Zimbabwe’s Finance Minister Patrick Chinamasa says people should borrow money for productive purposes and chided that one cannot borrow money to pay lobola-bride price- for example, because a woman is not a tractor.
Hospitality and retail group Meikles Limited has reached an agreement with the government over a Reserve Bank of Zimbabwe which has been outstanding for two decades, chairman John Moxon said yesterday.
Nampak Zimbabwe’s after tax profit fell 43.4 percent to $838 000 in the six months to March, from $1.48 million in the same period last year, on the back of subdued demand in the plastics and metals segments.
The United States army private who was jailed for 35 years for one of the largest leaks of classified documents was released today after serving only seven years.
Zimbabwe plans to construct a 300 000 tonne platinum refining plant in a joint venture with an Australian-based firm Kelltech at an estimated cost of $200 million, Mines Minister Walter Chidhakwa said today The southern African nation, which holds the world’s largest platinum deposits after South Africa, will only implement a ban on exports of platinum concentrate after completing construction of the facility, Chidhakwa added, effectively postponing a punitive 15 percent tax meant to come into effect next year.
The Zimbabwe African National Union-Patriotic Front will be in power until 21 August next year even if President Robert Mugabe steps down, the parliamentary watchdog Veritas says.