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Tuesday, August 20, 2019

Business

Mail and Telegraph Business News

By Tinomutenda Midzi Glen View South MDC Alliance legislator Vimbai Tsvangirai-Java has cleared the air on corruption allegations that has been dogging her for more than five years  through media reports. In 2011, Harare City Council allegedly awarded a water treatment contract multi-million dollar water purification project to Tsvangirai and her...
Zimbabwe should brace itself for a new currency within the next month, the Mail and Telegraph has learnt. Sources close to the developments say the currency was already printed in March last year and is being kept safely at the vaults by the  Central...
Harare - The trial for the controversial businessmen, Wicknell Chivayo and Genius Kadungure who are being charged for allegedly defrauding two local businessmen about six years ago has commenced. The two are facing fraud charges to the effect that sometime in November 2012 Chivayo connived with Kadungure to create a fictitious...
Staff Reporter CFI Holdings is allegedly  making huge profits through fleecing  home-seekers in Harare South’s Saturday Retreat residential area (popularly known as Ushewekunze), the Mail and Telegraph has learnt. The company is reportedly charging unjustified “penalties” for late payments on residents in complete negation of an agreement that was reached between...
Harare - Botswana has extended a 1 billion pula loan facility to Zimbabwe as the country seeks to help Zimbabwe in solving its financial crisis. Botswana and Zimbabwe also signed a six Memoranda of Understanding. Addressing delegates at the Zimbabwe Botswana Bi-National Commission, Botswana President Mokgwetsi Masisi said Botswana increased the loan...
By Fungayi Chimbindi Hundreds of car importers were stranded at the country’s border posts on Friday  after the Zimbabwe Revenue Authority (ZIMRA) implemented forex customs imposed on motor vehicles forthwith. Finance and Economic Development Minister Mthuli Ncube announced the policy on Thursday and stated that although it was effective on Friday,...
Harare - Tensions, accusations and counter accusations have rocked Zimbabwe’s biggest coal miner amid reports of corporate governance deficit, clash of cultures, egoes and massive corruption between the Hwange Colliery Company Limited (HCCL) board and its management. Investigations reveal that the accusations have clouded development resulting in questions being raised whether...
Harare city council is set to construct a new  state of the art stadium so as to meet the demands of the city. In an interview, Harare City Council Housing Director Addmore Nhekairo said the city had set aside $1, 4 000 000 for the project. “Currently we have five stadiums that we...
Margaret Matibiri Controversial Harare businessman and socialite Genius Kadungure who is popularly known as Ginimbi will spend the weekend in police custody on allegations of prejudicing Zimbabwe Revenue Authority (ZIMRA) of over $3 million in tax. Allegations are that ZIMRA conducted lifestyle audits on socialites as the lives they were leading...
Following  Intratrek Zimbabwe’s victory in the High Court over a contract dispute involving the Gwanda solar project, its technical partner CHiNT Electric Co has this week written to Energy and Power Development minister Joram Gumbo to reaffirm its commitment to see the successful completion of the 100...
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