HARARE – A Harare man was yesterday hauled before the courts for allegedly defrauding the Harare City Council (HCC) of $1,5 million dollars in a property development deal gone wrong. Michael van Blerk, who is the director of Sunshine Development, allegedly misrepresented to NMB Bank that he had board resolution to acquire a $1,5 million…
HARARE – President Emmerson Mnangagwa will on November 30 preside over a ground-breaking ceremony for the construction of a new Parliament building in Mt Hampden. Addressing a news conference yesterday, Information, Publicity and Broadcasting Services minister Monica Mutsvangwa told reporters that Cabinet received a brief indicating that Mnangagwa will preside over the ceremony. “This will…
HARARE – The minister of Finance and Economic Development will present the 2019 Annual Budget Statement to the National Assembly tomorrow. In addition to the Budget Statement he will table the Estimates of Revenue and Expenditure for 2019 — usually called the “Blue Book” from the distinctive colour of its cover. Details of the various…
HARARE – Courtney Hotel is set to go under the hammer after it lost a case against its employees at the High Court. In a notice, Stothill Properties, notified the public that the Sheriff of the High Court had instructed a sale in execution in a case between the hotel and its employees. “In a…
HARARE – Indian soft drinks manufacturer, Varun Beverages has said it is doubling production at its recently-commissioned $40 million Pepsi manufacturing and bottling plant in Harare. The company, which is the largest bottler of PepsiCo products outside the United States, began producing carbonated PepsiCo products — Pepsi, Mirinda Orange, Mirinda Fruity, Mirinda Green Apple, Miranda…
HARARE – Properties worth tens of thousands of dollars have been destroyed in the last two days following fire accidents which authorities were still investigating by end of day yesterday. This comes as the country has been experiencing hot spells which experts said could act as agents for serious blazes if unsecured electrical cables or…
HWANGE – Hwange-based coal mining company Makomo Resources has denied grabbing Zambezi Gas’ land. This comes after Zambezi Gas appealed to the Temba Mliswa-led parliamentary panel to help get its land back allegedly grabbed by Makomo Resources, which is the largest privately-owned coal producer in Zimbabwe. Zambezi Gas shareholder and deputy managing director Linos Masimura…
HARARE – Government has shot down proposals by textile firms to hike prices of school uniforms by a massive 300 percent. This comes after uniform prices went up by as much as 440 percent last month. Addressing a government-hosted indaba on prices with business leaders on Monday, Industry minister Mangaliso Ndlovu revealed that some players…
HARARE – President Emmerson Mnangagwa is expected to officially open the Family Federation for World Peace and Unity (FFWPU) mega event at the National Sports Stadium today. Government deputy spokesperson Energy Mutodi told the Daily News yesterday that the event aims to unite the nation. “The aim of the event is to bring all Zimbabweans…
HARARE – The High Court yesterday granted bail to socialite and businessman Genius “Ginimbi” Kadungure charged with prejudicing the government of $3, 5 million through tax evasion. High Court judge Tawanda Chitapi set bail at $1 000 and postponed the case until November 30. Ginimbi would be released only when the court received $1 000…
