HARARE – United States-based track star Ngoni Makusha believes the Bowerman Awards symbolise a wakeup call to athletes to keep striving for greater heights. The Bowerman is awarded to the most outstanding collegiate male and female athlete of the year. Makusha won the award last year after an inspirational outdoor season in which he was…
HARARE – “Our youth now love luxury. They have bad manners, contempt for authority; they show disrespect for their elders and love chatter in place of exercise; they no longer rise when elders enter the room; they contradict their parents, chatter before company; gobble up their food and tyrannise their teachers, ” said Socrates, the…
WASHINGTON – President Barack Obama is cutting short his Hawaiian holiday to leave for Washington on Wednesday to address the unfinished “fiscal cliff” negotiations with Congress, the White House said on Tuesday. As the clock ticks toward a January 1 deadline, efforts to avert a sharp rise in taxes and deep spending cuts have stalled,…
HARARE – One of Zimbabwe’s youngest detainees, son of national hero Josiah Chinamano and heroine Ruth risks a pauper’s burial after Zanu PF failed to help the family raise money to retrieve the body form mortuary where it has been lying since Christmas Day. Josiah Chinamano junior, 54, died at Parirenyatwa hospital on Tuesday from…
HARARE – Former Zimbabwe international Clemence Matawu could make a return to the domestic league after it emerged the former Motor Action wizard is on the verge of signing for newly-promoted Castle Premiership side Triangle. The Lowveld side has also stepped up the chase for Dynamos’ out-of-contract fullback David Kutyauripo, who is being offloaded by…
HARARE – Capital Bank Corporation Ltd (Capital Bank) is planning a $20 million rights issue, as part of efforts to comply with the Reserve Bank of Zimbabwe (RBZ)’s minimum capital requirements. With the Harare-based institution backed by a deep-pocketed shareholder in the form of National Social Security Authority (Nssa), Capital Bank’s shareholders are expected to…
HARARE – Hospitality concern Rainbow Tourism Group (RTG) shareholders yesterday approved a $4,5 million rights issue. The capital-raising exercise is part of the group’s efforts to put a cap on burdening shortterm borrowing charges that have been aggravating working capital constraints. Tendai Madzivanyika, RTG’s chief executive, said the shortterm “expensive” loans had accumulated to $14…
HARARE – Zimbabwe Stock Exchange-listed TN Bank Limited (TN Bank) seeks shareholders’ approval to delist from the local bourse at its January 18, 2013 extraordinary general meeting. This comes after telecommunications giant Econet Wireless Zimbabwe (Econet) acquired 100 percent of the financial institution early this month. The takeover, however, awaits authorities’ approval. TN Bank is…
HARARE – Happy festive season, sports lovers! Here’s to new beginnings, not to mention the end of 2012. Good riddance to that one! I mean, what a lousy year this has been for Zim sports! It made you miss the years when our dear Warriors would qualify for the African Nations Cup, and Kirsty Coventry…
HARARE – Premier Soccer League (PSL) chief executive, Kenny Ndebele, has declared the 2012 season a huge success. The 2012 season was the second year under the three-year deal signed between PSL and its official sponsor, Delta Beverage. The year also saw NetOne and Mbada Diamonds Company strengthen their ties with local football by…
