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1-10 results from 1000 for query «percent»

October 17, 2018 7:43 PM Nedbank buying back shares from minority shareholders

NEDBANK Group (Nedbank) says it will pay R2 billion (approximately US$139,6 million) to minority shareholders inherited from Old Mutual. The South Africa-based financial institution, which owns Nedbank Zimbabwe, yesterday said it is buying back its stock from shareholders who hold less than 100 shares as a result of the unbundling by its biggest shareholder 15

October 15, 2018 4:19 PM Worry over inflation pressures

Renowned US economist Steve Hanke said Zimbabwe’s 2018 cumulative inflation hit 155,8 percent as of October 12. According to Hanke’s projections, the first country with highest inflation in the world is Venezuela, at 2 500 000 percent, followed by Iran at 273 percent and Zimbabwe at 155,8 percent. “My weekly world inflation roundup: New to the list is Zimbabwe 7

October 12, 2018 6:17 AM Whistleblower sues ZIMRA for $1,8m

A whistleblower who assisted the Zimbabwe Revenue Authority (ZIMRA) recover $18 million tax from a local mobile network service provider through a tip off, has taken the taxman to court claiming his 10 percent commission. The man (name withheld) supplied information that NetOne was flouting tax obligations, resulting in ZIMRA recovering $18 913 694 from the communication 22

October 11, 2018 1:07 AM Cheating women to pay back child upkeep money

A court in Bulawayo has ordered two women to repay a police officer and a soldier the money they have been contributing as maintenance after paternity tests proved they did not sire the children they were maintaining. Decock Masuku, the police officer, had been paying $90 since March this year for a one year old child. He demanded paternity tests alleging 21

October 10, 2018 2:01 PM Mobile money subscribers rise

Zimbabwe’s number of active mobile money subscribers increased by 12,6 percent to 5,6 million during the 2018 second quarter from 5,01 million due to cash shortages in the country, latest industry data show. The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said NetOne experienced a significant growth in active mobile money 13

October 5, 2018 9:14 AM Seed Co lists on Botswana bourse, ZSE

Zimbabwe’s largest seed maker Seed Co Limited’s partial unbundling comes to fruition today with the primary listing of spin-off Seed Co International on the Botswana Stock Exchange (BSE). Seed Co International will also get a secondary listing on the Zimbabwe Stock Exchange (ZSE), where the parent company already trades. According to a circular issued 18

October 1, 2018 1:37 PM 70 000 in risky abortions yearly

Over 70 000 women in Zimbabwe are involved in unsafe pregnancy terminations each year, re-igniting debate on whether the authorities should legalise abortions. A civic society organisation pushing for safe abortion, Right Here, Right Now Zimbabwe (RHRNZ), has sensationally claimed that 70 000 women — almost the size of the ancient city of Masvingo, which 2

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 29, 2018 12:57 PM CBZ raises $75 million for Ama

CBZ Holdings Limited has successfully raised the $75 million required by government to fund the purchase of maize from farmers for the 2018 buying season. In a notice issued yesterday, the bank which is the financial advisor to the Agricultural Marketing Authority (Ama), said the grain bills were fully subscribed for. “The Agricultural Marketing Authority 7

September 26, 2018 4:51 PM Bread price to go up again

The price of bread is set to increase for the second time within a month owing to exorbitant production costs, the National Bakers Association of Zimbabwe (NBAZ) has revealed. NBAZ president Ngoni Mazango told the Daily News that his association is engaging with stakeholders to deliberate on pricing. “Yes the price of bread is likely to increase, because 21