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TA Holdings takeover on course

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HARARE – Investment group TA Holdings Limited (TA) is seeking applicable regulatory approvals to prepare for its takeover by London-listed Masawara’s wholly-owned subsidiary, Masawara Mauritius. This comes as the Zimbabwe Stock Exchange-listed conglomerate recently received an offer from Masawara Mauritius to acquire 58,96 percent of the company’s ordinary issued share capital. Masawara currently holds an…

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Zimplats shuts Bimha Mine

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HARARE – Zimbabwe’s largest platinum producer, Zimplats, could lose up to $100 million following the closure of its Bimha Mine. Alex Mhembere, chief executive of the Australia Stock Exchange-listed firm yesterday said the mine, which collapsed last month, would be indefinitely shut down “in order to safeguard the safety of underground personnel and equipment”. “A…

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Clampdown on human rights defenders unwarranted

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EDITOR — The arbitrary arrest of human rights defenders, including that of youths who were part of a peaceful demonstration over the Zanu PF government’s failure to provide the jobs it promised in its election campaign manifesto should be condemned in the strongest terms. Among the people arrested was journalist, Angela Jimu who was assaulted…

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Cde Sibanda, women can also do it

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HARARE – In a recent interview with the Daily News, war veterans’ leader Jabulani Sibanda claimed the ruling Zanu PF party had gone off the rails owing to “endemic nepotism and corruption”. According to the news article, Sibanda claimed that the party allocated most of the proportional representation parliamentary seats to those women whose husbands…

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RBZ payment of debts welcome

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HARARE – The recent move by the Reserve Bank of Zimbabwe (RBZ) to start making payments of the over $1,2 billion debt it owes to creditors is a welcome development in the economy. This will not only bring confidence in the country’s fragile banking sector but will also help in attracting investors into the economy….

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Police quiz Henrietta over Magaya

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HARARE – Police yesterday quizzed former Zifa boss Henrietta Rushwaya over extortion charges, after she was implicated in the on-going Prophetic Healing and Deliverance (PHD) Ministries case involving a man who claims the church’s leader Prophet Walter Magaya’s had an affair with his wife. Rushwaya, who is also a member of the PHD Ministries Church…

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Mugabe’s 2018 plan greeted with scorn

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HARARE – The ruling Zanu PF’s plans to field President Robert Mugabe as its presidential candidate in 2018 elections has been greeted with widespread disbelief and scorn by his foes. The Zanu PF Women’s League’s sixth congress that ended last weekend agreed to rally around the candidacy of Mugabe, who will be 94 at the…

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MDC protesters seek Con-Court referral

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HARARE – Seven MDC activists accused of obstructing or endangering free movement of people and traffic yesterday said they wanted their matter referred to the Constitutional Court. The MDC youths said they had a constitutional right to demonstrate. They said this after they appeared in court for their initial remand hearing. The accused are MDC…

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Government to impose farm rent

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HARARE – Ressetled farmers will soon pay rentals on their properties in a move government hopes will spur them to fully utilise their land, a Cabinet minister has said. Lands and Rural Settlement minister Douglas Mombeshora told the Daily News in a telephone interview yesterday that he was working closely with Local Government minister Ignatius…

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Chitungwiza suspends 200 workers

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HARARE – Chitungwiza Municipality has suspended over 200 workers for being absent from duty without authority, as well as inciting others to embark on an illegal strike. The strike was held last month. Earnest Chikwaro, the acting secretary of the Zimbabwe Urban Council Workers Union (ZUCWU), yesterday told the Daily News that the city fathers…

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