HARARE – A Harare man yesterday committed suicide in one the most bizarre ways — slitting his own neck with a knife at a traffic light-controlled intersection while sitting in an idling car. Initially, motorists were annoyed when Francis Ngoneni Masuku’s double cab Isuzu KB vehicle remained stationary even though the robots had turned green…
HARARE – Prime Minister Morgan Tsvangirai was yesterday forced to cancel a crucial meeting with the Zimbabwe Media Commission (ZMC) after the majority of commissioners snubbed him. Tsvangirai wanted to meet with the commission to understand the problems they are facing with regards to enacting media reforms in the country. His spokesperson Luke Tamborinyoka said…
HARARE – Zimbabwe Platinum Mines Limited (Zimplats) has posted a $6,4 million loss in the half year to December 2012, in a development that could jeorpadise the indigenisation of the platinum miner in 10 years. This comes as the platinum group metals producer officially distanced itself from Brainworks Capital Management (Private) Limited — a private…
HARARE – Platinum group metals producer Zimplats Holdings Limited (Zimplats) incurred a $6 million loss in the half year to December 2012 down from a $68,4 million after tax profit registered in previous comparable period. During the period under review, revenue declined significantly from $230,6 million to $176,5 million. Basic and diluted earnings per share…
HARARE – What is better to have loads of money which cannot buy anything or have goods in shops which no money can buy? This question often arose during the hyperinflationary environment whenever friends exchanged banter each time they changed foreign currency on the black market. Shops were empty but people had money. With the…
HARARE – Munyaradzi Kereke, a former Reserve Bank of Zimbabwe advisor and now an aspiring senator, has been criticised for pumping $100 000 for the reburial of 50 freedom fighters in Bikita, in return for votes, at a time he has failed to pay his workers. Kereke seems to be defying President Robert Mugabe who…
HARARE – President Robert Mugabe’s closest officials trooped to Nigerian “prophet” TB Joshua seeking salvation last week. Two of Mugabe’s top men, Home Affairs co-minister Kembo Mohadi and Manicaland governor and resident minister Christopher Mushowe forked out thousands of dollars to attend TB Joshua’s New Year sermon in defiance of Mugabe’s calls for them to…
