HARARE - Controversy has erupted at TM Pick n Pay Zimbabwe, a subsidiary of Meikles Limited, with allegations of racism, foreign currency looting and unfair salary practices emerging against the company's Managing Director, Malcolm Mycroft.
HARARE - Hyatt Regency Harare, formerly Meikles Hotel, a prominent hotel in Zimbabwe, is embroiled in a controversy surrounding allegations of racism and labour law violations against its general manager, Jonas Amstad.
HARARE - Invictus Energy has secured a major investment boost for its Muzarabani gas project, with Mangwana Capital and the Mutapa Investment Fund committing US$10 million to advance the discovery.
HARARE - The Reserve Bank of Zimbabwe (RBZ) is with immediate effect injecting over US$50 million into the interbank foreign exchange market to supplement liquidity under the Willing-Buyer Willing-Seller (WBWS) trading arrangement.
"I, therefore, propose to secure duty and levies on fuel imported under Removal in Transit Facility, by imposing payment of duty at the Port of Entry. Such duty and levies shall be recovered on acquittal at the Port of Exit. "
HARARE - Zimbabwe's economy is facing significant challenges as the country's growth rate is expected to slow down to 2% in 2024, due to the severe drought that has affected the agricultural sector. Finance Minister Mthuli Ncube confirmed this during his 2024 mid-term budget review in Parliament on Thursday.
HARARE - The decision by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) to revoke the exclusive rights granted to Wicknell Chivayo's IMC Communications (Pvt) Ltd for the provision of Starlink services in the country, means that other internet service provider’s (ISP) can also partner with global satellite internet giant.
Invictus Energy Limited, an Australian-based oil and gas company, has announced that its 80% owned subsidiary, Geo Associates (Pvt) Ltd, has successfully renewed its SG 4571 licence in Zimbabwe's Cabora Bassa Basin for a further three-year term.
A recent auditor's report has raised concerns about the financial statements of Vanguard Life Assurance Limited and Fidelity Life Assurance of Zimbabwe Limited, both of which are subsidiaries of Zimre Holdings Limited.
Victoria Falls Stock Exchange (VFEX) listed mining company, Caledonia Mining Corporation Plc, has announced that Allan Gray Proprietary Limited, one of Africa's largest privately-owned and independent investment management companies, a significant shareholder, has notified the company of a change in its shareholding.
