Business

Hwange Colliery Company Limited (HCCL) plans to sell Hwange town for $300 million to among other obligations offset over $70 million it owes employees in salary arrears dating back to five years.

Zimbabwe Revenue Authority system’s administrator Stephen Makore yesterday appeared in court on allegations of trying to swindle his employer of more than $2 million.

Imbibers and soft drink lovers are headed for hard times as the products are fast running out on retail shelves amid revelations that the country’s biggest producer, Delta Beverages was left with raw materials to last only one week.

Intratrek Zimbabwe’s plans to establish a 100-megawatt (MW) solar plant in Gwanda is in jeopardy after its technical partner, Shanghai-listed CHINT Electric (CHINT), was barred from accessing funds in Africa due to fraudulent practices.

National Patriotic Front (NPF) leader Ambrose Mutinhiri has been dragged to the High Court by the Zimbabwe Electricity Transmission and Distribution Company (Private) Limited (ZETDC) for failing to pay a $54 000 electricity debt.