March 28, 2024
The two-year terms of the governors and resident ministers appointed by President Robert Mugabe in August 2008 under controversial circumstances, expired at the end of August, but there have been no new appointments or re-appointments due to the persistent haggling over a catalogue of issues, including the appointments,…
The adverts, which were flighted in the Herald of September 10 and subsequently in The Sunday Mail at a total cost of US$860 caused a furore in the top echelons of the party as ZANU-PF officials queried Khaya Moyo’s agenda. The Financial Gazette understands that Khaya Moyo recently…
A spokesman for the conglomerate, which has retail and hotel interests in the country, said the partnership would target an ambitious 50 000 new account holders by December in a promotion that will be launched in October.“Winners can expect to walk away with bakkies, among other prizes,” said the…
Fifteen central bank governors and other apex bank officials from the Southern African Development Community (SADC) are attending the meeting.It is the first time that Zimbabwe has hosted the CCBG annual meeting.The governor of the Reserve Bank of Zimbabwe, Gideon Gono, said in a statement that among other…
Border Timbers Limited and Radar Holdings Limited, which have related shareholding, said high operating costs, largely driven by “unsustainable wage increases”, were eroding profitability.“It is sad to note that the cost of labour in Zimbabwe has become regionally uncompetitive,” said Radar Holdings in its shareholder statement early this…
Upon the lapsing of its notice on Tuesday, the union wrote to its members instructing them to embark on a 10-day go slow as they prepare for a sit-in to start on October 10, should the government fail to address their grievances.In a letter dated September 29 2010,…
Staff ReporterHARARE City Council’s land audit committee has rejected an out of court settlement with property magnate, Phillip Chiyangwa following reports that a deal to that effect was in the offing.The audit committee has petitioned Harare mayor, Muchadeyi Masunda not to backtrack on the matter at a time…
The Financial Gazette can exclusively reveal that the MDC-T has since passed a resolution to the effect that the movement’s third congress — where a new leader would be elected — would only be held after the holding of presidential elections, which both the premier and President Robert…
Last Friday, the beneficiaries of a controversial loan scheme run by Buyanga, branded a loan shark, held a meeting with the businessman where it was agreed that the latter would seek funds from a named financial institution to repay the businessman.Buyanga has been facing allegations of fleecing about…
President of the European Council, Herman van Rompuy, says they will only consider lifting sanctions against Zimbabwe’s President Robert Mugabe and senior government officials if the situation in the country improves.He was speaking during a joint media briefing with President Jacob Zuma in Brussels.“I would like to emphasise…