More shoddy deals haunt indigenisation ministry

More shoddy deals haunt indigenisation ministry

By Michael Gwarisa THE indigenisation ministry has been in the limelight for the wrong reasons over the past three to four years. Around mid-last year, the ministry appeared before a parliamentary portfolio committee on indigenisation and economic empowerment chaired by Gokwe-Nembudziya legislator Justice Wadyajena over its rather shoddy engagement with Brainworks Capital a financial consultancy firm which was hired by the ministry during the Saviour Kasukuwere administration, to assist mining companies achieve indigenisation compliance certificates. Despite the mining firms not having signed any contracts to that regard, Brainworks went on…

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New Attack Reported by Swift Global Bank Network

New Attack Reported by Swift Global Bank Network

By MICHAEL CORKERY Thieves have again found their way into what was thought to be the most secure financial messaging system in the world and stolen money from a bank. The crime appears to be part of a broad online attack on global banking. New details about a second attack involving Swift — the messaging system used by thousands of banks and companies to move money around the world — are emerging as investigators are still trying to solve the $81 million heist from the central bank of Bangladesh in February. In that…

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