Zimbabwe could seize idle mining claims
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...
Stories
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Tongaat Hulett recovers to $96 million operating profit
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...
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Former Kingdom Bank creditors paid $3 million
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...
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Zimbabwe mineral exports up 27 percent since January
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...
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Chidhakwa apologises to miners over $200 million Zimbabwe platinum refinery faux pas
Mines minister Walter Chidhakwa today apologised to platinum miners for announcing a $200 million refinery deal with Australia’s Kelltech Ltd without consulting them, reflecting the...
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Why Zimbabwe banks have welcomed a law that allows people to use cows, chickens and goats as collateral
Zimbabwe’s banks have welcomed a new law that allows people to use cows, chickens and goats as collateral because it gives them security that they...
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Padenga shareholders approve share option schemes for management and employees
Crocodile farming company Padenga Holdings shareholders yesterday approved a plan to set up a share option scheme for its employees and grant options to its...
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Cafca earns $327 000 profit
Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327 000 for the six months to March, largely as a...
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Mugabe launches $1 billion Harare-Beitbridge dualisation project
Zimbabwe’s President Robert Mugabe today officially launched the start of work on the dualisation of the Harare-Beitbridge highway for $984 million. The highway is Zimbabwe’s...
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Zimbabwe pensions might be revised from $60 to $150 a month by the end of the year
Senior citizens pensions under the National Social Security Authority (NSSA) might be reviewed upwards from the current $60 a month first to $100 and then...