William Gonese, a 28-year-old shift manager at Bakers Inn, stole US$3,420 from his workplace during a single night shift to fund online betting on a platform called Aviator.
According to a report by <a href="https://www.herald.co.zw/manager-in-court-for-theft/">The Herald</a>, Gonese hoped that by the end of the shift, he would not only be able to repay the stolen amount but also generate enough profit to impress his new wife.
Gonese, who resides in Unit M, Seke in Chitungwiza, pleaded guilty to theft before Harare Magistrate Lynne Chinzou and was subsequently convicted. Sentencing is scheduled for Saturday, January 4.
In court, Gonese explained his motive for the crime and said he intended to win money to impress his new wife. He said:
<blockquote>
Your Worship, my intention was not to steal, but to win more money. I started betting with US$350, and as I kept trying my luck, I ended up spending all the US$3 420. My girlfriend recently eloped with me, and I wanted to impress her if I had won the money.
</blockquote>
Prosecutor Audrah Chitoro told the court that last week on Saturday, Gonese was entrusted with a float of US$3,420 to serve customers at a Bakers Inn outlet on Chinhoyi Street in Harare.
However, by around 3:08 AM the following day, Gonese called Simbisa Bakers Inn audit manager Yusufu Bruce to confess that he had lost US$470 in cash and US$2,950 in InnBucks deposits through online betting.
In response to Gonese’s call, Bruce conducted a reconciliation at the shop, which confirmed that the entire amount of US$3,420 had been misappropriated.
With no funds recovered, Bruce filed a police report, leading to Gonese’s arrest.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

William Gonese, a man who worked at Bakers Inn, took $3,420 to gamble online in one night. He wanted to impress his new wife by winning more money, but he lost it all. Gonese admitted to the theft in court and will be sentenced soon. He called his manager to confess that he lost the money. The manager checked and found out the money was gone. The police got involved and Gonese got arrested for the crime. So, he ended up with no money and in trouble with the law.

Bakers Inn Manager Embezzles US$3,420 For Online Gambling, Ends Up With Nothing

Simbisa Brands Limited, a fast food outlet company in Africa with its roots in Zimbabwe, has announced plans to delist from the <a href="https://www.pindula.co.zw/ZSE_Direct">Zimbabwe Stock Exchange (ZSE). </a>
The company said it was shifting focus to the foreign currency-denominated <a href="https://www.pindula.co.zw/Victoria_Falls_Stock_Exchange">Victoria Falls Stock Exchange (VFEX)</a>.
In a cautionary statement to shareholders dated 27 September, the firm gave no reasons for delisting and dates for listing on VFEX.
The statement seen by Pindula News said further details of the transaction will be provided to shareholders once all regulatory processes have been concluded. Reads the statement:
<blockquote>
<h2>CAUTIONARY STATEMENT</h2>
The Directors of Simbisa Brands Limited (the “Company’) wish to advise all shareholders and the investing public that the Board has approved the delisting of the Company from the Zimbabwe Stock Exchange, immediately followed by its listing on the Victoria Falls Stock Exchange (the “Transaction”).
Further details of the Transaction will be provided to Shareholders once all regulatory processes have been finalised. 
Shareholders are therefore advised to exercise caution and consult their professional advisers when trading in the Company’s shares.
By order of the Board, 
Prometheus Corporate Services Company Secretary 27 September 2022 
Simbisa Brands Limited 17 Morningside Drive, Mount Pleasant, Harare, Zimbabwe 
</blockquote>
The USD-denominated VFEX, a subsidiary of the ZSE, was<a href="https://news.pindula.co.zw/2020/10/23/victoria-falls-stock-exchange-officially-launched/"> launched in 2020</a> as part of efforts to attract global capital and restore foreign investor confidence in Zimbabwe’s capital markets and help companies raise capital in foreign currency.
To date, VFEX has four listings under its books,<a href="https://news.pindula.co.zw/2021/07/08/caledonia-plans-listing-on-victoria-falls-stock-exchange/"> Caledonia Mining</a>, <a href="https://news.pindula.co.zw/2021/07/19/victoria-falls-stock-exchange-notice-to-seedco-and-padenga-shareholders-full-text/">Seed Co</a>, Bindura Nickel Corporation and <a href="https://news.pindula.co.zw/2021/07/19/victoria-falls-stock-exchange-notice-to-seedco-and-padenga-shareholders-full-text/">Padenga.</a>
Meanwhile, <a href="https://news.pindula.co.zw/2020/06/04/getbucks-in-a-whopping-20-million-loss/">GetBucks</a> Bank, which also intends to migrate to VFEX, has said negotiations for recapitalization and the process to shift to VFEX  are still in progress.
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