Thursday, April 25

Financial News

March 13, 2020

Mashura Chaiwo Calls SMS & Data Tariffs Hiked By 57 Percent

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has with immediate effect approved a 57 percent upward review for voice, data and SMS tariffs to catch up with the “constantly rising operating costs” affecting the telecoms sector. Potraz said the current prices have become sub economic due to the continual deterioration of the country’s economy, hence the increase intends to maintain sustainable operations within the company’s telecommunications’ business. “Tariff thresholds for telecommunication services were last adjusted in October last year using the August 2019 Telecommunication Price Index (TPI) figures. “The current tariff thresholds have been rendered unsustainable as the operating environment continues t

March 11, 2020

Divorce Lawsuit Reveals General Chiwengas Hidden Wealth

Vice-president Constantino Chiwenga is demanding a refund of US$245 428 paid into his estranged wife, Marry Mubaiwa’s bank account as proceeds from his hunting concessions as the fight for properties exposes the lifestyles of Zimbabwe’s rich political masters. Chiwenga’s lawsuit shows the extent of the couple’s property holdings previously kept under wraps. The two are fighting for several properties and even small items acquired during their nine-year marriage, which has irretrievably broken down after Chiwenga accused Mubaiwa of trying to kill him while he was hospitalised in South Africa last year. The two are also fighting over Orchid Farm in Domboshava. Chiwenga says the property must be shared equally between the parties, with the former army commander

March 09, 2020

Seh Calaz & His Award Wining Manager Preston Maporisa Have Part Ways Over Money Issues

SEH CALAZ and his award-winning manager Preston Maporisa have reportedly parted ways, this publication can reveal. On Wednesday, Maporisa tendered a resignation letter. “Please note that I am here to tender my resignation as Seh Calaz manager ndipewo vamwe mukana vanokwanisa kufambisa basa. “No hard feelings and ndagara ndiriMubhandit and will remain Mubhanditi. “I am now venturing into other business outside music so that I make sure my family gets food on the table. “I would like to thank Calaz for the support he gave me during my tenure,” he said. Seh Calaz’s publicist King George Damson confirmed the developments. “We have always been working with Mr Maporisa even before he came to assist our office with managerial duties. &ld

February 24, 2020

Mudiwa Hood To Financially Assist Headmaster Caught Stealing Maize

Gospel musician Mudiwa Hood is using  his resources to assist the humiliated Mutoko headmaster who was caught stealing maize cobs yesterday. In a post he made, he said “This is my hero, he did not kill, rape or beat his wife, he just took 8 maize cobs to feed his family. I do not condone the act but I celebrate the level of discipline, I will help him” read the message. He added that the man’s intention to feed his family broke his heart. Mudiwa urged Zimbabweans to assist in locating the headmaster so that he and all those who would want to, can assist him. Mudiwa Posted This is my HERO, He did not kill, he did not rape, or beat his wife...NOOOO...he jus took 8 maize cobs to feed his family😭😭😭😭...i do not condone the act but i

February 01, 2020

Over 45 Companies Fail To Open Doors In Zimbabwe Tough Economic Environment

MORE than 20 companies failed to reopen after the festive season, leaving at least 500 workers in the lurch, businessdigest has learnt. This comes at a time the economy is facing serious headwinds which include prolonged power cuts of up to 18 hours, depressed production at less than 40% capacity, fuel and foreign currency shortages and year-on-year inflation which has galloped past the 500% mark. Zimbabwe Federation of Trade Unions (ZFTU) secretary-general Kenias Shamuyarira told businessdigest this week that 45 companies have failed to reopen their doors after the Christmas holidays as the deepening economic crisis takes its toll. “We have quite a number of companies who have failed to reopen after the festive season. There are about 45 companies which have faile

January 28, 2020

PHD Ministries House Project Taneta Kutorerwa Mari Nembers Complain

Prophetic Healing and Deliverance Ministries (PHD) beneficiaries of a housing project are fuming over founder Walter Magaya’s assertion that there is movement in the construction of their houses while on the ground nothing appears to be happening despite years of contributions. For one to qualify as a beneficiary of the housing scheme, they have to be a life partner first. Once someone is a life partner, they would be allowed access to the multi-million-dollar project. Life-partner members are required to pay a monthly subscription fee of US$20, failure of which the money would accrue and be considered as owed to the church. If one fails to keep in touch with set subscriptions, the arrears are considered as debt to the church. The housing project was launched in Au

January 20, 2020

Philip Chiyangwa At Center Of COSAFA Finance Fraud Story

Philip Chiyangwa in Cosafa storm. The details are contained in an audit report done by Baxters and Co, which was circulated to member associations ahead of the Cosafa annual general assembly (AGM) meeting set for Saturday at the Southern Sun OR Tambo Hotel in Johannesburg, South Africa. COSAFA president Philip Chiyangwa is in the eye of a storm after it emerged that he and his executive members at the regional football governing body allegedly pocketed over R1,5 million in allowances last year, at a time the association had posted an R2,5 million loss. The audit shows that the executive members got R1 429 400 in allowances last year, a massive increment from the R857 064 they received in the previous year. It is Chiyangwa, the report shows, who received a huge chunk of the money. The

January 16, 2020

Mary Chiwenga Ndoda US$40 000 Per Month For Maintenance

Marry Mubaiwa, estranged wife of Vice President Constantino Chiwenga, has demanded US$40 000 for her upkeep, as well as annual international and regional holidays with spending money. The couple is embroiled in an acrimonious divorce following Mubaiwa’s alleged attempt on the life of the Acting President, while he was hospitalised in South Africa. Mubaiwa was recently granted bail after spending weeks in remand prison on charges of fraud, externalisation of foreign currency and money laundering.In her claim in reconvention to Chiwenga’s application for divorce filed last month, Mubaiwa is demanding US$40 000 for her upkeep and US$7 500 per month for her three children pegged at the interbank rate. “Defendant claims in reconvention maintenance for the three minor child

December 19, 2019

Kenny Mubaiwa Baba va Mary Chiwenga Vasungwawo

Kenny Mubaiwa Mary Chiwenga’s father arrested? Decorated political analyst Pedzisai Ruhanya revealed that he has information from impeccable sources to the effect that the entrepreneur and soccer administrator has been nabbed by law enforcement for importing vehicles into the country without paying customs and excise duty to the Revenue Authority ZIMRA(Zimbabwe Revenue Authority). Unconfirmed reports reaching iHarare indicate that Zimbabwe’s embattled “ex Second Lady”‘s father Kenny Mubaiwa has been arrested. Posting on his Twitter Handle, Ruhanya revealed:“As I predicted, potentially reliable rumour says Mary Chiwenga’s father Ken Mubaiwa, was arrested last night for importing cars without paying duty to Zimra among a plethora of allegations. K

December 07, 2019

Zanu PF Says Blue Roof Not Part of Late Mugabe's Assets Tirikuitora

The ruling Zanu PF party has contested the registration at the Master of the High Court of three properties, including the upmarket Blue Roof in Harare’s posh Borrowdale suburb, as part of the estate of the late former President Robert Mugabe. According to the state-controlled Herald newspaper, the party’s company, M and S Syndicate (Pvt) Limited, says the Blue Roof, a Mt. Pleasant house occupied by Mugabe’s daughter and another property in Waterfalls are registered under Zanu PF.A lawyer representing the company, Simplisius Chihambakwe, told the newspaper that the three properties should not be part of the estate of the late president, who died of cancer in September in Singapore. Responding to the party’s move, Terrance Hussein, who is representing the famil

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