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Govt firms owe $2,2bn

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HARARE – Zimbabwe’s cash-strapped parastatals and town councils are currently saddled with unsecured debts amounting to $2,2 billion owed to various service providers, Finance ministry’s permanent secretary Willard Manungo revealed yesterday. He said that the obtaining depressed macro-economic environment in the country had resulted in most State-owned companies and town councils failing to pay for…

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Murowa to resume operations

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HARARE – Murowa Diamonds (Murowa) is expected to resume full scale mining operations in a few weeks’ time after it has finalised contracts of companies subcontracted to do work at the mine, deputy Mines minister Fred Moyo has said. This comes as concerns were raised by Senate last week over the 250 jobs losses after…

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Empowerment should bring accountability

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LONDON – It ought to be accepted as sound practice that when one uses services he or she should pay for them. It should also go without saying that when one borrows money, he or she should repay the debt. These obligations are commonsensical, universal, and their execution independent on one’s race or background. For…

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Mnangagwa is not heir apparent: Moyo

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HARARE- Vice President (VP) Emmerson Mnangagwa is not the heir apparent but just one of two appointed deputies of President Robert Mugabe, Zimbabwe’s influential and outspoken information minister Jonathan Moyo said yesterday. Speaking in a BBC HARDTalk interview with Steven Sackur, Moyo said Mnangagwa was appointed by Mugabe to assist him in implementing his government…

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Bhasikiti decreed to withdraw Chingwizi Parliament motion

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HARARE – THE ruling Zanu PF has ordered former Masvingo provincial minister Kudakwashe Bhasikiti to retract his motion from the National Assembly condemning government for failing to compensate Tokwe-Mukorsi villagers. Zanu PF legislators who briefed the Daily News yesterday said Bhasikiti was ordered to withdraw his motion during a ruling party parliamentary caucus meeting held…

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VPs at war

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HARARE – Amid Zanu PF’s seemingly intractable factional and succession wars, President Robert Mugabe now has to contend with another mindless battle that is brewing between his deputies, Phelekezela Mphoko and Emmerson Mnangagwa. At the heart of the new ruckus is a deadly fight over who is senior and more powerful between the two men who…

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Buyanga, Boka win share wrangle

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HARARE – Businessman Frank Buyanga’s Zimcor Trustees Limited and Boka Investments (Private) Limited have won in a property and share wrangle that had seen them being dragged to court by a UK-based tycoon. The two companies and Matthew Boka had filed an appeal with the Supreme Court, challenging a High Court decision which had reversed…

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Ringo Madlingozi in no-show

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HARARE – Green ambassador Derrick Mpofu has offered to resign following the no-show of music stars Ringo Madlingozi and Kunle Ayo at the Green Concert held at 7 Arts Theatre last Friday. Highly-rated South African musician Madlingozi and Nigeria-born jazz musician-cum-guitarist Ayo were billed to headline the Green Concert along with South African songstress Winnie…

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Delta plans $50m capex

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HARARE – Beverages manufacturer Delta Corporation, (Delta), plans to spend nearly $50 million in capital projects aimed at buttressing its operating capacity. Matts Valela, Delta financial director told businessdaily last week at the company’s analysts briefing that part of the capital expenditure (capex) would be used to invest in performing units to cushion the group….

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Dube’s fall should herald new era

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HARARE – Cuthbert Dube has fallen! His fall as the Zifa boss should breathe life in local football which has seriously regressed during the tenure of the deposed Harare businessman. Zifa councillors met in the capital on Saturday and wielded the axe on Dube and two other board members — Fungai Chihuri and Tavengwa Hara…

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