The proposed investor for PG Industries, Dewei Investments says it has received regulatory approvals and will proceed to pay off the building materials manufacturer’s shareholders and creditors this month.
The Zimbabwe African National Union-Patriotic Front has dismissed reports of a purported rift between party leader Robert Mugabe and his deputy Emmerson Mnangagwa saying this is the work of regime change agents under the guise of journalism.
Regional cement maker Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation rose 25 percent in the period between January to August on increased production at its new Harare mill.
AIM-listed junior miner Vast Resources said production at its Pickstone-Peerless Gold mine in Chegutu, Zimbabwe was at 16 000 ounces in the year ended March 30, missing its target of 18 000.
Outspoken legislator Priscillah Misihairabwi-Mushonga dropped a bombshell in Parliament last week when she said 76 percent of the Members of Parliament were living with HIV/Aids and were taking ARVs.
Zimbabwe is on course to meet its target to produce 28 tonnes of gold by year end, driven by increased output from artisanal miners, Finance Minister Patrick Chinamasa has said. Gold production in the southern African nation has been on an upward trajectory since government decriminalized artisanal mining and embarked on an aggressive collection strategy, which saw the country’s sole buyer of gold Fidelity Printers set up buying depots across the country.
Botswana retail group Choppies says its net profit for the full year ended 30 June 2017 is expected to be lower than the previous year on losses accrued from new regions.
The Movement for Democratic Change has blasted Vice-President Phelekezela Mphoko for rubbishing the Zimbabwe Anti-Corruption Commission saying his hands are “extremely dirty and tainted” and he should actually be investigated.