BUSINESS NEWS

Peter Moyo wants Trevor Manuel and other Old Mutual directors jailed

Axed Old Mutual CEO Peter Moyo says there is no punishment befitting Old Mutual directors other than six months' jail time, without the option of a fine, on the contempt of court charges he lodged aga...

By Staff reporter | Published: 18 October 2019

OPINION

Directors must up their game

Good corporate governance practices require company directors to think outside the box and act as responsible corporate citizens in order to retain the trust and confidence of both shareholders and ke...

By Allen Choruma | Published: 05 May 2019

POLITICS

New board of directors for mining parastatals

Government says it will soon announce a new board of directors for mining parastatals and has committed itself to ensure that Zimbabwe Mining Development Corporation (ZMDC) assets are utilised for the...

By Staff reporter | Published: 19 May 2018

BUSINESS NEWS

Govt tightens screws on directors

Government is working on amendments to the Companies Act with a view to tightening legal provisions and placing increased fiduciary duty of responsibility and accountability on company directors by em...

By Staff reporter | Published: 09 April 2018

BUSINESS NEWS

NSSA directors face axe

At least four National Social Security Authority (NSSA) directors, including CEO Elizabeth Chitiga, will be relieved of their duties after the Easter holidays, it has emergedThe impending sacking of t...

By Staff reporter | Published: 01 April 2018

FINANCIAL SERVICES

Royal Bank directors to face claim

THE High Court has cleared the way for a civil claim against the directors of Royal Bank of Zimbabwe for alleged gross negligence and mismanagement, which the liquidator says resulted in the collapse ...

By Staff reporter | Published: 29 March 2018

INDUSTRIALS & ENERGY

Ex-CFI directors threaten legal action

Two former non-executive directors of CFI Holdings have said they reserve the right to sue for defamatory allegations, following their exit from the group on Tuesday. Ephraim Chawoneka and Douglas Mam...

By Staff reporter | Published: 08 December 2017

POLITICS

Fraud accused Zinara directors walk free

SENIOR Zimbabwe National Roads Administration (Zinara) executives arrested in June for alleged fraud and criminal abuse of office could walk free after Transport Minister Jorum Gumbo pressured the par...

By Staff reporter | Published: 31 August 2017

FINANCIAL SERVICES

Insurance directors under scrutiny

The Insurance and Pension Commission is working on new amendments which if approved would result in significant changes in some insurance company boards and management.While the proposed amendments we...

By Staff reporter | Published: 14 August 2017

TRADE & INDUSTRY

PSMAS directors paid $602 000 last year

PREMIER Medical Aid Society (PSMAS) paid its directors a combined $602 000 last year, making its board better remunerated than listed heavyweights such as Delta Corporation, OK Zimbabwe and Innscor Af...

By Staff reporter | Published: 20 July 2017

FINANCIAL SERVICES

Royal Bank directors face prosecution?

Royal Bank Zimbabwe Limited (Royal)'s directors could face prosecution after the defunct institution's creditors on Wednesday approved a plan to institute legal proceedings against the ex-board for ab...

By Staff reporter | Published: 07 June 2015

TELECOMS & TECHNOLOGY

Telecel parent company appoints new directors

Telecel Zimbabwe's parent company VimpelCom Ltd has appointed two new directors on its board, Hamid Akhavan and Andrei Gusev.The duo replaces Sergei Tesliuk and Andrei Baranov, respectively.The compan...

By Staff reporter | Published: 29 April 2014

FINANCIAL SERVICES

Honeymoon over for bank directors, shareholders

Bank directors and shareholders who abuse depositors' funds risk prosecution and going to jail in terms of amendments proposed in the Banking Act, the Reserve Bank has said. Presenting the 2014 Moneta...

By Staff reporter | Published: 31 January 2014

INDUSTRIALS & ENERGY

Aico Africa recalls subsidiary directors

THE unbundling of Zimbabwe Stock Exchange listed Aico Africa has begun with the group withdrawing directors it had seconded to the boards of its subsidiary companies. Aico group has a 100 percent sta...

By Business Reporter | Published: 26 November 2013

BUSINESS NEWS

Corporate governance code limits multiple directorships

The proposed corporate governance code for Zimbabwe, work on which was recently completed, is expected to limit the number of boards an individual can serve on, DHM Legal Practitioners senior partner ...

By Staff reporter | Published: 30 September 2013

ZIMBABWE

ZSE listing rules limits Directorship posts

NEW listing rules being crafted by the Zimbabwe Stock Exchange will limit the number of boards on which an individual can sit on, an industry official has said.Securities Commission of Zimbabwe chief ...

By Business reporter | Published: 03 September 2013

OPINION

Taxation of Directors fees

DID you know that in terms of the 13thSchedule and 33rdSchedule of the Income Tax Act, director's fees are taxable as employment income or business income depending on the relationship between the pa...

By Zimra | Published: 04 July 2013

BUSINESS NEWS

Banking amendments to affect most directors

GOVERNMENT is set to bar directors of banking institutions and holding companies from taking up similar positions in more than two other companies, according to proposed amendments to the Banking Act...

By Staff reporter | Published: 10 June 2013
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