HARARE – A bogus Central Intelligence Organisation (CIO) officer was arrested at Charge Office Bus Terminus last weekend. Courage Zaranyika is alleged to have been in the business of threatening people with a gun and fake CIO identity card. Magistrate Rekina Dzikiti set the matter to September 17 for trial and ordered Zaranyika to pay…
HARARE – Tuku’s first wife, Melody, fondly recalls dating the man who became her husband and Zimbabwe’s most influential musician and father of her two daughters, Sandra and Selmor. Melody remembers the blissful marriage and how and why it collapsed. Now read on, the extracts from the chapter “Ex-wife Tales” in Melody’s own words: I…
HARARE – Micro finance institutions’ loan disbursements grew to $170 million in March this year from $164 million in December 2013 despite exorbitant interest rates, reflecting Zimbabweans’ huge appetite for loans. The lenders, charging between 20 and 30 percent interest per annum, provide short-term loans to hard pressed individuals as well as small and medium…
HARARE – Zimbabwean banks’ aggregate profits surged by 182 percent to $13,84 million in the half year to June 2014 compared to $4,9 million in prior comparable period. Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, said the banking sector remains generally profitable as at June 30, 2014. “A total of 12 banks recorded profits…
HARARE – Zimbabwe’s uncertain policy environment remains a concern despite the country improving in global competitiveness ratings, a latest World Economic Forum (Wef) said. In its Global Competitiveness Report for 2014-2015, the think-tank said the southern African nation’s policy environment needs urgent attention. “(Zimbabwe’s) public institutions continue to receive a weak assessment, particularly related to…
HARARE – Zimbabwe’s largest platinum producer Zimplats has set aside $10 million for the Community Share Ownership Trust (CSOT), with government yet to approve the miner’s indigenisation plan. In January last year, the Australia Stock Exchange-listed miner — 87 percent owned by South Africa-based Impala Platinum Holdings — agreed to sell a stake to locals,…
HARARE – Prophet Walter Magaya says he has ventured into football with the aim of delivering the sport from rampant “Satanism and Juju”. The Prophetic Healing and Deliverance Ministries leader was speaking during the launch of the Yadah TV World Navi Northern Region Super 8 tournament yesterday, which he is bankrolling to the tune of…
HARARE – CAPS United president Twine Phiri has described as “baseless” reports that the club is facing serious financial problems due to mismanagement. In a season that promised so much at the four-time Zimbabwean champions, Makepekepe however find themselves in familiar state of disarray, with players last week threatening to boycott a league match away…
HARARE – CAPS United great Mpumelelo Dzowa – who puts his career medal tally with Makepekepe at 37 – says his beloved club’s fortunes probably began to wane after it was infiltrated by individuals who treat the team as a “cash machine” and “milk cow.” Dzowa, who played for one of the better CAPS United…
BULAWAYO – The Highlanders executive has backed under-fire coach Kelvin Kaindu following weekend’s humiliation 4-1 defeat by Dynamos in the TM Pick n Pay Challenge Cup final at the National Sports Stadium. Bosso, who have failed to beat Dynamos in a competitive match since 2006, continue to suffer at the hands of their fiercest rivals…
