adminMandla Mandela guilty of assault during road rage
Mthata – The late former SA president Nelson Mandela’s grandson, Mandla, was found guilty of assault by the Mthata Magistrate’s Court yesterday. Mlami Ngudle, the complainant, accused Mandela of assaulting…
Zuma receives Marikana report
Johannesburg – The presidency has received the report by the Farlam Commission of Inquiry into the violence at Marikana, it said yesterday.
Boy, 13, charged with terror offences
Vienna – Austria has charged a 14-year old boy with terror offences after he researched how to build a bomb online and made contact with militants supporting ISIS in Syria,…
Munyeza quits CEO post
Oliver Kazunga Senior Business Reporter SHINGI Munyeza has stepped down as the chief executive officer of the hospitality group, African Sun Limited with immediate effect, to pursue other business interests…
BCM guns for African Sun major stake
Oliver Kazunga Senior Business Reporter PRIVATE equity investment and advisory firm, Brainworks Capital Management (BCM) is inching closer to snapping up major shareholding in hotel group, African Sun through the…
Hwange $88m debt converted to equity
Harare Bureau THE government will convert Hwange Colliery’s debt to the State into equity under the coal miner’s proposed $88 million rights offer meant to reduce debts and recapitalisation.
Zimpapers recapitalisation to boost earnings — Utete
Business Reporter THE country’s dominant multi-media group, Zimpapers (1980) Limited, has successfully recapitalised its operations despite the difficult economy as it moves to consolidate solid revenue growth and operational efficiency.
Zim exports to EU up 500pc
ZIMBABWE has registered a nearly five-fold increase in exports to the European Union to $153 million buoyed by diamond exports to Belgium and re-engagement efforts between the country and the…
Delta spends $40 million on contract farming
DELTA Beverages says it has spent an estimated $40 million every year on financing the production of barley, sorghum and maize to sustainably run its breweries.
New business model steers Turnall turnaround
Senior Business Reporter BUILDING materials maker, Turnall Holdings Limited, says it will focus on scaling up the contribution of its non-asbestos arm to diversify risk by targeting domestic and exports…