Tag: Harare

Tadiwa Musiyiwa HARARE – Property firm, First Mutual Properties’ net property income grew by 62% driven by a 49% increase in revenue growth and...

HARARE - The Zimbabwe Stock Exchange has introduced an odd lot board on its ZSE Direct trading platform, which will enable retail investors to...

HARARE – The country’s poverty datum line rose 5.5% to $4 670.04 in December from $4 425.64 the previous month. This means that a...

Tawanda Marwizi The death, Monday morning, of socialite and TV personality Zororo Makamba has seen Zimbabwe recording its first COVID-19 death. Zororo (30), who was businessman...

Almot Maqolo HARARE - CFI Holdings' sales volumes in the first quarter ended December 31, 2019 declined by 17% from the comparative period owing to...

Munyaradzi Doma After being released from Remand Prison on Tuesday, flamboyant businessman Genius "Ginimbi" Kadungure was back in court again on Thursday after being arrested on a new case of submitting fake invoices for the importation of his Royce Rolls Ghost which prejudiced  ZIMRA of US$90 000 in unpaid duty. This time around, the State led prosecutor George Manokore did not oppose bail. Harare Regional Magistrate Hosea Mujaya ordered Ginimbi to pay ZW$5 000 bail coupled with other conditions and he will be back in court on March 19. Jonathan Samukange who is representing Ginimbi, said the socialite is "denying the false allegations" and will challenge the same at trial. Allegations are that sometime in October 2017, Ginimbi went to Daytona in Johannesburg, South Africa, where he bought a Rolls Royce Ghost for 5 million rand. In a bid to con ZIMRA, he allegedly forged the invoice to show as if he had bought the car for 3 million Rand. It was heard that he went further to cook up a South African bill of entry as if the car had been cleared by the South African Revenue Services. The court further heard that in July 2018, with the fake documents, Ginimbi went to Beitbridge Border Post and presented them to ZIMRA officials who were on duty. He ended up being charged US$138 170 for duty, instead of US$228 430, thereby duping ZIMRA US$90 260. The court heard that investigations showed that Daytona had sold the car for 5 million rand as opposed to 3 million rand. Reports are that SARS also realised that the bill of entry used by Ginimbi was fake as it had been used to clear another vehicle.

Farai Mabeza The Zimbabwe Republic Police in Harare has issued a directive barring police details from possessing cellphones while on duty. According to an internal memo...