CAPS Holdings property attached over US$4 million debt

Felex Share Herald Reporter
CAPS HOLDINGS Limited’s premises in Harare and all its movable property face the hammer after the Deputy Sheriff yesterday attached the assets to recover US$4 million owed to CBZ Bank Limited. Over 20 vehicles, including a Volkswagen allocated to

NGOs welcome

Herald Reporter
ZANU-PF will always welcome non-governmental and international organisations that do not interfere with the country’s internal political affairs, party national chairman Cde Simon Khaya Moyo has said. Speaking to the International Committee of the Red

Hospital owed US$9,5m

Health Reporter
UNPAID fees for Harare Central Hospital have ballooned to US$9,5 million from US$8 million in the last two months.
Hospital clinical director Mr George Vera said the hospital was in a difficult situation as it cannot detain patients that are failing

US$550m for water

Municipal Reporter
CHITUNGWIZA Municipality requires US$550 million to construct Nyatsime and Muda dams to ease the water crisis in the town.
The municipality relies on Harare for its water and is often cut off because of failure to pay water bills. It owes Harare in excess

Katy Perry movie to be released in July

THE makers of Justin Bieber’s top-grossing concert film have moved on to another global pop star — Katy Perry. A 3-D documentary concert feature film billed as an on-and- off stage close up look at Perry and her 2011 California Dreams Tour began production more than year ago, Paramount Pictures said in a statement on Wednesday. The movie, called “Katy Perry:

‘Lion King’ takes Broadway throne

Los Angeles. — Earnings of over US$853 million push Lion King Broadway to the top of the list of all-time Broadway box office hits. Broadway has a new ruler, and its name is “The Lion King”. The musical over the weekend ousted long-standing box-office hit “The Phantom of the Opera” from the top of the list of all-time Broadway box office hits. “The Lion King” has generated a

Filmmakers appeal to Government

The 2012 Film Indaba convened by the Zimbabwe Film Makers Guild at the Zimbabwe Film and Television School of Southern Africa (ZIFTESSA) in March offered filmmakers an opportunity to discuss the role of ZIFTESSA in the film industry.
The indaba was also an opportunity for filmmakers to raise issues with Government representatives on the funding of the

Uhuru concert promises fireworks

Richmore Tera Arts Correspondent
The gala is aimed at celebrating Zimbabwe’s independence that was attained on April 18, 1980, from British colonial rule. A concert to mark Zimbabwe’s Independence will this year feature a limited number of performers as opposed to the previous

‘ECB can tackle symptoms but not cure crisis’

FRANKFURT. — The European Central Bank can treat the symptoms but not cure the eurozone debt crisis, a top official said yesterday as fresh concerns flared up over debt in Spain and Italy. “The ECB has addressed the immediate symptoms, but monetary policy cannot cure the underlying causes,” ECB executive board member Benoit Coeure told a conference in Paris.

Indian airline shares soar on FDI hopes

NEW DELHI. — Shares of struggling Indian airlines surged yesterday on expectations the government will decide this week to allow foreign airlines to pick up stakes in the domestic carriers. The move would throw a lifeline to companies such as cash-squeezed Kingfisher Airlines, controlled by billionaire liquor baron Vijay Mallya, which is in desperate need of funds to

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