HARARE – This year is already a historic year for Zimbabwe. The adoption of a constitution written by representatives of the people, for the people and approved by the people, is a seminal moment in the history of any country. The tremendous turn-out for the constitutional referendum on March 16 exceeded expectations and demonstrated how…
HARARE – The Securities Commission of Zimbabwe (SecZim) says there was “selective application of the law” in dealing with Lifestyle Holdings (Lifestyle)’s delisting from the Zimbabwe Stock Exchange (ZSE). This comes as the capital markets regulator — which argues that Lifestyle did not follow due process and fully apprise shareholders of what the transaction entails…
HARARE – Listed short-term insurer NicozDiamond Insurance Limited (NicozDiamond) plans to establish a Mozambique operation as part of efforts to penetrate regional markets and diversify income streams. “We are expecting our operating licence in Mozambique this year,” said Grace Muradzikwa, NicozDiamond chief executive. She said the group had done all the necessary paperwork and was…
NJELELE – It has been hyped as the “Promised Land”. And 89-year-old President Robert Mugabe — probably facing his last election — is touting it as the latest ace up his sleeve. But for many rural folks whose vote Mugabe has survived on for the past three decades, the takeover of large foreign-owned firms, masked…
HARARE – Three poachers have been jailed for nine years after they were found guilty of illegal possession of ivory. Magistrate Tendai Mahwe gave the trio a mandatory sentence for the ivory that weighed 107kg and cost $26 750, according to the Parks and Wildlife Management Authority. On July 13, 2012 detectives from the Mineral…
HARARE – A Harare magistrate has jailed a 22-year-old man for 15 years after convicting him on charges of raping his three-year-old daughter. The man, whose name has been withheld to protect the girl’s identity, escaped with a lesser jail term after magistrate Hosea Mujaya — who had initially sentenced him to 18 years —…
HARARE – A Harare man will spend a year behind bars after a magistrate found him guilty for piracy. Magistrate Anita Tshuma sentenced Solomon Mbadzo to two years before suspending a year on condition of good behaviour for the next five years. In passing sentence, Tshuma said piracy was unique in that it dealt with…
ZVISHAVANE – It is deep down in the bush but this is where pillow talk rules the roost and sex has ceased being that dirty a word. People living with HIV in Midlands Province’s deep rural areas from Gokwe to Mapirimira in Zvishavane are confessing to romping like they have not done in years — …
HARARE – A High Court judge has recused himself from handling a bail application for four MDC officials accused of breaching the Official Secrets Act, claiming he once worked with three of the officers. Justice Joseph Musakwa transferred the case to Justice Chinembiri Bhunu. “The judge has recused himself. He previously worked with three of…
HARARE – The Deposit Protection Corporation (DPC) says it is currently paying off 97 percent of depositors whose funds were locked up in liquidated Royal Bank (Royal). Wisdom Mandizvidza, DPC’s bank resolution manager, said over 5 000 accounts with balances that do not exceed the maximum insurable limit of $500 will be paid in full….
