adminEcobank boss to step down
Business Reporter
PAN-AFRICAN banking group Ecobank says group chief executive officer Mr Arnold Ekpe will step down at the end of next year.
Harare plunged into darkness
Herald Reporters
HARARE was last night plunged into darkness for close to three hours following a system disturbance that emanated from Zambia and affected the Kariba Power Station.
The blackout affected business in the city centre, forcing supermarkets, pharmacies and bottle stores to close early.
Residential areas were not spared.
Zesa Holdings spokesperson Mr Shepherd Mandizvidza said the disturbance on the system resulted in the loss of 740 megawatts. “Regional power networks in Southern Africa are inter-linked, so there was a system disturbance in Zambia that affected the Kariba Power Station,” he said.
Mr Mandizvidza said only Harare was affected because power lines that feed the city were disturbed.
The city was isolated from the national electricity grid to ensure adequate supplies of power to industries and other essential services.
Mr Mandizvidza said Zesa engineers and technicians were working hard to restore supplies.
“Power utilities within South Africa regional power pools are inter-networked and due to that, any disturbances in one network within one country may result in the disturbances in a network within the other country. This is what happened between Zimbabwe and Zambia,” said Mr Mandizvidza.
Let’s build on our gains
THE curtain comes down on the 2011 action thriller.
As the actors and actresses bow down and curtsy, the ululation and wild cheers from the audience tell of a year that has been generally good.
Property market in retrospect
After the anti-climax of the 2010 World Cup promise, the year 2011 was characterised by a continued lack of liquidity on the market that would have been sufficient to rebound completely the real estate market.
Man forced to ‘marry’ goat he sexually abused
Midlands Correspondent
A CHIRUMHANZU man appealed to police for help after being ordered to pay lobola and marry a goat he was allegedly seen having sex with.
Meet Roy Bvekerwa, the auditing guru
Fortunate Jaravaza Business Reporter
THERE is one thing that characterises great people: they do not allow their background to blur their greatness.
Man loses two fingers in fire-cracker blast
Thupeyo Muleya Beitbridge Bureau
CHRISTMAS festivities turned gory for a Beitbridge man who lost two of his fingers when a firecracker exploded in his hands on Christmas Eve.
Keep your New Year’s resolutions positive, specific
Zach Aldwin – Milkshake in the boardroom
The Christmas binge is over, office parties are done for the year, wrapping paper is being cleared away and you are enjoying your latest gadget from the wonderful world of Mac (or Android if you went that route).
Move to protect grain producers hailed
Tawanda Musarurwa Business Reporter
THE Government has continued to make strides in ensuring that grain producers improve on their capacities.
Clothing items no longer covered by traveller’s rebate
The announcement of the 2012 Budget Statement and the subsequent amendments to the Customs and Excise (General) Regulations (Statutory Instrument 154 of 2001) has brought about changes to the traveller’s rebate with regards to goods that qualify for duty free importation.