HARARE – Former Foreign Affairs minister Walter Mzembi has filed a $10 million defamation lawsuit against the Zimbabwe Anti-Corruption Commission (Zacc) commissioner Goodson Nguni, following a press report alleging the ex-politburo member was on the run. According to the summons filed at the High Court on Wednesday, Mzembi claimed the press statement was made on…
HARARE – Former Local Government minister Saviour Kasukuwere’s brother, Stanley, is facing civil imprisonment after failing to pay $100 000 that he owes to Tian Ze Tobacco for tobacco inputs advanced to him by the company. “Applicant’s (Tian Ze Tobacco) business is the financing of tobacco production through sale of the tobacco inputs and purchase…
HARARE – The 2017 Ordinary Level English examination paper will be re-written on February 16, the Primary and Secondary Education ministry said yesterday. In the statement, minister Paul Mavima said the re-write was arrived at after much consideration as there had been widespread cheating in the paper which was exacerbated by social media reports. This…
HARARE – A Harare man Timothy Trombas has inexplicably withdrawn his adultery-damages appeal — in the Supreme Court — against cigarette tycoon Simon Rudland. The two have been tussling over a number of cases, including theft and abuse of property, which the latter had brought against the self-styled social counsellor. “Take notice that the appellant…
HARARE – During the inclusive government between long-time rivals — deposed president Robert Mugabe and opposition MDC leader Morgan Tsvangirai — a statement which goes; “We eat what we kill” became very common. The phrase, commonly used by then Finance minister Tendai Biti, simply meant living within the budget. At the time, the “living within…
HARARE – The Diaspora Infrastructure Development Group (DIDG), in partnership with South Africa’s Transnet will next week deliver the first consignment of 13 locomotives and 200 wagons as part of the $400 million National Railways of Zimbabwe (NRZ) recapitalisation. DIDG executive chairperson Donovan Chimhandamba told The Financial Gazette that the team will use the event,…
HARARE – Zimbabwe’S financial institutions have recorded a 34 percent surge in profits during 2017 to $242 million from $181 million in 2016, despite tight liquidity and deteriorating economic conditions. Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said 18 out of the 19 operational financial institutions had posted profits in 2017, with the sector’s…
HARARE – Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has vowed to keep the country’s inflation below four percent this year. However, the veteran banker has a tough job ahead of him as inflation topped 3,46 percent by end of December last year, with some market experts predicting that Zimbabwe’s year-on-year inflation is already…
HARARE – The African Medallion Group (AMG) has joined the Jewellers Council of South Africa (JCSA), in a development that is expected to boost trust and confidence in the group’s gold products. AMG, which manufactures and trades gold-backed medallions, was admitted into the elite 1 580-member association on Tuesday this week. “We have pleasure in…
HARARE – Music guru Oliver “Tuku” Mtukudzi says his 67th album Hany’nga album is all about peace and working together, adding that there was no need in competing with each other to try and prove who is better, as this triggers conflict. “There is everything (musical instruments), when mixed they become mangwingwindo (mixing of instruments),…
