HARARE – Zimbabwe’s Immigration Department (Immigration) yesterday deported two South African nationals for working illegally at Anglo American’s Shurugwi-based Unki platinum mine. The two — who engaged in employment without permits — were nabbed during the Department’s routine checks. According to a memo seen by the Daily News, the South Africans pleaded guilty and paid…
HARARE – Zimbabwe lacks capacity to issue sovereign bonds for its Sovereign Wealth Fund (SWF) at the moment, a regional think-tank has warned, following a government announcement on launch of the fund shortly impending polls this July. Thwarting deputy Finance minister Terrence Mukupe’s claim that the country was considering issuing between $2,5 billion to $3,5…
HARARE – The cooking oil industry in Zimbabwe is banking on a boost in soya bean plantings to avert a shortage of cooking oil and stock feeds on the domestic market this year. This comes after Sakunda Private Limited provided $48,7 million, half of a $100 million loan facility to support oilseed farmers, with government…
HARARE – The government is taking delivery of 500 light and heavy-duty tractors sourced from India under a government-to-government agreement. “We will soon be taking delivery of some tractors from India that were sourced under a government-to-government agreement though I cannot disclose the figures involved. We expect the equipment to start arriving in the country…
HARARE – The 2018 tobacco deliveries to the auction floors continue to increase after 21 days of marketing, with 40 million kilogrammes of tobacco going under the hammer earning Zimbabwe $112 million. Statistics from the Tobacco Industry and Marketing Board (TIMB) show that the 2018 earnings declined by 11 percent from $126 million during the…
HARARE – Old Mutual Securities (OMSEC) has recommended five counters as top picks on the Zimbabwe Stock Exchange (ZSE) during the second quarter of the year. The counters are Axia, African Sun Limited (ASL), Art Corporation, Econet Wireless and Barlcays. Axia has three main business interests, a 50,01 percent in Distribution Group Africa their highest…
HARARE – Struggling Castle Lager Premiership side Dynamos’ board chairperson Bernard Marriot Lusengo has wielded the axe on club president Kenni Mubaiwa in a bid to address the team’s problems. Mubaiwa has been kicked upstairs to be part of the club’s board while former vice president Solomon Sanyamandwe will bounce back to replace the Harare…
HARARE – Current WBF African Cruiserweight champion Chamunorwa “Sting” Gonorenda, has declared himself ready and is looking forward to his non-title bout against Djokito Sakuji of the Democratic Republic of Congo. Gonorenda, who is currently on a roll with four consecutive knockout wins, will be part of the Friday Fight Night series undercard at the…
HARARE – Beverage company Coca-Cola has partnered with Harare Athletics Club (Hac) in seeing the birth of the inaugural Bonaqua Marathon which is set for Old Georgians Sports Club this Sunday. Bonaqua is brand of Coca-Cola which produces bottled mineral water. The race has a total prize fund of $7 600 with the top place…
HARARE – Harare City midfielder Moses Muchenje will be the guest of honour at Saturday’s General Trust Youth Soccer Academy (GTYSA) tournament to be held at Shingirayi Primary School in Mbare. At least five teams are taking part in the tournament which is being held to launch GTYSA’s involvement with the Mbare community. GTYSA will…
