adminStar Africa scheme gets nod
Business Reporter
Star Africa corporation shareholders have approved a scheme of arrangement that entails a cocktail of measures meant to turn around the group’s fortunes.
Seventy-two percent of proxies, representing 372 million shares, who participated in the company’s extraordinary general meeting last week, endorsed the scheme.
Vingirai regains assets
Farai Kuvirimirwa Business ReporterBusinessman Mr Nicholas Vingirai has regained assets and shares he lost following the takeover of Intermarket Financial Holdings by ZB Financial Holdings through the Reserve Bank of Zimbabwe.
Caps factory goes under the hammer
Martin Kadzere and Tinashe MakichiDRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm’s factory premises in Harare’s Southerton industrial area was last week auctioned for US$1,5 million cash.
Dina Pule faces corruption charges
JOHANNESBURG. — The Hawks are investigating corruption charges laid by the DA against former communications minister Dina Pule, a spokesperson confirmed yesterday.“Yes, the matter was reported in the Western Cape Central police station, but now the matter is in our hands. We are giving it the attention it deserves,” said Captain Paul
Japanese premier wins big in upper house
TOKYO. — Voters handed Prime Minister Shinzo Abe a thumping victory in upper house elections yesterday, exit polls showed, likely ushering in a new period of stability for politically volatile Japan.Iraqis slam govt over deadly wave of bombings
BAGHDAD. — Iraqis roundly condemned the authorities yesterday for failing to stop a wave of deadly unrest including attacks that killed dozens of people the day before.Attacks yesterday itself killed another 12 people, as the country struggles against a surge in violence that has plagued it since the beginning of the year.
Fire guts feminist group’s office
PARIS. — A pre-dawn fire damaged the Paris office of the radical topless feminist group Femen yesterday in what police were treating as an accident.But the group called it a “disturbing coincidence”, noting that the Paris branch, headquartered in a working-class district in the northeast of the city, had recently received a phone
Syrian president Assad now stronger: Cameron
LONDON. — Biritish prime minister David Cameron has admitted that the Syrian president, Bashar al-Assad, has strengthened his position in recent months as he warned that the country faced a “depressing trajectory”.