News » Fungai Kwaramba, Staff Writer
Monday, 13 May 2013 11:16
HARARE - Crusading on an indigenisation programme — the corporate version of the farm invasions a decade ago — President Robert Mugabe is seeking to shore up his support ahead of an election which promises not only to be his last,...Read More
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Business »
Wednesday, 08 May 2013 12:36
HARARE - Finance minister Tendai Biti has threatened to undo empowerment deals signed by Indigenisation minister Savior Kasukuwere, if his Movement for Democratic Change (MDC) party wins the forthcoming elections. Biti, also MDC’s secretary general, said Kasukuwere’s controversial policy would be...Read More
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News »
Tuesday, 07 May 2013 14:15
MUTARE - Zanu PF activist and businessman Temba Mliswa on Friday warned that his party could be headed for an election loss if it fails to address pressing issues such empowering the youths. Mliswa, president of an empowerment pressure group, the...Read More
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News »
Tuesday, 30 April 2013 10:13
HARARE - Lawyers for the National Indigenisation and Economic Empowerment Board (Nieeb) plan to launch a $10 million defamation claim against the Daily News, alleging that the organisation has been falsely accused of using gun-wielding security personnel to stop the Anti-Corruption...Read More
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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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Opinion & Analysis »
Thursday, 25 April 2013 13:58
HARARE - As reported in our lead story of this issue, pending amendments to the Indigenisation Act of 2007 are most welcome. What is particularly interesting is that this comes in the aftermath of the Nieebgate Scandal which was exposed by...Read More
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News »
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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Business »
Friday, 12 April 2013 15:19
HARARE - The Zimbabwe units of Barclays and Nedbank have announced projects to boost their presence in Zimbabwe by opening new branches, installing new automated teller machines (ATMs) and developing new, technology-based banking platforms across the country. Barclays Zimbabwe and Nedbank’s...Read More
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Business »
Thursday, 11 April 2013 10:57
HARARE - Tourism minister Walter Mzembi has warned players in the hospitality sector to comply with the indigenisation policy or risk losing their operating licences. Mzembi said the sector is not exempted from the law — which compels all foreign-owned companies...Read More
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Business »
Thursday, 11 April 2013 10:51
HARARE - Platinum group metals producer Zimplats Holdings Limited (Zimplats) yesterday said it will disburse a further $1,6 million to the Mhondoro-Ngezi Community Share Ownership Trust to fulfil its commitment to the indigenisation programme. Busi Chindove, the company’s spokesperson, told businessdaily...Read More
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News »
Wednesday, 10 April 2013 12:51
HARARE - Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says Standard Chartered Bank Zimbabwe Limited (Standard Chartered) will not be closed, despite threats by the National Indigenisation and Economic Empowerment Board (Nieeb) to shut down the financial institution. Nieeb recently...Read More
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Business »
Wednesday, 10 April 2013 10:21
HARARE - MBCA Bank (MBCA) – a unit of South Africa’s Nedbank group – says it will increase its branch network in Zimbabwe despite indigenisation pressures threatening to scuttle operations. The financial institution said the move is part of efforts to...Read More
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Business »
Monday, 08 April 2013 09:58
HARARE - Empowerment minister Savior Kasukuwere says he is yet to meet Barclays Africa chief executive Kennedy Bungane over indigenisation of the bank’s Zimbabwean unit. Kasukuwere — who was supposed to meet Bungane on March 26 — told businessdaily that the...Read More
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News »
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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Business »
Monday, 25 March 2013 11:33
HARARE - Indigenisation minister Savior Kasukuwere said he will meet Barclays Africa Chief Executive Officer Kennedy Bungane about plans by the lender’s local unit to sell a majority stake to black citizens by June. “We will be meeting him on Tuesday...Read More
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