First Mutual Holdings Limited’s shareholders voted to approve a $17.25 million rights issue which will finance the acquisition of an 80.92 percent stake in Zimbabwe’s largest short-term insurer NicozDiamond, at an Extraordinary General Meeting (EGM) yesterday.
Vice-President Emmerson Mnangagwa yesterday dismissed reports that he ate Gushungo Dairy ice cream before he fell sick at the Zimbabwe African National Union-Patriotic Front youth rally in Gwanda on 12 August.
South African President Jacob Zuma today said he was not involved in the granting of diplomatic immunity to Zimbabwe’s First Lady Grace Mugabe who had to leave South Africa in a huff after allegedly assaulting a 20-year model.
The Zimbabwe African National Union-Patriotic Front was the biggest perpetrator of violence in July, according to the Zimbabwe Peace project.
Zimplats’ profit in the year ended 30 June 2017 increased to $45.53 million compared to $7.32 million in 2016, boosted largely by a total of $34.8 million realised from export incentives and disposal of treasury bills from the Reserve Bank of Zimbabwe (RBZ).
From inside what used to be the commentary box, high above what is left of the sports field at Torwood Stadium, one can look across to the pile of rust that was once one of Africa’s largest steel factories.