corruption through the National Code on Corporate Governance. This week alone, board members from three parastatals were fired for corruption, gross abuse of financial resources and poor corporate governance. The code, which came into effect in April, provides a framework for corporate conduct for both the public and private sectors focusing mainly on issues of corruption, corporate disclosure, communication and…

‘Zimbabwe must continue to fight poverty, unemployment & inequality ‘ Thomas Mapfumo (70)

Posted on July 4, 2015 by newzimbabwevision

THE people of Zimbabwe must continue to fight poverty, unemployment and inequality “to give meaning to the years of sacrifice during the liberation struggle”, exiled music guru Thomas “Mukanya” Mapfumo has said in a statement marking his 70th birthday. The Lion of Zimbabwe, as Mapfumo is known by his legion of fans, has, since the days of the liberation struggle, used his music to highlight the injustice, corruption, grinding poverty, human rights violation and economic decline…

Farmer Tendai Tidings Musasa In Court For Donating Stolen Elephant Carcass To Mugabe

Posted on July 4, 2015 by newzimbabwevision

A PROMINENT farmer who, in February this year, pledged to donate wild animals towards President Robert Mugabe’s birthday bash, has appeared in court for allegedly stealing an elephant carcass which he intended to give as a gift. The carcass, weighing 950kg was given to Woodlands Farm Community by Parks and Wildlife Management Authority after they shot a problem elephant on February 25 but Tendai Tidings Musasa allegedly stole it and gave it to President Mugabe….

Massive R4m (US$330 000) Ivory From Zimbabwe Seized At OR Tambo International Airport

Posted on July 4, 2015July 4, 2015 by newzimbabwevision

A SHIPMENT of ivory worth R4 million (US$330 000) was intercepted at Johannesburg airport on its way from Zimbabwe to Vietnam, South African officials said Friday, hailing it as one of the biggest recent finds. The 267 kilogram haul was hidden in boxes wrapped in plastic and labelled as handicrafts. “A full inspection of the boxes led to customs officials discovering ivory tusks amongst shredded paper,” the customs service said in a statement, valuing the…

Fired workers accuse Green Fuel management ‘ Chisumbanje Ethanol Plant’ of racism

Posted on July 3, 2015 by newzimbabwevision

THE white management at Green Fuel, popularly known as Chisumbanje Ethanol Plant, has been labelled ‘racist’ by workers who said they were fired without any salaries and benefits. At a press conference held Thursday in Harare, dismissed drivers accused the management of instilling fear in workers and overworking them without salaries and benefits. The 25 drivers said it was hell working for the company. “I was a truck driver with Green Fuel since June, 2013…

Temba Mliswa’s Property Attached Over US$3 Million Commercial Bank loan

Posted on June 30, 2015 by newzimbabwevision

Property worth thousands of dollars belonging to former Zanu-PF Mashonaland West provincial chairman Temba Mliswa was yesterday attached by the deputy sheriff at his Spring Farm in a bid to recover nearly $3 million owed to a local commercial bank. The deputy sheriff went to Mliswa’s Spring Farm in Karoi at around 8am yesterday. A 48-hour moratorium is provided before the property is taken away and sold to recover the money owed. The attached property…

Top (RBZ) executives on US$780,000 fraud charges , bailed but remain in detention

Posted on June 28, 2015 by newzimbabwevision

THREE top Reserve Bank of Zimbabwe (RBZ) executives accused of $780,000 fraud, were last week granted bail despite opposition from prosecutors who say they were a flight risk. However, they all remained in custody after the State invoked a legal provision that suspends bail pending appeal. Fidelity Printers and Refiners chief operating officer, Godknows Hofisi, 41, finance director, Tinashe Wellington Mbengegwi, 35, and finance manager, Ronald Madhara, 47 were granted $1,000 bail each by Harare…

‘Mugabe doesn’t care about war vets’ says former war veterans’ leader Jabulani Sibanda

Posted on June 28, 2015 by newzimbabwevision

Firebrand former war veterans’ leader Jabulani Sibanda has lashed President Robert Mugabe and his ruling Zanu-PF party for allegedly failing to look after the welfare of former liberation war fighters. Speaking in an interview with the Daily News yesterday, Sibanda said the failure by the government to pay school fees for the children of war veterans was clear testimony that the nonagenarian and the ruling party did not care about the welfare of ex-combatants and…

Zim businessman wrest control of his R4m Rolls Royce Ghost from SA authorities

Posted on June 28, 2015 by newzimbabwevision

Zimbabwean businessman Frank Buyanga has thumbed his nose at South African authorities, including the South African Revenue Services (SARS) and the police, after wresting control of his R4 million Rolls Royce Ghost. This comes after a protracted four-year battle between the Pretoria authorities and the maverick businessman, and in which the posh car was controversially auctioned in March by Tom Moyane’s organisation. When the Auto Haus Car Hire (Auto Haus)-owned Rolls Royce was sold off…

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