Lowest paid mine worker to get $22 000
The Chamber of Mines of Zimbabwe (CoMZ) has acceded to mine workers’ request for an upward review of workers’ remuneration and awarded a 22 percent increment backdated to January. The … Read More
Author: Bullszimbabwe
Fresh roadmap for Arcadia lithium mine
Prospect Resources, developer of the Arcadia lithium plant near Harare, will build a smaller commercial scale pilot plant for only one of two locally available lithium varieties, because the route … Read More
Seed-Co rules out trading in outstanding shares
Shareholders who do not accept Seed-Co International (SCIL)’s open market offer to acquire local subsidiary Seed-Co Limited (SCL)’s entire issued ordinary shares on the Zimbabwe Stock Exchange (ZSE) may find … Read More
Vic Falls remains top global tourism destination
VICTORIA FALLS is the second-best place to visit for holiday and leisure in the world, according to Geo Fernweh, a German travel inspiration magazine. Despite the disruptive effects of the … Read More
Vic Falls lodge gets US endorsement
An upmarket lodge in the resort town of Victoria Falls, the Victoria Falls Safari Lodge, has given the country a much needed silver lining after being named among an illustrious … Read More
NSSA to leverage on property portfolio
The National Social Security Authority (NSSA), which last year embarked on a strategic drive to realign its investment portfolio through divesture, consolidation and optimisation, says is now focused on sweating … Read More
Stockbrokers in mixed reaction to MPS
Two local stockbroking firms had mixed reaction to the 2021 Monetary Policy Statement released last week Friday by central bank governor Dr John Mangudya. While IH Securities was more appreciative … Read More
‘Fund tobacco using local resources’
The Reserve Bank of Zimbabwe (RBZ) last week revealed it approved offshore loans worth US$1,3 billion last year, indicating 23 percent increase from 2019, and the bulk of the money … Read More
Inflation: Experts cautiously optimistic
ADVISORY firm, IH Securities (IH) says Zimbabwe’s inflation will continue decelerating this year, although the economy will remain under pressure. In its latest macro-economic update, IH said continued fiscal discipline, … Read More
Prospect defers takeover deal
AUSTRALIAN Lithium miner, Prospect Resources, says it has deferred a planned takeover of Farvic Consolidated Mines’ equity stake in Arcadia mine to the end of this year. Under the agreement … Read More
