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Jaggers goes into administration

JAGGERS Wholesalers, a company owned by businessman Cecil Muderede, has been put under liquidation after Apex Holdings’ subsidiary – Marondera Foundry Manufacturers’ – applied to the High Court to have the company wound down.
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Zimbabwe debt will increase to US$9 billion

Zimbabwe external debt, which phenomenally surged to US$7,1 billion in 2009, will shoot by eight percent to US$7,6 billion while the local debt will increase to US$1 billion by the end of 2010, International Monetary Fund (IMF) showed last week....
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Investec buys up to 20% stake in OK Zimbabwe

INVESTEC Asset Management's Africa Frontier Private Equity Fund is finalising a private equity investment for a 10%-20% stake in OK Zimbabwe, the second-largest supermarket chain by number of stores in that country....
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British Airways to bounce back

British Airways will resume flights to Zimbabwe early next year following a two-year absence in a move expected to improve tourist arrivals into the country....
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Phillip Chiyangwa invading council land

Phillip Chiyangwa stands as one of Zimbabwe’s largest property developers and recently stated that his empire is worth far more than US$15 million. ...
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Ban looms over import of cars into Zimbabwe

Importing vehicles from Asian countries, such as Japan and Singapore, into Zimbabwe for resale is set to be nipped in the bud,...
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Massive power cuts loom

Large swathes of the country will receive erratic electricity supply for the next two weeks starting today as load-shedding escalates...
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New twist to IMF funds saga

THE Reserve Bank is empowered by law to manage and disburse the US$510 million extended to Zimbabwe by the International Monetary Fund, it has emerged....
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Zimbabwe women held for smuggling cigarettes

Two Zimbabwean women have been arrested for smuggling counterfeit cigarettes valued at R40 000 in Musina, Limpopo police said on Sunday....
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Zanu PF youth force Nestle to buy blood milk

A marauding group of Zanu PF youths on Friday tried to force Nestle-Zimbabwe to buy milk from the Gushungo Dairy Estate...
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Cheeky robbers blow up OK Supermarket

Part of OK Supermarket in Chinhoyi was damaged last week by explosives suspected to have been set by thieves who wanted to open the safe....
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