HARARE – President Robert Mugabe is retaining dead wood and old guard as ministers while new Members of Parliament and senators like Supa Mandiwanzira, Paul Chimedza, Tabitha Kanengoni, Tongai Muzenda, Christopher Mutsvangwa, Munacho Mutezo, Tendai Savanhu, Paul Mavhima, Joel Biggie Matiza, David Parirenyatwa, Simbaneuta Mudarikwa, Fortune Chasi, Dzikamayi Mavhaire, Fred Moyo and Abgail Damasani will…
HARARE – Zimbabwean banks have been ranked among the worst financial institutions in the world due to low capitalisation levels and systemic risks inherent in the economy. According to the World Economic Forum (WEF)’s global competitiveness 2013 to 14 report released recently, the country was ranked 137 out of 148 countries on soundness of its…
HARARE – Old Mutual (OM) plans to cede a 3,5 percent stake worth $13 million to Stiefel Investments (Stiefel) led by the group’s former managing director Luke Ngwerume, as part of its indigenisation compliance plan. Laurence Karumazondo, OM’s company secretary, yesterday said the company will seek shareholders’ approval of the transaction at an annual general…
HARARE – DuPont Pioneer Zimbabwe (DPZ) plans to double its seed production to 24 000 tonnes per annum in the next five years. This comes on the back of United States-based DuPont Pioneer — the second largest seed producer in the world — recently acquiring an 80 percent stake in Pannar Seeds and renaming the…
HARARE – Zimbabwean troops in the Democratic Republic of Congo (DRC) were fed by controversial businessman John Bredenkamp, the High Court has been told. In his evidence-in-chief against the controversial 73-year-old businessman, who is accused of a $4,2 million fraud, self-styled financier Yakub Ibrahim Mohammed told the High Court yesterday that the cash that Bredenkamp…
HARARE – Opposition parties have come out guns blazing against President Robert Mugabe for crippling government operations by delaying the announcement of a new Cabinet. However, Zanu PF yesterday said the nation should be patient. Although Mugabe won elections resoundingly, albeit in controversial circumstances on July 31, the 89-year-old is yet to compile a Cabinet…
HARARE – The trial of former Big Brother Africa reality TV winner Wendall Parson commenced yesterday with Siphatisile Sibanda from Alliance Insurance Company testifying. Sibanda indicated that Parson, who is being jointly charged with his brother William, submitted a false insurance claim for a car that had not been insured. She told the court that…
HARARE – Zimbabwe Electoral Commission (Zec) deputy director of public relations Tendai Pamire yesterday contradicted himself in court in the ongoing trial of Morgen Komichi. Pamire, whose cross-examination was continuing, said his statement to the police indicating that the ballot papers were marked in favour of Morgan Tsvangirai’s MDC was what he had heard in…
HARARE – Police in Harare have banned a planned march against violation of workers’ rights in Zimbabwe. Zimbabwe Congress of Trade Unions (ZCTU), the country’s largest labour union, wanted to mark the September 14, 2006 police brutality which saw trade unionists Wellington Chibebe and Lovemore Matombo, among other high profile officials, severely assaulted by police…
MUTARE – The lawyer representing dismissed Mutare provincial magistrate, Charles Murove is looking to have his sacking reviewed by the Labour Court. Murove was sacked from the Judicial Services Commission (JSC) on August 21 after a disciplinary committee found him guilty of “gross incompetence, negligence, and inefficiency”. He was also found guilty of “conduct leading…
