Econet to list Cassava on Tuesday

Econet Wireless Zimbabwe Limited has announced that it will list the now separated Cassava SmarTech Zimbabwe Limited on December 18, 2018 following approval by the Reserve Bank of Zimbabwe for shares to be issued to foreign shareholders. Own correspondent Econet Group finance director, Roy Chimanikire confirmed the new listing date. “We have now obtained all outstanding shareholder and regulatory approvals to go ahead. We are finalising the modalities and shareholders will have their shares in a few days.” Explaining the modalities, Chimanikire said all Econet shareholders that acquired their shares…

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Editorial Comment: Commissions’ measly budgets need relook

SIX years after the Constitution established the Chapter 12 and Chapter 13 independent commissions, their complete independence remains questionable because most of their programmes still have to be funded by development partners, as government has failed to adequately fund them through the fiscus. Editorial Comment These commissions include the Zimbabwe Electoral Commission (Zec), which got $14,3 million from the 2019 national budget, Zimbabwe Human Rights Commission (ZHRC) $3,3m, Zimbabwe Gender Commission (ZGC) $1,9 million, Zimbabwe Media Commission (ZMC) $1,5m and the National Peace and Reconciliation Commission (NPRC) $2,4m. The Zimbabwe…

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11 Things they Said About the Transitional Justice Symposium

From 21 to 23 November 2018, over 118 delegates converged in Bulawayo for the 2018 Transitional Justice Policy Symposium which was jointly convened by the National Transitional Justice Working Group (NTJWG) and the Centre for the Study of Violence and Reconciliation (CSVR). The theme of the symposium was, ‘Never Again: Setting the Transitional Justice Agenda for Zimbabwe.’ The event was live on twitter and Facebook. Over three million people were reached online via the hashtag #NeverAgainZW. We have documented some of the statements by delegates who participated in the symposium…

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Kamambo arrested

ASPIRING Zifa president Felton Kamambo, who is challenging incumbent Philip Chiyangwa for the post, was yesterday picked up by the police on allegations of threatening violence on the association’s general secretary Joseph Mamutse, last month. BY TAWANDA TAFIRENYIKA Kamambo spent about at hour at Highlands Police Station and was later released after signing a warned and cautioned statement. He was charged under Section 186 of the Criminal Law (Codification and Reform) Act. The former Zifa executive committee member is alleged to have threatened violence on Mamutse and the case was…

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Cindy is new face of Vaida cosmetics

AWARD-winning songbird and entrepreneur, Cindy Munyavi (pictured) has signed a “lucrative endorsement” deal with a local manufacturer of cosmetics Vaida Chemicals to be the face of its range of products. BY WINSTONE ANTONIO Vaida Chemicals manufactures a range of cosmetics that includes body lotions, hair food, styling gel, shaving powder and beeswax among other products. The Pareremoyo hitmaker yesterday told NewsDay Weekender that she was happy for such an endorsement by Vaida Chemicals. “In a bid to draw the attention of a younger financially empowered target market as Vaida Chemicals…

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Govt scoffs at SA ConCourt ruling

PRESIDENT Emmerson Mnangagwa’s government is unfazed by a damning judgment delivered by the South African Constitutional Court early this week that could signal the resuscitation of the Sadc Tribunal, Information deputy minister Energy Mutodi said yesterday. BY RICHARD CHIDZA Created as a court of last resort for the region in August 2000, the tribunal made a ruling against Zimbabwe’s land expropriation policy in 2008, a move which triggered a chain of events which led to regional leaders disbanding it in 2014 and creating a separate protocol to only deal with…

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Nothing beats dialogue: US

THE United States government has called on President Emmerson Mnangagwa to show his statesmanship by urgently engaging his political nemesis MDC leader Nelson Chamisa for reforms needed to restore political stability and rescue the country’s free-falling economy. BY NQOBANI NDLOVU/ SHARON SIBINDI/ OBEY MANAYITI/ ANDREW KUNAMBURAUS ambassador to Zimbabwe, Brian A Nichols told NewsDay Weekender in Bulawayo on Wednesday ahead of the Zanu PF national conference in Esigodini that Mnangagwa stood to gain more international respect if he initiated dialogue on reforms with the youthful opposition leader. “I hope that…

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Mnangagwa top aide demands R5m bribe

PRESIDENT Emmerson Mnangagwa has revealed that one of his top aides demanded R5 million from a prospective South African investor, reflecting the challenge he faces to rid his administration of graft that had become endemic under his predecessor, Robert Mugabe.Mnangagwa made the stunning disclosure while addressing central committee members on Wednesday. BY EVERSON MUSHAVA He said his “Zimbabwe is open for business” mantra has been appealing to foreign investors because it sends a message that things have changed, but corrupt activities have spiked, with some party and government officials charging…

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Colonnade Reinsurance rebrands after $5m takeover

COLONNADE Reinsurance Company Limited officially rebranded to Waica Re Zimbabwe after West African reinsurance firm, Waica Reinsurance Corp Plc, completed a $5,5 million takeover. BY BUSINESS REPORTER The Sierra Leone-based Waica said the expansion into Zimbabwe was part of the group’s strategy to enter the southern African market. “I would like to inform all of you that for me, in four months, they (Waica Reinsurance Corp Plc) they did all that was necessary to get into Colonnade Reinsurance Company Limited and become Waica Re Zimbabwe … they heard of Colonnade,…

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VID raids fuel queues

GOVERNMENT is taking advantage of fuel queues to pounce on vehicle owners who have failed to regularise their licenses, Transport minister Joel Biggie Matiza has said. BY RICHARD CHIDZA Matiza told NewsDay yesterday that government would be deploying officers from the Vehicle Inspectorate Department (VID) to flush out unregistered vehicles. “People were given a deadline and those that complied have no reason to be scared. We are after those that have failed to regularise their licenses as required by the law. Beginning today (yesterday), we will have officers inspecting all…

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