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Nkomo, Moyo under fire over Tekere heroism

Party insiders said Vice President John Nkomo and national chairperson, Simon Khaya Moyo, the two top former PF-ZAPU representatives under the 1987 Unity Accord Agreement, had failed to protect the interests of the region within ZANU-PF.There is a general feeling in Matabeleland that ZANU-PF was deliberately denying those…

SADC rejects Mugabe’s directive

The development has seen Mutambara's world slowly crumbling, and it appears there is little he can do about it as even a bid by Zanu-PF to prop him has failed.Prior to the weekend's Southern African Develop-ment Community (SADC) extraordinary summit on Zimbabwe, ZANU-PF told regional leaders that they…

Bank workers withdraw litigation

The deal, which ended the bickering that threatened to cripple the banking sector in the event of a strike action by bank employees, had forced Stanbic Bank workers to seek recourse from the Labour Court where their case has been outstanding since July 2010.A note to members signed…

Innscor under investigation

Backward integration is the vertical integration that involves the purchase of a supplier usually done to reduce supplier power and cut input costs.Market sources indicated that the preliminary investigations were meant to establish a prima facie case for a public enquiry into the diversified industrial conglomerate, which has…

Chinamasa, Goche defy ZANU-PF

This emerged as The Financial Gazette learnt from authoritative sources that some ZANU-PF hardliners have already started mobilising against Chinamasa and Goche with the intention of passing a vote of no confidence against the party's negotiators.A case is being built around the fact that the two party cadres…

Cabinet polarised

Another interesting observation captured in the report is that internal debate and discourse on sanctions slapped on President Robert Mugabe and more than 200 of his lieutenants by the European Union (EU) and the United States has also remained "extremely polarised".The report, part of a periodic review of…

Empowerment regulations illegal

The committee also ruled that bylaws enacted by the Harare City Council and Marondera Municipa-lity were also unconstitutional.The adverse report was submitted to Parliament last week.The empowerment regulations state that businesses that fail to submit indigenisation plans or provisional plans within 30 days of receiving a notice face…

ZANU-PF sticks to its guns

ZANU-PF officials told The Financial Gazette that the party had no reason to shift its course, setting the stage for a grueling encounter with South African President Jacob Zuma, the SADC-appointed mediator in the Harare crisis.Diplomatic sources claimed there was tension within the regional grouping ahead of the…

Fingaz maintains pole position

The survey targeted readers/viewers in 15 urban areas from which a total of 1 200 readers/viewers aged 15 years or more were drawn and interviewed.The sample was weighted to represent the Zimbabwe's total population of about 12,4 million in each of ZAMPS' four review categories for weeklies.The Financial…