Day: July 7, 2017

Armed gang kills 1 in Silobela

One person died early this morning when a gang went on a rampage in Silobela assaulting revellers at a nightclub and injuring police officers who intervened. Gang violence turned ugly at Maharai Business Centre in Silobela when a gang armed with a pistol, machetes, swords and catapults went on a rampage assaulting people at a night club and police officers who tried to quell the violence. Police spokesperson, Senior Assistant Commissioner Charity Charamba said the gang even resisted police authority to disarm their weapons. Two of the gang members Carlos Mathonzi and Sibangani Ngewnya were on the police wanted list for stoning the house of Silobela legislator, Cde Mthokozisi Manoki Mpofu. Senior Assistant Commissioner Charamba condemned violence highlighting that crime in mining areas is increasing in a development that has raised police concern. Recently police banned possession of dangerous weapons in public under the Public Order and Security Act with Silobela being one of the areas covered.          ...

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Council evicts tenants in Highfield West

Highfield residents are up in arms with the City of Harare over its decision to evict them from their houses and vowed never to leave the premises. The City of Harare Highfield West housing dispute took a new twist this week when council descended on the suburb to evict residents of the two roomed quarters around the Highfield Canaan area. A visit to the location revealed property scattered outside the houses with stranded residents pondering on their next move. The residents who claim to have been staying in the council houses for more than 50 years said the move...

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Govt, industry endorse local content policy

The 7th buy local and investment summit ended with industry and government endorsing the formulation of a sound local content policy that seeks to stimulate local sourcing and increase participation by local companies . Both the private and public sector are convinced that the policy which is set to complement statutory instrument (SI) 64 will result in job creation and realisation of the industrialisation agenda. But what exactly in local content? How does it differ from SI 64? What benefits will it bring? What form will it take? These are some of the questions delegates to the just ended...

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Local companies embrace lean management

Local companies are embracing the lean management concept, a business leadership style being promoted by the Confederation of Zimbabwe Industries (CZI) to improve customer value and enhance industry’s competitiveness. Lean Institute of Africa chief executive officer, Dr Anton Grutter said companies that have adopted lean management have achieved quick gains adding what is critical is to maintain structural changes that have better efficiency, in the long term. The Scientific and Industrial Research Development Corporation has also come on board to assist the CZI in advancing the lean management concept, with a number of top companies adopting the measure. Key...

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Republic Cup roars into life

One of Zimbabwe’s popular horse race, the Republican Cup, returns to the track this Sunday at the Borrowdale Park race course with 8 races set to be contested. The horse race, organised to benefit charity groups is being bankrolled by Catercraft, the Civil Aviation Authority of Zimbabwe and the national career, Air Zimbabwe, FBC, Killem, ZOL-Fibroniks and Centre for Global Dialogue and Cooperation, with a prize money of US$40 000. The US$40 000 Republic Cup (Gr3) – final leg of the Borrowdale Park’s “big three” has the makings of a competitive race with several of the contestants having taken part in the Castle Tankard and OK Grand challenge races. But as horse racing continue to its getting unpredictable with each day Comanche Brave who won the US$50 000 Castle Tankard but disappointed in the US$40 000 OK Grand challenge a month later  will Saturday see his supporters expecting the Amy Bronkhorst’s charge to make amends. The line up for the Republican Cup also features Bridget Stidolph trained Royal Honour, the winner of the OK Grand challenge, Ashton Park and Lava Flow representing Penny Fisher stables, while Kirk Swanson has runners Windigo, Cool Solution, Fah Fee and Light the Way, a newcomer to Borrowdale Park. The 2016 Republic Cup was won by Mathematician. Morgan Nyamagwete was in the irons, and he teams up with Fah Fee...

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ZSE ends week in green

The Zimbabwe Stock Exchange continued on a bullish trend to end the week in positive territory. The industrial index was marginally up by 0.03 points (0.02%) to close at 197.93 points on the back of subdued trading activity. Three counters went up, Old Mutual gained 1 cent to settle at 393 cents as Econet inched up by 0.06 cents to settle at 36 cents. Axia gained 0.04 cents to close at 11 cents. Afdis registered 1 cent loss to trade at 60 cents whilst Barclays, CBZ, Delta and Innscor traded unchanged at 4.08 cents, 10 cents,  127 cents and 72 cents. Week on week the industrial index gained 1.96 points (1.00%). The mining index was flat at 69.98 points. Bindura, Falgold, Hwange and RioZim remained unchanged at 3 cents 1 cent, 2.50 cents and 55.25 cents. The mining index added 0.19 points (0.27%) compared to week ending 30 June...

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Closure of ZISCO affecting iron, steel industry

The iron and steel downstream industries say the closure of the Zimbabwe Iron and Steel Company (ZISCO) continue to affect their operations as they are failing to break even due to high cost of the imported raw materials. Some Small and Medium Enterprises in Magaba area in Mbare said the high cost of raw materials have adversely affected their business operations. They said the liquidity and economic challenges has resulted in depressed local market which is usually supported by the low income earners. While focus has been on the laid off employees of ZISCO, nothing much has been said about downstream industries of the iron and steel industry and the value of the sector could have been...

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Churches applaud Presidential Youth Interface tours

Churches have applauded President Robert Mugabe for prioritising youth interface tours nationwide. Churches under the banner of  Tehillar Christian Network have commended President Robert Mugabe and Zanu PF youth leadership for giving Zimbabweans an opportunity to meet the President in their respective jurisdiction of the ten provinces. Pastor Golden Mutepfa from Paradise Gates Ministries calls on media not to tarnish and misinterpret the vision of the Youth League. Zimbabwe being a Christian nation, they have been accorded freedom of worship and religion since 1980 to date, hence churches call upon media to desist from politicising religious related statements to...

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Cool Crooners lead vocalist Sithole buried

Liberation war hero and legendary musician, Abel Sinwemetsi Sithole of the Cool Crooners who died last week has been laid to rest at the Bulawayo Heroes Acre today. Cde Matshingelani Nyathi was also buried today at the same cemetery. Minister of welfare for war veterans, collaborators, ex-detainees, and political restrictees, Cde Tshinga Dube took the opportunity to dismiss factionalism  and call for unity of purpose within the party saying those who are fanning disunity are destroying the revolutionary party and must not be allowed to continue. Cde Eunice-Sandi Moyo also emphasized the issue of unity and further went on to encourage liberation heroes to keep a record of their auto-biographies to avoid distortions of their contribution to the war of liberation. Their sentiments were also echoed by chairman of the War Veterans Association in Bulawayo, Cde Cephas Ncube who said the splinter group of war veterans was a group of power hungry individuals betraying the gains of the liberation. Bulawayo musicians also paid their tribute to the heroes by singing the legendary Cool Crooners ensemble tune titled ‘Bhulugwe...

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Policy frameworks must be consultation based: Economists

While the country has set economic recovery targets enunciated in a number of economic blueprints problems particularly to do with outdated machinery and lack of policy clarity continue to defeat intended results. The recently held RBZ-World Bank Small and Medium Enterprises development conference showed that the costs of using outdated equipment are huge, defeating policies aimed at ramping up productivity. Despite policies such as SI 64 to ensure that import substitution becomes the order of the day, the manufacturing process in many instances remains rudimentary. While the ultimate goal is to ensure the country tackles the problem of spending millions on imports of locally produced goods there is agreement that policy frameworks guiding such initiatives must be based on formed research and consultation notes economist, Mr Peter Chikamhi. Quality and cost effectiveness are certainly thrown out of the window when there is focus on productivity. Policies have not been holistic in arresting the need on one hand to achieve self sufficiency while balance the reality that Zimbabwe is not operating in isolation says economist, Mr Talent Bandamakara. The country too is in an unviable position where it has crafted good policies that have seen many countries achieve notable growth after adopting and replicating them. At the end of the day it is evident that policy formulation and implementation in some cases remain in total disharmony with no clear time...

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