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Battle over ZB Bank escalates
ONE of the major shareholders in ZB Financial Holdings (ZBFH), Transnational Holdings Limited (THL), led by veteran banker Nicholas Vingirai, has rejected Reserve Bank of Zimbabwe (RBZ) governor John...
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Mbada Diamonds drowns in debt
MBADA Diamonds (Private) Limited, previously the largest producer of gems in the troubled Chiadzwa diamond fields, is drowning in massive debts accrued during its ill-fated mining stint. By Obey...
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Diamond safe box disappears
A LOCKBOX containing gem-quality diamonds disappeared from a Mbada Diamonds sort house on the day government announced the closure of Chiadzwa mining activities to pave way for the Zimbabwe...
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Cabinet descends into ugly row
…as Mnangagwa says he is doing Mugabe’s bidding THE fight over the appointment of the next chief justice played out again in cabinet — with renewed intensity and fierce exchanges — last week as...
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Govt loses US$700 000 through fake payments
THE Labour Court has ordered the Civil Service Commission (CSC) to reinstate a senior Finance ministry official who was dismissed for allegedly authorising fake payments to the tune of US$700 000. By...
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Nssa bosses grilled over CBZ
White-collar crime investigating unit, the National Economic Conduct Inspectorate (Neci), recently grilled National Social Security Authority (Nssa) directors after they demanded from CBZ Holdings...
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Mnangagwa speaks on chief justice succession
AS the acrimonious debate over the appointment of the new chief justice rages on amid fierce clashes sparked by Zanu PF’s factional wars, and with the country on its knees as the economy continues to...
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Mugabe enjoys lavish lifestyle amid poverty
“PEOPLE say I’m extravagant because I want to be surrounded by beauty. But tell me, who wants to be surrounded by garbage?” By Hazel Ndebele Having cake … President Robert Mugabe held his 93rd...
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Asset managers raise red flag over worsening outlook
Zimbabwe’s economy is drifting into a multi-faced crisis characterised by a volatile mix of heightened fears of recurrent hyperinflation, policy uncertainty, a contracting gross domestic product,...
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Zanu PF revives rigging machinery
ZANU PF has embarked on a massive campaign — involving coercion, intimidation and vote buying — to influence the results of the 2018 general elections under the guise of a nationwide membership...
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Mugabe son-in-law riles security chiefs
...as he also seizes control of AirZim PRESIDENT Robert Mugabe’s son-in-law, Simba Chikore, has effectively taken control of Mugabe’s close security unit (CSU) amid concerns that the long-time leader’s...
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River Ranch fails to lure investors
DEFUNCT diamond mine River Ranch Ltd, placed under liquidation by the High Court in 2012, is failing to attract investors almost five years after its operations ceased. By Hazel Ndebele Former...
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Parastatals unaudited in eight years
IN a gross dereliction of duty by the government, some parastatals have not been audited since 2009 while the Zimbabwe Anti-Corruption Commission (Zacc) and several other state-owned enterprises have...
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I’m not going anywhere: Sandi-Moyo
UNDER-FIRE Zanu PF Women’s League deputy secretary Eunice Sandi-Moyo has declared she is staying put in her office and will not be distracted by sideshows in the form of nationwide demonstrations...
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Mbada drags ZCDC to court
MBADA Diamonds (Pvt) Ltd has raised a red flag over reports that the Zimbabwe Consolidated Diamond Company (ZCDC) has set a monthly production target of 200 000 carats by the end of March, a 100%...
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AirZim set for a major overhaul
THE cash-strapped government has rolled out an ambitious plan to overhaul struggling flag-carrier Air Zimbabwe (AirZim) that will see Treasury expunging the airline’s legacy debts by way of liquidation...
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ZB Bank in dramatic retreat
ZB Financial Holdings (ZBFH) chief operating officer Mike Manyika has been removed in what appears to be a volte-face on the initial position that was taken by one of the group’s key shareholders...
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Battle over deputy chief justice looms
AFTER the swearing in of Luke Malaba as the substantive Chief Justice (CJ) next week, the battleground in the Zanu PF factional fights will now shift to the appointment of a Deputy Chief Justice, a...
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Sandi-Moyo suffers Lesabe fate
THE beleaguered deputy secretary in the Zanu PF Women’s League Eunice Sandi-Moyo is facing a fate similar to that of the late nationalist Thenjiwe Lesabe after falling out with her former close ally,...
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Ruling Zanu PF preparing own biometric voters’ roll
ZANU PF could in fact be preparing a biometric voters’ roll ahead of next year’s general elections under the guise of its nationwide membership verification exercise where party officials have embarked...
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