Browsing daily archive

May 22, 2015

Insider loans cripple Tetrad

TETRAD Investment Bank mired by a negative core capital to the tune of US$38 million, is facing collapse due to non-performing loans accounting for 99 percent of the loan book, the bulk of which were made to related parties with no security.

Riot police descend on Green Fuel

CHAOS reigned last week at Chisumbanje ethanol plant after Green Fuel called in riot police to disperse its employees who were on strike over the non-payment of salaries. The workers have gone for seven months without pay.

Mujuru case collapses

A LITANY of criminal accusations that were being pursued against Joice Mujuru and Didymus Mutasa seem to have collapsed before any charges could be preferred against them, an indication that investigations into their conduct might have failed to fish out something that could stick against the former ZANU-PF lynchpins.

Zanu PF expels seven more heavy weights

Zimbabwe’s ruling Zanu PF party on Thursday evening expelled at least seven top party members who have been linked to a faction of the former liberation movement said to be supporting ousted former Vice President Joice Mujuru and several others accused of attempting to topple President Robert Mugabe before the party’s congress last December.

Mliswa tears into Mujuru

Expelled Zanu PF lawmaker, Temba Mliswa, says ousted former Vice President Joice Mujuru is failing to protect her supporters who were booted out of the ruling party for allegedly planning to topple President Robert Mugabe.

‘Plot to arrest’ Mnangagwa

HARARE – A clique in the Zimbabwe Anti-Corruption Commission (ZACC) was planning to arrest Vice-President Emmerson Mnangagwa as factional wars intensified in the ruling Zanu PF party ahead of its December congress, documents obtained by NewsDay allege.