Russell Goreraza is accused of influencing the arrest of Harry Moulder, son of the late Public Works deputy minister Aguy Georgias, after an altercation over food with Goreraza’s girlfriend, Ionna Kiki Kuriakitsa Georgias.
Family conflict and allegations
Goreraza allegedly used his connections to sway the arrest and prosecution of Harry.
The altercation started when Ionna denied Harry’s children food, leading to a violent confrontation.
Harry claims to be the true victim, accusing Ionna of provoking him over their father’s inheritance.
Trial details
Harry was charged with assaulting Ionna but denied the allegations, stating the assault was provoked.
Ionna denied any involvement with Goreraza beyond political events and media...
Two National Constitution Assembly members were allegedly abducted, tortured, and dumped in Highlands, Harare, after attending a meeting on Thursday. Their abduction follows tensions over the Constitutional Amendment Bill No. 3.
Abduction incident
Naboth Sirora and Innocent Taruona were reportedly abducted after leaving the NCA offices.
They were assaulted, blindfolded, and dumped in Highlands without clothes.
NCA leader Lovemore Madhuku confirmed the incident and condemned the attack.
Constitutional Amendment Bill No. 3
The amendment has sparked public debate, with critics claiming it extends Mnangagwa's tenure illegally.
Madhuku’s group had been discussing the bill when the abduction occurred.
Unresolved investigation
Efforts to...
Stakeholders have shot down a proposal that would stop medical aid societies from owning and running hospitals and clinics. They say this move would make healthcare even more expensive for everyday Zimbabweans.
Rejected amendment
A proposed change to Statutory Instrument 330 of 2000 was strongly opposed.
The change would prevent medical aid societies from owning healthcare facilities.
Most stakeholders argued it would hurt access to affordable healthcare for ordinary people.
Impact on costs and access
Medical aid societies help bridge gaps in medical fees, easing costs for patients.
Without this option, patients would face steeper charges and out-of-pocket expenses.
The proposal could increase the burden on civil servants...
African Sun Limited is offering a buyback deal to shareholders, with plans to voluntarily delist from the Victoria Falls Stock Exchange. It could be a solid chance for investors to cash out.
Delisting and share buyback
ASL is offering to buy back up to 40% of its shares at US$5.17 each.
The buyback price is a 36% premium over the current trading price of US$3.79.
The repurchase could cost around US$30.58 million, valuing the company at US$76.45 million.
The offer opens on March 19, with a closing date of April 9, 2025.
Strategic shift
ASL wants to delist to gain operational flexibility, free from public market pressures.
The delisting will reduce regulatory and compliance costs, allowing more focus on operations and growth.
The...
First Mutual Properties Limited is seriously considering pulling out of the Zimbabwe Stock Exchange. Ongoing talks could shake up its stock price.
Delisting evaluation
FMP is mulling over a delisting from the ZSE, which could impact its stock price.
The company warned shareholders to be cautious while negotiations are underway.
The delisting talks are still in early stages, pending final agreements and approvals.
Stock performance ups and downs
FMP’s market cap hit US$57.8M in 2023, up from US$22.02M in 2022.
In 2024, despite a loss, its market cap rose to US$59.11M.
By December 2025, its market cap plummeted to US$39.36M.
Profits and losses
In 2023, FMP posted a US$93.32M profit from fair value gains.
In 2024, a fair value loss...
Simbisa Brands Limited just dropped a jaw-dropping 78.34% surge in profit after tax, hitting US$15.84 million in the six months ending December 31, 2025. All thanks to keeping costs in check and a solid revenue spike.
Financial results
Simbisa’s profit skyrocketed to US$15.84M, compared to US$8.88M last year.
The company pulled in US$182.75M in revenue, up from US$157.47M.
Revenue grew by 16%, largely fueled by a 10% customer volume bump and 6% higher average spending.
Operating profit shot up by 27%, even with heavy promos and Zimbabwe's fast-food tax.
Expansion efforts
The company added 14 new stores between December 31, 2024, and 2025.
21 stores got a major facelift during the same time frame.
Temporary food trucks were used...
GoldState Music secures strategic partnership with Bridgepoint Group to fuel growth in music-focused businesses. The new fund aims for global equity investments, shifting away from rights acquisitions.
GoldState partners with Bridgepoint for growth equity
Bridgepoint commits a significant investment as lead investor in GoldState’s Growth Strategy.
Focus is on scaling music-adjacent companies, not acquiring rights.
GoldState aims to deploy up to $1 billion in growth equity over the next few years.
GoldState’s shift from catalog acquisitions to growth investments
Previous fundraisers targeted music rights, including master recordings and publishing.
This new fund seeks profitable companies with organic growth and strong leadership...
The Circuit Group is expanding its offerings with Beat Switch Music Services, a white-label service aimed at empowering independent labels and artists. The service is designed to provide crucial tools without requiring labels to give up control over their rights.
Circuit launches Beat Switch Music Services
New division provides rights management, distribution, and marketing tools.
Works with 20+ independent labels, including Chris Lake’s Black Book Records and FISHER’s Catch & Release.
Offers a full suite: royalty accounting, A&R, DSP pitching, and Web3 platform services.
Beat Switch aims to level the playing field for indie labels
The platform provides major label-caliber tools while allowing full control over IP.
Targets the...
Suno's rapid growth continues, hitting 2 million paid subscribers and $300 million in annual revenue. But its rise is clouded by legal battles with major music labels.
Suno hits 2 million paid subscribers, $300 million in revenue
CEO Mikey Shulman shares impressive figures two years after launch.
Over 100 million users have tried Suno globally, from casual fans to Grammy winners.
Suno offers a free tier and two paid plans: Pro at $10/month and Premier at $30/month.
AI music platform faces backlash and lawsuits
Artist representatives accuse Suno of using unauthorized AI tools trained on artists' work.
RIAA filed a lawsuit against Suno for mass copyright infringement.
Suno is locked in legal battles with Universal, Sony, and European...
