Zimbabwe’s gold output is this year seen at 22 tonnes, lower than the target of 24 tonnes after government failed to pay small-scale miners for gold deliveries because of the ongoing cash shortages, Mines Minister Walter Chidhakwa said yesterday.
Zimbabwe has so far produced 900 000 carats of diamonds this year from its Marange fields, a third of the 3.2 million carats produced over the same period last year, dragged by court cases in which miners are challenging a government decision to expropriate their claims.
The Movement for Democratic Change led by Morgan Tsvangirai is more interested in creating a conducive electoral environment that will bring about a free and fair election than in political coalitions merely to topple President Robert Mugabe’s Zimbabwe African National Union-Patriotic Front.
The future of hardware retailer PG Industries remains murky after a proposed investor, Dewei Investments, failed to meet the November 30 deadline to pay off shareholders and creditors, the company said today.
A Bulawayo legislators says he is praying all the time that the crop of old leaders goes so “that we can fix Zimbabwe”.
Medical insurer Steward Health, a subsidiary of Econet Wireless, has collapsed six individual health plans into a single plan citing high costs, resulting in a shock subscription rate increase from as low as $8 to $177 per month.