BUSINESS NEWS

Chaos in Beitbridge after system collapse

SCORES of travellers between South Africa and Zimbabwe were stranded at Beitbridge yesterday when a systems failure hit the South African immigration office affecting biometric processing of arrivals ...

By Staff reporter | Published: 09 June 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Zimbabwe companies to collapse in 30 days

MANY manufacturers could be forced to halt operations if government fails to arrest the crippling currency crisis within the next 10 days as most companies are left with less than a month's stock of r...

By Staff reporter | Published: 11 January 2019

MINING & RETAIL

Miners feared dead in mine shaft collapse

Some artisanal miners are feared dead after a mine shaft they were working in in Shurugwi collapsed at the weekend. The incident occurred on Saturday afternoon at Wonderer Mine, one of the oldest mine...

By staff reporter | Published: 01 January 2019

POLITICS

Mnangagwa, Chamisa talks collapse

Frantic efforts to get President Emmerson Mnangagwa and MDC Alliance leader Nelson Chamisa, to iron out their differences through face-to-face discussions have collapsed with the 75-year old Zanu-PF l...

By Staff reporter | Published: 22 July 2018

Zim's coffee sector collapses

GOVERNMENT is working on a plan to rebuild the coffee sector after output plummeted from almost 15 000 metric tonnes (mt) in 1989 to less than 200 mt in the past few years.According to a paper titled ...

By Staff reporter | Published: 05 July 2018

POLITICS

Dabengwa regrets collapse of coalition talks

ZAPU leader Dumiso Dabengwa has said he regrets the failure by opposition to form a grand coalition to block what he fears will herald political militarisation should the ruling Zanu-PF win the July 3...

By Staff reporter | Published: 05 July 2018

POLITICS

Chatunga's butchery business collapses

Former president Robert Mugabe's son, Chatunga Bellarmine, is set to lose property after failing to pay rentals for his butchery in Chitungwiza.A writ of execution has since been issued for the attach...

By Staff reporter | Published: 29 June 2018

POLITICS

Khupe's Matebeleland coalition pact collapses

TALKS among five opposition political parties based in Matabeleland region to form a regional pact ahead of this year's general elections have reportedly collapsed as the leaders could not agree on a ...

By Staff reporter | Published: 11 May 2018

POLITICS

Grace Mugabe's plan to sink Mnangagwa collapses

THE apparent plan by former leader Robert Mugabe and his wife Grace to sink President Emmerson Mnangagwa's election bid in this year's keenly-anticipated national polls is effectively dead in the wate...

By Staff reporter | Published: 09 May 2018

MINING & RETAIL

ZimAlloys $100m investment deal collapses

GWERU-based giant ferrochrome producer, Zimbabwe Alloys, judicial managers - Grant Thornton International - has terminated a $100 million investment deal which the chrome smelting company entered with...

By Staff reporter | Published: 06 May 2018

BUSINESS NEWS

$100m Pomona deal collapses

Harare City Council's $100 million deal for the construction of a waste management plant at Pomona Dumpsite has collapsed after the tender expired. The then State Procurement Board was supposed to adj...

By Staff reporter | Published: 26 April 2018

BUSINESS NEWS

BCC loses $1 million in collapsed banks

THE Bulawayo City Council (BCC) has reportedly lost more than $1 million invested in financial institutions that have collapsed due to mismanagement and economic problems affecting the country.Accordi...

By Staff reporter | Published: 05 April 2018

POLITICS

MDC Alliance faces collapse?

The MDC Alliance is becoming increasingly wobbly, as coalition partners are threatening to pull out, accusing their chairperson Mr Nelson Chamisa of being big-headed and imposing MDC-T candidates in 1...

By Staff reporter | Published: 28 March 2018

TRANSPORT & TOURISM

Air Zimbabwe nears collapse

So bad has the financial and operational rot ravaging Air Zimbabwe become, that the flag carrier can now barely manage to ferry its domestic and international passengers - who are increasingly endurin...

By Staff reporter | Published: 27 March 2018

BUSINESS NEWS

Chaos feared in Beitbridge as Zimra system collapses

THE Zimbabwe Revenue Authority's (Zimra) Asycuda Plus online system has once again collapsed, raising fears of chaos during Easter when thousands of holidaymakers throng Beitbridge Border Post on thei...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

ZimAlloys, Balasore deal collapses

The proposed acquisition of ZimAlloys' 70 percent shareholding by Balasore Alloys of India is hanging in the balance amid revelations that the Bombay Stock Exchange listed company has failed to meet t...

By Staff reporter | Published: 16 March 2018

BUSINESS NEWS

Gwanda solar project collapses

THE US$200 million Gwanda solar project has all but collapsed as controversial businessman Wicknell Chivayo has expressed fears that the fraud and corruption charges levelled against him by the Zimbab...

By Staff reporter | Published: 16 March 2018

FINANCIAL SERVICES

Depositors with collapsed banks compensated

A total of 11,744 out of 54,909 depositors of six collapsed banks have each been compensated up to $500 from the Deposit Protection Fund.Official data seen by the ZBC News today indicate the depositor...

By Staff reporter | Published: 14 February 2018

MINING & RETAIL

ZimAlloys $100m deal collapses?

There are fears that the Zimbabwe Alloys $100 million deal with Indian Investors Balasore Group could collapse amid indications that one of the Indian investors Pramod Mittal is embroiled in tax scan...

By Staff reporter | Published: 12 February 2018

POLITICS

MDC-T could be on the verge of collapse

THE Morgan Tsvangirai-led opposition MDC-T could be on the verge of collapse unless appropriate measures are taken to rescue it, with the party leadership closing ranks and working together.At a time ...

By Staff reporter | Published: 06 February 2018

POLITICS

ZRP Masvingo projects collapse

THE Zimbabwe Republic Police (ZRP) in Masvingo has reportedly ordered its officers to stop making monthly financial contributions towards various projects initiated during the era of retired Commissio...

By Staff reporter | Published: 06 February 2018

POLITICS

Grace Mugabe's massive projects collapse

Grace Mugabe, wife of former President Robert Mugabe, had hoped to build a massive empire in the Mazowe area, but that utopian dream has been shattered by the strong winds of change that swept across ...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Mangudya washes hands on economic collapse

RESERVE Bank of Zimbabwe governor, John Mangudya yesterday seemed to lay the blame for the impending economic collapse on the government, saying he had done everything he had promised to do."We have d...

By Staff reporter | Published: 25 September 2017
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