The Chamber of Mines of Zimbabwe, which represents companies including Impala Platinum Holdings Ltd., rejected a proposal for the state to control mineral production and prices, a draft response from the industry organization obtained by Bloomberg News shows.
EQUITIES on the Zimbabwe Stock Exchange hit an all-time high last Friday, helped by gains in blue chips while Delta Corporation ended at another record high after releasing impressive earnings. The industrial index hit a new record high of 210,29 points.
The European Commission’s defined corporate social responsibility (CSR), as: “A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.”
Debate on indigenisation of Zimbabwe’s financial sector has occupied centre-stage for the last two or three years with the Reserve Bank of Zimbabwe expressing unhappiness over the “one-size-fits-all” method of implementing this long-overdue programme.
BEITBRIDGE – The Zimbabwe Revenue Authority has been forced to revert to calculating duty for vehicle imports at Beitbridge border post after their information and technology officers failed to address internet connectivity at the Manica bonded warehouse.
Zimbabwean businessman Frank Buyanga is turning to be a “saviour” in South Africa. Buyanga is on the police wanted list for allegedly using his then Hamilton Properties to con people of their properties. Interpol have also issued a warrant of arrest for the businessman.
HARARE – Zimbabwe is losing a large chunk of its revenues to thieves in government, Finance minister Tendai Biti has claimed. Government departments are not remitting cash to Treasury and other forms of theft of minerals are on the rise in Zimbabwe.
The governor of the Reserve Bank of Zimbabwe, Gideon Gono, says he is determined to unmask and sue the administrator of a Facebook group called ‘Zim Jokes Corner’ who claimed to have a sex-tape of the married governor romping with a mistress.
HARARE – Exiled businessman Frank Buyanga has hired a top Israeli lawyer Nick Kaufman to fight an Interpol arrest warrant issued against him at the behest of the Zimbabwean government. The lawyer says he is confident of a positive outcome for his client.
A Harare businessman has filed a High Court application seeking an order barring Telecel Zimbabwe from running the popular Mega Promotion on the basis that it was a “stolen idea”. Mr Peterson Tengende operates an information technology firm.