Zimbabwe Earns $173 Million Selling Tobacco in Season So Far, Newsday Says

Zimbabwe Earns $173 Million Selling Tobacco in Season So Far, Newsday Says http://www.bloomberg.com/ By Brian Latham – May 9, 2011 7:19 PM GMT+1000 Tobacco farmers in Zimbabwe have earned $173 million from the sale of 61.6 million kilograms (136 million pounds) of the leaf so far this marketing season, Newsday reported, citing the Tobacco Industry and Marketing …

Over US$1m RBZ assets to go under the hammer

Over US$1m RBZ assets to go under the hammer http://www.dailynews.co.zw/ By Pindai DubeMonday, 09 May 2011 17:17 HARARE – Reserve Bank of Zimbabwe (RBZ)’s property worth over US$1 million will be auctioned in Bulawayo by Ruby Auctions on Wednesday in a bid to recover an outstanding debt owed to Seedco International Company. The debt with Seedco, a …

Indigenisation not about expropriation

Indigenisation not about expropriation http://www.dailynews.co.zw/ By EditorSunday, 08 May 2011 15:15 HARARE – Zimbabwean Prime Minister Morgan Tsvangirai yesterday voiced support for his country’s controversial indigenisation policy, which stipulates that locals should own at least 51 percent of the shares in foreign companies. “Indigenisation is not about expropriation or nationalisation … it’s about setting fair value,” he said at …

New spark in constitution-making process

New spark in constitution-making process http://www.timeslive.co.za May 7, 2011 1:07 PM | By HARARE CORRESPONDENT The on-and-off constitution-making process in Zimbabwe has resumed after nearly two months of dormancy. The programme was reignited this week but there are doubts the constitution will be in place before the end of the year. The Constitutional Parliamentary Committee (Copac), the …

American Tourist Recovering From Lion Attack In Zim

American Tourist Recovering From Lion Attack In Zim http://www.radiovop.com 08/05/2011 14:17:00 San Diego, May 08, 2011- A dream vacation turned into a nightmare for an East County woman who was attacked by a lion while on a safari with her husband in Zimbabwe. Colleen Garbaczewski and her husband, who live in the quiet Singing Hills neighborhood near Rancho …

Free ZESA bulbs could be deadly

Free Zesa bulbs could be deadly http://www.thestandard.co.zw/ Sunday, 08 May 2011 12:10 BY NQABA MATSHAZI ENERGY saving bulbs, which power utility Zesa wants to distribute, could cause cancer, a study revealed.Zesa claims that it wants to distribute six million bulbs in the next three months, but studies have revealed that the bulbs contain mercury, which could cause breast …

Chinese contractor ‘ill-treating workers’

Chinese contractor ‘ill-treating workers’ http://www.thestandard.co.zw/ Sunday, 08 May 2011 17:49 BY JENNIFER DUBE WORKERS at a local construction company in Harare are up in arms against their Chinese employer whom they accuse of ill-treating them.Shanxi Corporation workers are accusing their employer of charging them exorbitant rentals for sub-standard company accommodation. “There are between 40 and 50 resident …

What a shameless lie

What a shameless lie http://www.thezimbabwean.co.uk/ Written by The EditorFriday, 06 May 2011 16:46 After a decade in which political violence has become a byword for elections in Zimbabwe, Police Commissioner General Augustine Chihuri  and his officers were only last week able to identify the chief culprits behind the mayhem that passes for elections in this country. But what …

Tsvangirai Opts For Indigenisation

Tsvangirai Opts For Indigenisation http://www.radiovop.com/ 07/05/2011 17:39:00 JOHANNESBURG, May 07, 2011- Zimbabwe MDC leader says at World Economic Forum he supports indigenisation policy that stipulates locals own 51% of the shares in foreign companies ZIMBABWEAN Prime Minister Morgan Tsvangirai yesterday voiced support for his country’s controversial indigenisation policy, which stipulates that locals should own at least 51% of the …

Depositors’ safety net a trifle US$1m

Depositors’ safety net a trifle US$1m http://www.theindependent.co.zw/ Friday, 06 May 2011 17:28 Brian Chitemba DEPOSITS insurance in the country is weak and account holders do not have a strong safety net to cushion them in the event of banks collapsing.The Deposits Protection Board (DPB) –– created under the Banking Act Chapter 24:20 to administer the Deposit Protection …