BUSINESS NEWS

AMG boss proposes gold-backed Zimbabwe currency to RBZ

A leading South Africa precious metals dealer African Medallion Group (AMG) has proposed to the Reserve Bank of Zimbabwe (RBZ) the launch of a digital currency backed by physical gold, with an aim to ...

By Staff reporter | Published: 07 November 2019

SOCCER

Bosso express gratitude to Ezra Tshisa Sibanda

HIGHLANDERS chairperson Kenneth Mhlophe has praised United Kingdom-based radio personality Ezra "Tshisa" Sibanda for his crowd-funding efforts to help the Bulawayo giants. While the Daily News could n...

By Staff reporter | Published: 17 October 2019

MINING & RETAIL

PPC boss steps down

Cement company PPC and its chief financial officer have "mutually agreed to separate", the company announced yesterday.PPC is listed on both the Johannesburg Stock Exchange and the Zimbabwe Stock Exch...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Companies, parastatals default paying tax: Zimra boss

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...

By Staff reporter | Published: 10 October 2019

EDUCATION

Zimbabwe School of Mines boss fired

Zimbabwe School of Mines chief executive officer Dzingirai Tusai has been fired.The ZSM board, which sent Tusai on forced leave in May last year to pave way for investigations into corruption allegati...

By Staff reporter | Published: 27 September 2019

POLITICS

Zanu-PF suspends women's league boss

ZANU-PF Mashonaland East provincial women's league executive at the weekend fired their boss Nyarai Tsvuura over "misconduct" allegations.Tsvuura, who was appointed to the top position following the e...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Anti-corruption special unit dumps Potraz boss's case

The presidential anti-corruption special prosecution unit has dumped the matter in which the Postal and Telecommunications Regulatory Authority of Zimbabwe director-general Gift Machengete is being ac...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Mangoma, Zesa bosses deny fraud charges

Former Energy minister Elton Mangoma on Thursday said charges that he unprocedurally awarded a $3 million contract to a South Korean firm have been fabricated, based on falsehoods and designed to hara...

By Staff reporter | Published: 29 April 2019

POLITICS

CIO boss dies mysteriously

The sudden death on Easter Monday of a senior Central Intelligence Organisation (CIO) operative has sparked weird conspiracy theories among Chinhoyi residents on the cause of his demise, with some all...

By Staff reporter | Published: 26 April 2019

POLITICS

Mangoma, Zesa bosses seek removal from remand

Former Energy minister Elton Mangoma and two Zesa Holdings' bosses, who are facing $3 million criminal abuse of office charges, yesterday filed a notice to apply for removal from remand if their trial...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Multichoice Zimbabwe boss dies

Multichoice Zimbabwe chief executive Lovemore Mangwende has died, the company announced yesterday.In a statement, Multichoice said the circumstances around Mangwende's death were unclear."It is with d...

By Staff reporter | Published: 08 January 2019

BUSINESS NEWS

New boss for Tourism Business Council

THE Tourism Business Council of Zimbabwe (TBCZ) has appointed Ms Winnie Muchanyuka as its new president, replacing Mr Tich Hwingwiri. Ms Muchanyuka was the vice-president of the Zimbabwe Council of To...

By Staff reporter | Published: 07 December 2018

BUSINESS NEWS

Potraz boss in court for corruption

POSTAL and Telecommunications Regulatory Authority (Potraz) director-general Gift Kallisto Machengete appeared at Harare Magistrates' Court yesterday facing criminal abuse of office charges after he a...

By Staff reporter | Published: 06 December 2018

POLITICS

Mupfumira warns parastatal bosses over abuse of funds

ENVIRONMENT, Tourism and Hospitality Industry minister Prisca Mupfumira has warned parastatals under her ministry to desist from corrupt tendencies that have crippled most parastatals and State-owned ...

By Staff reporter | Published: 27 November 2018

BUSINESS NEWS

Ex-NetOne boss off the hook

Former NetOne chief executive Reward Kangai, who is facing 21 counts of criminal abuse of office, was yesterday removed from remand after the State failed to furnish him with a trial date. Kangai's de...

By Staff reporter | Published: 22 November 2018

BUSINESS NEWS

Inept bosses cost Zinara US$200m

The Zimbabwe National Road Administration (Zinara) has suffered a financial loss in excess of US$200 million due to incompetence and lack of expertise by its senior managers to negotiate contracts ben...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

NSSA boss 'swindles' pensioners

National Social Security Authority (NSSA) strategic executive assistant, James Tirivavi Chiuta yesterday appeared at the Harare Magistrates Court facing allegations of swindling pensioners of $31 727 ...

By Staff reporter | Published: 20 July 2018

POLITICS

State challenges Zinara bosses' acquittal

PROSECUTOR-GENERAL, advocate Ray Goba has petitioned the Supreme Court challenging the recent acquittal of five Zimbabwe National Roads Administration (Zinara) executives, who were facing criminal abu...

By Staff reporter | Published: 09 July 2018

BUSINESS NEWS

Ex-Zimra boss files for divorce

FORMER Zimbabwe Revenue Authority (Zimra) Commissioner-General, Gershem Takavada Pasi, has petitioned the High Court seeking nullification of his 29-year-old marriage with his wife, Susan (nee Zata), ...

By Staff reporter | Published: 28 June 2018

POLITICS

Zec boss sees red over voters' roll

OPPOSITION political parties and independent electoral watchdogs have accused the Zimbabwe Electoral Commission (Zec) of attempting to wriggle out of its constitutional obligations by shifting goalpos...

By Staff reporter | Published: 26 June 2018

BUSINESS NEWS

MDC Alliance set to challenge Zinwa boss candidature

THE MDC-Alliance is set to file an urgent court application at the High Court today (Monday) against the Zimbabwe National Water Authority chief executive officer Jefta Sakupwanya to cancel his candid...

By Staff reporter | Published: 25 June 2018

TRANSPORT & TOURISM

NRZ boss lands top Sara post

NATIONAL Railways of Zimbabwe (NRZ) general manager Lewis Mukwada has been appointed president of the Southern Africa Railways Association (Sara) for the 2018 – 2019 period.Mukwada, who will be depu...

By Staff reporter | Published: 21 June 2018

FINANCIAL SERVICES

Fidelity boss in the eye of audit storm

Fidelity Life Assurance Ltd CE Reuben Java is in the eye of a storm after it emerged this week that he was awarded an annual bonus when he was appointed to the helm in October last year at a time the ...

By Staff reporter | Published: 15 June 2018

INDUSTRIALS & ENERGY

Pepsi boss bemoans forex shortages

Zimbabwe needs to fix its foreign exchange shortage if it is to attract more investment, RJ Corporation chairperson Ravi Jaipuria said.RJ Corporation owns Varun Beverages which in turn holds the Pepsi...

By Staff reporter | Published: 14 June 2018

BUSINESS NEWS

Kondo appointed new ZimSEZA boss

The Zimbabwe Special Economic Zones Authority (ZimSEZA) has appointed its first chief executive officer, Mr Edwin Kondo.Said ZimSEZA chairman Dr Gideon Gono on the development: "Following approval by ...

By Staff reporter | Published: 13 June 2018
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