HARARE – Harare residents have demanded that council scraps fixed water charges rather than just lower them. In a development that could annoy Harare City Council (HCC), Precious Shumba, the Harare Residents Trust (HRT) director, said: “The City of Harare has come up with a largely unchanged budget which attempts to take into consideration the…
HARARE – Zimbabwe National Roads Authority (Zinara) is remitting paltry funds to the Harare City Council, city officials have said. Allan Markham, council’s finance chairperson, said the local authority is struggling to repair and maintain its 4 000 km surfaced roads since vehicle licensing was transferred to Zinara in 2010. “You are most probably aware…
HARARE – At least 46 Sino-Zim workers are now jobless after the company retrenched, the Daily News has heard. Sino-Zim is a joint venture company between the Zimbabwe government and China and has interests in the manufacturing sector, hotel and catering as well as agriculture, among other economic portfolios. The group is also involved in…
HARARE – In recent months, Iran has been making efforts to re-engage the international community after years of ostracisation and sanctions over, mainly, its nuclear programme. Like Zimbabwe, Iran has also been regarded as a rogue state. Former US president George Bush named Iran as part of the “axis of evil.” Condoleezza Rice, former US…
HARARE – With a depressed global outlook negatively affecting metal prices and viability of local miners, we would have expected the Zanu Pf-led government to be planning policies that will aid the recovery of the mining sector. But typical of the revolutionary party, its planned policy to ban the export of raw platinum without taking…
EDITOR — I vividly recall President Robert Mugabe saying, at a rally in Gwanda, that schools are not allowed to send back pupils home due to non payment of school fees. This was in line with Zanu PF’s election manifesto. There are many other election promises that he made which I believe the responsible ministries…
HARARE – David Murangari has resigned as managing director of Bindura Nickel Corporation (BNC). His resignation is with effect from November 11, 2013. The former Zimbabwe Chamber of Mines president — who joined the Mwana Africa Plc (Mwana) flagship subsidiary in May 2007 — will remain on the nickel producer’s board as deputy chairperson. He…
HARARE – Listed companies are opting for share buy-backs instead of recapitalising their businesses, further exacerbating the prevailing liquidity crunch, the Securities and Exchange Commission (SecZim) has said. This comes as most Zimbabwe Stock Exchange-listed firms have embarked on the scheme with more intending to. “What makes the practice worrisome for Zimbabwe, however, is the…
HARARE – Interfin Banking Corporation Limited (Interfin) is unable to attach Equity Properties (Private) Limited (Equity)’s 163 000-hectare Golden City estate after the High Court has annulled a mortgage bond in respect of the northern Harare estate. Although the same court had in July ordered the realtor to pay $2,4 million plus interest in unpaid…
BULAWAYO – Highlanders will on Wednesday switch their focus back to the Castle Premiership title race when they host tricky Triangle at Barbourfields Stadium as the Bulawayo giants seek glory on two fronts. Bosso are on a high after progressing to the final of the Mbada Diamonds Cup at the weekend at the expense of…
