adminAfrifresh takes over Ariston
Business ReporterAFRIFRESH Group of South Africa has increased its shareholding in Ariston to 61 percent after snapping up 21 percent of shares not taken by shareholders of the group after a rights issue. The SA firm already had a 40 percent stake in the
Zim to slash Mozambique power arrears
Felex Share and Farirai Machivenyika
ZIMBABWE is this week expected to pay about US$36 million to Mozambique’s Hydro Cahora Bassa to reduce Zesa’s power debt.
Zesa owes Hydro Cahora Bassa US$76 million.
It also emerged yesterday that Government owes various parastatals and private companies over US$170 million for services rendered.
Government claims poor revenue collection is affecting its ability to clear the debts.
On Zesa Holdings’ debt clearance strategy, Energy and Power Development Minister Elton Mangoma yesterday confirmed the money will be paid this week.
He declined to disclose the amount Government was prepared to pay.
However, Zesa sources said the power utility had raised about US$36 million.
The sources said the response from domestic and commercial consumers following massive disconnections was “quite positive”.
Zim tops Sadc GDP growth
Zimbabwe is leading the Southern African Development Community member states in yearly gross domestic product (GDP) rate rankings on the back of stable economic conditions that are restoring investor confidence. According to official data released, Zimbabwe’s economic growth rates have averaged 8 percent in the past two years. This has resulted in the country overtakingWhat to do when you have a hangover
l Hydrate yourself — The majority of the effects of any hangover come from the dehydration of the body resulting from drinking alcohol and caffeinated drinks. You should definitely drink sufficient water to begin counteracting this ahead of time. l Drink glass of milk — Many think that milk coats the stomach helping the alcohol you are going to be drinking be absorbed as fast
Medical aid society ploughs back to community
Health Reporter
Premier Services Medical Aid Society has urged the corporate world to plough back to the community. Speaking at the handover of US$1 600 to one-year-old Simbarashe Mutaiwa who suffers from cleft lip and palate condition last Thursday, the company’s
Editorial Comment: Food deficit: Get farmers to grow crops suitable for their areas
It is encouraging to note that Government has extended the grain loan scheme to March next year to avert hunger among people facing a food deficit. While this is a noble intervention, we believe a sustainable solution must be found to deal with the problem of perennial food deficits. We have said it several times that there is need to consider the natural farmingLet’s turn policies into results
Tendai MoyoCognisant of the recent launch of the Industrial Development Policy (2012-2016) by the Ministry of Industry and Commerce, it is disheartening that Government remains lethargic towards the gradual disintegration of the newly established
The ‘burden’ of carrying the colour of grandmother’s skin
Sekai NzenzaRecently, there was a ceremony to drink and honour the spirits of Mbuya VaNyandoro my paternal great grandmother. When I entered the kitchen hut, all the elderly men and women stopped talking and greeted me. These were VaNyandoro’s
AU must back Syrian peace
Mugunda wa MukutiRecent events in Mali are nothing but a ripple effect of Nato’s mishandling of weapons in the mad war in Libya where they carelessly went after Muammar Gaddafi, without considering in whose hands the guns were falling into. It was madness akin
Of newspapers, their mastheads
Knowledge MushohweIn many ways, a newspaper masthead is no different from a logo design. The masthead, typically occupying the top part of a newspaper predominantly introduces the name of the paper and includes vital information. The information includes