BUSINESS NEWS

Debt-ridden CSC downscales

COLD Storage Company (Ltd), a beef producer with refrigerated warehousing, has downscaled its operations and put its employees on a "short time" work schedule under which they will now be paid based o...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Air Zimbabwe in trouble over internet services debt

NATIONAL airline, Air Zimbabwe (Pvt) Ltd has been taken to court by local internet service provider, Powertel Communications (Pvt) Ltd, over a $18 441 debt for services rendered.On August 17 this year...

By Staff reporter | Published: 10 September 2018

BUSINESS NEWS

Bank sues Paul Madzore over $22 000 debt

FORMER MDC-T Glen View South legislator Mr Paul Madzore has been taken to the High Court over an outstanding bank loan amounting to $22 000. The politician benefited from an overdraft facility with CB...

By Staff reporter | Published: 10 September 2018

MINING & RETAIL

Debts push Metallon Corporation to the brink

PROPERTY belonging to Zimbabwe's largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US$30 million owed to various creditors and workers, as the mi...

By Staff reporter | Published: 07 September 2018

CRICKET

Zimbabwe Cricket sued over $2,5m debt

Local vehicle sales and maintenance firm, Croco Motors (Private) Ltd, has petitioned the High Court seeking an order to compel the Zimbabwe Cricket Union (ZCU) to repay a $2 560 000 debt which the cri...

By icketStaff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Turnall restructures its short-term debt

ASBESTOS fibre cement products manufacturer Turnall Holdings will be debt free by the end of the 2019 financial year after it managed to offload its $7,2 million loan to the Zimbabwe Asset Management ...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Business couple jailed over bank debt

HARARE businessperson Jameson Rushwaya and his wife Annie were yesterday slapped with an order for civil imprisonment after failing to settle a $174 000 loan with the now-defunct Tetrad Investment Ban...

By Staff reporter | Published: 26 July 2018

Business couple jailed over bank debt

HARARE businessperson Jameson Rushwaya and his wife Annie were yesterday slapped with an order for civil imprisonment after failing to settle a $174 000 loan with the now-defunct Tetrad Investment Ban...

By Staff reporter | Published: 26 July 2018

BUSINESS NEWS

Parastatals debt balloons

PARASTATALS owe the Zimbabwe Revenue Authority (Zimra) over $491 million in unpaid taxes amid warnings that the struggling state-owned enterprises are crowding out funding for social services such as ...

By Staff reporter | Published: 22 July 2018

TRANSPORT & TOURISM

Fly Africa set to lose property over debt

Fly Africa is set to lose property over a $17 295 debt owed to a former employee who recently obtained a writ of execution against the airline, following a court order issued by High Court judge Justi...

By Staff reporter | Published: 14 July 2018

POLITICS

Ignore ZINWA debts, says Chiwenga

Villagers from Silalatshani under Chief Sibasa in Insiza are free to continue farming without worrying about Zimbabwe National Water Authority debts which were carried over from the bearer's cheque er...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

ZAMCO to dispose debt assumption-linked equity

THE Zimbabwe Asset Management Company (ZAMCO) - a Reserve Bank of Zimbabwe debt assumption vehicle - has said it will not hold equity for long periods in companies it assumed shareholding through deb...

By Staff reporter | Published: 05 July 2018

POLITICS

Councillors call for 50% debt write-off

BULAWAYO councillors are calling for a 50% debt write-off for ratepayers or two months exemption from paying bills to cushion them against the harsh economic conditions.According to the latest full co...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

Zamco absorbs $32m Starafrica debt

THE Zimbabwe Asset Management Company (Zamco) has taken over Starafricacorporation Limited's $32 million debt owed to different companies.In 2016, at an extraordinary general meeting, Starafricacorpo...

By Staff reporter | Published: 05 July 2018

POLITICS

Mnangagwa's ally faces jail term over debt

Deputy Finance minister Terrence Mukupe is today set to appear before High Court judge Justice Edith Mushore, where he faces civil imprisonment over a $32 593 Trust Bank debt.Trust Holdings' banking s...

By Staff reporter | Published: 04 July 2018

POLITICS

'We'll pay national debt in 5 years'

Mapfumo Peter Gava, president of the United Democratic Front (UDF) says his vision is to create a new Zimbabwe premised on accountability, fiscal discipline and respect for the Constitution. Mr Gava, ...

By Staff reporter | Published: 28 June 2018

POLITICS

Chamisa's MDC-T sued over $10 000 debt

MDC-T led by Mr Nelson Chamisa is being sued for $23 000 by a company that lost a vehicle over a $10 000 debt owed by the party. The political party borrowed $10 000 from Mr Roy Makumbe but failed to ...

By Staff reporter | Published: 26 June 2018

POLITICS

Mukupe sinks in debt

FINANCE deputy minister Terrence Mukupe continues to swim in debt with a local school joining the long list of institutions that have taken him to court over debts.The school, which could not be named...

By Staff reporter | Published: 23 June 2018

BUSINESS NEWS

'Domestic debt to haunt Zimbabwe'

ZIMBABWE'S huge domestic debt, which runs into billions of dollars, is a big challenge in the post-election period, Finance deputy minister Terence Mukupe has warned.Zimbabwe is set to hold general el...

By Staff reporter | Published: 20 June 2018

POLITICS

Mukupe faces jail over debt

FINANCE deputy minister and Zanu PF parliamentary candidate for Harare East, Terrence Mukupe, faces civil imprisonment for failing to service a $32 593 loan received from the now-liquidated Trust Bank...

By Staff reporter | Published: 19 June 2018

BUSINESS NEWS

Delma Lupepe faces jail over debt

PROMINENT Bulawayo business tycoon, Delma Lupepe, is set to be incarcerated over a $280 000 Ecobank debt, after he missed an ultimatum to settle the amount by March 21, 2018. Early this year, the fina...

By Staff reporter | Published: 19 June 2018

BUSINESS NEWS

Zimra's $4bn debt 'uncollectable'

The Zimbabwe Revenue Authority (Zimra), which is owed a massive US$4,3 billion by taxpayers, fears the debt may be difficult to recover due to a number of factors, including operational challenges fac...

By Staff reporter | Published: 18 June 2018

OPINION

Navigating Zimbabwe's debt 'hangover'

It is Tuesday, June 5, 2018 in the morning. Al Jazeera is reporting business news. The Turkish currency, the lira, has fallen against the greenback, once again.The central bank had responded, raising ...

By Tapiwa Nyandoro | Published: 15 June 2018

POLITICS

Chamisa's MDC-T taken to court over $10 000 debt

THE Nelson Chamisa-led MDC-T has been taken to the High Court by Ishline Investment (Pvt) Ltd, after the company's Toyota Hilux vehicle was put on sale by a businessman seeking to recover $10 000 owed...

By Staff reporter | Published: 15 June 2018

MINING & RETAIL

Meikles in trouble over $1.5m debt

THE High Court has ordered the Sheriff to attach and take into execution movable goods worth US$1,5 million belonging to Meikles Limited, together with interest of 5% per annum, after the latter faile...

By Staff reporter | Published: 08 June 2018
Pages:
1
2
3
4
5
6
7

Latest News

Latest Published Reports

Latest jobs