No money for city pensioners

Wenceslaus Murape Labour Reporter
Harare City Council has come under fire from pensioners amid reports that the Local Authority Pension Fund (LAPF) is failing to pay retired workers their gratuities and monthly payouts. The pensioners have

US shares open higher

NEW YORK. – US stocks opened higher last Friday despite downbeat US non-farm payroll data from January. Total non-farm payroll employment increased by 157 000 in January, mainly boosted by job

Stigma index on cards

Herald Reporter
The Zimbabwe National Network for Positive People (ZNNP+) is expected to produce the National HIV Stigma Index next month. The index is the first robust attempt to establish a base line for documenting

ZSE stocks record solid run

Martin Kadzere Bulls and Bears

THE Zimbabwe Stock Exchange enjoyed a handsome bull run last month, largely supported by strong foreign buying, mostly in heavily capitalised counters. Some of the stocks that have had a solid run

Teenager to get three strokes

Court Reporter
A 15-year-old boy will receive three strokes of the cane after he fondled the breasts of his neighbour’s 12-year-old daughter. The teenager from Beatrice had denied the charge of indecent assault when his

RBZ wants Royal Bank liquidated

Business Reporter
THE Reserve Bank of Zimbabwe has applied for the liquidation of Royal Bank after the troubled financial institutions’ recapitalisation initiatives failed to materialise. Central bank governor Dr Gideon Gono said

CMED pays US$1m dividend to Treasury

Evelene Taadira Business Reporter
CMED (Private) Limited last week paid US$1 million to Treasury as a dividend from the US$3,4 million profit it made in 2011. The development is part of statutory provisions stipulating that State enterprises

Gokwe to be rebuilt

Herald Reporter
Government will on Tuesday start refurbishing buildings and refilling roads in Gokwe that were destroyed by the incessant rains that hit most parts of the country between December and January. The rains

Barclays Bank boss to forego bonus

LONDON. – British bank Barclays, which has been plagued by the Libor rate-rigging scandal, announced on Friday that chief executive Antony Jenkins would forego his 2012 bonus after a “difficult” year at the

Eurozone inflation falls

BRUSSELS. -The eurozone crowned a week of steadily improving economic data last Friday with inflation almost down to the European Central Bank’s medium-term target, falling to 2,0 percent in January after

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