HARARE – Zimbabwean financial institutions should brace for a tough economic climate this year due to tighter regulation and indigenisation threats, a report by stock broking firm Lynton-Edwards says. Last year, Finance minister Tendai Biti and Reserve bank of Zimbabwe (RBZ) governor Gideon Gono promulgated a raft of measures among them, orders instructing banks to…
HARARE – The revolution promised a just, equal, free, prosperous, inclusive, and transparent dispensation. After reading Jonathan Moyo’s latest contribution to the debate on indigenisation in an article entitled: “Cheap attempts to scuttle indigenisation” published by the Sunday Mail dated March 3, 2013 one gets the distinct impression that he wants to scuttle debate on…
HARARE – Since the day we broke the Nieebgate Scandal, political flip flopper Jonathan Moyo has gone ballistic attacking those critical of how the $1 billion Zimplats deal was implemented. Of particular concern has been Moyo’s hysterical defence of the role played by advisory firm, Brainworks Capital, which stands to earn up to $45 million…
SAO PAULO – Zimbabwe women football team technical director Maxwell Takaendesa Jongwe has challenged his troops to stand and be counted when they take part in an invitational tournament in Uruguay this week. The Mighty Warriors, who were invited for a five-team tournament that involves hosts Uruguay, Paraguay, Chile and Argentina, transited through Brazil where…
HARARE – Zimplats Holdings Limited (Zimplats) says it will appeal to the High Court for a review of the Zimbabwe Revenue Authority (Zimra)’s determination on the platinum miner’s interest on tax. The group — a subsidiary of South African Impala Platinum Holdings Limited — last year lost a case against Zimra over a revised tax…
HARARE – Zimbabwe must grab the opportunities being offered by the forthcoming United Nations World Tourism (UNWTO) general assembly in August this year to create a brighter future, a South Korean diplomat has said. The tourism summit will be co-hosted by Zimbabwe and Zambia — two countries which share one of the seven natural wonders…
HARARE – With elections only a few months away, Prime Minister Morgan Tsvangirai is pinning hopes on South African president Jacob Zuma to deliver a credible poll amid heightening tensions. In an interview with his MDC newsletter, Tsvangirai said Zimbabwe could descend into chaos if Sadc-appointed mediator Zuma does not stamp authority. The MDC leader,…
HARARE – The Reserve Bank of Zimbabwe (RBZ) board has dismissed as false reports that Central Bank governor Gideon Gono stole 529 pieces of gold coins. Gono and his team of managers yesterday showed members of the press the 529 pieces of gold coins. Gono and his officials addressed a news conference soon after an…
HARARE – Colourful Christian hip-hop artiste Mudiwa Mutandwa has courted controversy and publicity more than any other gospel artiste ever since he burst onto the Zimbabwe music scene. Mudiwa has been in the music industry for quite a while now but got into the limelight last year when he released his album Magnet which carries…
HARARE – President Robert Mugabe has expanded relations in the East, as the West refuses to completely ease financial and travel sanctions imposed on the 89 year-old and his inner circle. Government last week signed a Memorandum of Understanding (MoU) to seal business ties with Arabic leader Sheikh Saud Bin Sapr Al Qasimi of Ras…
