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June 10, 2018 3:32 AM SA police raid bank in Zuma probe

JOHANNESBURG — An elite South Africa police unit raided offices of India’s Bank of Baroda on Friday and seized documents as part of an investigation into state corruption under former president Jacob Zuma, a police spokesman said. Bank of Baroda, which is winding down its operations in South Africa, was thrust into the spotlight two years ago when it started 7

June 10, 2018 2:56 AM RBZ digs in on cryptocurrency ban

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has defended the central bank’s decision to ban cryptocurrency transactions and accused a local dealer of exposing the country, money-laundering, evasion of foreign currency exchange controls and violation terrorism financing. Bitfinance (Pvt) Ltd, trading as Golix, is challenging the recent RBZ ban at the High Court 7

June 5, 2018 1:35 PM Soldier blows $237 000 deposited in his account

A soldier reportedly stole $237 000 that had been mistakenly transferred into his bank account during a system failure at Cabs Bank Limited last year, a court heard. Arnold Lethlale Pullen, 27, was released on bail when he appeared before Harare magistrate Victoria Mashamba. The complainant is Cabs represented by Collins Chikukwa, the manager Recoveries 4

May 25, 2018 10:57 AM OK profits up 174,6pc

Listed retailer OK Zimbabwe’s profits went up by 174,6 percent to $16,6 million in the full year to March 31, 2018 from $6,1 million in prior year due to improved sales. The group’s chairperson David Lake yesterday said the strong growth reported at half -year continued through to the end of the financial year. “The group delivered a significantly improved 52

May 25, 2018 10:51 AM Stanbic rescues Nyamuzuwe hospital

Stanbic Bank Zimbabwe has set aside $100 000 for the construction of a mother’s waiting home at Nyamuzuwe Rural Hospital in Mutoko, some 160 km north of Harare. Together with Plan International, their implementing partner, the bank will fund the construction and equipping of the home in a project set to change the lives of families in Nyamuzuwe 51

May 9, 2018 9:05 AM Zimswitch introduces new payment system

ZIMSWITCH Technologies, a company that provides interoperability for local financial payment systems, has introduced “Zeepay”, a new electronic payment product that enables users to send money to multiple recipients. Zeepay is short code for Zimswitch Enhanced Electronic Payments. Formed in 1994 as a partnership of five banks, Zimswitch Technologies 22

May 5, 2018 8:54 PM Forex shortages hobble delivery of garbage trucks

Harare mayor Bernard Manyenyeni has been tasked by councillors to follow up on the delivery of refuse compactors that were purchased last year. According to ordinary council minutes, acting town clerk Hosea Chisango visited the Reserve Bank of Zimbabwe (RBZ) to inquire on the disbursement of foreign currency to cover the city’s needs. Of the 30 refuse 33

May 3, 2018 1:15 PM Zinara bosses freed – Nehanda Radio

Five Zimbabwe National Roads Administration (Zinara) executives, who were last year arrested for criminal abuse of office, have been found not guilty and acquitted. Messrs Precious Murove (director administration and human resources), Simon Taranhike (finance director), Shadreck Matengabadza (finance manager), Stephen Matute (accountant) and Givemore 47

May 1, 2018 5:11 PM Wife demands 40 % hubby’s retirement package

A former Delta Beverages employee has been dragged to court by his wife who is demanding 40 percent of his retirement package and pension as spousal maintenance. Bulawayo magistrate Ms Sthembiso Ncube heard that Siso Sibanda was in arrears for the maintenance of his wife, Mrs Tedy Gareth Sibanda. The amount Sibanda owed could not be established as the two seemed 41

April 27, 2018 11:26 AM Hubby takes wife’s panties to work

Bad girls don’t deserve underwear! That is Nicholas Makwara’s thumb rule for his wife Cathelene Makunganidze whom he accuses of disrespecting him. Makunganidze said her husband confiscates her panties and hides them at his workplace. She revealed this in her protection order application. She also complained that her husband was also physically, emotionally 36