Tag Archives: Zimbabwe
Shoprite to Stay Out of Zimbabwe
Africa Observed cannot get enough of Zimbabwe. The news earlier this week that South Africa’s Shoprite will not acquire OK Bazaars in Zimbabwe is significant and should not be passed over. Shoprite and its leaders Christo Wiese and Whitey Basson … Continue reading
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The Importance of Political Influence in Emerging Markets
The Nestle Zimbabwe scandal continues with news that Gideon Gono, the Zimbabwean Reserve Bank governor has frozen Nestle’s bank accounts in the country. Like the Meikles saga, Nestle’s sorry experience underlines the importance of being close to the politically powerful … Continue reading
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UK Relaxes Immigration Laws for Zimbabweans
From allAfrica, Thousands of Zimbabwean asylum seekers are to benefit from the relaxation of immigration laws by the British government. From July, the UK government quietly loosened the immigration rules for asylum seekers in order to clear a backlog of … Continue reading
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Rautenbach to Testify in Selebi Trial
For some time now Africa Observed has wondered just how Billy Rautenbach managed to strike so sweet a deal with the South African authorities to squash numerous criminal charges. For a man facing fraud charges running into the hundreds of … Continue reading
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Bloody Business
From the Mail and Guardian Online, The British owners of a Zimbabwean mine at the centre of “blood diamond” allegations say they are still in tentative negotiations with Robert Mugabe’s government about re-taking ownership of the field. Aim-listed African Consolidated … Continue reading
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Nestle Blood Milk
Not many would have predicted the storm of controversy that erupted following a newspaper report by Peta Thornycroft that Nestle has been buying milk from a farm seized by Grace Mugabe in Zimbabwe’s controversial land reform program. In South Africa … Continue reading
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Billy’s Back
From South Africa’s Business Day, BILLY Rautenbach, who fled SA after his motor company collapsed, will pay R40m in fines to settle a decade-long legal battle, the National Prosecuting Authority (NPA) said yesterday. Rautenbach was travelling and not immediately available for … Continue reading
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Zimbabwe Government Freezes Meikles Assets
From the Mail and Guardian Online, The government has frozen the assets of one of Zimbabwe’s oldest and largest companies, and the family behind the conglomerate suspects the action was taken to preserve the job of its CEO, who is … Continue reading
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Fools Gold?
Zimbabwe. High risk, high return mining. Certainly not for the fainted-hearted. However if you do decide to take the plunge remember that “gift” for Robert M and Billy R. In Zimbabwe they like to call it insurance. From the Mail … Continue reading
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Tsvangirai Talks Tough
From News24, Zimbabwe Prime Minister Morgan Tsvangirai on Sunday accused President Robert Mugabe’s party of violating their power-sharing deal, as thousands rallied to mark his party’s 10th anniversary. Despite guarantees of political freedoms in the unity accord, Mugabe’s Zanu-PF party … Continue reading
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