November 24, 2024
This admission confirms assertions in some quarters that the year-old committee, made up of 12 members shared equally between ZANU-PF and the two Movement for Democratic Change (MDC) factions, is a toothless bulldog.MDC-T representative and Harare lawyer, Innocent Chagonda, said while JOMIC had received a lot of complaints…
With easing political pressures, robust prices and a stabilising economy in the past 11 months, analysts believe the environment is now ripe for an increase in platinum output.“I can comfortably say this is the year for Zimbabwe’s platinum sector to lead the recovery,” said Takunda Mugaga, senior researcher…
For the most part, the rights issues floated left underwriters holding the new babies as nearly half of existing shareholders failed to take up their rights owing to cash constraints.But the real bad year for investors is not last year. Investors holding more than one stock may be…
In a report by the Parliame-ntary Committee on Mines and Energy, legislators urged the government to inherit the debt saying ZESA does not have the capacity to honour it.“ZESA is experiencing a huge foreign debt of US$465 million. The loans were used to fund major capital projects, for…
ZESA, the State-run power utility, was allocated two 16-year special grants to mine coal in Hwange in 2005 and 2006, but last year the Mines Ministry revoked the tenure resulting in friction between the two ministries.Some Members of Parliament are siding with Mudzuri in the restoration of the…
The leader of the larger faction of the Movement for Democratic Change (MDC-T) appears to contradict his rival, President Robert Mugabe, who in December last year, called on ZANU-PF supporters to get ready for elections at the expiry of the unity government’s tenure.Even more, the premier’s sentiments are…
CWUZ represents workers in the retail industry, dry cleaning, funeral homes and security companies. It is alleging in internal documents dated December 15 2009 that it has unearthed fraudulent activities involving at least US$15 000 in cash and thousands more expended on luxury goods like a top of…
This emerged as Finance Minister Tendai Biti intensified his bid to seek Highly Indebted Poor Country (HIPC) status to have Zimbabwe's US$6 billion international debt cancelled.Zimbabwe has enlisted the African Development Bank (AfDB) to draft a debt relief plan to help unlock financial support from both multilateral and…
The Financial Gazette can reveal that Southern African Development Community (SADC) leaders who used to detest megaphone diplomacy are increasingly becoming agitated by the intransigence of the political foes in trouble-prone Zimbabwe and the prolonged period it has taken to calm the discord in their backyard.The standoff, mainly…
Finance Minister, Tendai Biti, Public Service Minister, Elphas Mukonoweshuro and Education Minister, David Coltart, convened the crisis meeting with the representatives from the Public Service Association (PSA), the Zimbabwe Teachers Association (ZIMTA) and the Progressive Teachers Union of Zimbabwe (PTUZ) to cool the volatile situation threatening the inclusive…
