Zimplats says it has agreed to give up 28 000 hectares of land, more than half of its idle mining claims to government, ending a five-year row but analysts say the latest land grab could spook foreign investors. President Robert Mugabe last year approached the courts seeking to compel the Implats subsidiary to cede its unused mining claims to government for redistribution to new players in the sector despite failing to utilise previously acquired land. It is not clear if the Administrative Court, which was hearing the case, passed judgment.
South Africa’s Impala Platinum (Implats) says it will be forced to shut down its Mimosa mine in Zimbabwe if government goes ahead with plans to implement a 15 percent levy on raw platinum exports.
The City of Harare today named and shamed some companies and organisations that are not paying rates, with the unpaid rates topping $700 million, compromising service delivery.
First Lady Grace Mugabe is reported to have been appointed to a key committee that will campaign for her husband and the ruling party in next year’s elections.
Masawara Plc reported a 57 percent increase in after tax profit to $3.6 million in the six months to June from $2.3 million in the comparable period last year.
The inclusive government that Movement for Democratic Change leader Morgan Tsvangirai joined to save the country from collapse almost became a prison as he could not pull out despite the frustration.