November 26, 2024
These values, said chief executive officer, Thembinkosi Ndlovu, are lacking among established players.The launch of GreenCard, Ndlovu said, had been motivated by a desire to address these deficiencies.He said he would lead a team of professionals determined to restore professionalism and morality in the industry to arrest the…
There was no chance for a better deal as the parastatal was insolvent and reeling under a growing mound of domestic and external debts, Industry Minister Welshman Ncube said.The Essar Group of India acquired 60 percent of Africa’s sole integrated steelworks early this month through three legal agreements…
The move appeared to have healed wounds and narrowed the rift between Chanakira, who founded KFHL, which had been largely sustained by cash from the Meikles Limited group, and Moxon, the warden of the Meikles dynasty, which held a controlling stake in both KFHL and Meikles Limited.Moxon had…
This emerged as legal experts said yesterday that President Robert Mugabe had to quickly intervene to avoid a constitutional crisis after the august House adjourned indefinitely on Tuesday due to the absence of a Speaker of Parliament.They said President Mugabe had to issue a proclamation calling for fresh…
Sources this week revealed that at a principals’ meeting two weeks ago, Prime Minister Tsvangirai managed to pluck a concession from President Mugabe for each minister to be made to account for the failure to bring to life issues that were agreed in August last year.The latest revelations…
In a recent question and answer in the House of Assembly, the Cabinet minister said established international institutions such as the Food and Agriculture Organisation (FAO), the World Health Organisation (WHO) and the Institute for Genetic Engineering and Bio-technology have undertaken research that shows that there is no…
The IMF cut off balance of payments support to Zimbabwe in 1999 over protracted arrears to the fund and alleged fiscal indiscipline.Government statistics indicate that Zimbabwe’s arrears to the IMF had ballooned to US$140 million, despite frantic efforts by Reserve Bank of Zimbabwe governor, Gideon Gono, to clear…
This comes as The Financial Gazette’s investigations indicated that a member of Zuma’s facilitation team jetted into the country this week to agree on a date for a review of the Global Political Agreement (GPA) with negotiators from the three parties in the inclusive government.The review will also…
The position of Speaker of Parliament fell vacant on Thursday last week after the Supreme Court nullified the election of Lovemore Moyo, the chairperson of Prime Minister Morgan Tsvangirai’s Movement for Democratic Change (MDC) formation, to the position due to alleged violation of voting rules by the party’s…
The winter cropping season will require at least US$24 million dollars to produce 67 500 tonnes from 30 000 hect-ares, up from 14 000 hectares produced last year, but concerns linger over reliable power supplies which have undermined previous efforts.Wheat production in the last season amounted to 21…
