November 22, 2024
Mathias Mlambo, the MDC-T lawmaker for Chipinge East was slapped with a 10 month prison term for obstructing the course of justice while Mutare West legislator Shuah Mudiwa was sentenced to seven years for kidnapping a 12-year old girl.Both appealed against their convictions.Tafadzwa Mugabe, the lawyer representing the…
Chinotimba's lease agreement for property number 56 Cardiff Avenue, Belvedere was cancelled by council in September last year, more than six years after he was fired in May 2002 for being absent from work without official leave.But the patron of the Zimbabwe Federation of Trade Unions had continued…
Noczim’s financial statements obtained by The Financial Gazette this week reveal a string of huge losses in each of the five months totaling up to about US$7,8 million.Management at Noczim has responded by rolling painful cost cutting measures, which among other things, include the reduction of the parastatal’s…
There were special bargains on Delta Corporation and OK Zimbabwe on Thu-rsday by unidentified inve-stors.The Delta deal accounted for up to five million shares valued at US$2,2 million, while that on OK had more than 33 million shares valued at about US$2 million changing hands.Delta had early this…
Sources indicated that the deal involved a block of shares accounting for 38 percent of PG’s issued shares.These were held by a management consortium and their bankers, BancABC, a regional financial institution with a primary listing in Botswana and a secondary listing on the Zimbabwe Stock Exchange (ZSE).Media…
Zuma, who doubles up as chairperson of the Southern African Development Community (SADC), one of guarantors of the GPA, is expected in Harare today.While he would be the guest of honour at the Harare Agricultural Show tomorrow, Zuma is also expected to hold talks with the three principals…
The Financial Gazette can exclusively reveal that Mncedisi Thwala, whose age could not be immediately ascertained, was arrested by the police last Friday after making a report earlier in the week that the ZANU-PF national chairman sodomi-sed him in 2002.Thwala was taken to Tredgold Magistrates Court in Bulawayo…
Investigations by The Financial Gazette established that a caretaker council hand-picked by Local Government Minister, Ignatius Chombo, to run the city in April last year after Zimbabwe’s electoral dispute delayed the assumption of duty by a new council, approved the sordid deal.The interim council took charge of the…
Self-exiled banker and shareholder of the defunct Intermarket Hol-dings Limited, Nicholas Vingirai, business mogul, Mutumwa Mawere and Meikles Africa Limited boss John Moxon, currently living in South Africa, remain specified.Mawere fell out with the ZANU-PF government over SMM Holdings, which the government expropriated through a compulsory debt-equity-swap.Johannes Tomana,…
This comes despite recent reports that government was planning to sell the Zimbabwe Iron and Steel Company to an unidentified foreign bidder. The government had reportedly planned to accelerate the programme to finance its depleted coffers, especially after Western donors spurned requests to bankroll the inclusive government, formed…
