Archive for ‘September, 2009’

Meikles Africa Chairman speaks out on Hotseat

Meikles Africa Chairman speaks out on Hotseat

SW RADIO AFRICA TRANSCRIPT
HOT SEAT: Kingdom Meikles Africa Limited Chairman, John Moxon denies externalising funds and threatens to take legal action against co-Home Affairs Minister Giles Mutsekwa, who accused him of externalising millions of dollars. He also reveals he was forced to flee the country last year after he was warned that CEO Nigel Chanakira [...]

Property counters drop on ZSE

Property counters drop on ZSE

THE re-valuation of assets due to the adoption of the multiple currency regime has seen most property counters on the Zimbabwe Stock Exchange dropping points.
According to a report by Kingdom Financial Holdings, a sectoral analysis of performance of the ZSE for August shows that the heaviest falls were felt in the property sector, which lost [...]

Cafca posts us$145 641 profit within six months

Cafca posts us$145 641 profit within six months

CAFCA Limited has recorded a profit before tax of US$145 641 for the half-year ended June 30, 2009 reversing the losses incurred in the previous year.
Volumes for the period under review were 18 percent below last year but the second quarter was an improvement on the same period last year.
On its general outlook, the group [...]

56 million kgs of tobacco sold

56 million kgs of tobacco sold

 
CONTRACT sales ended last week bringing the total of tobacco sold this year to above 56 million kilogrammes after 94 selling days.
Contractor’s purchases during the final week were slightly above 700 000 kg which saw the seasonal volumes rise to 56,5 million kg at an average price of US$3,00 per kg.
A total of 44,6 million [...]

Jaguar Land Rover makes dramatic comeback

Jaguar Land Rover makes dramatic comeback

JAGUAR Land Rover has made a dramatic comeback into Zimbabwe following the signing of a dealership agreement between the company and their local partner Premier Auto Services.
The partnership agreement was signed between Jaguar Land Rover sub Sahara Africa regional business manager Nigel Clarke and Premier Auto Services chairman Moses Chingwena. Establishment of an after sales [...]

Job Sikhala’s car has been linked to a murder.

HARARE - Job Sikhala’s car has been linked to a murder.
Sikhala’s Toyota Hilux Vigo (AAT 6779) has been fingered as the get away car used in a murder committed in Beatrice.
The car was allegedly used to illegally poach for firewood in the Beatrice area. The seven youths driving the vehicle were said to have turned [...]

CFX BANK Ownership dispute Case Study

It appears there is a misunderstanding on why I have been publishing letters relating to claim for ownership of 309 million Century/CFX Bank shares. In addition some have asked why the matter is being raised 5 years after the 309 Million shares where irregularly sold and transferred.
When the sale was done on or around 12 [...]

Malawi to feed Zimbabwe yet again!

From Chifundo Malidadi in LILONGWE
MALAWI will export several tonnes of maize to Zimbabwe, part of its 80 000 tonne surplus of the grain. Some of that will be exported to Kenya, ravaged by a drought this year. Agriculture ministry officials did not give the breakdown of the expected exports.
The move is likely going [...]

Robert Mugabe: The Proverbial Drunken Uncle

At every African funeral, family fissures are brought to the forefront by an uncle. Family members with an axe to grind provide copious amounts of alcohol to that loud uncle who is then tasked with the duty of raising unsavory issues. In his drunken stupor, the uncle harangues in-laws, interjects, jeers and often makes salacious [...]

Econet agrees US$170 million deal with Ericsson, ZTE

ECONET Wireless Zimbabwe has concluded agreements with ZTE of China and Ericsson of Sweden to supply and install equipment valued at over $170 million for the expansion of its network from the current subscriber capacity of 3 million to just over 5 million. The work to be undertaken by the two companies and their subcontractors [...]

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