HARARE – London-listed Mwana Africa Plc (Mwana) profit slumped 86 percent to $7 million in the full year to March 31, 2015 from $50,6 million due to high unit costs. However, Mwana executive chairman Yat Hoi Ning yesterday said despite the latest setbacks, the resources firm has set its eyes on opportunities in other southern…
HARARE – The Zimbabwe National Chamber of Commerce (ZNCC) says the recent Supreme Court labour rulings will help revive struggling companies operating under the current harsh economic environment. ZNCC chief executive Christopher Mugaga on Tuesday told journalists in the capital that while the rulings had cost many people their livelihoods, the Court’s decisions would “pay…
HARARE – Zimbabwe’s mining royalties missed the half year target by 39 percent on the back of depressed international mineral prices, the Zimbabwe Revenue Authority (Zimra) has said. The national tax collector’s chairperson Willia Bonyongwe yesterday said mining royalties contributed $39,8 million against a target of $64,9 million, and were 65 percent down compared to…
HARARE – As the factional and succession wars devouring President Robert Mugabe’s ruling Zanu PF get nastier and messier, two of its purged stalwarts — former Vice President Joice Mujuru and ex-Presidential Affairs minister Didymus Mutasa — say they are content watching “the sad circus from the terraces”. At the same time, outspoken war veteran…
HARARE – Parliament yesterday moved to have Zanu PF political commissar Saviour Kasukuwere arrested on charges of showing contempt for the august House, as the deadly factional and succession wars disembowelling Zanu PF continue to play out in public. Chairperson of the parliamentary committee on Indigenisation and Economic empowerment Mayor Wadyajena — who is said…
HARARE – The Constitutional Court has reserved ruling in a case in which four parents of Jehovah’s Witnesses pupils attending the Anglican Church-owned Arundel School are challenging the institution’s decision to compel every student to attend religious sessions at the school. Amos Makani, Mbiri Shiripinda, Plaxedes Chipangura and Daniel Sakupwanya, who were represented by Tererai…
HARARE – Two men have arrived at court in Zimbabwe facing charges over the killing of Cecil, the country’s most famous lion. Professional hunter Theo Bronkhorst and farm owner Honest Ndlovu, are charged with poaching offences for not having the required hunting permit. US dentist Walter Palmer shot the animal with a bow and rifle….
HARARE – Amid claims that President Robert Mugabe no longer believed that former Vice President Joice Mujuru had plotted to oust and assassinate him, it is now also being suggested that some post-congress Zanu PF bigwigs are actively working to lure her back to the warring party. Sources within both the post-congress Zanu PF led…
HARARE – As Zanu PF’s deadly factional and succession wars continue to escalate, it has been learnt that paranoid bigwigs are becoming increasingly suspicious of the aides that are seconded to them from the country’s dreaded Central Intelligence Organisation (CIO). A well-placed source told the Daily News yesterday that so fearful had many Cabinet ministers…
HARARE – Incarcerated Independent End Time Message leader Robert Martin Gumbura’s lawyer yesterday slammed the state for conspiring to reopen his trial on a further rape charge. Gumbura is serving a 40-year jail term. He is represented in the latest case by Tapson Dzvetero, whose application for the matter to be postponed to August 3…
