HARARE – The Defence ministry has failed to account for $2 million in the year ended December 2016, the Auditor-General (AG) has said. AG Mildred Chiri carried out the probe of the ministry in line with her fiduciary mandate to investigate all ministries’ appropriation and finance accounts, revenue statements and fund accounts under the Public…
HARARE – Finance minister Patrick Chinamasa said he is against the current lifestyle audit being carried out by various statutory boards on a number of individuals across the country. Chinamasa said the audits, which are being done to combat corruption, are “inaccurate and inhumane.” “You know we have had a debate in my ministry over…
HARARE – Government is likely to regain its 23,5 percent stake in ZB Financial Holdings (ZBFH) after businessman Nicholas Vingirai threatened to pull out of the banking group due to shareholder disagreements. Market experts, however, said the divorce could have serious negative implications on the listed financial services group which is on a recovery path…
EDITOR — The Election Resource Centre (ERC), notes with concern the reintroduction of the proof of residence as a prerequisite for one to register to vote without any other alternative. This happening ahead of the imminent voter registration exercise potentially threatens the principle of inclusivity which is desirable for credible elections to be attained. The…
NEW YORK – Donald Trump has said he doesn’t want “a poor person” running the economy of the United States and has defended his decision to appoint wealthy individuals to his cabinet. Speaking to his supporters in Iowa on Wednesday, Trump said: “Somebody said why did you appoint a rich person to be in charge…
HARARE – Allies of Saviour Kasukuwere put up a spirited defence on Wednesday to prevent the politburo from referring the embattled Zanu PF national political commissar’s case for further investigations by State security agents who are seen as more sympathetic to their rivals, the Daily News heard yesterday. Going into the eagerly-awaited indaba with their…
HARARE – The family of the late liberation stalwart and musician Dick “Cde Chinx” Chingaira has passed on the chance to bury him at Harare Provincial Heroes Acre — instead opting to have him interred at the Glen Forest Cemetery — with his national hero status snub by Zanu PF spilling into Parliament yesterday where…
HARARE – Readers of the Daily News, Daily News on Sunday, the Weekend Post, the Financial Gazette and the Sunday Times in Harare and Bulawayo can now purchase copies of their favourite titles using EcoCash ta! Associated Newspapers of Zimbabwe (ANZ) — publishers of the Daily News, the Daily News on Sunday and the Weekend…
HARARE – African Banking Corporation is foreclosing former Premier Service Medical Aid Society (Psmas) chief executive officer Cuthbert Dube’s four-bed roomed home, seized after failing to settle bad debt. This comes amid a surge in foreclosures representing a new wave of distressed property seizures triggered by the ongoing financial squeeze, analysts say, with many banks…
HARARE – Zimbabwe’s government-owned mobile firm NetOne has said it paid its former chief executive officer Reward Kangai $247 000 following the termination of his employment contract. Kangai was sent on forced leave in March 2016 after the company’s board sanctioned a forensic audit into the affairs of the country’s second largest mobile phone operator….
