GetBucks exceeds performance targets in Q1, fair value gains boost bottomline
HARARE (FinX) – GetBucks says that performance in the first quarter to September 30 exceeded boosted mainly by fair value gains.
In a trading update, the group said that fair value gains from investment property...
NMB profit before tax in first 9 months rises to ZWL146.1 million
HARARE - (FinX) - NMB Holding’s profit before tax increased by 103% to ZWL$146.1 million in the 9 months to September 30, 2019 from ZWL72 million from in the same period last year due...
Electricity payments in forex remain a challenge: Nampak
HARARE - (Finx) - Packaging manufacturer, Nampak Zimbabwe says settlement of electricity bills in foreign currency is milking the industry as it does not match the exporting levels.
Last month, Zimbabwe officially gazetted a directive...
Marry faces six charges of money laundering and fraud
XOLISANI NCUBE
The embattled wife of Vice President Constantino Chiwenga, Marry Mubaiwa, faces at least six charges of money laundering and fraud as well as one count of misrepresentations amid indications that the fallout in...
Marry Chiwenga picked up for questioning by ZACC
Xolisani Ncube
THE Zimbabwe Anti-Corruption Commission on Saturday is reported to have picked up Marry Chiwenga, the embattled wife to Vice President Constantino Chiwenga for questioning on allegations of money laundering, fraud and misrepresentation.
Marry, according...
Passport reprieve for “Ginimbi”
Munyaradzi Doma
Flamboyant business Genius “Ginimbi”Kadungure, who is facing counts of prejudicing the Zimbabwe Revenue Authority of $3.8m, had his passport temporarily released for him to travel to South Africa and Botswana for business.
Ginimbi, who...
Killer T courts Sulu…
Tawanda Marwizi
Dancehall musician Kelvin Kusikwenyu popularly known as Killer T has released a singles collection titled “Hope Dzeumambo” which could be the next hit in the music industry.
The musician, who is one of the...
Mtsambiwa fights back; demands Tongaat Hulett retraction, claims US$500 000 damages
HARARE – (FinX) – Former Hippo Valley Estates chief executive Sydney Mtsambiwa has demanded a retraction of the statements contained in Tongaat Hulett’s accounting probe and is seeking US$500 000 in damages for defamation...
Grace Mugabe relocates to Zvimba
Xolisani Ncube
Former First Lady Grace Mugabe has reportedly relocated to Zvimba to oversee construction works amid indications that the family was planning to turn the grave into a tourist attraction.
Zvimba is former President Robert...
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Zimbabwe currency: Instability begets instability
Happi Zengeni/Tinashe Nyamunda
Zimbabwe has spent at least half its fiscal existence using temporary cash, other people’s cash with additions, facing cash shortages, counterfeiting its...
