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Zimra boss Pasi’s fate expected soon

SUSPENDED Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi is expected to know his fate on several allegations, including corporate governance malpractices, massive corruption, fraud and tax evasion that allegedly prejudiced the revenue collector more than US$20 million soon, businessdigest has learnt. By Taurai Mangudhla The goings-on were unearthed in a …

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AirZim planes grounded

STRUGGLING national flag carrier Air Zimbabwe (AirZim) has lurched into a new crisis after all of its five aircraft were grounded on Tuesday due to technical problems, forcing the airline to hire a plane from neighbouring South Africa in a desperate effort to fulfill some of its flight schedules, it …

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Barclays deal gathers momentum

MALAWI-BASED First Merchant Bank is conducting due diligence on Barclays Bank Zimbabwe to ensure the affairs of the local financial institution are in order before a US$60 million purchase deal can be finalised. By Bernard Mpofu Should the transaction materialise, the British-headquartered Barclays Bank Plc would become a minority shareholder …

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NBS to float housing bonds

CHINHOYI, April 13  (The Source) – The National Building Society (NBS) plans to float a series of bonds in the second half of the year as part of moves to raise $150 million for the construction of 10,000 housing units this year. The mortgage lender, which is wholly owned by …

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Delta Q4 revenue down 15pct

HARARE, April 13 (The Source) – Beverage giant Delta Corporation on Thursday reported a 15 percent drop in revenue for the fourth quarter to March 31 compared to the previous quarter as demand continues to fall. The company said it will release its full-year financial results on May 11, but …

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