Business

NetOne appoints new bosses

STATE-OWNED telecommunications company, NetOne, has recruited two top executives to run the company’s operations in a move expected to stabilise the firm and increase its earnings. In a statement yesterday, NetOne announced the appointment of Mr Lazarus Muchenje as chief executive officer and Mr Nkosinathi Ncube as managing director for the mobile company’s financial unit. The duo boasts vast experience ...

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Mnangagwa ‘offering incentives to evicted Zim white farmers in Zambia to return home’

President Emmerson Mnangagwa’s government is reportedly offering incentives to Zimbabwean white farmers, who shifted their business to Zambia at the height of the controversial land reform programme, to relocate back to the southern African country. Mnangagwa is breaking away from the seizure of thousands of white-owned farms carried out by his predecessor and mentor Robert Mugabe, who resigned in November ...

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Why the British had no other choice but to work with Mnangagwa

As I reflected on the tons of emails of feedback I got yesterday including from local embassies responding to the article published by nehandaradio, in which I wrote about the Zimbabwe-British relationship, I realized just how much a lot of information that we take for granted is actually not known our there. A lot of the feedback from the readers ...

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Zimra can impound previously cleared goods

THE High Court has ruled in favour of post-clearance audits by the Zimbabwe Revenue Authority (ZIMRA), a decision that will allow the tax collector to impound previously cleared goods in cases of underpayment of duty. Masvingo High Court judge, Justice Joseph Mafusire, made the ruling in three cases involving vehicles that had been under-valued in a bid to cheat the ...

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Tsvangirai estate revealed

The late MDC-T leader Mr Morgan Tsvangirai’s properties were revealed yesterday when his widow Ms Elizabeth Macheka registered his estate at the High Court as the fight for inheritance intensifies within the family, a few days after his death. The properties listed by Ms Macheka did not include the Highlands mansion availed to Mr Tsvangirai by the Government where he ...

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Zinara chef admits abusing funds

Zimbabwe National Roads Administration (Zinara) executives yesterday admitted to receiving several allowances without paying tax, including others that were above authorised levels. The executives that included chief executive officer Mrs Nancy Masiyiwa-Chamisa, finance director Mr Simon Taranhike, technical director Mr Moses Juma and administration and human resources director Mr Precious Murove appeared before the Public Accounts Committee yesterday to respond ...

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Agribank Filabusi needs thorough audit

Stakeholders in Insiza have called for the investigations in the Filabusi Agribank on how it deals with the money it receives from Local Miners that pay through it. “It is the only bank that was entrusted by most bankers in Insiza. Civil servants also use the bank than local CBZ also in Filabusi. Almost everyone is suffering endless deductions from ...

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SA investors fight to elbow out local partner

TWO South Africans who entered into a partnership with a local businessman to open an upmarket restaurant in Victoria Falls are reportedly fighting to elbow him out of the business after successfully establishing themselves. Messrs Martin Peters and Ilan Wiesenbacher hold 40 percent each of the investment and gave Mr John Mpofu 20 percent. The joint venture gave birth to ...

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NetOne moves to evict ex-CEO from house

The government-owned mobile NetOne Cellular (Private) Limited (NetOne) has dragged its former chief executive Reward Kangai to the High Court seeking to evict him from one of its properties following the termination of his contract of employment in 2016. According to court papers, Kangai was granted occupation and use of the country’s house at Number 31 Shottery Road, Greystone Park, ...

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Lobels’ selling bread ‘anointed’ with rat skin jibe lands man in trouble

LOBELS’ Bread has taken a Bulawayo man to court for allegedly circulating a WhatsApp message accusing the company of selling bread that is “anointed” with rat skin. Dumisani Masimba Gabarinocheka (37) from Newton West suburb pleaded not guilty to charges of sending offensive telephone messages before Bulawayo magistrate Ms Gladmore Mushove. Ms Mushove remanded him out of custody to Friday. ...

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