Zimbabwe’s largest gold producer, Metallon has made its four mines stand alone operations in a restructuring exercise it says will increase efficiencies.
The Infrastructure Development Bank of Zimbabwe (IDBZ) achieved a 16 percent increase in net profit to $196 572 in the six months to June compared to $169 720 in the same period last year.
Zambian government officials did not believe that Zimbabwe’s inclusive government would last and described it as a “forced marriage,” with former South African President Thabo Mbeki acting as “the bridesmaid”.
The Zimbabwe Stock Exchange (ZSE) market capitalisation increased by $1.37 billion in the week to close at $8.12 billion on Friday, from $6.74 billion in the previous week.
Zimbabwe’s main opposition Movement for Democratic Change led by Morgan Tsvangirai says the country is too rich for its people to be poor but the only way for Zimbabweans to liberate themselves is to vote the Zimbabwe African National Union-Patriotic Front and its leader Robert Mugabe out next year.
President Robert Mugabe and his wife contradicted each other on whether a faction of the Zimbabwe African National Union-Patriotic Front called G40 exists or not.
Movement for Democratic Change leader Morgan Tsvangirai believed that the collapse of the Zimbabwean currency in 2008-2009 and the introduction of the United States dollar would force Mugabe to step down because Zimbabwe would not be able to raise enough US dollars to pay civil servants.
First Lady Grace Mugabe today dressed down Vice-President Emerson Mnangagwa and warned him that he could go the way Joice Mujuru went.