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An illegal gold mining network operating in the Libyan desert and employing Chinese, Chadians and Nigeriens has been dismantled, the Prosecutor's Office announced on the night of Sunday to Monday.
Nationwide protests have taken place since October 7 despite the disbanding of the controversial Special Anti-Robbery Squad (SARS) police unit.
The demonstrators have been accused of attacking police stations and personnel.
The rallies which are mostly attended by young people have become avenues to vent against corruption and unemployment.
Rights groups say at least 15 people have been killed the demonstrations began in early October.
TRANSPORT services firm, Unifreight Africa Limited (UAL) says it is planning to purchase shares in Zimbabwe Stock Exchange-listed agricultural implements assembler, Zimplow Holdings Limited (ZHL) for $125,3 million. BY TATIRA ZWINOIRA The deal is part of a mega transaction announced by ZHL last month, which will see it acquire two UAL subsidiaries as it seeks to diversify operations. The Unifreight subsidiaries at the centre of the transaction are Tredcor Zimbabwe, where it controls 51% shareholding and Birmingham Investments, in which the logistics firm has full shareholding. If Unifreight shareholders approve the transaction at a special meeting on November 12, it will take over 18 399 564 newly-issued ZHL shares in exchange of its 51% shareholding in Tredcor. In addition, the transaction will result in Unifreight assuming control of 15 774 446 newly issued shares in ZHL in exchange for its stake in Birmingham Investments, according to a statement released by the logistics group. “Unifreight shareholders are being called by notice dated October 28, 2020 to attend the (extraordinary general meeting) EGM of the company … to consider and, if deemed fit, approve … the proposed disposal by Unifreight Africa Limited’s sub-subsidiary, Clan Services (Private) Limited, of its 51% shareholding in Tredcor Zimbabwe (Private) Limited in exchange for 18 399 564 newly-issued ordinary shares in Zimplow Holdings Limited,” Unifreight said. It said the EGM would also discuss “the proposed disposal by Unifreight Africa Limited of its 100% shareholding in Birmingham Investments (Private) Limited in exchange for 15 774 446 newly issued ordinary shares in Zimplow Holdings Limited”. “Zimplow has offered to acquire Unifreight’s 100% shareholding in Birmingham Investments for a consideration of $57 984 401,88 to be settled with 15 774 446 newly-issued ordinary shares in Zimplow such that, Zimplow will become the sole shareholder of Birmingham Investments and Unifreight will become a shareholder of Zimplow holding a total of 15 774 446 ordinary shares in Zimplow,” the circular said. “Zimplow has also offered to acquire Clan Services’ 51% shareholding in Tredcor for a consideration of $67 339 926,99 to be settled with 18 399 564 newly issued ordinary shares in Zimplow such that Clan Services will become a shareholder in Zimplow, holding a total of 18 399 564 ordinary shares in Zimplow,” it added. UAL said the disposal of Birmingham and Tredcor had become necessary after both companies were negatively affected by the economic downturn. It said as a result, their problems had caused a strain on the business. “Birmingham Investments is the 100% shareholder in Birmingham Property (Private) Limited. Birmingham Property’s sole asset … has been vacant for almost a year now owing to difficulties found in the industrial property sector. The industrial property sector has not been spared by the economic downfall which has resulted in very high voids,” Unifreight chairman Peter John Annesley, said in a letter to shareholders. “This has been worsened by
By TRAVIS JOHNSON Associated Press STATE COLLEGE, Pa. (AP) — Justin Fields doesn't need the energy of 110,000 people mostly rooting against him in a stadium to put on a show. The Ohio State quarterback is just fine shredding defenses in front of a more intimate gathering. Justin Fields passed for 318 yards and four touchdowns, two to Chris Olave, and No. 3 Ohio State beat No. 18 Penn State 38-25 on an eerily quiet Saturday night at what is usually one of the most raucous settings in college football. 'I just think it's the work from the offseason, I […]
The post In empty white out, No. 3 Ohio State beats Penn State 38-25 appeared first on Black News Channel.
THE head of artiste and repertoire (A&R) at Sony ATV Music Publishing South Africa Munyaradzi Chanetsa has urged local musicians to embrace proper ways of monetising their work on the internet in order to realise full financial benefits. BY KENNEDY NYAVAYA In an interview with NewsDay Life & Style on the sidelines of a music empowerment workshop, hosted by Gateway Stream — a subsidiary of Rainbow Tourism Group (RTG) on Thursday, Chanetsa urged musicians to use strategies that monetised the demand for their work online. “In this digital age we are, you do not have to rely on the traditional ways of how it used to be with just television and radio, now you can work in the digital space (and) if radio does not want to play your music you can put it online properly through an aggregator so that you earn revenue,” he said. “Rather than just giving someone a song, why not upload it properly and share a link with them so they can stream it. You can still make it work for you, it is just about doing the right thing and doing it properly.” Chanetsa’s sentiments come at a time a number of local artistes have, for long, been struggling to make a living from their craft owing to a wide range of hitches among them lack of royalty payment from radio and television as well as piracy. This has seen a bulk of artistes circulating their own work through different social media platforms for free as a marketing strategy to gain fans and attract bookings for gigs. Several artistes across genres have been in a long-standing battle with the Zimbabwe Music Rights Association (Zimura) for failing to pay royalties or parcelling out paltry amounts when they do, a situation that has left musicians dependent on revenue from live performances. “I am not sure why there is a problem with payment of royalties, but one can register with another CMO (collective management organisation), if you go to South Africa there is Capasso or Samro and you can register there and they can make sure that you get at least some of the royalties due to you, that is an option,” he said. Meanwhile, Gateway Stream unveiled the Music Web and Mobile Application — an interactive music platform built for musicians and users at the event. RTG’s Corporate communications and innovations manager Pride Khumbula said the Gateway Stream Music application would enable musicians to upload their music, set pricing, manage inventories and receive revenue for all purchases “through a revolutionary wallet function”. “The Gateway Stream Music App will give artistes access to consumers and ensure that they can earn revenue from their trade, reducing the risk of losing earnings through piracy, she said. “A unique feature of the application is the socialisation capability where artistes can interact with their fans and share content in the same way as they would on Facebook, YouTube, Instagram and WhatsApp. The only difference being that they are able to do all this on the same platform in which their music is streamed.” Follow Kennedy on Twitter @ken_nyavaya
The potential of violence is threatening to further divide the United States of America ahead of one of the most consequential presidential elections in modern history.
OPA-LOCKA, Fla. (AP) — President Donald Trump is suggesting that he will fire Dr. Anthony Fauci after Tuesday’s election, as his rift with the nation’s top infectious disease expert widens while the nation sees its most alarming outbreak of the coronavirus since the spring. Speaking at a campaign rally in Opa-locka, Florida, Trump expressed frustration that the surging cases […]
Put a new spin on a great traditional South African dessert. The Milk Tart with Coconut Filling is going to become a new family favourite.
Mayor Pete Buttigieg was mistaken about 2020 Democratic presidential hopeful Joe Biden’s financial agenda being higher for Individuals, statedTrump 2020 Communications Director Tim Murtaugh on Sunday, two days away from…
