Business – Page 748 – newzimbabwevision

3 Reserve Bank of Zimbabwe (RBZ), Senior excutives , face charges of US$780,000 fraud

Posted on June 26, 2015June 26, 2015 by newzimbabwevision

A RESERVE Bank of Zimbabwe (RBZ) unit has dragged three senior executives and an accomplice to court accusing them of stealing US$780,000 from the company. Fidelity Printers and Refiners is the RBZ’s currency printing firm and also the country’s sole buyer of gold. The three top executives – Godknows Hofisi, 41, Tinashe Wellington Mbengegwi, 35, Ronald Madhara, 47, – were not asked to plead when they appeared before Harare magistrate Vakai Chikwekwe charged with…

Confederation of Zimbabwe Industries (CZI) calls for ban on second hand clothing imports

Posted on June 24, 2015 by newzimbabwevision

ZIMBABWE’S manufacturing firms want government to consider banning the import of second hand clothes as part of reforms to protect the local industry, Parliament heard on Tuesday. Used clothes have flooded the domestic market, compounding the woes of a local textile industry on the verge of collapse. Industry experts say Zimbabwe has a market for 80 million garments but only 20 million of those are locally manufactured. Almost 90 percent of imported new clothes are…

Assistant commissioner, petitions , Kembo Mohadi to probe Augustine Chihuri

Posted on June 23, 2015 by newzimbabwevision

An assistant commissioner in the Zimbabwe Republic Police, who successfully appealed against both his sentence and conviction for allegedly facilitating the release of a fraud suspect, has petitioned Home Affairs minister Kembo Mohadi to probe his boss, Commissioner-General of Police Augustine Chihuri, on allegations of corruption and crime cover-up charges for senior officers within the institution. Assistant Commissioner (Operations) Gideon Baloyi made headlines last year after being slapped with a nine-month jail term for allegedly…

‘SA Police rob VP Mphoko’s wife of goods worth over R1million’

Posted on June 23, 2015 by newzimbabwevision

Men pretending to be police officers attacked and robbed the wife of one of Zimbabwe’s Vice-Presidents and other passengers of money and goods worth over R1 million in Johannesburg this weekend. Zimbabwe has two Vice-Presidents. The vehicle in which Laurinda Mphoko, the wife of Phelekezela Mphoko, was driving was stopped at the corner of Barry Hertzog Avenue and Empire Road in Parktown on Saturday. Mphoko was on her way to the Oriental Plaza in Joburg…

Nigel Chanakira’s Kingdom Bank Africa Limited faces liquidation

Posted on June 22, 2015 by newzimbabwevision

BOTSWANA’S central bank has been granted an order by the High Court in that country to liquidate Nigel Chanakira’s Kingdom Bank Africa Limited due to insolvency, the bank said on Friday. The Bank of Botswana announced that the period of temporary management of KBAL ended on May 18 and that due to insolvency, it had successfully applied for its liquidation at the High Court of Botswana and the order was granted on May 12. The…

Bulawayo city council defies gvt June 26 deadline and tells vendors to stay put

Posted on June 22, 2015 by newzimbabwevision

THE MDC-T run Bulawayo city council is spoiling for a fight with Government after top officials told illegal vendors to ‘relax’ at their illegal sites. Bulawayo mayor Martin Moyo told hundreds of vendors at a stakeholders meeting today at the Small city hall that the June 26 deadline would be impossible for them to meet by providing legal vending sites. As such Moyo said vendors should ‘relax’ at their illegal sites while BCC “works out…

‘Thomson Kachingwe’, Thomas Mapfumo’s former manager dies in Canada

Posted on June 21, 2015 by newzimbabwevision

Zimbabweans based in Canada are currently raising funds to repatriate to Zimbabwe the body of Thomson Kachingwe, a former manager of chimurenga music legend Thomas Mapfumo who passed away in Toronto on May 31. The body of the veteran 61-year-old music personality is expected to be flown to Zimbabwe next week. Kachingwe, who managed the Blacks Unlimited soon after independence, chauffeured reggae legend Bob Marley after his historic performance at Zimbabwe’s independence celebrations held at…

Kasukuwere awarded Brainworks gvt advisory, $100m deal , without tender

Posted on June 21, 2015 by newzimbabwevision

PRIVATE equity group, Brainworks Capital, expected to earn a healthy $100 million when it was contracted to advise the government in its bid to force foreign mining companies to comply with the country’s indigenisation laws. The company was awarded the deal by a department in the empowerment ministry then headed by Saviour Kasukuwere without going to tender. “It’s not our duty to know whether there was supposed to be tenders or not,” Brainworks’ chief executive,…

‘Harare’s S.Machel Avenue & Bulawayo J. Nkomo/Airport Road tollgate plans’.

Posted on June 21, 2015 by newzimbabwevision

Government has begun identifying roads for urban tollgates, and the first targets are Harare’s Samora Machel Avenue and Joshua Mqabuko Nkomo/Airport Road. Though the exact location of the tollgates is yet to be determined, it is understood these two were picked as they are trunk roads linking central Harare and other cities and towns. Information gathered by The Sunday Mail last week indicates the Harare tollgates will open before 2015 ends, and then more will…

A Harare man, consultant chemical engineer spends US$80 000 transforming into a woman

Posted on June 21, 2015 by newzimbabwevision

A Harare man has spent close to $80 000 transforming himself into a woman – including sex change. Tatelicious, born Tatenda Zenzo Karigambe was born in Budiriro. According to Sunday Mail, Karigambe has completed formalities with the Registrar-General’s Office and is now legally a woman . “I was confirmed a boy at birth, but I just had a male body with a female mind,” said Karigambe “I usually don’t want to reveal my age –…

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