BUSINESS NEWS

NRZ targets US$1m from property leases

National Railways of Zimbabwe (NRZ) is targeting to generate at least US$1 million annually from leasing out some of its properties across the country as part of an initiative to widen its revenue bas...

By Staff reporter | Published: 12 September 2023

POLITICS

Zvoma, wife in stalemate over property

FORMER clerk of Parliament Austin Zvoma and his estranged wife Maria (nee Jeche), have reached a stalemate over the distribution of their immovable properties in Harare in divorce proceedings currentl...

By Staff reporter | Published: 22 October 2019

CONSTRUCTION & PROPERTY

Zimre records US$1,42m loss after property arm restructuring

ZIMRE Property Investments Limited (ZPI) says the restructuring of its portfolio led to a loss of US$1,42 million for the year ended December 31, 2018 from a profit after tax of US$2,48 million in the...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Prophet Magaya almost buys stolen property

SUSPECTED habitual thieves run out of luck after they were nabbed trying to sell stolen chairs to PHD ministries founded by clergyman Walter Magaya.The three who are employed as caretaker, gardener an...

By newzimbabwe | Published: 24 April 2019

POLITICS

Mugabe's ex-minister, wife lose property

Former Lands minister Douglas Mombeshora and his wife Millicent are set to lose household property worth thousands of dollars after failing to pay back an undisclosed amount of money to a local bank.A...

By Staff reporter | Published: 02 January 2019

BUSINESS NEWS

Zimbabweans among top property buyers in SA

In spite of a crippling foreign currency crisis ravaging the Zimbabwean economy, locals are finding the hard currency to buy real estate in South Africa.Interestingly, when it comes to splurging on pr...

By Fin24 | Published: 02 January 2019

CONSTRUCTION & PROPERTY

Property developers demand US dollars

Property developers are demanding payment in US dollars for residential stands or houses in a development that might further exclude ordinary people from owning houses. The development flies in the fa...

By Staff reporter | Published: 01 January 2019

POLITICS

Chipanga sued for grabbing farmer's property

One of former Wakefield Estate owners, Andrew Dawson, has petitioned the High Court seeking an order to prohibit former Zanu-PF youth leader Kudzanayi Chipanga from taking over his assets.Dawson and C...

By Staff reporter | Published: 13 September 2018

BUSINESS NEWS

Teachers sue property developer after stands deal sours

TWENTY-FOUR teachers under the Zimbabwe Teachers' Union (Zitu), have taken a Gweru-based leading property developer, River Valley Properties, to court for failing to deliver residential stands which t...

By Staff reporter | Published: 18 July 2018

TRANSPORT & TOURISM

Fly Africa set to lose property over debt

Fly Africa is set to lose property over a $17 295 debt owed to a former employee who recently obtained a writ of execution against the airline, following a court order issued by High Court judge Justi...

By Staff reporter | Published: 14 July 2018

POLITICS

Chamisa-led MDC-T to lose property worth $665k?

THE Nelson Chamisa-led MDC-T could lose property worth over $665 000 after the Labour Court ruled that it unfairly dismissed 17 employees and must pay damages. Labour Court judge Justice Betty Chidziv...

By Staff reporter | Published: 13 July 2018

POLITICS

Obert Mpofu loses property battle

Home Affairs minister, Obert Mpofu, has lost the battle to block the High Court from transferring some of his properties to the Deposit Protection Corporation (DPC) - the liquidator of his now-defunct...

By Staff reporter | Published: 07 July 2018

POLITICS

ConCourt outlaws attachment of state property

State property remains immune from attachment and execution following a ruling by the Constitutional Court with the consent of involved parties.The bench led by Deputy Chief Justice Elizabeth Gwaunza ...

By Staff reporter | Published: 05 July 2018

BUSINESS NEWS

$200 000 property up in smoke

PROPERTY worth an estimated $202 000 was reduced to ashes on Tuesday when Empire House in Bulawayo was gutted down by fire.The building houses several flea markets.Bulawayo chief fire officer, Richard...

By Staff reporter | Published: 05 July 2018

POLITICS

Chatunga's property auctioned

Former president Robert Mugabe's son, Chatunga, is set to lose property after failing to pay rentals for his butchery in Chitungwiza. A writ of execution has since been issued for the attachment....

By Staff reporter | Published: 29 June 2018

BUSINESS NEWS

Zim launches Intellectual Property Policy

Government has launched the Zimbabwe National Intellectual Property Policy and Implementation Strategy (2018-2022) to spur innovation and creativity in various sectors of the economy. Addressing stake...

By Staff reporter | Published: 28 June 2018

CONSTRUCTION & PROPERTY

Land developer, CBZ sued over property deal

A BULAWAYO firm Loxdale Investments (Private) Limited has taken Harare-based property developer, Rilbro Property and Development (Pvt) Limited and CBZ Bank to court over a botched land deal.In summons...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

Property skewed to residential

The real estate sector in Zimbabwe has hit its lowest although opportunities still abound across the country's major cities, experts say. Activity in the sector has been skewed towards residential dev...

By Staff reporter | Published: 22 June 2018

BUSINESS NEWS

NRZ challenges sale of property over salary arrears

THE National Railways of Zimbabwe (NRZ) has approached the High Court challenging the sale of its property over $20 000 salary arrears owed to a former employee.NRZ through its lawyers Mbidzo, Muchade...

By Staff reporter | Published: 20 June 2018

POLITICS

Elections stall property sector

LOOMING elections are stalling the property market as sellers and buyers have adopted a wait and see attitude on the outcome of those elections, a property expert has said. Speaking to NewsDay recentl...

By Staff reporter | Published: 19 June 2018

MINING & RETAIL

Greatermans to lose property

Once Zimbabwe's iconic departmental store, Greatermans Stores, is set to lose various electrical goods over a long standing debt to a local company.Greatermans Stores closed shop a few years ago to pa...

By Staff reporter | Published: 13 June 2018

CONSTRUCTION & PROPERTY

CBD exodus haunts property sector

MASHONALAND Holdings Limited (Masholds) has started engaging local authorities in Zimbabwe to find a lasting solution to heightened exodus from central business districts (CBDs) by companies fleeing a...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Zimbabwe hosts property investment conference

API Events will next week host the inaugural Zimbabwe Property Investment Conference for the local real estate industry and regional investors looking to invest in the property market.In a statement y...

By Staff reporter | Published: 06 June 2018

BUSINESS NEWS

Mnangagwa says will protect property rights

President Emmerson Mnangagwa has assured local and foreign investors that his administration will protect their rights by making conditions conducive for investment.He made the pledge yesterday in Har...

By Staff reporter | Published: 05 June 2018

CONSTRUCTION & PROPERTY

NRZ property revenue rises

THE National Railways of Zimbabwe (NRZ) is working on increasing its revenue streams by expanding its property portfolio, whose revenues soared to $5,67 million last year from $3,3 million in the prio...

By Staff reporter | Published: 05 June 2018
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