HARARE – South Africa-based cement maker PPC is mulling right sizing its Zimbabwean unit as part of strategies to contain costs. Richard Tomes, joint managing director for South Africa, said their distribution costs relative to competitors were slightly higher because they are far away from the main market. “That sort of justifies our Zimbabwe project,”…
HARARE – Cigarette manufacturer British American Tobacco (BAT) says its trading is flat, with volumes one percent lower in the five months to May 2014 compared to prior comparable period. Its managing director Lovemore Manatsa said he expects improved volumes in the second half of the year, adding that the current performance is normal during…
EDITOR — It is sad to note that cases of domestic violence are skyrocketing. Domestic violence and abuse can happen to anyone, yet the problem is often overlooked, excused, or denied. This is especially true when the abuse is psychological, rather than physical. Noticing and acknowledging the signs of an abusive relationship is the first…
HARARE – Reserve Bank of Zimbabwe (RBZ) governor — John Panonetsa Mangudya — has what it takes to restore confidence in the banking sector. His acceptance speech was laced with the right indicators, signposting some of the areas that need action, going forward. Two things loomed large in his maiden speech — living within our…
HARARE – A scramble to endorse President Robert Mugabe’s candidacy for the 2018 national elections has strengthened views that Zanu PF factions have been desperate to outdo and block each other in the race to succeed the 90-year-old leader. These self-serving moves come as the Zanu PF leader is buffetted by a myriad of health…
HARARE – Businessman Phillip Chiyangwa has fixed his problems with wife Elizabeth — meaning the latter’s epic $230 million divorce ultimatum is off the plan, it emerged yesterday. While the Native Investments Africa Group founder would not be drawn to comment on the issue yesterday, a family spokesperson confirmed the development and issue, saying the…
HARARE – Chief Justice Godfrey Chidyausiku yesterday presided over the pre-trial hearing of the constitutional application lodged by Bikita West MP Munyaradzi Kereke, who is seeking to push the Zimbabwe Anti-Corruption Commission (Zacc) to investigate former Reserve Bank governor Gideon Gono on graft charges, allegedly committed during the time he was at the helm of…
HARARE – Former MDC deputy treasurer Elton Mangoma yesterday told a Harare magistrate that he was attacked by party activists in February because of a letter he wrote to Morgan Tsvangirai asking him to step down from the presidency. Mangoma was testifying during the trial of Francis Mafimbidzofa, Enock Mukudu, Stefani Tafadzwa Jahwi, Samson Tumai…
HARARE – Members of Parliament yesterday called for the resignation of State-owned bus operator Zupco’s board members on accusations of incompetence. The parliamentary portfolio committee on Local Government, Public Works and National Housing chaired by Mutasa South MP Irene Zindi, noted that Zupco has had six chief executive officers since 2009, a situation MPs felt…
HARARE – Zimbabwe uses at least $7 million on condoms annually, latest statistics in the National Spending Assessment (Nasa) validation report show. The National Aids Council (Nac) believes prevention activities, including condom distribution, should be scaled-up to avert retrogression in the battle against the epidemic. Teresa Guthrie, executive director of the Centre for Economic Governance…
