HARARE – The Insurance and Pensions Commission (Ipec) has suspended four insurers and an insurance broker from issuing or renewing insurance policies due to unsound finances and unethical business conduct. “Excellence Insurance Company (Private) Limited is under suspension as its financial position was unsound, as was Global Insurance Company (Private) Limited,” Ipec said adding that…
HARARE – The High Court has upheld the ouster of three former ReNaissance Financial Holdings Limited (RFHL) directors namely Christopher Chetsanga, Monica Mukonoweshuro and Collin Kuhuni, putting an end to a four-year legal wrangle. In a ruling last week, High Court Judge Owen Tagu declared all actions and decisions executed by the board post January…
HARARE – The ministry of Primary and Secondary Education has dispelled reports that it will be slashing salaries of teachers who fail to produce good results. A fortnight ago, State media reported that government will resort to cutting salaries in order to improve the country’s quality of education. The media reports also added that the…
HARARE – Unable to respond to the unrelenting pummelling that they are receiving from Zanu PF’s Young Turks — the Generation 40 (G40) — the ruling party faction aligned to embattled Vice President Emmerson Mnangagwa is once again agitating for Higher Education minister Jonathan Moyo to be expelled from the party. Well-placed Zanu PF sources…
HARARE – A campaign to prop up Vice President Emmerson Mnangagwa to replace President Robert Mugabe started way back in 2014 and under-fire permanent secretary in the Information ministry George Charamba brought the subject into the public domain in June last year. Charamba, who is accused by the Generation 40 faction and former Zanu PF…
HARARE – The sayings that lies have short legs and that no one can ever keep a good person down forever have been confirmed in the most dramatic fashion in the case of Zanu PF’s worsening factional and succession wars. For the better part of the past five years, the country’s leading daily newspaper, the…
HARARE – Amid stunning revelations that the Zanu PF faction behind President Robert Mugabe’s embattled deputy, Emmerson Mnangagwa, is reaching out to former Vice President Joice Mujuru and her followers, the widow of the late liberation struggle icon, General Solomon Mujuru, says the idea is “a non-starter”. Addressing the leadership of her movement, People First,…
HARARE – Zanu PF bigwigs are anticipating an explosive meeting when the party’s politburo meets in Harare on Wednesday, as the mindless bloodletting within the former liberation movement continues to escalate. Well-placed sources told the Daily News on Sunday yesterday that so high were emotions within the two major party factions that are at war…
HARARE – A pumped-up opposition leader — Morgan Tsvangirai — said yesterday that only the “total” removal of Zanu PF from power, and not just the inevitable exit of President Robert Mugabe from high office would change Zimbabwe’s fortunes for the better. The former prime minister during the government of national unity told reporters at…
HARARE – A defiant Higher and Tertiary Education minister, Jonathan Moyo, has vowed to continue using social media despite efforts by his Zanu PF enemies to silence him. Were Moyo’s Zanu PF detractors to get their way, this would benefit the party faction behind embattled Vice President Emmerson Mnangagwa’s mooted presidential ambitions. In a terse…
