Business

The row pitting Equity Properties (Pvt) Ltd and a global financial concern, Al Shams Global BVI Limited, last week took a new twist after the Supreme Court ruled that a court order which the former obtained reclaiming title deeds to “The Golden CT suburb” was issued in error.

Former Econet Media’s partner Dr Dish’s fears that the mobile company could conceal or destroy accounting statements it needed to confirm any payments due to it warranted the intervention of the court, the High Court has ruled.

A bid by fertiliser manufacturer Windmill (Pvt) Ltd to recover US$157 000 from Pioneer Hi-Bred Zimbabwe last week hit a snag after the High Court threw out the claim.

While a 2-litre bottle of cooking oil costs R32,50 in South Africa, it is selling for $51,99 in Zimbabwe giving a price difference of 60 percent. There is a 43 percent difference in the price of a 2kg box of Maq washing powder which is pegged at R39,99 in South Africa and $56,99 locally. A 2kg pack of rice costs 122 percent more in Zimbabwe at $54,99 while in South Africa it is selling at R24,75.

At an estimated USD$10 000 a day, flamboyant businessman and Intratrek Zimbabwe Managing Director Wicknell Chivayo has hired one of South Africa's best lawyers in Advocate Francois Joubert SC to beef up his legal team comprising Wilson Manase and Advocate Lewis Uriri.