November 28, 2024
THE mining industry is reeling from a plethora of challenges, including a tax regime that has stifled growth. Yet government still wants its pound of flesh from foreign-owned mining firms whom it accuses of plundering the country’s resources and doing nothing to benefit communities. The new Chamber of…
Paul Nyakazeya, Business Reporter ART Corporation’s negotiations with a South African company for a significant stake in the diversified conglomerate’s battery making subsidiaries will be concluded next month.As first reported by The Financial Gazette’s Companies & Markets in February this year, Art Corporation has been negotiating with First…
Tinashe Madava, Senior Reporter ZANU-PF bigwigs are incensed by a WikiLeaks style Facebook page and website run exposé under a pseudonym Baba Jukwa. Baba Jukwa is alleging all manner of evil machinations and diabolic shenanigans by ZANU-PF bigwigs some of which have been circulating in the rumour mill…
Clemence Manyukwe, Political Editor ATTORNEY General (AG) Johannes Tomana has prevailed in his bid to have the Attorney General’s Office Act amended in order to retain the independence of the government’s top lawyer. Tomana had been at loggerheads with Patrick Chinamasa after the Justice and Legal Affairs Minister…
Tinashe Madava, Senior Reporter FACING sharp criticism from civic and labour organisations that helped form the Movement for Democratic Change in 1999, Prime Minister (PM) Morgan Tsvangirai at the weekend moved to make amends with the electorate as he promised to put corruption and unemployment at the top…
Clemence Manyukwe, Political Editor HARARE mayor, Muchadeyi Masunda, has blamed previous council administrations for the city’s water crisis.Residents in Harare and its hinterland are going for days, if not weeks, without water, exposing them to diseases as they end up fetching the resource from unprotected sources.While claiming that…
“IT is impossible to realise our goals while discriminating against half the human race, as study after study has taught us, there is no tool for development more effective than the empowerment of women,” said Kofi Annan in 2006 when he was still the United Nations secretary general. While…
THE decision by the House of Assembly and the Senate to adopt the Constitutional Bill brings far reaching changes to the governance of the country and grants citizens greater say in the affairs of their country.The draft introduces term limits for the President, service chiefs, and permanent secretaries…
TelOne, the country’s fixed telecommunications network operator, is understood to have been rocked by a scandal involving the diversion of employee benevolent funds to a microfinance institution, prejudicing employees, The Financial Gazette’s Companies & Markets (C&M) can report.Well placed sources said the benevolent fund, from which workers benefited…
This deals another body blow to the minister who is under increasing pressure over his porous policies.In a report, the PLC said in crafting the regulations, the minister went beyond the powers vested in him by the enabling Act. The committee said the regulations sought to create a new…
