NEW YORK – Mexican billionaire Carlos Slim is suggesting that workers shift to a three-day work week. The catch: He would require 11-hour work days and workers to stay on the job until age 70 or 75. The Financial Times reported that in a speech at a conference in Paraguay, Slim advocated a radical change…
HARARE – President Robert Mugabe’s claim that Zimbabwe was undergoing robust economic growth was yesterday questioned by economic and political analysts. Mugabe told delegates at the President’s Medal Shoot prize-giving ceremony at Cleveland Rifle Range in Harare on Sunday that the economy was on a recovery path. He claimed government was going to employ several…
HARARE – Patrick Chinamasa, the Finance minister, yesterday said government was not yet ready to compensate depositors who lost their money held in banks during the change-over from local to the multiple currency system in 2009. Chinamasa told the parliamentary portfolio committee on Finance that he was yet to receive a correct formula on how…
MASVINGO – A local farm owner is battling for life at Masvingo Provincial Hospital after he was struck by an axe on the head by marauding war veterans. The ex-liberation fighters were invading his farm in Masvingo East. Mufaro Mukaro of Mudspruit Farm is in a medical comma at the provincial referral hospital where he…
HARARE – Opposition leader Morgan Tsvangirai is heading to the United Kingdom to deliver a keynote address at Chatham House, a leading political think tank. Tsvangirai will be the guest speaker on Friday at the British Royal Institute of International Affairs, better known as Chatham House. He will speak on the “The Future of Opposition…
HARARE – National tax collector, the Zimbabwe Revenue Authority (Zimra), collected $1,72 billion in taxes in the half year to June 2014, against a target of $1,74 billion, resulting in a negative variance of one percent. “An improvement in the economic outlook as envisaged under the economic blueprint ZimAsset would boost revenue performance,” Zimra commissioner-general…
HARARE – The High Court has barred journalists from covering the on-going tax appeal cases, with top South African lawyer Adrian de Bourbon threatening to sue a State-controlled newspaper over a report it carried in yesterday’s edition. High Court judge Samuel Kudya yesterday asked journalists to vacate the court in a matter in which some…
MASVINGO – A health disaster is looming at Chingwizi Transit Camp after non-governmental organisations offering sanitation assistance pulled out, a senior government official has warned. Felix Chikovo, the Masvingo provincial administrator, told a provincial development council meeting here that the situation was dire as the holding camp was left with less than a month’s supply…
JOHANNESBURG – Jake White’s loyalty to and investment in his players have paid off handsomely for the Sharks, writes MARK KEOHANE in Business Day. White invested in former SA U21, Wallabies and Brumbies winger Clyde Rathbone when even the player didn’t believe in his ability to play rugby. And now White has shown his loyalty…
HARARE – Dynamos have agreed terms with South Africa’s Absa Premiership side University of Pretoria for the transfer of defender Partson Jaure. The Glamour Boys’ secretary general Webster Chikengezha confirmed to the Daily News yesterday that an agreement between the two clubs has been reached but could not divulge the price. The Daily News is,…
