December 25, 2024
This emerged as reports suggested LonZim directors had met with rebel shareholder AMB Capital in a failed attempt to settle their differences amicably and move the company forward.Apparently, the LonZim directors are understood to have met a number of key shareholders during private engagements, and received pledges of…
Chamisa is proposing that draconian media laws such as the Broadcasting Services Act be repealed to open up the airwaves and allow private broadcasters to operate in Zimbabwe.The Bill, which is still in its infancy, will see ZBH maintaining its name but operating under widely changed parameters including…
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illegal mining activities in the Marange area without involving the Zimbabwe National Army, which the KP said must be withdrawn from the diamond fields if the country is to continue trading in the precious mineral."We…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…
