HARARE – Listed mining concern Bindura Nickel Corporation (BNC) says it is operating on shaky ground despite recording $5,8 million after-tax profits in the full year to March 31, 2018. The group’s chairperson Muchadeyi Masunda said despite posting healthy profits, BNC’s total assets exceeded total liabilities by $46,1 million. The group’s current liabilities exceeded its…
HARARE – Listed financial services group, FBC Holdings (FBC), has so far deployed 7 000 Point of Sale (POS) machines around the country in a drive to promote the use of cash-lite transactions, an executive with the bank said. FBC chief executive John Mushayavanhu last week said despite operating in an extremely difficult operating environment,…
HARARE – President Emmerson Mnangagwa’s audacious plans to construct and rehabilitate the country’s road infrastructure to try and kick-start Zimbabwe’s sputtering economy is on course, The Financial Gazette has established. Early this year, the government — through the Zimbabwe National Roads Administration (Zinara) — set aside over $232 million fund for the emergency road rehabilitation…
HARARE – Pakistan consolidated their position as the number one ranked Twenty20 side in the world after a Fakhar Zaman master class ensured a record chase in their six-wicket victory over Australia in yesterday’s final. Australia elected to bat after winning the toss with openers D’Arcy Short (76) and captain Aaron Finch (47) combining well…
Chapungu…………….(0) 1 Bulawayo City……………..0 GWERU – Chapungu picked up their first home victory under Rodwell Dhlakama with a slender win over Bulawayo City in a Castle Lager Premiership match yesterday. Substitute Eddington Chirape got the all-important goal 10 minutes from time to give Chapungu their first win in six matches. Waru Waru’s last victory came…
Black Rhinos………….. (1) 1 Highlanders………………….0 HARARE – Vincent Mhandu is slowly turning into Black Rhinos’ magical boy as each time he scores the army side has never dropped points in a Castle Lager Premiership tie. And it was the same script here yesterday when his first half strike condemned Highlanders to their third straight defeat…
HARARE – In spite of widespread condemnation of the uneven electoral playing field which favours the governing party, the under-fire Zimbabwe Electoral Commission (Zec) has received unconditional support from Zanu PF, in what effectively quashes any hopes for reforms ahead of the July 30 polls. This comes as the country’s largest opposition party is piling…
HARARE – The ruling Zanu PF party has courted the wrath of unions representing teachers after forcing students to its rallies despite the existence of a High Court ruling that stopped the practice. As a result, legal watchdog, Veritas, along with the Amalgamated Rural Teachers Union of Zimbabwe (Artuz), have now been forced to instruct…
HARARE – The continued water cuts in Harare are sparking fears of another outbreak of waterborne diseases, which could worsen the situation in the health delivery sector. Harare residents spent the weekend without water after the Harare City Council (HCC) shutdown Morton Jaffray (MJ) Water Treatment Works to allow for repairs at Warren Control Treatment…
HARARE – President Emmerson Mnangagwa cannot weed out corrupt elements within his government because he has dirty hands, MDC Alliance leader Nelson Chamisa has said. Speaking at a rally in Zvishavane on Saturday, Chamisa told his supporters that Mnangagwa is the symbol of corruption in Zimbabwe. “I heard Mnangagwa saying he had created an anti-corruption…
