November 26, 2024
Zuma ignited considerable ructions within ZANU-PF following a hard-hitting report he submitted in March at the SADC Troika summit held in Livingstone, Zambia, that subtly tore into the liberation party and called for reforms.The South African leader's facilitation team has also been at loggerheads with ZANU-PF over its…
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…
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…
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…
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…
The condemned COMOIL-operated fuel depot in Sunning-dale, which is less than 100 metres from where a fuel tanker burst into flames last week, killing at least four people and leaving scores injured, was ordered to close two weeks ago.But sources within council said they were shocked to see…
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…
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…
Under the first tranche, which raised US$300 million in November last year, the development finance institution (DFI) structured lines of credit for over 10 Zimbabwe banks as well as hotels and other industries.PTA Bank president, Michael Gondwe, said the Nairobi-based multilateral lender, which set up a local office…
Documents seen by this newspaper indicate that the Ministry of Finance, presided over by the MDC-T secretary-general, Tendai Biti, was the lead broker for financial terms for the deal, and is principally cited as the borrower under a facility that has angered Zimbabweans currently battling high taxation and…
