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Govt loses US$700 000 through fake payments

THE Labour Court has ordered the Civil Service Commission (CSC) to reinstate a senior Finance ministry official who was dismissed for allegedly authorising fake payments to the tune of US$700 000. By Hazel Ndebele Government was in the process prejudiced US$729 345 through fraudulent payments. Former deputy accountant-general for the Aid Accounting …

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Mnangagwa speaks on chief justice succession

AS the acrimonious debate over the appointment of the new chief justice rages on amid fierce clashes sparked by Zanu PF’s factional wars, and with the country on its knees as the economy continues to nosedive, Zimbabwe Independent political reporter Elias Mambo (EM) met Vice-President Emmerson Mnangagwa (ED, pictured) for …

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Equities closes on a high

The local bourse’s mainstream industrial index closed the week on a high note adding 0.34 to close at 137.47 as giant insurer Old Mutual led the risers with a $0, 0258 gain to trade at $3, 5041. Also on the up was ZBFH which advanced by a further $0, 0130 …

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Ferro-chrome export receipts up 440pc in first two months

The value of Zimbabwe’s exports of processed chrome has risen by a significant 440 percent in the first two months of this year to $54 million from $10 million in the prior comparable period, Mines and Mining Development Minister Walter Chidhakwa has said. The improvement is largely due to a …

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