INDUSTRIALS & ENERGY

Zesa insolvent

THE Zimbabwe Electricity Supply Authority (Zesa) is insolvent with its liabilities outstripping its assets by over US$92 million, a report by the Auditor General Mrs Mildred Chiri reveals. The report ...

By Staff reporter | Published: 01 July 2019
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BUSINESS NEWS

Timba declared insolvent

FORMER ReNaissance Financial Holdings group chief executive officer, Patterson Timba, has been declared insolvent by the High Court after failing to settle a $1 815 117 debt with First Mutual Holdings...

By Staff reporter | Published: 26 June 2018
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BUSINESS NEWS

Zesa insolvent, expects increased loss

State power utility, Zesa Holdings says it is technically insolvent and could have run up accumulated losses of nearly $500 million by December 2017. Zesa has been making huge losses since 2012 and ha...

By Staff reporter | Published: 23 January 2018
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TELECOMS & TECHNOLOGY

Telecel, is technically insolvent

Zimbabwe's third largest telecommunications company, Telecel, is "technically insolvent" and needs about $300 million to stay afloat, businessdaily has learnt.This is at least according to information...

By Staff reporter | Published: 16 February 2015
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INDUSTRIALS & ENERGY

Star Africa technically insolvent

CASH-SRAPPED Star Africa Corporation is technically insolvent as its liabilities far outstrip assets.Star Africa will thus sell its investment in Botswana-based associate Tongaat Hulett and Blue Star ...

By Business Reporter | Published: 01 July 2013
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