HARARE – The Zimbabwe Stock Exchange (ZSE) yesterday awarded a contract to supply and install the bourse’s automation system to Infotech Middle East FZ LLC (Infotech). “On July 2013 we announced the appointment of Central Depository Settlement Company of Mauritius as our consultant to the automation project. The consultants have since successfully guided us through…
HARARE – Milk processor Dairibord Holdings (Dairibord) plans to spend $10 million in capital expenditure this year, targeted at consolidating its market share. Its chief executive Anthony Mandiwanza said the funds will be spent on plants upgrade and procurement of new equipment to boost capacity and efficiencies. “We are also looking at investing in marketing…
EDITOR — The government is largely made up of people who are over 65 years of age yet the Constitution stipulates that the pensionable age of a Zimbabwean is 65 years. We are shooting ourselves in the foot. A study of the top government workers shows they are past their retirement age. Infact, if they…
HARARE – After the death of many young people looking for jobs in Nigeria last week, the people of that country must have asked the 64-million naira question: how much is our president worth in terms of performance? The same question could also be asked of Zimbabwean President Robert Mugabe, who only recently said he…
HARARE – Six months after government launched its ambitious economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), the country’s economy is still experiencing a steep decline. Statistics unveiled by the Zimbabwe Statistical Agency last week revealed that the economy, which showed signs of life during the 2009-2013 era of the inclusive government, is…
HARARE – For most Zimbabweans, these are trying times. The country has entered a period of deflation, salaries for those lucky to be still employed are depressed amid a tightening liquidity crisis and basic goods remain priced out of the reach of many. But even as the economy shows signs of imploding, the country is…
HARARE – President Jacob Zuma should resign within 20 days, EFF leader Julius Malema said yesterday. “Zuma should step down. If he fails to do so within 20 days, the EFF will march to the Union Buildings… and we will not leave the premises until he resigns,” Malema told supporters outside the Sunnyside Police Station…
HARARE – Apart from crying in Parliament and calling himself “the most obedient son of President Robert Mugabe”, Obert Mpofu’s continued tenure in cabinet has come under increased scrutiny. While the Umguza legislator is wealthy — and as compared to the majority of Zimbabweans who are wallowing in abject poverty — Mpofu’s handling of various…
HARARE – Jailed Independent End Time Message founder Robert Martin Gumbura has filed an application for bail pending appeal at the High Court after a Harare magistrate ruled that he had no jurisdiction to hear the matter. Gumbura is currently serving a 40-year prison term. He was convicted by Harare regional magistrate Hosea Mujaya on…
HARARE – Serial armed robber Simba Muchengeti has committed suicide at Shurugwi Police Station. Muchengeti allegedly committed a spate of armed robberies in Ngundu but was recently apprehended by the police and held in detention awaiting his court appearance. While national police spokesperson Charity Charamba said she was yet to receive information pertaining to the…
