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RTG arrivals flat – NewsDay

ZIMBABWE Stock Exchange-listed hospitality chain, Rainbow Tourism Group (RTG) says occupancy levels across its hotels were flat during the nine months to September 30.

In a trading update, the firm said COVID-19-induced travel restrictions continued to dictate developments in the sector.

Tourism industry players are among the worst affected by the pandemic, which have forced governments to apply restrictions on travel.

RTG said occupancies for its hotels closed at 24% during the period, compared to 23% last year.

“The tightened level four lockdown restrictions in July and August affected business operations during the third quarter,” RTG said.

During this period, restrictions on intercity travel and gatherings affected the business, particularly conferencing activities on the domestic market.

This, said RTG, is in contrast to the second quarter which experienced better business volumes due to the near-to-normal trading conditions under level two lockdown.

Despite the setback, the group generally witnessed a surge in volumes during the third quarter compared to the same period in 2020.

The group’s Gateway Stream division witnessed a surge in volumes on its various channels during the quarter compared to all other quarters in the year with business volumes growing 55% above the comparative quarter in 2020.

The Gateway Stream performance was anchored on Gateway Stream rooms, selling hotel rooms not owned by RTG which were equivalent to 30% of the total RTG hotel rooms sold during the third quarter while other channels such as groceries, music and hardware continued growing.

RTG said it continued to navigate the current realities thrust upon the operating environment by the COVID-19 pandemic.

“At the same time the group also said a focus on costs as complemented by speed in exploiting emerging revenue opportunities enabled the company to register strong performance in the quarter.

“The group managed to access foreign currency through the auction system thereby easing the burden on some of its foreign currency requirements,” RTG said.

Going forward, RTG remains optimistic about prospects of the tourism industry in the short to medium term.

This is despite warnings of a possible fourth wave.

The group said the stability in the operating environment was a positive development, expected to translate to increased activities.

“The performance post the relaxation of the lockdown measures has positioned the group on a recovery trajectory. International airlines such as British Airways have resumed flights to Victoria falls with Qatar Airways coming to Harare for the first time. These developments should see growth in activity in Victoria Falls destination,” RTG said.

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Covid LIVE: Indias third confirmed Omicron case is from Gujarat – Business Standard

Amid growing concerns over the new Omicron variant of SARS-CoV-2, a parliamentary committee has recommended that the efficacy of (Covid-19) vaccines must be evaluated and concerns with regards to the new strain developing immunoescape mechanism critically addressed.
Prime Minister is to kickstart the poll campaign for the upcoming by addressing a rally in Dehradun on Saturday. The Prime Minister will reach Dehradun’s Parade Ground, the rally venue at 12.30 pm, Pradesh BJP general secretary Kuldip Kumar said. Soon after his arrival, he will inaugurate seven developmental projects and lay foundation stones of 11 others, all totalling worth over Rs 18,000 crore after which he will start his address around 1 pm.
A crucial meeting of the Samyukta Kisan Morcha (SKM) will be held at the Singhu border on Saturday to decide on the future course of the agitation. Farmer leaders said any decision on whether to send five names to the Centre for a panel on will be taken in the meeting as they have not yet received any formal communication from the government.

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Breaking news: India’s 3rd Omicron case is Gujarat man who recently returned from Zimbabwe, reports ANI – Hindustan Times


Breaking news: India’s 3rd Omicron case is Gujarat man who recently returned from Zimbabwe, reports ANI

  • Breaking news updates December 4, 2021: Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour.

Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour.
Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour.
Updated on Dec 04, 2021 03:52 PM IST

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Welcome to live updates platform where you can find breaking news from India and across the world. Find fast updates about the latest news as it breaks.

Missed an important news update? Worried about what is happening in the world of finance and how it will impact you? Want to know about the latest update on Covid-19? Don’t worry, we have you covered.

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  • Dec 04, 2021 03:52 PM IST

    West Bengal evacuates thousands of people in South 24 Parganas and Purba Medinipur districts, reports PTI

    The West Bengal government on Saturday evacuated thousands of people in South 24 Parganas and Purba Medinipur districts, reported news agency PTI. The state government further urged tourists in popular sea resorts to stay away from beaches as in wake of the warning for Cyclone Jawad. 

  • Dec 04, 2021 03:00 PM IST

    Three Omicron cases in India after Gujarat reports first case of new variant

    Gujarat has reported its first case of Omicron variant in Jamnagar, reports news agency ANI. This is the third case of Omicron variant reported in the country so far.

    “A person who came from Zimbabwe was infected with the variant. His sample has been sent to Pune,” ANI quoted the state health department as saying.

  • Dec 04, 2021 02:17 PM IST

    Centre has approved over 1 lakh crores for development of Uttarakhand: PM Modi

    Prime Minister Narendra Modi said on Friday, “In the last 5 years, the Centre has approved more than 1 lakh crores for the development of Uttarakhand. More than 18,000 crores have been invested in today’s developmental projects.” 

  • Dec 04, 2021 02:11 PM IST

    PM Modi lays foundation for Delhi-Dehradun economic corridor

    Prime Minister Narendra Modi on Friday laid the foundation for multiple projects including the ambitious Delhi-Dehradun economic corridor in Dehradun, Uttarakhand. Read more

  • Dec 04, 2021 01:42 PM IST

    PM Modi inspects the model of the Delhi-Dehradun Economic Corridor

    PM Modi inspected the model of the Delhi-Dehradun Economic Corridor which will be built at a cost of around 8300 crore. He will shortly inaugurate and lay the foundation stone of multiple projects in Uttarakhand today.

  • Dec 04, 2021 01:10 PM IST

    PM Modi arrives in Dehradun to inaugurate multiple projects

    PM Modi has arrived in Dehradun to inaugurate and lay foundation stone for multiple projects worth 18,000 crore.

  • Dec 04, 2021 12:56 PM IST

    PM Modi to inaugurate, lay foundation stone of multiple projects in Dehradun

    Prime Minister Narendra Modi will shortly inaugurate multiple development projects in Dehradun worth 18,000 crore, including Delhi-Dehradun Economic Corridor.

  • Dec 04, 2021 12:11 PM IST

    PM Modi condoles death of former Andhra CM K Rosaiah

    Prime Minister Narendra Modi extended condolences to the family and supporters of former Andhra Pradesh chief minister K Rosaiah who died on Saturday morning following a cardiac stroke.

  • Dec 04, 2021 11:59 AM IST

    ‘Weakening north-northeastwards change in movement of Cyclone Jawad after evening today’: IMD

    IMD said that there will be a weakening north-northeastwards change in movement of cyclone Jawad after evening today along the Odisha coast, reports ANI. 

    “It’ll reach Puri area to form a deep depression. Wind speed is expected to be 50-70kmph till Dec 5 afternoon,” said Mrutyunjay Mohapatra, DG-IMD.

  • Dec 04, 2021 11:29 AM IST

    Mumbai awaiting genome sequencing results of 288 samples from foreign returnees, says Mayor

    Mumbai Mayor Kishori Pednekar said that the city administration was awaiting the genome sequencing results of 288 samples taken from as many foreing returnees to the city, reports ANI. 

  • Dec 04, 2021 11:06 AM IST

    WATCH | People evacuate Puri beach as cyclone Jawad approaches

    People in Puri’s beach area evacuated the place to shelter homes put up in the area in the wake of cyclone Jawad, reports ANI. 

    “The safety of the people is our topmost priority. Everyone present at the Puri beach has been asked to vacate the area. Shelter homes have been established in Puri; all are requested to follow government guidelines on cyclone Jawad,” said Puri SP Kanwar Vishal Singh.

  • Dec 04, 2021 09:08 AM IST

    Delhi’s air quality remains in ‘very poor’ category

    The air quality in the national capital continued to remain in the ‘very poor’ category on Saturday morning, according to the System of Air Quality and Weather Forecasting And Research (SAFAR).

  • Dec 04, 2021 08:01 AM IST

    Tikait says talks between Haryana CM and farmers remained inconclusive

    Bharatiya Kisan Union leader Rakesh Tikait said that the talks between Haryana chief minister ML Khattar and farmers remained inconclusive, adding the state government has, however, agreed to take back the cases registered against farmers.

  • Dec 04, 2021 07:40 AM IST

    Biden says he’s been aware of Russia’s actions for a while

    After US intelligence officials found Russia planning Ukraine offensive, President Joe Biden said he has been aware of the Kremlin’s actions for a while now.

  • Dec 04, 2021 06:10 AM IST

    New Jersey confirms its first case of Omicron variant

    New Jersey governor Phil Murphy has confirmed the state’s first case of the coronavirus Omicron variant late on Friday.


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Kadoma Housing Saga: Court Declares Couple's Company 'Non-Existent' – New

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By James Muonwa, Mashonaland West Correspondent

THE Supreme Court has upheld the High Court’s decision declaring Balwearie Holdings registered under company number 45/77 as non-existent following its dissolution.

The dissolved entity’s directors Zane Patrick Heyns and Elizabeth Heyns were holding onto the name, thereby disturbing the legitimate business operations of bona-fide Balwearie Holdings, who are the directors of Sabonabona housing development project in Kadoma.

The Heyns forged CR14 documents misrepresenting they were directors of Balwearie Holdings in a bid to have locus standi, but the documents were discovered to be fraudulent.

The led to the arrest on fraud charges of Phillip Danga of Philjoy Secretarial Services who drafted them.

Danga’s matter is still pending at the magistrates’ court.

Based on the misrepresentation, the Heyns attempted to evict scores of property owners from the 97 hectare Kadoma property, a move which, however, hit a snag.

The Supreme Court bench comprising of Justice Chinembiri Bhunu, Justice Hlekani Mwayera, and Justice George Chiweshe has upheld two decisions of the High Court, firstly confirming the order issued by Justice Edith Mushore on July 8 last year declaring Balwearie Holdings registered under company number 1898/20 as the legitimate entity, while declaring that Balwearie Holdings under company number 45/77 was dissolved.

The Supreme Court also upheld the High Court judgment by Justice Emilia Muchawa which ruled that Balwearie Holdings company number 45/77 can not sue or be sued as it is a dissolved entity.

In summary, the bench has recognised Balwearie Holdings (1898/20) as the only legitimate Balwearie Holdings in existence.

On the other hand, the Chief Registrar of companies Martha Chakanyuka confirmed through an affidavit that their index reflects that Balwearie Holdings (45/77) is dissolved.

The Supreme Court’s decision puts to rest doubts members of the public had around the legitimacy of Balwearie Holdings (1898/20) who are the genuine property managers of Sabonabona housing project.

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One Zimbabwe Classifieds | ZimMarket

Zimbabwe Market Classifieds | ZimMarket

1 Zimbabwe Market Classifieds | ZimMarket

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