NEW YORK – Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Company after exercising warrants to double his stake in the publisher to 16.8%. Entities affiliated with Mr Slim exercised the warrants he bought in 2009 when he loaned the company $250m during the height of the financial crisis. New…
HARARE – Forestry group Border Timbers Limited (Border Timbers) could be suspended from the Zimbabwe Stock Exchange (ZSE) after it applied to be placed under judicial management to fend off creditors, market analysts have said. The application, made last month, was mainly prompted by litigation from one of its major creditors. While the ZSE’s chief…
HARARE – Zimbabwe’s 2015 tobacco selling season preparations are on course, with auctions widely expected to begin by the traditional mid-February, although the late rains may affect commencement, the Tobacco Industry Marketing Board (TIMB) said. Andrew Matibiri, the TIMB chief executive, yesterday told businessdaily that in the meantime, the Board awaits the nod from relevant…
HARARE – Fissures have emerged within the Zimbabwe Professional Cricketers Association (ZPCA) executive committee with some members distancing themselves from the recent ouster of chief executive Eliah Zvimba. And now the saga has taken on a new twist, with members of the committee accusing teammate Prosper Utseya of currying favour with Zimbabwe Cricket (ZC) by…
HARARE – For three consecutive years between 2009 to 2011, Stephen Muzhingi dominated the world’s toughest road race — the renowned Comrades Marathon held in South Africa. Run annually between the cities of Durban and Pietermaritzburg over 90km, it is the world’s oldest and largest ultr-marathon race. To extend his dominance, Muzhingi went a step…
HARARE – Sikandar Raza Butt’s unbeaten 106 runs from 111 balls propelled Mashonaland Eagles to second position in the Pro 50 Championship with an eight-wicket win over log leaders Matabeleland Tuskers here yesterday. The Eagles opening batsman was in a no-nonsense mood, hitting 13 boundaries and a six and his 142-run second wicket partnership with…
HARARE – Zimbabwe A coach Shepherd Makunura has called on Zimbabwe Cricket (ZC) to avail more game time for the country’s second-string side as a way of bridging the gap between national team players and those in the fringes. Makunura made the remarks following the completion of Canada’s four-match limited overs tour here, won 3-1…
HARARE – The labour dispute between Zimbabwe Cricket (ZC) and former employee Andrew Muzanhindo has taken a new twist with ZC staffers whose official cars were seized by the Deputy Sherriff late last year now claiming that the vehicles are personal property. The employees have filed interpleaders claiming that the cars attached by Muzamhindo do…
HARARE – The Premier Soccer League (PSL) was holding a pre-season executive meeting last night, with indications that several stadia across the country will be deemed unfit to host top-flight games in the new season. PSL chief executive Kenny Ndebele last night said stadia used by both promoted clubs and old ones will undergo inspection…
HARARE – Ximex Mall has been demolished to make way for a car park, causing outrage among hustlers and real estate agents. Once a paradise for Harare’s hustlers, the mall was knocked down last year amid reports the owners wanted to construct an 11-storey building. The double-storey Ximex was on prime real estate in the…
