adminTax row ends
Martin Kadzere and Tawanda Musarurwa
ZIMPLATS, the country’s largest platinum miner, will pay US$34 million to the Zimbabwe Revenue Authority after the two agreed that claims of the capital expenditure for tax purposes for the period between 2007 and 2011 should be recalculated given that the undertakings made by the
Kaunda discharged from hospital
LUSAKA — Former Zambian president Kenneth Kaunda has been discharged from a hospital where he has been recuperating since his sudden illness last Friday, the Zambia Daily Mail reported yesterday. Dr Kaunda was rushed to the University Teaching Hospital (UTH) in Lusaka, the Zambian capital,Indigenisation board starved of funding
The National Indigenisation and Empowerment Board this week said it has so far received less than 10 percent of the US$6 million that the Treasury allocated it in the 2012 National Budget. NEEB chairperson Mr David Chapfika said the board had survived through borrowing, with minimum support
SA delegation heads for Zimbabwe
A delegation representing over 40 companies in South Africa will visit Zimbabwe next month to explore business opportunities, a local business organisation said yesterday. “The first session of the visit will take place in Harare on October 15 and 16 followed by Kwekwe on October 17 winding up
Pre-paid meters to promote Zesa efficiency
Tawanda Musarurwa Business Reporter
THE rolling out of pre-paid meters, anticipated to be completed within the first half of next year, will help stop the rot within Zesa Holdings, Energy and Power Development Minister Elton Mangoma has said. Last month, Zesa began the distribution of the pre-paid meters, which are expected to give
Obama vows to hunt killers of US ambassador to Libya
UNITED NATIONS — President Barack Obama yesterday vowed to hunt those behind the “attack on America” in Libya that killed the US ambassador and said a “disgusting” film that insulted Moslems was no excuse for violence. But while eulogising US ambassador Christopher Stevens, who wasJulius Malema: Four get bail
JOHANNESBURG — Four business associates of former ANC Youth League president Julius Malema have been released on bail of R40 000 each in the Polokwane Magistrates’ Court. On-Point Engineers CEO Lesiba Gwangwa, Kagisho Dichabe, Makgetsi Manthata and Helen Moreroa all said in their bailSA miners refuse to end strikes
JOHANNESBURG — Striking Gold Fields workers in South Africa yesterday rejected a deal to end a 17-day wildcat action that has crippled production, as strikes continued at competitor AngloGold. The workers spurned a pact reached on Friday between the leading gold miner and the National Union ofPG seeks US$10m for working capital
Golden Sibanda Senior Business Reporter
PG Industries is exploring a three-pronged approach to raise US$9,5 million for working capital and debt clearance to reverse consecutive perennial losses. This would involve the sale of unutilised assets, disposal of investment in an associate company and recalling a loan from the same company.
Stealing — The bad side of human nature
Sekai Nzenza
There used to be village rules against stealing from your neighbour or from anyone. When a hunter went up the mountain to set a trap for a buck, an eland, a rabbit or a guinea fowl, you did not go near that trap. Wild game belonged to everyone, but once the animal or bird was in the