Business – Page 714 – newzimbabwevision

After farm invasions, now Mugabe’s Zanu PF war veterans threaten mines grab

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

Ex-freedom fighters will soon launch a crack-down on “unproductive” mines across the country with a view to taking them over, War Veterans Minister Christopher Mutsvangwa has threatenedAnalysts say this exercise is likely to target opponents of Zanu-PF including former VP Joice Mujuru who owns diamond mining claims in Mutare and members of her cabal who are heavily involved in the sector. The country has wrapped up dealing “with political problems and now focus should be…

‘Gershem Pasi’ blasts vendor economy, announces plans to tax super rich churches

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

“We are creating a generation that might never know formal employment and that would be wasted investment given the resources we have spent in their education.” ZIMBABWE’S tax collector has hit out at the country’s vendor economy as he announced plans to tax churches and their fabulously rich ‘prophets’ in an increasingly desperate bid to raise money for the government. Zimra boss Commissioner-General, Gershem Pasi, criticised the government’s “laid back” attitude in addressing the country’s…

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,…

« 1 … 712 713 714 715 716 »