HARARE – A South African businessman who was jailed for an effective three-and-a-half-years for 14 counts of contravening the Civil Aviation Act and the Immigration Act, has been granted bail by the same magistrate who convicted him. Fredrick Wilhelm August Lutzkie, 52, was jailed after he crashed his helicopter in Gwanda and buried the wreckage…
HARARE – A former international banking officer with BancABC reportedly manipulated a client’s account and fleeced more than $1 million through fraudulent bank transfers. Nhamoinesu Francis, 32, of 2032 Mainway Meadows, Waterfalls appeared before Harare magistrate Donald Ndirowei yesterday facing $1 006 088 fraud charges. He was remanded in custody pending his bail ruling. Prosecutor…
HARARE – Zimbabwean church leaders have slammed the deadly violence that broke out in Budiriro between members of Johanne Masowe weChishanu Madzibaba Ishamea Mufani’s sect, Apostolic Christian Council of Zimbabwe (ACCZ) officials and the police. The Zimbabwe Heads of Christian Denominations (ZHOCD), comprising of leaders from the Zimbabwe Catholic Bishops Conference, The Zimbabwe Council of…
HARARE – The High Court will today rule on a bail application by 24 members of the Madzibaba Ishamea Mufani’s Johanne Masowe Church, who are facing charges of assaulting police officers and journalists in Budiriro. The accused, through their lawyer Obey Shava, on Friday approached the High Court, arguing that Harare magistrate Vakayi Chikwekwe erred…
HARARE – Gokwe-Nembudziya legislator Justice Wadyajena’s tax woes and liabilities could have been bigger — had the taxman not “nicked” a portion of his penalties off the total bill, documents show. This comes amid revelations that the Zimbabwe Revenue Authority (Zimra) had directed Mayor Logistics (Private) Limited (Mayor)’s debtors, including Sakunda Energy (Sakunda), to remit…
LONDON – Social media sites were trending with various Zimbabweans for different reasons. However, amidst the tumult, I was amused to see the “hashtag” #musorowangu, a campaign spearheaded by Nyaradzo Mugarisanwa, a member of our Daily News Style Panel. This week Nyaradzo, a knitwear designer, is our guest columnist and talks us through the idea…
HARARE – Toronto Stock Exchange-listed gold producer Caledonia Mining Corporation (Caledonia) is considering expanding its operations from Zimbabwe into the region. Mark Learmonth, the miner’s vice president of corporate development and investor relations, said they were targeting English-speaking countries in sub-Saharan Africa such as Namibia and Zambia. “We have got $26 million cash, which is…
HARARE – Listed bricks manufacturer Willdale Limited yesterday listed its preference shares on the Zimbabwe Stock Exchange. The company recently raised $3,2 million in a rights offer which saw 10 percent semi-annual redeemable cumulative preference shares being snapped up at a subscription price of a $1,00 each. Willdale sought capital to restructure its balance sheet…
HARARE – The Zimbabwe Stock Exchange (ZSE)’s monthly turnover slumped 30 percent to $35,9 million in May from $51,3 million realised prior month, indicating depressed activity on the bourse. According to latest ZSE statistics, average market capitalisation for the period marginally increased to $4,5 billion from $4,47 billion in April. In May, foreign buys stood…
HARARE – The Zimbabwe International Film Festival (ZIFF), which will run from October 4 to 11, will this year be held in several cities in addition to the usual hosts Harare. ZIFF, whose theme this year is “Universal African”, will be held in Bulawayo, Harare, Masvingo, Mutare, Norton and Chitungwiza. “We will take the festival…
