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Car dealer conned US$80k in another Ponzi scheme

A BORROWDALE-BASED car dealer reportedly lost US$80 000 to a con-artist operating a Ponzi scheme disguised as Homelife Furniture and Electrical Appliances Compa. ....

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Car dealer conned US$80k in another Ponzi scheme -Newsday Zimbabwe

Chikweza failed to honour his promise and Ushendibaba, who had invested US$80 000, realised that he had been duped when Chikweza became evasive. ....

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Car import restrictions hailed - Zimbabwe Situation

Car import restrictions hailed
Herald Reporter
THE Government’s decision to restrict the importation of vehicles more than 10 years old has the potential to see the accrual of huge economic benefits, players in the motor industry have said.
The Government, last week gazetted regulations that gave legal effect to the Government’s decision to restrict vehicles older than 10 years as a means to revive the once vibrant local car industry.
Such a ban on used cars is not unique to Zimbabwe as several other jurisdictions restrict such imports.
In South Africa for example, one can only import a second-hand vehicle after getting a permit and this is meant to protect the local motor vehicle manufacturing industry. ....

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