The Movement for Democratic Change led by Morgan Tsvangirai today said it is alarmed by President Robert Mugabe’s call to take over the remaining farms occupied by white farmers yet one of Mugabe’s lieutenants, and members of his immediate family, has 19 farms.
National Social Security Authority profit increased by 230 percent to $105.9 million for the full year to December 31, 2016, on the back of less write downs and improved contributions.
Logistics group, Unifreight says its outlook is ‘extremely favourable’ after cost cutting measures resulted in savings of $5 million annually.
The Member of Parliament for Chegutu West Dextor Nduna says the government should take over the debts of the national airliner Air Zimbabwe and the National Railways of Zimbabwe to give them a fresh start otherwise it might as well abolish Parliament’s portfolio committee on transport.
Zimre Holdings Limited (ZHL) says it has been granted permission by the central bank to open a $2 million offshore account for its reinsurance company, Baobab, to allow the company to underwrite foreign insurance business. Baobab is the largest reinsurer in Zimbabwe, with a regional reach.