Retailers defy Government on prices
RETAILERS continue to ignore the Government’s directive to exempt certain basic commodities from Value Added Tax (VAT) by not reducing prices of goods, a move that is putting pressure on … Read More
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US$4,1 billion disbursed through foreign exchange auction
The Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction has allotted a total of US$4,1 billion since its inception in 2020, maintaining the lead as the largest local source of … Read More
New firm to distribute electricity in the country
A local company Renewable Energy Hub has applied to the Zimbabwe Energy Regulatory Authority (ZERA) for an electricity distribution and retail license that will allow it to purchase power from … Read More
More price increases loom
The year opened with a spate of price increases on goods and services across the economy as new government taxes, fees and levies took effect. “In December, ZimStat [Zimbabwe National … Read More
40-tonne per annum gold target within reach: Govt
The Government says it will continue implementing a cocktail of measures to boost gold production to achieve the 40-tonne target stakeholders in the sector set in 2019. Gold is Zimbabwe’s … Read More
Local currency shortages and USD demand stifle stock markets
The local market is facing liquidity challenges which have resulted in lower buying momentum as Year-To-Date trading values show that 71 percent of the total turnover is in Econet (47 … Read More
Premier African Minerals discovers more lithium rich ore
PREMIER African Minerals, which is developing the Zulu Lithium and tantalum project in Insiza District, Matabeleland South Province, says latest assay results have shown heavy presence of spodumene. Spodumene is … Read More
US$1,5 billion Dinson Mine commences operations April
The first phase of the new giant steelworks at Manhize, the result of a US$1,5 billion investment by Dinson Iron and Steel Company (Disco) taking advantage of the Second Republic’s … Read More
Caledonia sets group capital expenditure
VICTORIA Falls Stock Exchange (VFEX)-listed mining entity, Caledonia Mining Corporation Plc, fresh from a successful 2023, producing 75,416 gold ounces has set a group capital expenditure of US$34,4 million this … Read More
Tharisa targets to raise US$260 million for operations
Tharisa Plc – parent company for Karo Mining Holdings (KMH), is planning a US$260 million capital raise for its local operations – the Karo Platinum Project. According to the group, … Read More
