OPINION

Unexplained wealth orders here to stay

THE proposed introduction of a free-standing procedure which compels an individual to explain the source of his wealth is a radical development in English law. For instance, the human rights and polit...

By Prosper Simbarashe Maguchu | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe's Ill-gotten wealth Bill to be gazetted

A BILL to empower the State to seize ill-gotten wealth is expected to gazetted on Friday before the legislative process commences in Parliament next week, a Cabinet Minister has said. The crafting of ...

By Staff reporter | Published: 11 June 2019

BUSINESS NEWS

Zimra couple ordered to explain source of wealth

THE High Court has given a Harare couple employed by the Zimbabwe Revenue Authority (Zimra) 30 days to explain the source of their wealth, failing which their properties valued at $762 000 will be for...

By Staff reporter | Published: 25 April 2019

POLITICS

UK to block Harare's Commonwealth return

Britain's minister for Africa Harriett Baldwin says her country supports an extension of EU sanctions against Zimbabwe and will not back its plan to return to the Commonwealth.The frosty relationship ...

By Business Day | Published: 06 February 2019

POLITICS

Mnangagwa's Commonwealth bid hits snag

PRESIDENT Emmerson Mnangagwa's bid to rejoin former British colonies' club, the Commonwealth, as part of his re-engagement efforts with the West, appears to have hit a snag after the ex-colonial maste...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Zimra targets ill-gotten wealth

GOVERNMENT has directed the Zimbabwe Revenue Authority (Zimra) to widen revenue collection measures including pursuing individuals who evade paying taxes. This was said by Secretary for  Finance ...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Mthuli Ncube to set up sovereign wealth fund

Finance and Economic Development minister Mthuli Ncube has proposed setting up a sovereign wealth fund (SWF) to help boost economic growth, but the plan is being hampered by a critical funding shortfa...

By Staff reporter | Published: 20 December 2018

AFRICA BUSINESS

South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apart...

By Bloomberg | Published: 06 December 2018

BUSINESS NEWS

Buyanga to bring wealth to Zimbabwe

South Africa-based Zimbabwean businessman Frank Buyanga, yesterday said his main focus was to bring wealth into the country as it was possible to make Zimbabwe the wealthiest per capita state in the w...

By Staff reporter | Published: 11 September 2018

POLITICS

Mnangagwa hailed for dumping 'wealthy ministers'

WAR veterans secretary-general and newly-appointed War Veterans deputy minister Victor Matemadanda has hailed President Emmerson Mnangagwa for dumping some of the long-serving ministers whom he descri...

By Staff reporter | Published: 10 September 2018

POLITICS

Commonwealth drops bombshell on Chamisa's demands

THE Commonwealth election observer mission to Zimbabwe yesterday dropped a bombshell, describing electoral reform demands by opposition MDC Alliance presidential candidate Nelson Chamisa ahead of Mond...

By Staff reporter | Published: 26 July 2018

POLITICS

Zanu-PF holds talks with Commonwealth team

Zanu-PF yesterday hosted a Commonwealth delegation which is in the country to assess preparedness for harmonised elections set for July 30.The team was deployed to Zimbabwe on an assessment mission be...

By Staff reporter | Published: 06 June 2018

POLITICS

Commonwealth poll assessment team in Zimbabwe

A seven-member Commonwealth membership assessment team is on a five-day visit to observe the pre-election environment as part of a broader informal assessment of the situation in the country after Zim...

By Staff reporter | Published: 05 June 2018

POLITICS

Commonwealth delegation Zimbabwe-bound

COMMONWEALTH secretary-general Ms Patricia Scotland will "imminently" dispatch a high-level delegation to Zimbabwe to assess the country's eligibility to rejoin the group following the country's expre...

By Staff reporter | Published: 28 May 2018

POLITICS

Zimbabwe applies to rejoin Commonwealth

Zimbabwe has applied to rejoin the Commonwealth, the group said on Monday, marking a major step in the country's international re-engagement after Robert Mugabe was ousted last year.Mugabe angrily pul...

By AFP | Published: 21 May 2018

BUSINESS NEWS

Zimbabwe to start $3.5 billion wealth fund

Zimbabwe may start a sovereign wealth fund or issue an export-related bond after elections that are slated for July, Deputy Finance Minister Terence Mukupe told the southern African nation's state-bro...

By Bloomberg | Published: 25 April 2018

POLITICS

Zim denied Commonwealth observer status

FOREIGN Affairs and International Trade minister Sibusiso Moyo will today make a presentation at a breakfast meeting on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) in London ...

By Staff reporter | Published: 20 April 2018

POLITICS

Zimbabwe for Commonwealth Summit

Zimbabwe has been invited to the Commonwealth Heads of State Summit that begins in Britain tomorrow and ends next Sunday, marking the latest high-level sign of thawing of relations between Harare and ...

By Staff reporter | Published: 16 April 2018

OPINION

Buy local to restore Zimbabwe's wealth, pride

The Buy Local message is an ongoing call to action for the public and private sector, all businesses in the country, all government entities and ordinary consumers to restore a Zimbabwe with pride, we...

By Vandudzai Zirebwa | Published: 05 April 2018

POLITICS

Prophet Bushiri will share wealth advice if

Preachers are hosting a conference for people who want to make money and learn how to sustain their wealth‚ but this service is not for free.People from across the continent are expected to gather a...

By Staff reporter | Published: 27 March 2018

POLITICS

Obert Mpofu opens up on wealth

Home Affairs minister Obert Mpofu yesterday opened up for the first time on the source of his wealth, claiming he earned all that he has through hard work.Mpofu has been rumoured to be among the riche...

By Staff reporter | Published: 23 March 2018

BUSINESS NEWS

Jayesh Shah: Elusive but wealthy Zim figure

The failed deal also gave the public a peek into the closely-guarded, secretive and behind the scenes activities of Zimbabwe's financial world.Apart from giving the public a glimpse into banks' dealin...

By Staff reporter | Published: 18 March 2018

POLITICS

Zim ready to rejoin Commonwealth

FOREIGN Affairs minister Sibusiso Moyo told Parliament yesterday Zimbabwe was negotiating its way to rejoin the Commonwealth Club, following the country's unceremonious departure in 2003 over disputed...

By Staff reporter | Published: 15 March 2018

POLITICS

Zimbabwe to rejoin the Commonwealth this year

Zimbabwe will rejoin the Commonwealth this year, and President Mnangagwa has formally informed the British government of this position, our Harare Bureau has gathered.The President has also - on top o...

By Staff reporter | Published: 04 February 2018

BUSINESS NEWS

Buyanga offers R1bn for Zim's sovereign wealth fund

The African Medallion Group (AMG) says it has mobilised Rand 1 billion worth of gold assets, which can be leveraged to jump-start Zimbabwe's sovereign wealth fund (SWF).This also comes as the Johannes...

By Staff reporter | Published: 31 January 2018
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