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.
Listed property firm, Dawn yesterday reported an 81 percent drop in profit for the six month period to June 30, to $90 442 compared to $480 019 last year after an increase in expenses. Revenue grew 23 percent to $2.27 million from $1.85 million but operating expenses rose to $1.7 million compared to $1.2 million in same period last year.
Zimbabwe investment group, Brainworks Capital today said it has been granted a listing of all its issued shares on the Johannesburg Stock Exchange (JSE), a move which it said will enable the company to raise capital to reduce its debt and enhance its acquisitive growth.
Zimbabwe has suspended import duty on fertilized poultry eggs for a six month period in a bid to revive poultry production following successive outbreaks of Avian Influenza in the country.