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1-10 results from 1000 for query «debt»

October 17, 2018 7:59 PM Mushure sues Dynamos – Nehanda Radio

Dynamos captain Ocean Mushure has taken the Harare giants to the High Court over its failure to pay him over $26 000, which includes signing-on fees. Mushure, who is the applicant in the matter, told the court that on December 30, 2016, he signed a contract with Dynamos in which he was to play for the struggling football club. “In terms of the contract 14

October 17, 2018 6:58 AM Man ordered to pay Total Zimbabwe 30K

The High Court has ordered a Chivhu businessman to settle a debt of close to $30 000 to Total Zimbabwe and vacate a service station he was leasing from the fuel company. Mr Moses Jiri had sued Total Zimbabwe for $83 000 that he claimed was unlawfully deducted from his guarantee account held by the fuel company. A guarantee account is one where the lessee 14

October 11, 2018 1:50 AM Mamamah airport: Sierra Leone cancels China-funded project

Sierra Leone has cancelled a $400m (£304m) Chinese-funded project to build a new airport outside the capital Freetown. Former President Ernest Bai Koroma signed the loan agreement with China before he lost elections in March. At the time, the World Bank and the IMF warned that the project would impose a heavy debt burden. The decision comes amid concern 21

October 5, 2018 11:48 AM BCC owed over $2m in unpaid fees

Bulawayo City Council-run schools are owed more than $2 million in unpaid fees with the local authority increasing electronic options of payment to promote ease of doing business. According to the latest council minutes, debt that dates back to 2014 increased by $237,221 from the first term. “The Director of Housing and Community Services reported (13th September 21

September 29, 2018 1:31 PM Ex-Zanu PF MP ‘fails to pay land levy’

Mazowe Rural District Council (MRDC) has dragged former Zanu PF MP for Mbare Constituency Tendai Savanhu to the High Court for failing to pay over $23 000 land development levy. In the application, MRDC is the applicant, while Savanhu and Nyachura Farms (Private) Limited are cited as first and second respondents respectively. “The first defendant (Savanhu) 8

September 22, 2018 12:13 PM Tarumbwa out of prison

Chicken Inn FC striker Obidiah Tarumbwa has been released from prison after he committed to pay more than $600 monthly until he clears about $6 000 in maintenance arrears for the upkeep of his two children. He paid a lump sum of $1 500 towards the arrears and made a payment plan for the balance. Tarumbwa has been in a long-running battle over the maintenance 15

September 19, 2018 3:27 PM Puzey and Payne set to lose property

Motor vehicle spares and maintenance firm Puzey and Payne is set to lose one of its properties over an undisclosed debt with NMB Bank. The firm will lose 3 368 square metres of land situated in Manresa, Chikurubi Township. The property will be auctioned by Hammer and Tongues Real Estate after the Sheriff of the High Court attached the property on behalf 9

September 19, 2018 3:04 PM Ex-Finance minister sued over land levy

Mazowe Rural District Council has dragged ex-Finance minister Christopher Kuruneri to court for failing to pay over $20 000 for land development levy. According to court papers, the Mazowe Rural District Council is the applicant, while Kuruneri and Gomorenzou Estate are the first and second respondents respectively. “The first defendant (Kuruneri) is an occupier 9

September 12, 2018 5:57 AM Cricketer Chigumbura fails to pay rent

Top cricketer Elton Chigumbura is in trouble over rental arrears amounting to $18 000 he owes a local property owner. Chigumbura entered a lease agreement for a Harare property with a local company, Best Results Management Enterprises Private Limited. In a bid to recover its dues, the firm through its lawyers Ruth Zimvumi Legal Practice, filed a lawsuit 10

September 10, 2018 10:45 PM New Finance Minister eyes urgent reforms

Newly appointed Finance Minister Mthuli Ncube, has pledged extensive economic reform measures expected to begin with scrapping of Zimbabwe’s surrogate currency, bond notes and reining in Government spending to restore macro-economic stability and sustainable growth. Ncube, a professor of economics and finance, said he already had plans and a vision of what reform 27