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Red flag raised over Barclays Zim suitors

Happiness Zengeni Business Editor THE calibre of directors of First Merchant Bank (FMB) Malawi , which is eyeing a controlling stake in Barclays Bank of Zimbabwe, has raised eyebrows amid revelations that they were implicated in alleged corporate misgovernances and malpractices in lending, some of them as recently as last year. …

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Scramble for chrome claims rages on

Cde Jason Machaya Sharon Chiware, Midlands Reporter MINERS in the Midlands province have requested Government to withdraw all applications made by prospective chrome miners and those that have been allocated to renounce claims to pave way for a fresh re-allocating exercise. Recently, Zimasco surrendered 22 000 hectares of land to …

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Journalists attack Kasukuwere

Minister Kasukuwere Tendai Mugabe, Harare Bureau ZANU-PF political commissar Cde Saviour Kasukuwere has come under fire from media organisations for charging at and threatening Herald journalists with unspecified action for what he termed negative coverage. Cde Kasukuwere, who has been facing allegations of corrupt land dealings, was apparently ticked off …

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Forensic audit exposes rot at NRZ

Mr Larry Mavima Oliver Kazunga, Senior Business Reporter SOME managers at the National Railways of Zimbabwe (NRZ) do not have qualifications for their posts while the parastatal’s wage bill is not in tandem with the size of the workforce, a top company official revealed yesterday, citing findings of the company’s …

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Tsvangirai not anointed coalition leader: Mujuru

Morgan Tsvangirai Lloyd Gumbo, Harare Bureau THERE is no God-given instruction that MDC-T leader Mr Morgan Tsvangirai should be the leader of the yet to materialise coalition of opposition parties, despite that the former Premier is “power drunk” and desperate for the top position, Dr Mujuru’s National People’s Party has …

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