Day: April 7, 2017

High Court rescues defunct mining company

The High Court has come to the aid of defunct diamond mining company DTZdtz-Ozego barring the Sheriff from selling the company’s mining equipment to settle an US$11 million debt owed to creditors. DTZ-Ozego’s mining equipment, machinery and property worth over US$6 million was attached by the Sheriff of the High Court and was supposed to go under the hammer this Friday (today) until a last minute urgent chamber application for an interdict was granted in the company’s favour. The mining company was jointly represented by Tapson Dzvetero and Advocate Garikayi Sithole and they appeared before Justice Edith Mushore. In the urgent chamber application for an interdict seeking to bar the Sheriff of the High Court from auctioning off its property, the company accepts owing Metallion Gold Private Limited and 59 other creditors US$11.260 million. However it argued that the entire amount was inherited by the Zimbabwe Consolidated Diamond Company when the government of Zimbabwe took over the diamond mining operations in 2015 owing to discovery that mining companies were carrying out unlawful activities and siphoning gems from the country. Justice Mushore granted the order sought by the company effectively stopping the sake in execution of DTZ-Ozego’s property pending finalisation of a High Court matter. She additionally stopped the sale of the property pending deliberations between the mining company, the Minister of Mines and Mining Development, ZCDC and ZMDC....

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Tobacco deliveries up, rakes in US$53 mln

Tobacco sales have raked in US$53 million as the selling season gathers pace. The amount was generated from the sale of 29 million kilogrammes of the golden leaf. A 41 percent increase in tobacco deliveries has been recorded in just 16 days since the selling season began. Latest figures from the Tobacco Industry and Marketing Board (TIMB) show that sales are up by 45 percent in value with farmers taking home US$53.7 million. A kilogramme of the golden leaf is selling for an average of US$2.63 marking an improvement from last year’s average of US$2.61. Contract tobacco sales have remained more lucrative for farmers selling for an average price of US$2.68 cents a kilogramme. The contract floors have also attracted more deliveries at 23 million kilogrammes while contract floors have handled a total of six million kilogrammes. In total 422 000 bales were laid with 393 000 of those being...

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Local firms to attend Zambia’s Agritech Expo

Ten local agro-based firms will take part in the Agritech Expo in Zambia next week with a view to unlock business opportunities and forge strategic alliances in the sector. Zimbabwe’s Trade Development and Promotion Organisation (ZIMTRADE) will for the second time lead Zimbabwe’s participation at Agritech Expo to be held in Chisamba, Zambia. ZIMTRADE communications manager Mr Dillon Kamutenga said three of the ten Zimbabwean companies have already set up plots to demonstrate the effectiveness of their fertilisers and herbicides on maize, soya-beans and groundnuts. Zimbabwe’s inaugural participation at the expo in 2016 generated a lot of interest from both the Zambian and international buyers hence the need to be present again with a wider range of products. Agritech Expo is a specialised exhibition for the agricultural sector value chain. The expo is a business-to-business platform for agricultural professionals from small-scale farmers to commercial enterprises. Agritech provides a platform for companies to engage and conduct business with international buyers in the agricultural industry. Local companies will showcase agrochemicals, veterinary products, fertilisers, agricultural equipment and implements, among other...

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Caps brace for Harare City battle

Caps United head coach Lloyd Chitembwe is expecting a good run against Harare City ahead of their showdown with the Sunshine Boys at the National Sports Stadium on Sunday. Makepekepe will be looking to spark their quest to retain the league crown by overcoming Harare City come Sunday. Caps United began their campaign with a nil all stalemate against Shabanie but Chitembwe is hoping his charges will maintain their good home form when they face off with the Sunshine Boys. While the Green Machine and Harare City will be battling it out at the National Sports, Dynamos will be facing off with Triangle at Gibbo Stadium in the lowveld. Dembare gaffer Lloyd Mutasa is hoping for better fortunes after a defeat in their PSL opener against FC Platinum last Sunday. In other encounters slated for Sunday, Highlanders will be looking to build on a bright start when they host Shabanie Mine at Barbourfields Stadium while Hwange will welcome Ngezi Platinum at the Colliery. On Saturday, Bulawayo City host Chicken Inn with FC Platinum facing off with Bantu Rovers at Maglas Stadium. Black Rhinos host Chapungu with How Mine clashing against Tsholotsho FC. There has been concern about Caps United’s finishing in recent games but Chitembwe says there is no crisis. Save for Edmore Sibanda who is doubtful, the Green Machine has a good bill of health. While Makepekepe will...

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Major boost for Black Rhinos Queens

Northern region women’s football club Black Rhinos Queens received a boost from a local communications concerns when they received two playing kits for the upcoming 2017 season which is set to begin next weekend. Black Rhinos Queens have been winning the championship since 2012 but this season could suffer since almost 11 players are undergoing military training after being enlisted into the Zimbabwe National Army. Club chairman Lieutenant Colonel Charles Mashingaidze urged the team to maintain the winning culture as defending champions. “We want to be the centre of sporting excellence and provide 100 percent of the players to the national women’s team, the Mighty Warriors, were we currently provide the bulk of the players or say 90 percent,” he said. Lieutenant Colonel Mashingaidze appealed to football administrators to unite and work for the game rather than continue with the bickering and squabbling which characterised women’s football in the past but to forge ahead. Sponsors Gtel representative Tatenda Muradzi said they found it easy to give back to the community since the army is one of their biggest customers. “We are proud to be associated with Black Rhinos Queen’s because they provide the bulk of players to the Mighty Warriors who did the nation proud at the Rio Olympics and women’s AFCON in Cameroon,” said Muradzi. As sponsors, they promised bigger things should the team retain their title in...

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Children’s homes sports gala held in Bulawayo

It was all smiles at Mustard Seed as over 250 kids from children’s homes took part in the second edition of the Reigate district sports gala. Participants drawn from SOS, Khayelihle, Thuthuka, Mustard Seed, Emthunzini Wesizwe and Trinity Network took part in sports such as athletics, netball, football and indigenous games like ‘tsoro’, ‘nhodo’, tug of war, draft and ‘umatshayana’. Running under the theme, “Sport for Fun-Let the Children Play,” the games are being used to also disseminate valuable information to the children as a way of empowering them. Guest of honour at the event, former Bulawayo Mayor and Senator Joshua Malinga, described the games as being very important for the development of the athletes. Reigate district sports committee chairman Haback Masvaure indicated that it was his organisation’s desire to ensure all children get equal opportunities in sport that will create a healthy nation. The event that is a brainchild of the Ministry of Women Affairs, Gender and Community Development in conjunction with the Ministry of Sport and Recreation also saw Highlanders speed merchant Gabriel Nyoni and former Bosso skipper Dazzy Kapenya giving the children some motivational talks on the need to focus on their life goals despite their...

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Interest in command continues to increase

More inputs suppliers have expressed interest in taking part in the command farming scheme amid indications of the roll out of crop production programmes by government. The agro-inputs supply industry has recorded significant growth since last year as a result of the command farming scheme, leading to more market players expressing their interest. Speaking at a field day at Agriculture Research Trust in Harare, K2 seed marketing agronomist Beauty Magiya said production efforts are being channelled to meet cropping and livestock requirements of the command scheme while K2 country manager John Makoni said farmers can increase productivity by adopting suitable hybrid seed varieties for their regions. ” We as K2 are supporting command agriculture one hundred percent and this year we are prepared to grow the required seeds which include maize, soya-beans and pasture'” said Mrs Magiya. Mr Makoni said as K2 they are demonstrating the genetics which they have for the country and they are all rounders. “We have white and yellow maize small grains to farmers. Yes there are traditional seed houses but it’s up to the farmers to try new things so they can improve productivity as farming is a business,” he said. Farmers who spoke to ZBC News from Karoi and Domboshawa were upbeat of achieving high productivity this year while urging government to speed up inputs distribution. Sources say the forthcoming command wheat programme...

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Africa now leads on new diabetes infections

Diabetes has become one of the largest chronic epidemics of the 21st century ahead of HIV and AIDS with Africa leading the pack of new infections as people’s lifestyles continue to change with health experts warning on the need for people to watch on their exercise patterns and eating habits. According to recent statistics from the International Diabetes Federation, the number of people to be diagnosed with diabetes across the globe is estimated to have doubled the 2015 figure of 415 million adults by 2040 with Africa set to lead the new infections. The statistics were presented at a diabetes training workshop in Bulawayo. Speaking on the sidelines of the workshop, South African based diabetes specialist Annelie Jordan says the threat posed by diabetes is bigger than what meets the eye as people seem not interested in changing their lifestyles. Zimbabwe Diabetes Association president Dr John Mangwiro says his organisation is embarking on a massive awareness campaign to have a new legislative framework to deal with companies that dupe customers by putting misleading labels on their food and beverages. Officiating at the function, the Minister of Welfare Services for War Veterans, War Collaborators and Former Political Detainees Retired Colonel Tshinga Dube a patient of diabetes himself decried the high costs associated with diabetes treatment which he said are beyond the reach of many. The three day training workshop was...

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Falcon College hosts three day rugby coaching course

11 schools are taking part at a three day Falcon College rugby U14 coaching course that also includes field matches aimed at improving the standard of the sport in the country. The annual event that enters its second year follows a partnership between Falcon College, Investec International Rugby Academy and AMG Global. Some of the schools attending includes Northlea, Lomagundi, Whitestone, CBC, Hillcres and Highlands. This year’s edition is boosted by the presence of experienced former players now turned coaches in 1995 South African Springboks rugby world cup winning player, Marius Hurter, former Kwazulu Natal loose forward Jacques Botes, Nico le Roux who is an ex-technical advisor to New Zealand and former defence coach for English premiership side London Irish’s Michael Horak. With over 250 players taking part in both junior and senior categories, Investec International Rugby Academy coach Hurter indicated that he was thrilled with the quality that was exhibited and also revealed that his organisation was propelled by the desire to give the budding stars a starting block. Hosts, Falcon College’s headmaster Reginald Querl noted that it was his school’s objective to grow the event in an effort to afford all U14s in the country a taste of the sport of rugby. It is hoped that the same amount of energy invested in nurturing the talent will be exerted in retaining it to don the national team...

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Govt to remove 5 cents tax on plastic money

The government is considering removing a five cents tax on plastic money in order to reduce the cost of transacting. The high cost of plastic money has seen Zimbabwe continuously experiencing quest for cash putting unnecessary pressures on the banks in terms of huge demands for cash. According to a statement issued by the Minister of Finance and Economic Development Cde Patrick Chinamasa today, the proposed removal of the five cents tax will provide relief to the banking public. Harare Chamber of Commerce Secretary General Mr Donald Gwisayi says promotion of plastic money can only be fully achieved by the increased roll out of point of sale machines (pos). “It remains to be seen whether this will work for the benefit of Zimbabweans,” says Mr Gwisayi. The Finance Minister states that the alleged non-banking of cash by some traders and firms is a key cause of concern which is being investigated by regulatory authorities. The government might be compelled to invoke laws which will result in those companies found not banking their funds losing operating permits, according to Cde...

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