Business »
Monday, 29 April 2013 13:38
HARARE - Australian Stock Exchange-listed Zimbabwe Platinum Mines Limited (Zimplats) insists it will not pay the $17 million invoice levied by Brainworks Capital (Brainworks). This comes as the platinum group metals producer in February rejected Brainworks’ bill for financial advisory services...Read More
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Thursday, 25 April 2013 11:24
HARARE - Government is in the process of pushing through amendments to the Indigenisation Act due to flaws in the implementation process of several empowerment deals that would have resulted in the country losing out to foreign companies as exposed by...Read More
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Wednesday, 27 March 2013 11:48
HARARE - Some Zanu PF Members of Parliament have come out guns blazing demanding answers on how the indigenisation programme was implemented, as the Nieebgate Scandal exposed by the Daily News rages on. Legislators from the Mines and Energy portfolio committee,...Read More
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Monday, 18 March 2013 10:13
HARARE - It is not so long ago when the Daily News observed that serial political flip-flopper Jonathan Moyo - who only the desperate can trust - has been wailing more than the bereaved and behaving as though the same group...Read More
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Friday, 15 March 2013 10:48
HARARE - From the sentiments expressed by Jonathan Moyo who is obviously looking beyond the nuisance and inconveniences caused by the Nieebgate scandal, it is evident that he believes Zanu PF is the only party after 33 years in State power...Read More
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Wednesday, 13 March 2013 11:30
HARARE - In terms of paragraph 9 of the term sheet below, all arrangements relating to the vendor financing of the indigenisation shares, and the security to be offered to the vendor are to be governed and interpreted in accordance with...Read More
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Tuesday, 12 March 2013 11:03
HARARE - An in(voice) must be supported by a voice of a living person for it is true that in the animal kingdom invoices are not relevant and even in this age of technology no two machines can never be expected...Read More
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Thursday, 07 March 2013 09:52
HARARE - There is a conspiracy of silence by parties involved in the $1 billion Zimplats indigenisation deal following the platinum miner’s refusal to foot $17 million in consultancy fees charged by Brainworks Capital (Brainworks), an advisory firm that carved the...Read More
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Thursday, 07 March 2013 09:52
HARARE - It never rains but pours for Brainworks Capital Management Company (Brainworks) after Unki Mines Pvt Ltd (Unki) rejected dubious instructions from the National Indigenisation and Economic Empowerment Board (Nieeb) to pay $3,3 million for untendered advisory services. The Nieebgate...Read More
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Wednesday, 06 March 2013 12:12
HARARE - The Zimplats Indigenisation (ZI) transaction has exposed the disconnection between the minds of key policymakers as well as the generational challenge that faces Zimbabwe. It is evident from the construction of the debate that there is a serious fault...Read More
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Sunday, 03 March 2013 14:16
HARARE - The Zimplats Indigenisation Transaction (“ZIP”), a landmark transaction in terms of value and significance now exposes the confusion that is inherent in a programme not supported by a coherent knowledge, capital and execution strategy. The objective to empower previously...Read More
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Business »
Saturday, 02 March 2013 14:19
HARARE - Platinum group metals producer Zimplats Holdings Limited (Zimplats) incurred a $6 million loss in the half year to December 2012 down from a $68,4 million after tax profit registered in previous comparable period. During the period under review, revenue...Read More
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Saturday, 02 March 2013 14:15
HARARE - Zimbabwe Platinum Mines Limited (Zimplats) has posted a $6,4 million loss in the half year to December 2012, in a development that could jeorpadise the indigenisation of the platinum miner in 10 years. This comes as the platinum group...Read More
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Saturday, 02 March 2013 14:15
HARARE - In 1958, Nigerian author, Chinua Achebe’s book: Things Fall Apart was published and little did he know that in 2013 the words in the book: “When things fall apart, the centre cannot hold” would be used to describe the...Read More
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Saturday, 02 March 2013 14:15
HARARE - Zimbabwe’s indigenisation scandal has taken another turn after President Robert Mugabe designated part of the land owned by platinum producer Zimplats for compulsory acquisition. Now dubbed the Nieebgate Scandal after a Daily News exposé, the scam has opened a...Read More
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