HARARE – The National Social Security Authority (Nssa) says it will not bail out banks in which it has interests if they fail to meet the central bank’s recapitalisation requirements. This comes as the pensions authority has deliberated on a Deloite & Touche report to assess the feasibility of merging its banking assets. “The position…
HARARE – Dendera musician Suluman Chimbetu is convinced that at long last he is now his own man after years of living in the shadow of his late legendary father Simon Chimbetu. Sulu‘s fourth album Syllabus released in November last year, particularly the hit-song Sean Timba with its popular chorus line Batai Munhu, has captured…
HARARE – Two police officers who allegedly stole a plasma TV, laptops and other gadgets from the late Vice President John Landa Nkomo’s house in Bulawayo will continue languishing in remand prison. Bulawayo magistrate Witness Mtetwa yesterday dismissed the cops’ quest for bail, saying they are a flight risk. Costa Fandi (25) and Hillary Ncube…
HARARE – Indigenisation minister Saviour Kasukuwere appears undaunted by the overwhelming failure of his ministry’s dysfunctional youth empowerment programme. The programme, which rides on the back of elusive bank loans for youth self-help projects, has become a source of consternation and disillusionment among youths who initially believed they had finally landed a saviour from their…
HARARE – With elections expected mid-year, Zanu PF and its agents have already stepped up the campaign of harassment. The signs are ominous. The current onslaught on civil society casts doubt on the prospect of free and fair elections. But generally worrisome is that four years of so-called reforms do not appear to have changed…
HARARE – Financial services group CBZ Holdings (CBZ) reported a 61 percent rise in after tax profit to $45 million from $30,3 million in the year ended December 2012. The group said the performance was driven by a strong gross written premium. Earnings per share stood at 8,08 cents during the period under review compared…
HARARE – Parliament has partnered human rights lawyers to capacitate legislators in the field of human rights work. The Memorandum of Understanding (MoU) between Zimbabwe Lawyers for Human Rights (ZLHR) and Parliament comes as government ups its crackdown on pro-democracy groups. Signed on Monday, the MoU aims at lessening the burden on Parliament on the…
HARARE – We are instructed by Brainworks Capital Management (Private) Limited to demand an immediate unconditional apology and retraction from the Daily News, and persons associated with the paper, in particular Messrs. Mutsaka, Phiri and Chiriga, in respect of certain articles recently appearing in two of your publications. These articles, appearing on February 14,…
HARARE – Small-minded revolutionaries will always claim credit for everything that happens subsequent to it. So when Jonathan Moyo notwithstanding his role as a legislator asserts that the credit for all the indigenisation transactions concluded to date including the controversial Zimplats Indigenisation Transaction (ZIT) ought to be reserved not to the government of the…
HARARE – A Harare man is lucky to be alive after his Chinese employer assaulted and fired gunshots at him as he tried to negotiate for terminal benefits following an unfair dismissal, the court heard. Xiaoming Li, 38, allegedly assaulted Lloyd Joel with a broomstick and a wooden board before firing shots at him. Li…
