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1-10 results from 1000 for query «finance»

June 18, 2018 12:31 PM Group to take #JuliusMalema to court for racist rant

A KwaZulu-Natal minority rights group is looking to open a third case against EFF leader Julius Malema for claiming that the majority of Indians are racist. Malema was speaking at his party’s Youth Day commemorations in Klerksdorp in the North West Province at the weekend. “(The) majority of Indians hate Africans, (the) majority of Indians are racist 18

June 11, 2018 6:04 AM Ziscosteel sale awaits shareholder approval

Shareholders of the Zimbabwe Iron and Steel Company (Ziscosteel), will hold an extraordinary general meeting on June 28, to approve a transaction that will see the steelmaker’s assets sold to Chinese investor Tian Li (Hong Kong) Limited. Approval of the transaction will bring into effect the revival of the country’s largest steelmaker, which closed shop in 2008 after 30

May 23, 2018 3:03 PM Mbanje farming suspension draws fire

Government’s surprise decision to suspend issuing licences to prospective cannabis (mbanje) growers for research and medicinal purposes — less than a month after approving its farming — has sparked outrage from Zimbabweans who said the decision betrays incompetence. Deputy minister of Finance Terrence Mukupe announced at the weekend the suspension of licensing 47

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

April 20, 2018 10:20 AM Zifa pledge to pay Mighty Warriors

Following the release of funds for last year’s COSAFA tournaments into the regional body coffers this week, ZIFA have committed to first honouring their financial obligations to the Mighty Warriors. They owe them a substantial amount of money. The Mighty Warriors, who finished as runners-up to COSAFA champions South Africa at Barbourfields last September 24

April 14, 2018 9:22 AM Mukupe grilled over airtime health levy fund

Senators on Thursday grilled the Deputy Minister of Finance and Economic Development Terrence Mukupe on why Treasury was only disbursing 50 percent of the health levy fund from airtime to the Ministry of Health and Child Care. Introduced in 2016, the health fund is a Government levy of five percent on every dollar purchase of airtime and mobile data. Although 37

April 1, 2018 2:17 AM Conversion of pensions to US$: commission cites conflict of interest

A commission of inquiry into the conversion of insurance and pension values to the United States dollar from the Zimbabwean dollar says there was regulatory capture through failure to have operational independence among government, insurance regulator and players. In its report released two weeks ago, the commission said the regulatory structure in Zimbabwe 12

March 29, 2018 11:55 AM Agribank appeals for $50m to expand services

AGRIBANK has appealed to government for a $50 million capital investment to facilitate expansion of services the bank provides. CEO Somukhosi Malaba told the Indigenisation Thematic Committee recently that Agribank needed to hit the $100 million financial capital injection in order to diversify its services. “The bank has received substantial capitalization 169

March 25, 2018 12:13 PM Zim could earn $200m/yr if it adopts Rand, claims Minister

Zim could earn $200m/yr if it adopts Rand, claims Minister VICTORIA FALLS: Finance deputy minister Terrence Mukupe has said Zimbabwe is losing a potential $200 million per annum which it can earn if it joins the Common Monetary Union and adopt the South African rand. Zimbabwe adopted a multi-currency system in 2009 but the US dollar resultantly overrode 35

March 21, 2018 5:03 PM Con-Court reserves ruling in Political Parties Finance Act challenge

The Constitutional Court (Con-Court) yesterday reserved ruling in a legal challenge to the Political Parties Finance Act lodged by small political parties, Zimbabwe Development Party and Voice of the People Party. Leading the full Con-Court bench of nine judges, Chief Justice Luke Malaba will rule on an unspecified date on the fringe parties’ bid to repeal 12