Zesa plundered!
A forensic audit into the operations of Zesa Holdings and its subsidiaries, has revealed startling details of how the power utility may have been systematically plundered and prejudiced of millions of US dollars through shoddy contracts, corruption and corporate governance deficiencies.
Old Mutual takes inflation hit
Listed insurer Old Mutual Zimbabwe’s profit after tax for the year to December 31, 2019 declined to R312 million as the interims took a significant hit following the adoption of International Financial Reporting Standards (IFRS), which factor in hyperinflationary accounting.
Privatisation offers below market value
THE privatisation of subsidiaries and associate companies of state-owned Industrial Development Corporation of Zimbabwe (IDCZ), is moving at a snail’s pace as most offers are well below market value, an official has said.
Forex traders shun Mthuli’s platform
The interbank market that was liberalised a fortnight ago to a managed float, is struggling for traction amid reports that no trades have gone through the system since the announcement of new trading measures by Government.
JUST IN: Journalists arrested for violating Covid-19 regulations
TWO Harare-based journalists were arrested yesterday for allegedly violating Covid-19 regulations after sneaking into Parktown Medical Private Hospital in Waterfalls to interview three MDC-Alliance members being treated there.
LATEST: Government, RBZ appeal FCA accounts ruling
Government and the Reserve Bank of Zimbabwe are set to appeal this week’s High Court ruling that the RBZ exchange control directive converting sums in accounts originally designated in US dollars into Zimbabwe dollar denominated accounts, is unconstitutional.
BREAKING: Zim indefinitely extends Covid19 lockdown
Zimbabwe will continue the Level 2 lockdown for an indefinite period, President Emmerson Mnangagwa has announced.
Chitungwiza reinstates “controversially” suspended nurse
Chitungwiza Municipality has reinstated the sister-in-charge of St Mary’s Clinic whom it had suspended, after her subordinates went on strike over council’s failure to provide them with personal protective equipment and lockdown allowances.
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