ZIMBABWE Electricity Transmission and Distribution Company’s Kadoma District Accountant, Kevin Zivurawa, was yesterday dragged to court after being implicated in an obstruction of justice scandal.
The State alleged that on August 4 Zivurawa, knowing fully well that Esol Engineering and its directors were under ZACC criminal investigations, forwarded the ZACC Letter of request for information on the case to Tatenda Ronnie Ngwaru.
ZIMBABWE Electricity Transmission and Distribution Company’s Kadoma District Accountant, Kevin Zivurawa, was yesterday dragged to court after being implicated in an obstruction of justice scandal.
Zivurawa 41, was not asked to plead when he appeared before Harare regional magistrate Marewanazvo Gofa.
He was released on US$100 bail and was ordered not to interfere with witnesses, to reside at his given address and to report once a week at the Zimbabwe Anti Corruption Commission offices in the capital.
Prosecutor Rufaro Chonzi alleged that on July 31, ZACC received information on a case of Fraud and Forgery which had allegedly happened at ZETDC in Harare involving a company called Esol Engineering (Pvt) Ltd.
On the same day, ZACC wrote to the Group CEOof ZESA Holdings, requesting for information which related to the case under investigation.
ZESA Holdings, through its internal processes, sent ZACC’s request to Zivurawa’s office so that it could provide useful information which related to the case since ZETDC Kadoma district also dealt with Esol Engineering.
The State alleged that on August 4 Zivurawa, knowing fully well that Esol Engineering and its directors were under ZACC criminal investigations, forwarded the ZACC Letter of request for information on the case to Tatenda Ronnie Ngwaru.
He is one of the directors at Esol Engineering and alerted him that he was being investigated.
This communication was done through WhatsApp.
According to the State, Zivurawa intended to defeat or obstruct the investigation.
Investigations further established that Zivurawa had been working with Tatenda Ronnie Ngwaru for some time, giving him some ZETDC inside information pertaining to supplies required.
This gave Esol Engineering an upper hand over other suppliers.
WhatsApp conversations also indicated that Zivurawa did some side jobs with Esol Engineering which then motivated him to alert the company of the ZACC investigations.
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Home Equity Loan vs. HELOC: Which Option Is Better?
Homeowners who have built equity may be able to borrow against their home through a home equity loan or a home equity line of credit, commonly called a HELOC. Both options use the home as collateral, but they work differently.
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A home equity loan provides a lump sum of money that is repaid over a set term with regular monthly payments. Many home equity loans have fixed interest rates, which makes payments predictable. This can be useful for one-time expenses such as a major home improvement project, debt consolidation, or a large planned purchase.
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A HELOC works more like a credit card. The lender gives you access to a line of credit, and you can borrow as needed during the draw period. HELOCs often have variable interest rates, meaning the payment can rise or fall over time. This flexibility can be useful for ongoing projects or uncertain expenses.
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The main advantage of a home equity loan is stability. You know how much you borrowed, what your payment is, and when the loan will be paid off. The main disadvantage is that you receive the full amount upfront, even if you do not need all of it immediately.
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The main advantage of a HELOC is flexibility. You can borrow only what you need, when you need it. The main risk is that variable rates can make payments unpredictable. Some borrowers may also be tempted to keep borrowing, which can increase debt.
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Before choosing either option, consider the risk. Because the loan is secured by your home, failure to repay could put your home at risk. Borrowing against home equity should be done carefully and for a clear financial purpose.
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Compare interest rates, fees, repayment terms, draw periods, closing costs, and whether the rate is fixed or variable. Also ask whether there are annual fees, early closure fees, or minimum withdrawal requirements.
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Home equity borrowing may make sense for improvements that increase property value or for consolidating high-interest debt with a clear repayment plan. It may not be wise for unnecessary spending or short-term lifestyle purchases.
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The best option depends on your goals. Choose a home equity loan if you need a fixed amount and predictable payment. Choose a HELOC if you need flexible access to funds over time.
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Before borrowing, compare lenders and review the full cost carefully.
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Business Liability Insurance for Small Businesses
Business Liability Insurance for Small Businesses
Every business faces risk. A customer could slip and fall, a product could cause damage, or a client could claim your service caused financial loss. Business liability insurance helps protect small businesses from costly claims and lawsuits.
The most common type is general liability insurance. It may cover bodily injury, property damage, personal injury, advertising injury, and legal defense costs.
Why Small Businesses Need Coverage
Without small business insurance, one lawsuit could create major financial problems. Even if your business did nothing wrong, legal defense costs can be expensive.
Businesses that rent office space, work with clients, sell products, or operate in public should consider liability coverage.
Types of Commercial Insurance
Commercial insurance may include general liability, professional liability, workers compensation, commercial auto, cyber liability, and property insurance. The right policy depends on your industry and risk level.
Final Thoughts
Business liability insurance is an important part of protecting your company. Before buying a policy, compare business insurance quotes and make sure the coverage matches your operations.
