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A HARARE man allegedly leaked his ex-girlfriends n_ude photographs out of spite, after she had broken up with him. Revenge p_orn by angry lovers has become a common feature on socia medial. In an interview with the H-Metro, Thabo Ndlovu (27) admitted to circulating the n_ude photographs & videos on social media, commenting that his […]

Source: Millers threaten to sue ZBC scribe over report | Newsday (News)

BY DESMOND CHINGARANDE

THE Grain Millers Association of Zimbabwe (GMAZ) has written to the Zimbabwe Broadcasting Corporation (ZBC) senior journalist Judith Makwanya disputing a televised report that milling companies were spinning central bank-issued foreign currency on the parallel market.

Makwanya on February 26 this year reported about one Douglas Kwande, a local farmer from Gweru who was said to be in the business of baking bread using locally-produced wheat.

However, the GMAZ dismissed the allegations that there were milling companies that were reluctant to support wheat producers and that they were receiving or requesting foreign currency from the central bank, which they allegedly spin on the black market.

GMAZ instructed their lawyers Wintertons Legal Practitioners to demand further particulars in the form of specific names of the milling companies that were selling foreign currency on the black market, the exact black market dealers who have dealt with milling companies and the names of wheat producers who have requested for support from the alleged milling companies.

“We are instructed to demand the supply of the requested information within five working days of your receipt of this letter, failing which we have standing instructions to institute legal proceedings against you in your personal capacity for possible injury and possible harm to the reputation of milling companies currently operating in Zimbabwe,” the lawyers said.

The letter was served to Makwanya on March 1 and she is yet to respond to the letter.

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Source: EMA orders Chinese firm to halt operations | Newsday (News)

BY MTHANDAZO NYONI

THE Environmental Management Agency (EMA) has ordered an Umguza-based Chinese brickmaking company to stop operations pending processing of its Environmental Impact Assessment (EIA) certificate.

Homestead Clay, also known as Zimbabwe and China Biocheng Brick Company, has been mining clay along the Harare Road in the Umguza District without an EIA certificate, thereby violating the country’s laws.

EIA is a process of evaluating the likely environmental impacts of a proposed project or development, taking into account inter-related socio-economic, cultural and human-health impacts, both beneficial and adverse.

EMA Matabeleland North provincial manager Chipo Mpofu-Zuze revealed that the company’s EIA certification papers were yet to be approved.

“The correct name which they submitted for an EIA is Homestead Clay. It could be having another name, but the documents they submitted to us indicate that they are called Homestead Clay,” Mpofu-Zuze said.

“They did prospectus and were told to do the full EIA. They did it and submitted it for processing. We are now processing it. Our team went there today (yesterday) and they have ordered them to stop operations,” she said.

Mpofu-Zuze said EMA was having challenges with companies that start operations without an EIA certificate.

“The challenge that we have is that people think that if they do that book (EIA) even before its approved they can start operations. This is what they (Chinese company) did, but they have been told to stop until their EIA certificate has been approved, if it’s going to be approved,” she said.

Southern Eye last week visited the site and was told that all documents including the EIA certificate were there.

Company official Takavada Mbondiah yesterday insisted that they had the EIA certificate, dismissing EMA’s claims that it halted the operations.

“We have all the papers and have never been stopped from operating. In fact, we are not yet operating, we are building accommodation for the workers. We are still waiting for machinery to arrive from China, hopefully by end of this month it would have arrived,” he said.

Mbondiah claimed that they got their EIA certificate two weeks ago.

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Source: Zim hosts ITU meeting | The Herald March 6, 2019

Minister Kazembe

Business Reporter
Members of the International Telecommunication Union from across the world have started arriving in Victoria Falls for the ITU-T Study Group 13 meeting. The meeting, which started on Monday and ends on Friday next week, will be officially opened by the Information Communication Technology and Courier Services Minister Kazembe Kazembe.

Study Group 13 has led ITU’s standardization work on next-generation networks (NGNs) and now caters for the evolution of NGNs, while focusing on future networks and network aspects of mobile telecommunications.

Broadly speaking, NGN refers to the worldwide move from circuit-switched to packet-based network. Circuit switching provides the basis for traditional telephone networks while packet switching break streams of data into smaller blocks of data. Each of these small blocks are then sent independently over a shared network.

The migration to NGNs has reduced service providers’ capital and operating expenses and enable the rollout of a rich variety of services.

As is common practice in ITU-T, reduced energy consumption was a priority addressed early in the development of NGN standards and in this respect they have proven far superior to traditional networks.

NGNs have been critical to fixed-mobile convergence and telecom-broadcasting convergence exemplified by such innovations as Internet Protocol Television.

NGNs are also underpinning the convergence of ICT and other industry sectors, such as the automotive industry in support of intelligent transport systems.

The SG13 is presently focusing on future networks that are expected to enjoy early realisation sometime around 2020 in prototyping or phased deployments.

Cloud computing is an important part of SG13 work and the group develops standards that detail requirements and functional architectures of the cloud computing ecosystem. SG13’s standardisation work also covers network aspects of the Internet of Things (IoT), additionally ensuring support for IoT across FNs as well as evolving NGNs and mobile networks. Cloud computing in support of IoT is an integral part of this work.

Meanwhile POTRAZ will be taking advantage of its presence in Victoria Falls to embark on a consumer education and awareness campaign at Chinotimba stadium this Saturday.

The roadshows which have been attracting thousands of consumers are popular because of their edutainment format.

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Source: ‘New currency to steer self-correction of ZSE stock prices’ – NewsDay Zimbabwe March 6, 2019

BY MISHMA CHAKANYUKA

Market analysts expect a self-correction of the price of stocks listed on the Zimbabwe Stock Exchange (ZSE) following the establishment of the real time gross settlement dollar (ZWR) and floating of the exchange rate.

Since the announcement of the monetary policy, which paved way for the currency reforms, the ZSE all share index has retreated 0,76 points to 152,18 points and has continued going down to 146,56 points to date.

A local securities firm, Inter Horizon, said it is expecting the market price to be unstable in the short run as individuals try to understand the local currency.

“The equities market was significantly weak across the board and in heavyweights particularly. Nonetheless, we expect further price corrections in the equities market, that is, Old Mutual, to converge closer to the formal rate as the market re-rates downwards,” Inter Horizon said in its outlook.

Commenting on the issue, ZSE vice-chairperson Arnold Dhlamini said the currency reforms affected the market performance in the short-term.

“The market has gone down because people are still trying to understand the dynamics of the local currency, the (ZWR). The prices are coming off though the export side has remained up. The market has never been tied down to any currency,” he said.

The establishment of an inter-bank foreign exchange market by Reserve Bank of Zimbabwe governor John Mangudya is expected to help stabilise the foreign currency deficit and improve foreign participation in the market.

But Dhlamini said the change was yet to be felt.

“Foreign sector is the major driver of the market. There has been a small deep in foreign participation. This situation will continue until the banks are fully funded to the extent that foreigners are assured to get their money from the inter-banks,” he said.

“Foreign participation depends on whether the banks have adequate foreign currency.”

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