HARARE – It remains mind gobbling to witness the breakdown of the rule of law being perpetrated ostensibly for the purposes of complying with a Constitutional Court ruling, which might lead Zimbabwe to a deeper political turmoil. The following illustrations explain how political processes in Zimbabwe are being manipulated on the guise of upholding the…
HARARE – A ruling on an application by a South Africa-based man who had approached the Constitutional Court demanding that Zimbabweans in the Diaspora vote in the forthcoming poll has been indefinitely shelved. The application by Tavengwa Bukaibenyu, a professional driver, was expected to be heard yesterday before a panel of nine judges, but the…
HARARE – The Securities Commission of Zimbabwe (SecZim) has lost its bid to block Lifestyle Holdings Limited (Lifestyle) from delisting on the Zimbabwe Stock Exchange (ZSE). Yesterday the bourse approved the delisting of the furniture retailer from the local bourse. SecZim — which had earlier indicated that it will not approve the delisting of Lifestyle…
HARARE – Energy Mutodi, a businessman-cum-musician, was yesterday freed on $500 bail after appearing in court on charges of fraud involving over $6 million. Mutodi, 34, is alleged to have fleeced 16 000 civil servants under the guise that his housing scheme would benefit them. The court heard that sometime in 2006, Mutodi and others…
HARARE – Damned if he does not, damned if he does. President Robert Mugabe finds himself in the most unusual position of being criticised — pilloried, in fact, as being unconstitutional, undemocratic and tyrannical — simply because he wants to hold elections. Yes, you heard that right, as absurd as it sounds on the surface:…
HARARE – A United Family International Church (UFIC) pastor was yesterday hauled before the courts after allegedly being found in possession of nine grammes of gold. The bullion, which is worth $429,26, was recovered wrapped in a Zimbabwe bearer’s cheque bill, which is now out of circulation. Magistrate Don Ndirowei remanded James Mwarira, 25, a…
HARARE – President Robert Mugabe on Thursday unilaterally made an announcement on the much anticipated elections in Zimbabwe, setting July 31 as the polling date, a move immediately rejected by Prime Minister Morgan Tsvangirai. Zimbabweans are eager to go and cast their ballot and as the clock ticks down to Zimbabwe’s polling day, both leading…
HARARE – Financial group BancABC may have been able to stave off a potentially-explosive situation by paying off Belgium diamond dealer Mackie Diamonds BVBA (Mackie), but events leading up to its Wednesday nightmare could very well leave a bitter taste in the mouth. As information filtering through indicates that bank executives were barely given 30…
HARARE – Zimbabwe Stock Exchange-listed retailer OK Zimbabwe Limited (OK) said it will soon be expanding operations into the region as a way of boosting earnings and consolidating its foothold on the African continent. Willard Zireva, OK chief executive told analysts at the company’s full year results briefing that the retail giant has set its…
HARARE – South Africa (SA) will return assets and cash stashed in the country by the slain Libyan leader Muammar Gaddafi, Treasury said this week. The two governments agreed on “the repatriation from SA of Libyan funds”, totalling almost R10 billion. It is thought to include diamonds and gold. The assets were placed in SA…
