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ANXIETY has gripped workers in the government-owned media, some of whom have lived to tell of staff movements, retrenchments and dismissals during Information, Media and Broadcasting Services Minister Jonathan Moyo’s previous assignment to the same ministry between 2000 and 2005.…
Made in tight spotWITH President Robert Mugabe under pressure to leave a lasting and impressionable legacy after leading the country for more than three decades that saw Zimbabwe’s fortunes plummeting from being a regional breadbasket to a basket case, the veteran nationalist has uncharacteristically started to crack the whip to…
AFRICAN Sun Limited (ASL), the country’s largest player in the hospitality sector has sold part of its equity in Dawn Properties Limited to Lengrah Investments (Private) Limited, the Financial Gazette can report.…
100 firms close shop, capacity utilisation plummetsONLY 10 out of the 74-companies listed on the Zimbabwe Stock Exchange (ZSE) are in good shape while over 100 firms have closed shop since 2011, signifying an industrial ‘Armage-ddon’ that requires swift remedial action if further de-industrialisation is to be averted.…
Deals worth US$20m under probeFRESH details of the leadership crisis at Air Zimbabwe (AirZim) have emerged, with forensic auditors exposing possible manipulation of aviation insurance policies by past and present bosses, which could have prejudiced the State-run airline of millions of United States dollars between 2009 and this year.The AirZim…
THE Attorney General (AG) Johannes Tomana has said his office is treating the US$6 million diamond scandal seriously and is waiting for law enforcement agents to conclude their work before due process can take its course, depending on the findings.…
REDCLIFF — Workers at New Zimbabwe Steel (NewZimsteel) are hoping that the new administration will come to their rescue by expediting the implementation of the Essar deal.Essar Holdings, a conglomerate from India, acquired 54 percent of the then Zimbabwe Iron and Steel Company (ZISCO) from government in September 2011, in…
POWER struggles within the Movement for Democratic Change (MDC-T) have taken an ugly turn with some senior members now being touted to succeed party leader, Morgan Tsvangirai, ahead of or at the party congress scheduled for 2016, The Financial Gazette can exclusively reveal.…
THE European Union (EU) is reportedly split over continued sanctions on crisis-torn Zimbabwe, which recently emerged from a disputed but peaceful election in which President Robert Mugabe won by a landslide majority.…
Movement for Democratic Change (MDC-T) leader, Morgan Tsvangirai, has been walking a tightrope since his electoral defeat on July 31 as pressure for him to step down from the party’s helm mounts.Although the party’s exiled treasurer general, Roy Bennett, is seemingly the only one with the guts to openly talk…
