HARARE – Zimbabwe Stock Exchange-listed transport and logistics group Pioneer Corporation Africa (Pioneer) remains in the red, posting a $562 000 loss after tax in the year to December 2012. The group posted a $291 000 profit in prior comparable period. During the period under review, revenue remained unchanged at $26,6 million compared to $26,4…
HARARE – Finance minister Tendai Biti says his ministry has crafted a policy compelling diamond miners in Zimbabwe to remit at least 50 percent of their revenue to government. This comes as concern has been raised over transparency and incommensurate remittance of diamond revenue to Treasury. He said the funds will be channelled towards boosting…
HARARE – Taurai Mangwiro and Luke Masomere have been reinstated as CAPS United and Shabanie Mine head coaches respectively after being cleared by the Zifa Appeals Committee on Monday. The two coaches, who had been handed different bans for their involvement in the Asiagate match-fixing scandal, appealed successfully before the committee, set up by the…
HARARE – Police in Harare have warned commuter omnibuses against endangering police officers and members of the public as they try to flee from cops in a bid to evade arrest. Acting Harare police spokesperson Tarirai Dube said four law enforcement agents have been injured while one has been killed in skirmishes with defiant kombi…
HARARE – Tomorrow, April 18 is an important calendar date for Zimbabweans as we celebrate 33 years of self-rule. There has been mixed reactions to this year’s Independence Day, with analysts and social commentators giving different views in interviews carried out by the Daily News. Rashweat Mukundu, a media practitioner said Zimbabweans need not regret…
HARARE – Reserve Bank of Zimbabwe (RBZ) and Time Bank have reportedly agreed to an audit, and verification of the institution’s assets, in fulfilment of a handover-takeover process reached in March. The development also comes as the Chris Tande-led bank has announced plans to release millions worth of securities held since 2006 and the bank…
HARARE – Blue-chip firm Delta Corporation (Delta) says it expects its overall financial performance for the year to March 2013 to be in line with projections, despite lager beer sales volumes slumping six percent in the fourth quarter. “The decline is partly attributable to the adverse impact of the excise duty increase in December 2012…
HARARE – South African golfer Irvin Mazibuko has every reason to feel confident ahead of the Golden Pilsener Zimbabwe Open that tees-off here tomorrow. Zimbabwe is now like a second home to Mazibuko, who has taken part in the last two Zambezi Tour events held last month. The 30-year-old finished in tie for third at…
HARARE – Zimbabwe’s ruling coalition partners are yet to come up with an election date for this year’s harmonised poll, principals’ spokesperson Prime Minister Morgan Tsvangirai said yesterday. President Robert Mugabe, Tsvangirai and his deputy Arthur Mutambara this week agreed to set up a committee to come up with an election roadmap taking into consideration…
HARARE – Thabani Mpofu, director of research in Prime Minister Morgan Tsvangirai’s office, has made an application to have his matter referred to the Supreme Court. Mpofu’s lawyer Alec Muchadehama made the application before magistrate Anita Tshuma. Muchadehama said the State, which is being represented by Harare area prosecutor Jonathan Murombedzi, was an interested party….
