African Consolidated Resources chief executive Andrew Cranswick has filed a motion with the Australian Federal Court to annul its bankruptcy ruling, a move that stops his trustee from pursuing his overseas assets including his stake in the London-listed company, reports from Australia said today.
Britain planned to tighten sanctions on Zimbabwe including an investment ban immediately after the controversial elections of 2008.
The Reserve Bank of Zimbabwe today laid off 1 455 workers to cut costs. The massive retrenchment will leave the bank with 493 workers and will cost $70 million.
An Ohio mother of two was this week sentenced to 10 days in jail for sending her children to a better school in a white school district.
The International Monetary Fund says Zimbabwe should put a tight lid on rising wage demands in the public sector where civil servants are demanding salary increases of up to 200 percent, reports said today. “The challenge really is to contain spending and particularly wages, public sector wages.