Business

The Bulawayo City Council has said the Egodini Mall project has missed set deadlines owing to the prevailing economic challenges with the contractor mulling suspending construction works.

The Cold Storage Company (SC) Masvingo branch will soon be fully operational as the new investor, Boustead Beef (Pvt) Ltd, has started working on resuscitating the plant, an official said.

Old Mutual said fired chief executive officer Mr Peter Moyo issued the South African insurer with summons seeking damages totalling R250 million.

The Reserve Bank of Zimbabwe (RBZ) has brought back cash-out transactions but capped it at $100 to ensure abuses of mobile money platforms are minimised.

By Staff Reporter Businessman Wicknell Chivayo took another giant step towards quashing all the cases against or involving him before the courts after a judge granted $1 000 bail pending appeal to the former Zimbabwe Power Company (ZPC) board chairman Stanley Kazhanje. Kazhanje was convicted and sentenced to an effective one-year jail term for allegedly concealing a US$10 000 payment from Chivayo, the Intratrek Zimbabwe chief executive. It is the reasons given by Justice Amy Tsanga in granting bail however that will have cheered both Kazhanje and Chivayo.