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The High Court on Wednesday nullified transactions made by three former Renaissance Financial Holdings Limited (RFHL) directors after they were fired in 2012, effectively reversing the National Social Security Authority (NSSA)’s controversial acquisition of the financial institution.
By Shame Makoshori Zimbabwe Stock Exchange-listed investment conglomerate, Zimre Holdings Limited (ZHL), has received notice from embattled banker and former chief executive officer (CEO) of ReNaissance Financial Holdings Limited (RFHL), Patterson Timba, to abort talks for a planned merger with First Mutual Holdings Limited (FMHL). In a December 2, 2016 letter to ZHL’s group CEO, […]
By Shame Makoshori The National Social Security Authority (NSSA) has filed criminal charges against former ReNaissance Financial Holdings Limited (RFHL) group chief executive officer (CEO), Patterson Timba, claiming the top banker swindled the defunct financial services giant of US$16 million. But Timba has hit back, claiming NSSA had taken to retribution after he queried a […]
By Shame Makoshori The Government has blacklisted bankers whose institutions collapsed due to delinquency, effectively sealing the fate of former highfliers accused of precipitating the demise of several financial institutions and shaking public confidence in the sector. According to the Banking Amendment Act 2015, which was gazetted last week, individuals implicated in the collapse of […]
After our license was finally issued, we quickly turned our attention to raising the money to build the business. I had long realised that this kind of business was capital intensive. I knew that I had to have a very good team on Finance. This was not just a job for an accountant, I needed a banker, to lead the team that would look for the money.
First Lady Grace Mugabe’s son, Russell Goreraza, has been ordered to pay workers at Tolrose Mine in Kadoma more than $340,000 in salaries arrears.
KADOMA – Grace Mugabe’s son from her first marriage, Russell Goreraza, has seized control of Tolrose Gold Mine in Kadoma, amid reports of an ownership feud.
HARARE – Banker Patterson Timba has filed a lawsuit against prominent businessman Mr Jayesh Shah claiming malicious prosecution damages to the tune of US$100 000. Mr Timba claims Mr Shah caused his arrest four years ago on a purely civil issue.
More than 60 people have been arrested in connection with the shooting incident that occurred in a long-running gold mine ownership wrangle between banker Mr Patterson Timba and businessman Mr Jameson Rushwaya.
The National Social Security Authority general manager James Matiza on Thursday updated the board on the government’s proposal for the pension fund to invest in ReNaissance Financial Holdings Limited. NSSA said last week an auditing firm would evaluate whether it makes sense or not to invest.