HARARE – A Harare man was yesterday hauled before the courts for allegedly defrauding the Harare City Council (HCC) of $1,5 million dollars in a property development deal gone wrong. Michael van Blerk, who is the director of Sunshine Development, allegedly misrepresented to NMB Bank that he had board resolution to acquire a $1,5 million…
HARARE – President Emmerson Mnangagwa will on November 30 preside over a ground-breaking ceremony for the construction of a new Parliament building in Mt Hampden. Addressing a news conference yesterday, Information, Publicity and Broadcasting Services minister Monica Mutsvangwa told reporters that Cabinet received a brief indicating that Mnangagwa will preside over the ceremony. “This will…
HARARE – The minister of Finance and Economic Development will present the 2019 Annual Budget Statement to the National Assembly tomorrow. In addition to the Budget Statement he will table the Estimates of Revenue and Expenditure for 2019 — usually called the “Blue Book” from the distinctive colour of its cover. Details of the various…
HARARE – Courtney Hotel is set to go under the hammer after it lost a case against its employees at the High Court. In a notice, Stothill Properties, notified the public that the Sheriff of the High Court had instructed a sale in execution in a case between the hotel and its employees. “In a…
HARARE – Indian soft drinks manufacturer, Varun Beverages has said it is doubling production at its recently-commissioned $40 million Pepsi manufacturing and bottling plant in Harare. The company, which is the largest bottler of PepsiCo products outside the United States, began producing carbonated PepsiCo products — Pepsi, Mirinda Orange, Mirinda Fruity, Mirinda Green Apple, Miranda…
HARARE – Socialite and businessman Genius “Ginimbi” Kadungure has spent another night behind bars after High Court Judge Tawanda Chitapi deferred his bail ruling to today. Kadungure is being accused of prejudicing government of $3,5 million through tax evasion. Through his lawyer, Jonathan Samukange, who instructed advocate Sylvester Hashiti, Kadungure had approached the High Court…
HARARE – Industry and Commerce minister Mangaliso Ndlovu yesterday met with manufacturers and retailers in a heated closed door meeting, with the minister emphasising the need to bring sanity to the pricing regime. The tense meeting that lasted nearly three hours did not yield much positive results, with stakeholders reportedly clashing in angry scenes. Manufacturers…
HARARE – In a bid to reassure the mining sector that inflation will remain in check, Reserve Bank of Zimbabwe governor John Mangudya yesterday said he does not expect it to go up due to sound policies and vision 2030 that the government is pursuing. This comes after Zimbabwe’s October inflation raced to 20,85 percent…
HARARE – The Confederation of Zimbabwe Retailers (CZR) has said most suppliers have changed their trading terms demanding foreign currency up-front. CZR president Denford Mutashu said they have been to Midlands and Matabeleland where retail players were reportedly “very bitter” over the decision by suppliers to change trading terms. “Suppliers are now demanding to be…
HARARE – Zanu PF secretary for administration and former Cabinet minister Obert Mpofu finally appeared in court yesterday answering to inciting a Ntabazinduna villager to defy directives from Chief Felix Nhlanhlayemangwe Ndiweni. The former Home Affairs minister had previously declined to testify saying he knew nothing about the matter in which Chief Ndiweni and his…
