US budget hopes lift shares

LONDON. — Global shares and other risk assets rose on yesterday, encouraged by signs of a US budget compromise aimed at stopping a package of tax hikes and spending cuts hurting the economy next

Private sector ‘failing’ localisation drive

Mangaung. — The private sector has not contributed enough to the drive towards localisation, which is central to the government’s push to industrialise and expand the domestic economy.This was according

RFHL founders fight Capital Bank

Fidelis Munyoro Assistant News Editor
RENAISSANCE Financial Holdings Limited three co-founders have filed an urgent chamber application at the High Court seeking to block Capital Bank Corporation Limited’s extraordinary general meeting set

Zimplow seeks merger with TPHL

Martin Kadzere Senior Business Reporter
ZSE-LISTED agro-implements firm Zimplow Limited said yesterday it was seeking to merge with Tractive Power Limited Holdings through the acquisition of an additional 42,79 percent equity in TPHL.

Handball federation boss speaks out

Ellina Mhlanga Sports Reporter
AFTER spending almost two years dealing with boardroom squabbles, all seems to be settling in well for the Zimbabwe Handball Federation and last week they won the Sport Development of the Year

Zapu to launch fund for election campaign

Chronicle Reporter

Zapu is facing a cash crisis which threatens its participation in next year’s harmonised elections, party president Dr Dumiso Dabengwa said yesterday.

Nation mourns Adam Ndlovu

 

Temba Dube

Zimbabwe has been plunged into mourning following the death of one of the country’s most illustrious soccer sons, Adam Ndlovu in an accident on Sunday with calls for him to be accorded hero status.

President Mugabe yesterday joined the nation in mourning Adam and sent a condolence message to the Ndlovu family.

President Mugabe said he had been shocked by Adam’s death.

“It was with a deep sense of shock and sadness that I learnt of the untimely death yesterday (Sunday) morning of one of our revered soccer legends, Adam Ndlovu, following a car accident near Victoria Falls International Airport,” he said.

“Worse still, the same accident also claimed the life of another passenger while leaving his younger brother Peter with serious injuries.”

A woman identified as Nomcebo Tshili (24), who was also in the same vehicle, died in the crash.

“On behalf of Government, the nation, and on my own behalf. I wish to condole with the Ndlovu family upon Adam’s passing on and to wish at the same time Peter’s speedy recovery from the injuries,” President Mugabe said.

Cigarette prices up 50 percent

Business Reporter

Prices of locally manufactured cigarettes have gone up by up to 50 percent in response to a rise in excise duty. 

Tenants’ shenanigans wake landlord

Masvingo Correspondent

Two tenants at a Rujeko house in Masvingo, one of them a married man, were found being intimate while the man’s wife was away on business.

Take me back, I’ll be good — Malema

Johannesburg — Expelled ANC Youth League president Julius Malema has sent a letter to the party’s national conference in Mangaung asking to get his job back.

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