• admin
• SundayMail
• February 23, 2020
• 59 views

Financial Terms

Personal Guarantee

If you’re seeking financing for a very new business and don’t have a high value asset to offer as collateral, you may be asked by the lender to sign a statement of personal guarantee. In effect, this statement affirms that you as an individual will act as guarantor for the business’s debt, making you personally liable for the balance of the loan even in the event that your business fails.

• admin
• SundayMail
• February 23, 2020
• 65 views

Chibhabha embraces captaincy

Zimbabwe Cricket team under Chamu Chibhabha will be a “fearless” unit or as the 33-year-old calls it “die trying to win”.

The new white-ball cricket skipper wants a shift in mentality, sooner rather than later and will rather lose trying to be aggressive than sedate as the game has evolved, reckons Chibhabha.

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• SundayMail
• February 23, 2020
• 53 views

DPC compensates 23 000 depositors

The Deposit Protection Corporation (DPC) has paid $3,9 million to about 23 000 depositors of six failed banking institutions, the corporation’s chief executive officer, Mr Vumi Vuma, has said.

Mr Vuma said the corporation had to date managed to pay 41 percent of the 54 909 depositors of the six failed banks.

• admin
• SundayMail
• February 23, 2020
• 53 views

Rhinos in Simba Bhora test

BLACK RHINOS got a feel of their prospective home ground for the 2020 Premier Soccer League season when they defeated ambitious Northern Region Division One side Simba Bhora 2-1 at Trojan yesterday.

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• SundayMail
• February 23, 2020
• 138 views

Chemplex to set up US$20m plant

The country’s largest chemical and fertiliser maker, Chemplex Corporation, is planning to set up a US$20 million state-of-the-art high-grade hydrated lime plant in Rushinga to cut down on imports of the strategic water treatment chemical.