WATCH LIVE as Gambakwe looks at the controversial transaction in which Zimbabwe Billionaire, Kuda Tagwireyi will be buying the state bank POSB.
Topics
Tagwirei to buy the POSB from Mutapa fund
This is despite the fact that the POSB is now showing profit
There will also an IPO
Mutapa Fund is made up of other non-profit entities that are not being sold
This represents asset stripping
CBZ has issued a cautionary on the acquisition
IODZ names Directors of the Year
Chipo Chimuka of Chimuka Mafunga Commercial Attorneys named Woman Director of the Year by the IODZ
Obey Chimuka is on US sanctions
– Grace Muradzikwa named named second runner up Director of the Year
– Garikaimose Tongowona Aquaculture named Director of the year NGO sector – Aquaculture
– POSB CEO Garainashe Changunda named second run-up DOYA in the public sector category
– Susan Mutangadure Chairperson of the adjudication committee
– IODZ CEO Catherine Nyachionjeka
Demetria Zirenga stole $250 000 from Marange when he was bedridden
Harison Marange has dragged Demetria to court over the theft which was uncovered by an audit carried out by Sahara Accountants
The two own the company Enhanced Mortgaging and Housing PVT (LTD)
Botswana runs out of Unleaded Petrol 93
– Botswana Oil Limited only has ULP 95
– BotswaNA Oil has explained that this is due to the sole supplier of ULP 93 the NATREF refinery of South Africa which has been shut down since May
Botswana has launched a National Biogas Digester Programme
Zambia Independent Broadcasting Authority Managing Director Guntila Muleya found dead
Muleya was appointed less than three months ago
he failed to return Home on Tuesday evening and his body was found on Wednsday morning
Two spent gun cartridges were found at the scene
He was the former GM of Multichoice in Zambia
ZiG crashes
Police launch a Blitz to arrest money changers and airtime dealers
Report to Police on Whatsapp +263 712 800 197 or National Complaints Desk on (0242) 703 631
South African Reserve bank has seizzed R3,6 Million from Drip Footwear owner Lekau Sehoana
The money was held in an FNB Bank Account
Lekau told the Sowetan Newspaper that he has not been formally notified of the notice by the SARB over the money.
Drip Footwear has been in the news over financial issues
Conclusions
1. The DOYA is a good initiative which is heavily focused on traditional industries
2. There is need to focus on innovative and emerging companies
