adminRenaissance EGM ‘null and void’
Business Reporter
A STORM is brewing at Renaissance Financial Holdings Limited after some shareholders defied a directive by the central bank and curator of Renaissance’s banking arm to cancel the extraordinary general meeting that took place on Wednesday.
RBZ moves to settle US$83m bank debt
Golden Sibanda Senior Business Reporter
THE Reserve Bank of Zimbabwe will soon convert the US$83 million it owes banks into tradable paper that the institutions can use to borrow money. Finance Minister Tendai Biti said this while addressing journalists in Harare on Wednesday on the
Libya security under threat: Envoy
TRIPOLI. – Ian Martin, the UN special envoy to Libya, warned the UN Security Council in New York on Wednesday that the continued presence of armed “revolutionary brigades” and abundance of weapons were threatening the security of the north African nation. He told the Council that the revolutionary brigades were running out of control in the North African nation, noting
Electronics giant to cut 10 000 jobs
TOKYO. – Japanese electronics giant NEC said yesterday it would axe 10 000 jobs worldwide, as it announced it had already lost more than a billion dollars so far this fiscal year. In a presentation accompanying its third-quarter results the firm said it would reduce its headcount by 7 000 in Japan and 3 000 overseas. Several Japanese technology companies are facing business
Egypt slaps travel ban on US group
CAIRO. – Egypt’s authorities have imposed a travel ban on four members of a US-funded pro-democracy organisation in a row over its activities, a member of a non-governmental organisation with knowledge of the case said yesterday, in a step expected to escalate tensions with the United States. The four members of the International Republican Institute (IRI) include three US
High Court accepts late Tendai Mupfurutsa’s will
Senior Court Reporter
THE High Court has accepted the will of the late businessman and musician Prince Tendai Mupfurutsa, which appointed his eldest son, Mr Tendai Rock Judd Mupfurutsa (Tendai Junior), and a Harare lawyer as co-executors to the estate. According to
‘Mlotshwa improperly sold cattle to Mliswa’
Court Reporter
FORMER Rydings School headmaster and the school’s chairman of the parent assembly Mr Colbert Mpofu on Wednesday accused the school’s chairman, Mr Gerald Mlotshwa, of improperly selling cattle to Temba Mliswa. This came out in the trial
Sibanda eyes political office
Lovemore Moyo
Former ZBC Radio Two and current SW Radio Africa presenter Ezra Sibanda’s decision to run for political office for MDC-T has expectedly raised lively discussion both for and against. As a native Zimbabwean, Ezra has the right to run for political
Misconception of Sub-Sahara Africa
Herbert Ekwe-Ekwe
It appears increasingly fashionable in the West for a number of broadcasters, websites, news agencies, newspapers and magazines, the United Nations, allied agencies and some governments, writers and academics to use the term “sub-Sahara
Job Sikhala must stop behaving like a teaser bull
In our part of the world, one sometimes comes across people of such character that one cannot recall them without shuddering even when many years have elapsed since the last encou-nter. To this type belongs one Job Sikhala, a political joke, who sometimes treats us to such terrible and unpleasant drama, that some wit dubbed him, Witless, which is what he is