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Reggie Saruchera

Airzim workers on forced unpaid leave

Reinstated Air Zimbabwe workers have now been sent on forced unpaid leave and are demanding that the airline, technically insolvent and under administration, immediately withdraws these orders, which they believe are illegal, and reinstates…
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Air Zim administrator meets creditors

Air Zimbabwe Administrator Reggie Saruchera, yesterday said he will convene the first meeting of creditors of Air Zimbabwe Holdings (Private) Limited and Air Zimbabwe (Private) Limited to discuss a number of thorny issues including proving…
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Air Zimbabwe resuscitation begins

The resuscitation of Air Zimbabwe has started in earnest following the commencement of work by a Government appointed administrator to superintend over the national airline’s revival, a Cabinet Minister has said.
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ZimAlloys deal still alive: Balasore

Indian firm Balasore Alloys said yesterday the deal to acquire 70 percent shareholding in Zimbabwe Alloys Limited was still on despite claims by judicial manager Reggie Saruchera this week that he had terminated the $90 million transaction.
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Foreign firms eye ZimAlloys

Two foreign firms from South Africa and India are eyeing a significant stake in the country’s second largest ferrochrome producer, Zimbabwe Alloys (ZimAlloys). ZimAlloys has been searching for investors to inject cash in its…
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Bakhresa clears $20m BRI debts

Blue Ribbon Industries says it has cleared over $20 million in debts and liabilities to creditors, financial institutions and staff following acquisition of entire stake by Tanzanian grain milling giant, Bhakhresa Group. General manager…
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