HARARE – Listed diversified group Innscor Africa Limited (Innscor) recorded $1 billion revenue in the year to June 2014, up 54 percent from $656 million realised prior year. The group said performance of its units was below expectation despite the revenue being a record in Zimbabwe since dollarisaton in 2009. Its chairman David Morgan said…
HARARE – National Foods Holdings Limited (National Foods) profit surged by 20 percent in the year to June 2014 to $16,7 million from $13,9 million recorded prior year on the back of increased sales volumes. The group’s chairman Todd Moyo said the company recorded an eight percent volume growth compared to the previous financial year….
PRETORIA – South African athlete Oscar Pistorius has been found guilty of culpable homicide after the judge found he killed his girlfriend by mistake. Judge Thokozile Masipa said the athlete acted “negligently” when he fired shots through a toilet door, but in the “belief that there was an intruder”. She said the state had failed…
HARARE – A fierce inferno gutted another house belonging to Vice President Joice Mujuru, in Damofalls, Ruwa yesterday — three years after her decorated liberation war hero husband Solomon Mujuru’s remains were found after a mysterious fire at their farmhouse in Beatrice. In a statement, police spokesperson Charity Charamba confirmed that the nine-roomed house was…
HARARE – Jocelyn Chiwenga, the ex-wife of commander of the Zimbabwe Defence Forces Constantine Chiwenga, has been evicted from her Shamva farm after the High Court issued a divorce decree. A writ of ejectment issued on Wednesday by High Court Justice Andrew Mutema saw Jocelyn being evicted immediately together with all her property, including clothes….
HARARE – Finance minister Patrick Chinamasa yesterday unveiled a raft of measures and taxes to shore up Zimbabwe’s finances, in a development likely to overburden its already hard-pressed citizens. In his mid-term fiscal policy, the ex-Justice minister imposed a 20 percent hike in excise duty for petrol and diesel, as part of desperate measures to…
HARARE – The amendments to Zimbabwe’s Electoral Act do not go far enough to guarantee free and fair elections, opposition political parties have said. The Electoral Amendment Bill, signed into law by President Robert Mugabe last month, aligns itself with the democratic provisions of the new Constitution, according to government, and replaces the temporary law…
HARARE – Justice minister Emmerson Mnangagwa has implored the National Assembly to get tough on ministers who abscond Parliament. Questions of national importance posed during Parliament’s question and answer session are going unanswered due to the non-appearance and in some cases, late arrival of cabinet ministers. The sessions, held every Wednesday, consist of questions with…
HARARE – A senior Harare lawyer is demanding $35 000 from a fellow lawyer who he claimed defamed and “extorted” money from him. Tinofara Kudakwashe Hove has since filed a High Court application under case number HC 9345/13 demanding payment from Gift Maseko of Sawyer and Mkushi Legal Practitioners, and Clear Gumunyu and Maxwell Gumunyu….
HARARE – The first-ever summit of the World Alliance of Religions for Peace (WARP) will be held in Seoul, South Korea from September 16 to 19, with thousands of people including leading politicians as well as secular and religious leaders from all faiths, nations and cultures expected to attend the gathering meant to foster world…
