BUSINESS NEWS

Zimra lifestyle audit: 36 suspended

THE Zimbabwe Revenue Authority (Zimra) suspended at least 36 officers implicated in lifestyle audits, while processes are underway at the High Court to forfeit the ill-gotten wealth.Zimra Commissioner...

By Staff reporter | Published: 24 September 2019

SOCCER

Zimbabwe agent gets Fifa life ban

Fifa yesterday handed a life ban to player agent Kudzanai Shaba for his alleged involvement in Asian betting syndicates linked to match-fixing.Shaba, who was in 2012 named in a Zifa report as one of t...

By Staff reporter | Published: 25 April 2019

INDUSTRIALS & ENERGY

Lifeline for Deven Engineering

The recently introduced mass public transport system in the country has opened new opportunities for local bus manufacturers and assemblers as more buses are needed to roll out the exercise country wi...

By Staff reporter | Published: 29 January 2019

FINANCIAL SERVICES

Life assurance profits down 63% in Q3

ZIMBABWE'S life assurance industry recorded 68 % decline in after tax profits to $314,85 million in the nine months to September 2018 compared to $979,27 million during the same period in 2017, the in...

By Staff reporter | Published: 08 January 2019

FINANCIAL SERVICES

Non-life insurers profit jumps 52%

NON-LIFE insurers' profit after tax jumped 52,34 percent to $16,34 million in the 12 months period to June 30, 2018 compared to the same comparative period the prior year, according the Pensions and I...

By Staff reporter | Published: 10 December 2018

POLITICS

'Mzembi fighting for life in SA hospital'

THE trial of former Foreign Affairs minister Walter Mzembi, who is accused of fraud, criminal abuse of office and theft of trust property involving $1,8 million, was yesterday moved to December 4 afte...

By Staff reporter | Published: 20 November 2018

OPINION

Chigumba's sex life and the pitfalls of social media

I am not sure if Priscilla Chigumba, the Zimbabwe Electoral Commission (Zec) chair, bleached to be such a yellow-bone. But I am not rushing to make her pigmentation any of my business because it's not...

By Tawanda Majoni | Published: 22 July 2018

POLITICS

Robbers leave farmer battling for life

PROMINENT Marondera farmer and businessman, Johanne Boreman, is battling for his life at a local private hospital following an attack by suspected robbers on Sunday night. After the attack, the suspec...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Motor, fire policies add spark to non-life insurers' earnings

Profit after tax for non-life insurers more than trebled to $33,63 million in 2017 from the previous year aided by a growth in gross premium written (GPW) and investment income, a new report by the in...

By Staff reporter | Published: 05 July 2018

ZIMBABWE

ZSE spurs life assets

POSITIVE performance on the Zimbabwe Stock Exchange (ZSE) has spurred asset bases of local life assurance companies, as the sector closed the first quarter with an asset base of $2,82 billion, it has ...

By Staff reporter | Published: 28 June 2018

FINANCIAL SERVICES

Life assurance sector assets rise to $2,5bn

ASSETS in the life insurance industry have grown by 68 percent to $2, 52 billion in the past four years to 2017 on the back of a bull run experienced last year.Figures from the Insurance and Pension C...

By Staff reporter | Published: 27 June 2018

POLITICS

Inspection reveals Kasukuwere's lavish lifestyle

The trial of former Zanu PF national commissar, Saviour Kasukuwere, has given Zimbabweans rare insights into the lavish lifestyles being led by the country's mighty and powerful. In a bid to prove to ...

By Staff reporter | Published: 15 June 2018

POLITICS

Majome, Mudzuri given lifeline

THE Nelson Chamisa-led MDC-T has succumbed to pressure from two of its top leaders, Jessie Majome and vice-president Elias Mudzuri and placed them on the party's Senate list after they refused to part...

By Staff reporter | Published: 30 May 2018

LANDS & AGRICULTURE

Lifeline for white Zimbabwean farmers

WHITE commercial farmers who did not vacate their farms during the fast-track land reform should regularise their stay on those farms to enable them to access 99-year leases.Chairperson of the Zimbabw...

By Staff reporter | Published: 24 May 2018

TRANSPORT & TOURISM

The ultimate wildlife experience

"Welcome aboard, ladies and gentlemen. This is going to be roughly a three hours' drive in the wilderness. As this is a game drive in a game park, we do not guarantee that you will see any animals, th...

By Staff reporter | Published: 20 May 2018

BUSINESS NEWS

Zimra officers resist lifestyle audit

Zimbabwe Revenue Authority (Zimra) officers are resisting a proposed lifestyle audit, arguing the exercise is targeted at harassing those in lower ranks.The authority's workers union has since filed a...

By Staff reporter | Published: 07 May 2018

POLITICS

Mutsvangwa gets a lifeline

Zanu PF has named the 16 constituencies where primary election re-runs will be held, with Mashonaland West province dominating. President Emmerson Mnangagwa's top lieutenant, Christopher Mutsvangwa's ...

By Staff reporter | Published: 06 May 2018

MINING & RETAIL

Hwange Colliery back to life

HWANGE Colliery Company Limited (HCCL) saw production rising by more than 100 percent to 232 000 tonnes in the first quarter of the year, driven mainly by the reliability of equipment and improvement ...

By Staff reporter | Published: 06 May 2018

BUSINESS NEWS

ZITF roars into life

The Zimbabwe International Trade Fair (ZITF) starts on Tuesday amid optimism among small to medium enterprises (SMEs) that renewed interest from investors in the country will see them clinch lucrative...

By Staff reporter | Published: 23 April 2018

FINANCIAL SERVICES

Zimnat launches affordable life policy

Zimnat Life Assurance has launched the Zimnat Security Plan, an exciting and affordable life assurance policy which provides life cover of $10 000 from as little as $14,67 per month, depending on the ...

By Mike Hamilton | Published: 17 April 2018

FINANCIAL SERVICES

Zimnat launches low cost life policy

Zimnat Life Assurance has launched a new low income group life product targeted at the civil service, private sector and the self-employed.The Zimnat Security Plan is a life assurance policy which pro...

By Staff reporter | Published: 12 April 2018

BUSINESS NEWS

EU injects $2m to save Zimbabwe wildlife

The European Union (EU) has injected close to $2 million into Zimbabwe aimed at reducing poaching and conserving wildfire. African Wildlife Foundation senior communications office Grace Wairima said t...

By Staff reporter | Published: 09 April 2018

BUSINESS NEWS

Lifeline for funeral assurance firms

The Insurance and Pension Commission has thrown a lifeline to funeral assurance firms failing to meet the $2,5 million minimum capital requirements by allowing struggling entities to comply with the r...

By Staff reporter | Published: 06 April 2018

POLITICS

'Lifestyle audits should start with Mnangagwa'

NORTON legislator Temba Mliswa has said lifestyle audits by the Zimbabwe Revenue Authority (Zimra) should start with high ranking officials, including President Emmerson Mnangagwa.Speaking at a breakf...

By Staff reporter | Published: 30 March 2018

OPINION

Mugabe's opulent lifestyle nauseating

IF recent State media reports suggesting that former President Robert Mugabe wants his pension lump sum of nearly half-a-million dollars and monthly pension payout of over $13 000 paid in cash are tru...

By Staff reporter | Published: 13 March 2018
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