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Scandal rocks UCAZ

THE secretary general (SG) of the Urban Councils Association of Zimbabwe (UCAZ), Francis Duri, has been suspended after an audit into the operations of the organisation exposed financial mismanagement and rampant corrupt practices.According to the audit report, the Zimbabwe Revenue Authority could have lost close to US$200 000…

A tale of two countries

JOHANNESBURG — As the plane taxied to a halt at OR Tambo International Airport in Johannesburg, I coiled back into my seat, stupefied by the airport’s grandeur, which pales the Harare International Airport into more of a reliever airport.This was my second time in eight years to land…

Kanyekanye exit exposes wrangles

JOSEPH Kanyekanye’s resignation as chairman of the boards of Capital Bank and Rainbow Tourism Group (RTG) could be a microcosm of intense board wrangles rattling both institutions in which the National Social Security Authority (NSSA) is a controlling shareholder.Kanyekanye threw in the towel as chairman on Tuesday after …

Parly faces lawsuits

  PARLIAMENT faces possible litigation from former lawmakers who were not paid their allowances by the time the legislative assembly was dissolved on June 29. The Members of Parliament are owed varying amounts in unpaid allowances for sittings during the Seventh Parliament of Zimbabwe with the development being…

Madiro pours his heart out

MUTARE — Suspended ZANU-PF Manicaland provincial chairperson, Mike Madiro, poured his heart out this week about perceived persecution at the hands of some elements within the party.Madiro, who has had a tumultuous association with ZANU-PF since 2004, described as hypocrites some of the party cadres whom he accused…

Govt squeezes smaller banks

THE decision by Treasury to coerce Old Mutual and the National Social Security Authority (NSSA) to fund the March constitutional referendum had the effect of straining smaller banks after the financial behemoths mopped up their funds held in the financial system to comply with government’s request.Finance Minister Tendai…

Company closures escalate in Manicaland

MUTARE — Manicaland is now a tale of two narratives occurring at the same time.On one hand, the mountainous region has a thriving diamond mining sector that has become the source of hope for the entire nation.The rest of the region’s industries, on the other hand, are haemorrhaging,…

Chinese miners rebuked

CHINESE miners have come under spotlight for being a law unto themselves by entering into illegal mining deals that also flout the country’s indigenisation laws.A report presented to the House of Assembly by ZANU-PF Guruve South lawmaker, Edward Chindori-Chininga days before his death last week accused the Chinese…