November 25, 2024
Punitive lending rates prevailing in the country’s ailing banking sector, a deteriorating balance of payments position and the threat posed by another upsurge in year-on-year inflation forced government to review downwards Gross Domestic Product (GDP) projections, ambitiously forecast at US$3,5 billion during the presentation of the 2010 National…
PPC public relations manager, Nomzamo Basson, said in a statement from South Africa on Tuesday the cement producer was confident that the appointment of Moyo to the board would be of immense value to the Zimbabwean operation.“Moyo brings a wealth of experience in corporate and commercial law, investment…
The banking group, which had NDH Merchant Bank Limited, NDH Equities and NDH Asset Management as its subsidiaries, was said to have failed to raise cash from shareholders as well as from a private placement to recapitalise the merchant banking arm.NDH Holdings received a merchant banking licence from…
As President Robert Mugabe, Prime Minister Morgan Tsvangirai and Deputy Prime Minister, Arthur Mutambara sent out members of the Constitutional Parliamentary Select Committee (COPAC) to gather people’s views, it has emerged that a civil society organisation in Bulawayo is seeking an interim relief from the High Court ordering…
This comes as residents in Mount Pleasant, where the embassy is located, are livid over the manner in which the diplomatic mission secured a license to operate a septic tank in the low density suburb citing environmental and health concerns such as the possible contamination of underground water.The…
In a report released this week, Africa Partnership Canada (APC) questioned how the Umguza legislator acquired an impressive portfolio of properties from the meagre salary he earns as a government minister.Mpofu, who was appointed Mines Minister in February last year, is alleged, in the report, to be one…
The group’s board convened a meeting last week at which “various options on the way forward” were considered, Meikles chief executive officer (CEO), Brendan Beaumont, told The Financial Gazette yesterday.“The company is now drafting the necessary circulars to engage shareholders for them to have input on the suggested…
PSC officials admitted this on Monday before a Parliamentary Portfolio Committee on Public Accounts querying the motive behind the move to employ the youths and integrating them into society.The “confession” comes in the wake of a damning report by the Comptroller and Auditor-General (CAG)’s department last year which…
The latest fall-out follows remarks by Charamba that a Bilateral Investment Promotion and Protection Agreement (BIPPA) signed on May 24 with South Korea during Prime Minister Morgan Tsvangirai’s visit to the Far East country was null and void as the premier had no constitutional mandate to do sign…
Both President Robert Mugabe and Prime Minister Morgan Tsvangirai have recently urged their supporters to gear up for another round of polls, which political observers say could be held possibly in the second quarter of next year. But the two key partners in the inclusive government, who have…
