November 25, 2024
Pishayi Muchauraya (Makoni South) is expected to stand before a Murambinda magistrate today while Douglas Mwonzora (Nyanga North) would be in the dock tomorrow at the Mutare Magistrates court for utterances deemed to be derogatory to the ZANU-PF leader under the country’s so-called insult laws.Muchauraya's charge stem from…
The State Enterprises and Parastatals (SEPs) Bill will, among other things, include stringent measures for parastatal heads who fail to adhere to basic management principles.The proposed law comes after cabinet two weeks ago passed a resolution adopting a corporate governance policy for management at all SEPs.It also tasked…
Interfin pounced on CFX in June through a US$5,3 million deal, that translated into 51 percent control of the bank.Interfin Financial Holdi-ngs, IBC’s parent company, was the underwriter in a US$10 million rights issue by the troubled financial institution in November last year.There was a low take-up of…
Mazivofa was arrested in May 2007 along with Albert Matapo, Nyasha Zivuku, Oncemore Mud-zurahona, Emmanuel Marara, Patson Mupfure and Shingirai Mutema-chena for allegedly trying to stage a coup to oust President Robert Muga-be. Information obtained by The Financial Gazette this week revealed that Mazivofa was set free three…
In a 35-page report presented in Parliament on Tuesday, the Local Government, Urban and Rural Development Parliamentary Portfolio Committee described Chombo’s powers as supreme and absolute thereby contributing to the deterioration in service delivery. The committee, which comprises legislators from ZANU-PF and the two formations of the Movement…
The PLC first passed an adverse report on SI 106 of 2010 (Plumtree Town Council), which made it an offence for anyone to build a structure in the area whose plan has not been approved by the relevant authorities.While the council had sought to impose a fine and…
The Financial Gazette can exclusively reveal that the Commo-nwealth has been hard at work on what it terms a “Special Programme for Zimbabwe” since mid last year despite President Robert Mugabe severing ties with the former British Empire after threats to suspend the country over alleged gross human…
The document, prepared by the IMF’s legal, finance, strategy and policy review departments, said although Zimbabwe’s co-operation on policies had “weakened significantly” and its co-operation on payments remained poor, the country had, however, beaten its dismal record last year after committing more cash towards arrear clearance than it…
SOUTH AFRICA — Massmart chief executive officer, Grant Pattison, yesterday gave a stern warning to Zimbabwean authorities that a proposed law compelling all companies to hand over 51 percent equity to local owners would force the retail giant to pull out.However, his threat to exit — at a…
While the Act was amended in 2007 after being introduced in 2002 it still contained clauses that critics felt gave too much power to the police.Innocent Gonese, the Movement for Democratic Change (MDC-T) legislator for Mutare Central moved the motion to amend the Act amid indications that its…
