December 22, 2024
The move has infuriated empowerment lobby group, the Affirmative Action Group (AAG), which responded by approaching government with a proposal that the listed company be subjected to the Indigenisation and Empowerment Act. The act stipulates that foreign companies must cede 51 percent of their shareholding to locals.In a…
The lawyers, who marched on Tuesday from the High Court to the offices of Justice Minister Patrick Chinamasa (New Government Complex) where they handed over a petition to his officials, protested against the harassment of legal practitioners by State agents during the course of their duties.Tuesday’s petition by…
The vitriol came after Biti, in his budget review statement in February, said “the death of the Zimbabwe dollar is a reality we have to live with”, while Mangoma said an economic cluster set up as part of the 100-Day Action Plan had decided to shelve the use…
Monday’s arrests also came hard on the heels of a media conference held in Kariba last week to stop the harassment of scribes and repeal or amend repressive media laws that have been used by the State to muzzle press freedom.The conference, attended by government officials, media executives…
The development threatens to further widen the rifts within the party that split from Prime Minister Tsvangirai-led MDC-T in 2005 following internal squabbles over the decision on whether to participate or not in elections for Senate.Last week, the MDC-M suspended three Members of Parliament: Abednico Bhebhe (Nkayi West);…
Niels Kristensen, the managing director of Murowa, 78-percent owned by Rio, said the local business environment had improved but urged the government to do more to attract investors."We achieved record production in 2008. Production was in the region of 260,000 carats in 2008 and there is potential to…
The anonymous phone bidder has yet to name the gem, mounted on a platinum ring, auctioneers Sotheby's said. The diamond was found in Cullinan mine in South Africa last year, and its clarity was graded as flawless - the highest designation. Auctioneer David Bennett said: "It is a…
ZMF chief executive officer, Wellington Takavarasha, said small and medium scale miners were under threat from a host of problems that hamstrung their potential to contribute to the well being of the country's economy."We've invited several ministers to come and address miners on issues and concerns affecting their…
The alliance between Masiyiwa and Moxon is widely seen as marking a turn in relations between the Econet boss and his long-time friend, Chanakira, who is not happy with plans to de-merge Kingdom from the assets predominantly owned by the Meikles family.This week Econet Wireless moved to end…
The announcement might put to rest public anxiety and growing political impatience across the board over ZANU-PF's commitment to the power-sharing agreement.It may also widen the internecine fights within ZANU-PF and the two camps of the Movement for Democratic Change (MDC) should their senior members feel short-changed.The thorny…
