Gukurahundi, the massacres of the 1980s which left between 10 000 and 20 000 people in Matebeleland and Midlands dead or missing, has reared its ugly head again this time during the debate on the proposed National Peace and Reconciliation Commission Bill.
Zimbabwe says it could repossess unused mining claims from large companies and redistribute them to small-scale miners in a bid to increase mineral output. Mining plays a critical role in the southern African nation, accounting for 60 percent of exports.
Regional sugar processor Tongaat Hulett reported an operating profit of R1.27 billion ($95.7 million) in the year to March from an operating loss of R15 million ($1.13 million) recorded last year on improved local market prices and strict import protection measures in the region.
The Deposit Protection Corporation (DPC) has paid $2.95 million to the collapsed AfrAsia Bank Zimbabwe’s preferent creditors, and blamed the cash crunch for delays in payment.
Zimbabwe’s mineral exports increased 27 percent to $852.6 million in the period January to May 12, up from $668.5 million during the same period last year on the back of increased output and firming international prices, a central bank official said on Friday.