Old Mutual – newzimbabwevision

Shock As,Harare City Council Destroys Old Mutual Constructed Houses Near Eastlea At Midnight

Posted on June 27, 2016June 27, 2016 by newzimbabwevision

Harare City Council has reportedly destroyed several house constructed by the Old Mutual close to Eastlea amid revelations most of the structures were build illegal. According to sources the houses were destroyed midnight yesterday much to the surprise of the residents amid accusations that some war veterans were behind the demolitions. Some of the houses were build by the Old Mutual and the council deemed them as illegal structures.Harare residents Trust said the demolitions were…

Zimra Revenues Fall As Company Executives Divert Earnings To Individual Accounts

Posted on October 30, 2015 by newzimbabwevision

THE Reserve Bank of Zimbabwe (RBZ) yesterday made shocking revelations that company executives were diverting earnings to individual accounts to dodge the tax collector. RBZ governor, John Mangudya’s remarks at the Confederation of Zimbabwe Industries (CZI) meeting to unveil the Manufacturing Sector Survey report for 2015 stunned guests, as it brought to the fore the cat-and-mouse games between companies battling to preserve scant earnings and the Zimbabwe Revenue Authority (ZIMRA) struggling to meet revenue targets….

60yrs on, Rio Tinto Plc sells diamond & coal mining assets to RZ Murowa Holdings, & withdraws

Posted on June 27, 2015 by newzimbabwevision

GLOBAL giant Rio Tinto Plc on Friday announced the sale of its diamond and coal mining assets in Zimbabwe to RZ Murowa Holdings, marking the withdrawal of one the world’s iconic mining firms from the country after a 60 year presence. Before the announcement, Rio owned 78 percent of the Murowa diamond mine in central Zimbabwe and 50 percent of the undeveloped Sengwa coal project. Rio’s Zimbabwean spin-off, RioZim, owns 22 percent of Murowa and…