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Tuesday, August 20, 2019

Business

Mail and Telegraph Business News

Harare - A registrar at the deeds office yesterday testified at the Harare Magistrate's court in a fraud matter that implicates prominent businessman Frank Buyanga. Allegations are that sometime in August 2009, one Steven Nyoka entered a loan agreement of $19,000 with Buyanga's company, Orton Drift and was made to sign...
Harare - The Zimbabwe Congress of Trade Unions (ZCTU) has planned massive demonstrations across the country’s major cities and towns in protest to a two percent tax deduction on all mobile and electronic money transactions. This comes on the backdrop of the reviewed Intermediated Money Transfer Tax from 5 cents per...
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...
Bulawayo - A total of 218 direct exhibitors have booked exhibition space which compares favourably to last year’s closing total of 153 direct exhibitors; representing a 42% increase, as the regional Mining, Engineering and Transport (Mine Entra) exhibition roars into life in Bulawayo today (Wednesday). The exhibition that ends on Friday...
Harare - Former Minister of Mines and Mining Development Walter Chidhakwa and his former permanent secretary Francis Gudyanga are set to appear in court on November 14 for trial. The pair’s trial was initially slated for July 24, but could not commence after Chidhakwa’s lawyer, Advocate Sylvester Hashiti requested for...
Harare - The arrest of senior Zimbabwe Electricity Supply Authority ( Zesa) Holdings executives on corruption charges last week has opened a pandora box amid reports of massive rot running into millions of dollars, gross abuse of office and failure to follow corporate governance procedure in the issuing of tenders,...
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