EDITOR — I have noticed with great distress the crocodile tears many were shedding at the burial of the late Nelson Mandela. While it is customary to be sombre at such occasions, others are busy coming up with smart ways of cashing in on the late icon’s legacy. I have heard of Mandela walks that…
EDITOR — Chitungwiza Residents Trust (Chitrest) in its ongoing effort to avert government’s intended house demolitions yesterday successfully created a platform at Unit O in Seke, Chitungwiza in partnership with Zimbabwe Lawyers for Human Rights (ZLHR) to educate and sensitise Chitungwiza and Seke rural residents on their rights, particularly the right to shelter. Jeremiah Bamu,…
EDITOR — I am concerned with the chaos characterising the streets of Harare which has been especially made worse by our overzealous law enforcement agents. Everyday, we see vendors clashing with municipal police, commuter omnibus operators in dangerous fights with police — a situation which has seen an increase in deaths caused by such encounters…
HARARE – Africa-focused banking group ABC Holdings Limited (ABCH) has advised its shareholders to reject a mandatory offer by German-listed major shareholder, African Development Corporation (ADC). ABCH — listed on the Botswana and Zimbabwe stock exchanges — said the recommendation followed financial advisory firm Imara Botswana Limited (Imara)’s requested opinion on the “fairness and reasonableness”…
HARARE – Hospitality concern African Sun Limited (ASL) may delist from the Zimbabwe Stock Exchange (ZSE) after private equity group Brainworks Capital (Brainworks) increased its shareholding beyond the bourse’s prescribed threshold. Last month, Brainworks — through its subsidiary Lengrah Investments — increased its shareholding in ASL from 32 percent to 45 percent following a special…
HARARE – President Robert Mugabe yesterday said there was nothing wrong with local men taking many wives as long as it was done openly, raising questions on where exactly the president stands on polygamy. In a post-election change of heart, Mugabe told mourners at the burial of polygamist Eric Nyakudya Gwanzura, a veteran politician and…
HARARE – Opposition leader Morgan Tsvangirai yesterday joined over 4 500 guests at Nelson Mandela’s ancestral home of Qunu for the a final farewell to the man who united South Africa when it teetered on the edge of bloody conflict. Cyril Ramaphosa, deputy leader of the ruling African National Congress and one of the masters…
HARARE – The Zimbabwe government is pushing for a suspension on the seizure of mortgaged property, a move that might hugely affect lending businesses, analysts have said. Government last week moved a motion at a meeting to freeze acquisition of property, at a time when Zimbabweans are failing to meet their loan obligations. Economist John…
HARARE – President Robert Mugabe has warned financial institutions to stop abusing depositors’ funds, but economists are blaming the collapse of local indigenous banks on worsening liquidity crunch and the tough economic environment in the country. The veteran Zanu PF leader on Friday told thousands of his party members at the party’s annual congress in…
BULAWAYO – Simba Chiriya, 36, a former regional manager with the British American Tobacco Zimbabwe (BAT) and Mandizvidza Biza, a marketing representative have been hauled before the courts on allegations of stealing $17 000 from the company. The two appeared before Bulawayo magistrate Gladmore Mushove on theft charges. They were not asked to plead and…
