Local cutters want the government to scrap the tender system in allocating diamonds, saying some companies are left with no gems if they lose during the bidding.
In a typical misreading of President Robert Mugabe a Norwegian Foreign Affairs official with 15 years experience on Zimbabwe predicted that Mugabe would not stand for elections at the Zimbabwe African National Union-Patriotic Front congress of 2009 because he was seeking a graceful exit. Movement for Democratic Change leader Morgan Tsvangirai even bought into the ploy.
Zimbabwe’s central bank says it will print additional bond notes worth $300 million in an effort to ease biting cash shortages, stoking fears that the country could return to the era of money printing and hyperinflation.
Zimplats reported an 11 percent increase in revenue to $143.5 million in the quarter to June from $128.9 million in the same quarter last year, driven by a 6 percent increase in platinum group metals (4E) sales volumes.
Norton legislator Temba Mliswa yesterday accused the chairman of the Parliamentary Portfolio Committee on Mines and Energy Daniel Shumba of acting like a one-man-band and deliberately trying to protect the chief executive officer of Sakunda Kuda Tagwirei from giving evidence to the committee.
War veterans leader Victor Matemadanda has told the First Lady Grace Mugabe to control her children first before she can claim to be the mother of the nation who can publicly discipline President Robert Mugabe’s deputies and ministers.