September 19, 2024
The development comes barely two weeks after a Harare magistrate had dismissed the matter citing lack of concrete evidence.Muchadehama, who is representing several MDC-T suspects facing charges ranging from banditry to terrorism, would face the same charges of contempt of court along with Constance Gambara, a Harare High…
He replaces Joseph Goromonzi, Prestige Information and Communi-cation Technology managing director, who has headed the institute for the past year. Mutiwanyuka, formerly one of the institute’s two vice-presidents, was elected president at the institute's annual general meeting, which was held recently at the institute’s headquarters in Harare.Gibale Consultants…
The report piled up pressure on the inclusive government to deal with the illegal mining activities in the Marange area without involving the Zimbabwe National Army, which the KP said must be withdrawn from the diamond fields if the country is to continue trading in the precious mineral."We…
Speaker of Parliament, Love-more Moyo, in consultation with the members of the Parliamentary Select Committee, was forced to move the conference to next Monday due to what insiders described as "logistical nightmares."Moyo confirmed the postponement, but described the move as a deferment."We have deferred the conference to Monday…
Sources indicated that most banks were likely to resort to private placements, under which they would court new investors to pump in cash to prop up the banking institutions, as they raced towards a Reserve Bank of Zimbabwe (RBZ) September deadline for banks to adequately capitalise their operations.ZB…
Mwana slid 34 percent in London trading. A £174,1-million- (US$286 million) writedown stemming from lower commodity prices and production halts at Zimbabwean mines led to a net loss of £187,4 million for the fiscal year through March, the London-based company said last week in a statement.Mwana aims to…
The ratio of interest income to overall earnings rose to 25 percent in May from 11 percent last year, and in an inverse direction with non-interest income, which fell to 75 percent the same month from 89 percent in 2008.During the period, the company’s loan book grew 300…
SABMiller had received the Delta shares when it injected working capital into the group early this year.The shares were allocated at a price of US$0,30 per share, although the Delta share price was at US$0,15 at the time of the transaction, representing a significant upward movement at US$0,40…
“The shareholders of Premier Finance Group would like to categorically state that Mr Temba Mliswa, his companies or any of his business associates have no space in Premier Finance Group and will not be allowed any,” a statement issued by the shareholders said.The shareholders’ statement said there was…
The incident took place at the homestead of the CIO’s deputy director for special affairs, Alias Kanengoni.The state security agent has been named as Chamunorwa Shuto while four of Kanengoni’s relatives including Nyasha and Rodwell Kanengoni have been implicated and charged in the incident that goes against the…
