News

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 – Law enforcement agents are on high alert following a recent spate of armed robberies and heinous rape incidents around the country — including in the capital, Harare where a gang of rogue taxi drivers is terrorising women, the Daily News can report. [Adz] [GoogleAd]

HARARE – Millers are considering dumping local producers of packaging material in favour of foreign manufacturers, after the indigenous players significantly increased their prices, with some demanding payment in US dollars. In a statement, the Grain Millers Association of Zimbabwe (GMAZ), said if the local manufactures fail to take heed of the call to review…

HARARE – The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the US dollar. In the parallel market, bond notes are trading at a discount vis-à-vis the US dollar, and electronic balances…

HARARE – President Emmerson Mnangagwa has blasted the “gratuitous negativity” which followed his announcement that Australia’s Invictus Energy had found oil and gas deposits in the northern Muzarabani area of the country. But in a statement to the Australian Stock Exchange, Invictus poured cold water on claims of an oil bonanza saying “an oil or…

HARARE – Residents in the affluent suburbs of the border city of Mutare are living in fear amid a spate of armed robberies. The suburbs of Morningside, Greenside, Beira Corridor, Palmerston, Darlington and Borderview, all near the Mozambique border, have become hot spots for machete and axe-wielding robbers. It is understood the Mutare Central Police…

HARARE – A High Court judge will issue a ruling today on an application for bail by flamboyant socialite and businessman Genius “Ginimbi” Kadungure, who is accused of prejudicing the government of $3,5 million in tax evasion. The 34-year-old gaudy businessman will know his fate today after spending the weekend behind bars, following a court…

HARARE – The Insurance Council of Zimbabwe (ICZ) has announced its pledge to the Zimbabwe Republic Police and the Civil Protection Unit to render the necessary assistance to the Brooklyn bus disaster victims. According to a press statement, ICZ is currently working with funeral parlours to facilitate burial of the deceased, and hospitals that have…

HARARE – Transport and infrastructural Development ministry in conjunction with Beitbridge Bulawayo Railway (BBR) Private Limited have fixed a 50-metre stretch of the railway line that was uprooted after a collision between a freight train and a truck along the Masvingo Beitbridge highway. The level crossing at the 280km peg along the Masvingo-Beitbridge highway was…