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, 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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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 »
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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Opinion & Analysis »
Monday, 25 March 2013 11:18
HARARE - Following the exposure of the Nieebgate Scandal by the Daily News, there has been a flurry of denials, deadly fight-backs, intimidation and threats on this newspaper’s investigative crew and editors but we remain unshaken. In investigating the Nieebgate Scandal,...Read More
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News »
Monday, 25 March 2013 11:13
HARARE - Cracks have emerged in the Zimbabwe Anti-Corruption Commission (Zacc), with the body’s investigators coming under severe pressure to drop corruption investigations into three ministries accused of underhand dealings. Zacc chairperson, Denford Chirinda, claimed on Sunday that Zacc had made...Read More
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News »
Thursday, 21 March 2013 10:12
HARARE - Zimbabwe's Anti-Corruption Commission (Zacc) has vowed to fight on despite what the organisation yesterday described as politically-motivated crackdown on the constitutional body. Zacc spokesperson Goodwill Shana told a press conference yesterday that the commission was undeterred by the escalating...Read More
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News »
Monday, 18 March 2013 09:47
HARARE - What is a Sovereign Wealth Fund (“SWF”)? Is there a need for it? What is the relationship between the Fund and indigenisation? On Wednesday, March 9, 2011, Indigenisation and Empowerment minister, Savior Kasukuwere speaking at an investment conference held...Read More
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News »
Friday, 15 March 2013 10:33
HARARE - Indigenisation minister Saviour Kasukuwere insists that foreign-owned banks will not be exempt from the controversial empowerment programme. According to reports by state-owned broadcaster ZBC, Kasukuwere told a tobacco growers’ forum organised by Boka Auction Floors at Tsakare Primary School...Read More
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News »
Thursday, 14 March 2013 10:54
HARARE - As the Nieebgate Scandal takes new twists and turns, Saviour Kasukuwere’s ministry of Youth Development, Indigenisation and Empowerment which is under investigation for possible underhand dealings, is today pinning its hopes on the High Court for protection from corruption...Read More
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News »
Wednesday, 13 March 2013 11:30
HARARE - Investigators from Zimbabwe’s anti-corruption watchdog claim that they were on Monday and yesterday barred by gun-toting men from entering the National Indigenisation and Economic Empowerment Board (Nieeb) offices in central Harare to investigate the Nieebgate Scandal. The scandal was...Read More
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News »
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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News »
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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