HARARE – Delta Board of directors has appointed three new non-executive directors to join the panel. In a statement, Delta chairperson Caanan Dube said Ema Fundira, Lucia Swartz and Richard Rivett-Carnac are the new non-executive directors who will effectively commence work from January 1, 2018. This also comes after Delta’s Africa Zone president resigned while…
HARARE – Confederation of Zimbabwe Industries (CZI) has noted that companies scaled down while there was movement on the job market between January and September this year, it scaled down towards year end after government’s introduction of new economic policies. This comes after Finance and Economic Development minister Mthuli Ncube told legislators in the National…
HARARE – A Bindura magistrate has stopped Ran Mine from arbitrarily evicting 359 residents who are occupying the mine’s quarters without a court order. The residents who were led by Bindura North Ward 2 councillor Ian Makone, filed an application for an interdict citing Ran Mine and Bindura Central Police officer in-charge as first and…
HARARE – Econet Wireless (Econet) founder Strive Masiyiwa has always attributed his entrepreneurial success to faith and divine intervention, but only last year did he reveal how clergyman Ezekiel Guti was closely involved in his personal journey. Writing on his Facebook wall in October 2017, the billionaire told of how one day he received a…
HARARE – Economists have warned government over the continued usage of bond notes as a medium of exchange saying the surrogate currency is at risk of facing rejection from the market. Government is adamant that the bond note, introduced in 2016, should continue to trade at par with the United States dollar despite the fact…
HARARE – Zimbabweans have been through a tough year thanks to bad politics and rising inflation, which rose from 3,5 percent in January to an alarming 31,01 percent in November. The rising inflation, which has seen prices shoot beyond the reach of many Zimbabweans, has compounded the situation for a country that is currently battling…
HARARE – The High Court has described as “false” the Zimbabwe Power Company (ZPC)’s insistence that it was not behind Wicknell Chivayo and Intratrek Zimbabwe (Intratrek)’s criminal charges, in a judgment with far-reaching consequences for some companies with disputes against other parastatals. This also comes as Justice Tawanda Chitapi has warned that the culture of…
HARARE – Drummond Zimbabwe Holdings has instituted legal action against AfrAsia Bank after a row erupted over a piece of land. The Mauritian lender AfrAsia closed its Zimbabwe unit in February 2015 after facing cash flow problems and failing to find new shareholders to inject fresh capital in the struggling institution. The bank was then…
HARARE – The revival of Hwange Colliery Company Limited (HCCL), Zimbabwe’s largest coal producer, seems to be taking longer than anticipated. The company, which has recorded annual losses in the past few years, has seen successive boards coming up with revival strategies, but not even one has been successful. After being frustrated by the slow…
HARARE – Cassava SmarTech (Cassava) made history yesterday when it became the first fully integrated financial technology company to list on the Zimbabwe Stock Exchange. Jesimeni Chipika, the Reserve Bank of Zimbabwe (RBZ) deputy governor who was guest of honour at the ceremony, said the listing of Cassava would help speed up the “inclusive and…
