SA Breaking News

THE Zimbabwe Anti-Corruption Commission (ZACC) says it has identified over US$7 billion in cash and properties stashed outside the country by former and current senior Government officials and captains of industry.This comes as ZACC intensifies efforts to recover ill-gotten wealth hidden in foreign lands.According to ZACC, some of the properties and cash were in Switzerland, London, the United States of America, Singapore, Hong Kong, Malaysia, Mauritius and Spain, among other countries.In an interview on the sidelines of a three-day workshop on asset recovery being held in Harare yesterday, ZACC chairperson Justice Loice Matanda-Moyo said more accurate investigations were now underway.“Informally, we have now identified over US$7 billion worth of property and cash all over the world which were siphoned by our former leaders, current leaders, private sector and individuals.So this information we only got informally, so now we have to formalise the process so that we start the processes

NEIGHBOURING South Africa has told President Emmerson Mnangagwa’s administration to stop political interference in public institutions, respect trade agreements and allow competition in business if it is serious about turning around the collapsing economy.In a straight talk by South Africa’s ambassador to Zimbabwe Mphakama Mbete during the Political Actors Dialogue (Polad) economic summit last week, government was told not to tinker with important economic institutions for political gain.“Public institutions are key to proper economic management and must be allowed to pursue their mandate in line with the policy framework and legislation that establishes them.These institutions are important to provide a stable and predictable economic environment for business to thrive,” Mbete said Business, particularly through Employers Confederation of Zimbabwe,.has accused government of dragging the Reserve Bank of Zimbabwe into quasi-fiscal activities and allowing it to print or generate

Opposition MDC leader Nelson Chamisa will launch a renewed bid to oust President Emmerson Mnangagwa by seeking to have the Constitutional Court (ConCourt) review its own judgment based on “new evidence.”.Chamisa’s lawyer Thabani Mpofu said after studying academic works on the elections published by self-exiled former minister Jonathan Moyo, they were now making efforts to have the judgment on the 2018 presidential elections set aside.The country’s top court ruled that Chamisa had failed to prove allegations of fraud during the presidential election, a vote which left the nation polarised and violence on the streets of the capital Harare. Mpofu said the basis of approaching the ConCourt was because they now believe that the Zimbabwe Electoral Commission (Zec) presented to the courts false information and, therefore, their call for the judgment to be set aside.“The general rule is that once a final judgment or order has been given, the judge who gave it or any other judge of par

Zimbabwean rapper Mudiwa Hood has settled the compensation demanded by the owner of the maize cobs that were allegedly stolen by Mutoko science teacher, Mr Jonathan Chatikobo.On Wednesday, Mudiwa visited Mr Chatikobo and took time to observe him while he was teaching “Good news Zimbabwe? I visited Mr Chatikobo today just to hear and verify the story “It was him and we will go back formally to help him big.He teaches at a private school in the outskirts of Harare not in Mutoko as rumoured “I sat in his class while he teaches his students, mmmm pure Genius!.“I settled the compensation demanded by the maize cobs owner and he is a free man and promised me to stay out of trouble,” Mudiwa wrote on his Facebook page.Mudiwa has promised to help Mr Chatikobo with school fees for his three kids “Among other things I will pay school fees for all his three kids, he needs it ma cousins….the man is a highly qualified science teacher who is nothing but a genius “He did everything our parents

These pictures of this luxurious car were taken today at an African airport near you, and this car is said to be owned by one of us, a Zimbabwean citizen. This is not new at all, there is a pattern that has developed in the past ten years especially here in Zimbabwe.Without being specific, I just want to use this opportunity to say something about what seems to be our culture of embarrassing conspicuous consumption, in the midst of grinding and shameless poverty!. If wealthy Zimbabweans invested in building factories, as half as they invest in buying million dollar cars, our people would not be unemployed today, there wouldn’t be this painful poverty that we see all around us.We are still 100 years or even more behind the developed world in the way we do things. We are still underdeveloped even in our thinking, and we must not deny it because our existence reflects that reality to the rest of the world!.That is why our brutal dictators die in foreign lands, where they will be

NEIGHBOURING South Africa has told President Emmerson Mnangagwa’s administration to stop political interference in public institutions, respect trade agreements and allow competition in business if it is serious about turning around the collapsing economy.In a straight talk by South Africa’s ambassador to Zimbabwe Mphakama Mbete during the Political Actors Dialogue (Polad) economic summit last week, government was told not to tinker with important economic institutions for political gain. “Public institutions are key to proper economic management and must be allowed to pursue their mandate in line with the policy framework and legislation that establishes them.These institutions are important to provide a stable and predictable economic environment for business to thrive,” Mbete said Business, particularly through Employers Confederation of Zimbabwe,.has accused government of dragging the Reserve Bank of Zimbabwe into quasi-fiscal activities and allowing it to print or ge

OPPOSITION MDC leader Nelson Chamisa will launch a renewed bid to oust President Emmerson Mnangagwa by seeking to have the Constitutional Court (ConCourt) review its own judgment based on “new evidence.”.Chamisa’s lawyer Thabani Mpofu said after studying academic works on the elections published by self-exiled former minister Jonathan Moyo, they were now making efforts to have the judgment on the 2018 presidential elections set aside.The country’s top court ruled that Chamisa had failed to prove allegations of fraud during the presidential election, a vote which left the nation polarised and violence on the streets of the capital Harare.Mpofu said the basis of approaching the ConCourt was because they now believe that the Zimbabwe Electoral Commission (Zec) presented to the courts false information and, therefore, their call for the judgment to be set aside.“The general rule is that once a final judgment or order has been given, the judge who gave it or any other judge of parallel juri

MDC Alliance vice president Ms Lynnette Karenyi-Kore and party national chairperson Ms Thabitha Khumalo reportedly almost came to blows at their leader Mr Nelson Chamisa’s office in Harare last week in a raging war over the post of leader of the opposition in Parliament.Mr Chamisa, according to party insiders wants to replace Ms Khumalo as leader of the opposition with Ms Karenyi-Kore on the basis that she is the most senior MDC-A member in the Parliament.The matter, according to insiders was discussed in a heated meeting of the national executive council (NEC) in Harare last week after which the two senior MDC Alliance officials reportedly almost came to blows.Ms Khumalo yesterday denied the reports of the near altercation.“I can only refer you to the person who gave you that story to comment,” said Ms Khumalo before asking what the sources said was the cause of their fight.“What I know is that I am the leader of the house as Chamisa clarified last week.I don’t understand why it is sa

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said the central bank should not be taken as a scapegoat with regards to the country’s ‘bad’ monetary policies.The apex bank governor shocked parliamentarians when he said that central bank should not be blamed for the unpopular and inconsistent monetary policies, but instead the blame should be directed to government ministers.Mangudya made these sentiments on Monday while giving oral evidence before the Parliamentary Portfolio Committee on Budget, Finance and Economic Development.“I will tell you the role of the central bank; it is to manage money supply in the economy to guard against inflation,” he told the committee.He said blaming him is therefore misplaced. His comments came after the MPs had accused him of promulgating bad policies, saying they had failed to fulfil the economic aspirations of ordinary Zimbabweans.Mangudya defended the central bank, saying the institution was just a mere advisor to the government. “The ro