Fazak Accused of Dodging Tax and Banking Laws Through Cash-Only-Transactions
DT Correspondent FAZAK, a prominent retail outlet in Bulawayo, is under growing scrutiny following allegations that its persistent cash-only policy may be facilitating money laundering and tax evasion. The store, known for selling high-end goods, has reportedly refused to accept electronic payments for an extended period, citing persistent issues with its point-of-sale (POS) systems. Customers […]
ZMF Courts Chinese Investors to Revitalise Mining Sector
DT Correspondent in China THE Zimbabwe Miners Federation (ZMF) is courting Chinese investors to revolutionise the country’s mining industry through the transfer of advanced skills and modern geological exploration techniques to the the country’s economic growth. Speaking at the ongoing fourth China-Africa Economic and Trade Expo in Changsha, China, yesterday, ZMF President Henrietta Rushwaya said […]
BullRed Distribution: A Proud Zimbabwean Company Making a Big Impact
By Staff Reporter Zimbabwe has recently seen a rise in counterfeit goods, especially fake liquor products that can be harmful to people’s health. In response, BullRed Distribution is stepping up as a champion of quality and safety. Through its Buy Original campaign, BullRed is working hard to protect consumers by promoting genuine products. For example, […]
Nestlé Invests US$7 Million in Zimbabwean Cereal Production, Bolstering Regional Supply
Staff Reporter Nestlé has injected US$7 million into its Harare cereal manufacturing plant, significantly expanding its production capabilities and solidifying Zimbabwe’s position as a key regional supplier of breakfast cereals across Eastern and Southern Africa. The substantial investment includes the installation of a fourth roller dryer at the facility, which produces Nestlé CEREVITA. This upgrade […]
US$200k Revolving Fund Launched For Cross-Border Traders …As ZPTO call ZIMRA to Conduct Awareness Campaigns
Staff Writer A new US$200,000 Cross-Border Empowerment Fund, designed to provide long-term economic and social support for cross-border traders, was officially launched in the Midlands during a “Cross Border for ED Business Dinner” held at King Solomon’s Hotel. This revolving fund marks a major step in fostering entrepreneurship and innovation at the grassroots level, aligning […]
Seed Co Celebrates 85 Years of Innovation and Pan-African Expansion
Staff Reporter Seed Co, Africa’s leading seed producer, marked its 85th anniversary with a celebration of its legacy in agricultural innovation and regional expansion, showcasing its role in boosting food security across the continent. Founded in 1940, the company has grown from a small Zimbabwean operation into a pan-African leader, supplying over 50,000 metric tons […]
Former Sunday Mail Boss, Edmund Kudzayi on the Run Over US$40k Extortion
DT Correspondent Former Sunday Mail editor Edmand Kudzayi is currently a fugitive after allegedly extorting $US40,000 from West Properties, claiming he would withhold sensitive information about the company from publication. His alleged accomplice, Nominate Chazwe, recently appeared in court before Magistrate Marehwanazvo Gofa, who remanded him in custody until February 13 for a bail application. […]
Agilitee Appoints Sarah Thompson to its Board
Staff Reporter International electric vehicles company, Agilitee Limited, which has a footprint in Zimbabwe, has appointed top American executive Ms Sarah Thompson to its board. This comes as the company is currently restructuring its operations, after relocating its headquarters to the United States. In a statement on Friday, Agilitee chief executive Dr Mandla Lamba said: […]
Businesswoman Successfully Defends Against Loan Shark’s Threats
Court Reporter A HARARE businesswoman has approached the Norton Magistrates Court seeking an interdict to stop a loan shark from communicating with her. She claims the loan shark forced her to pay US$59 650 as interest following threats of being harmed by President Emmerson Mnangagwa’s close security detail. Fungai Golowa, who got a US$13 000 […]
Aussie firm loses AU$5,5m lawsuit against Blanket Mine
Court Reporter THE High Court has dismissed a lawsuit by Australian firm Mining Engineering Consulting Services that was claiming AU$5,5 million from Blanket Mine after the latter terminated its contract and services. The firm had cited Blanket Mine and George Gapu, the arbitrator, respectively, as respondents in the case. Mining Engineering is a private company […]