MINING & RETAIL

Caledonia eyes 75 000 ounces gold output

CALEDONIA Mining Corporation, which owns Blanket Mine in Matabeleland South province, targets to increase gold output to 75 000 ounces in 2021 as the mine has begun focusing on increasing output. &nbs...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Zimbabwe to auction 500 000 carats

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will conduct another diamond auction before the end of the year targeting to sell between 400 000 and 500 000 carats. A fortnight ago, MMC...

By Staff reporter | Published: 27 September 2019

TELECOMS & TECHNOLOGY

TelOne loses $500k to vandalism

TelOne lost about $500 000 over the weekend when small-scale miners vandalised network infrastructure while panning for gold in Mashonaland West Province. The $500 000 was lost in restoring services a...

By Staff reporter | Published: 27 September 2019

TELECOMS & TECHNOLOGY

Xiaomi's new smartphone other smartphones look old-fashioned

Chinese tech giant Xiaomi just revealed on Tuesday a new 5G concept smartphone called the Mi Mix Alpha. It has a screen that wraps almost all the way around the phone, and it looks utterly incredible....

By Staff reporter | Published: 27 September 2019

FINANCIAL SERVICES

Old Mutual explains half-year cash outflows

Old Mutual Zimbabwe Group says it was not involved in buying foreign currency on the local foreign currency markets, in view of significant cash outflows that was notable during the half-year to June ...

By Staff reporter | Published: 27 September 2019

TRANSPORT & TOURISM

Zim tour operators accuse Botswana of unfair business practice

ZIMBABWE'S tour operators have alleged unfair business practices by their Botswana counterparts, whereby they bring their clients straight to the country instead of letting them do that on their behal...

By Staff reporter | Published: 27 September 2019

FINANCIAL SERVICES

Zimdollar plunges after weekend gains

The value of the Zimbabwe dollar yesterday plunged against the United States dollar after stabilising at the weekend following the Reserve Bank of Zimbabwe (RBZ)'s decision to freeze bank accounts of ...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

African Chrome fields shuts down, lays off 500

ONE of the country's largest ferrochrome producers, African Chrome fields (ACF), has shut down its mining operations in Kwekwe, laying off over 500 workers.The company is owned by South African busine...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

Zimbabwe to get 100 MW from Mozambique

MOZAMBIQUE'S Hidroelectrica de Cahora Bassa (HCB) will this week feed 100 megawatts into the country's power grid, a move likely to ease power shortages in Zimbabwe, Zim Morning Post reported.The late...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Retailers shift blame on price increases

RETAILERS, who stand accused of profiteering, have attributed the relentless price increases to currency instability and the rising cost of doing business. In an interview, Confederation of Zimbabwe R...

By Staff reporter | Published: 27 September 2019

TELECOMS & TECHNOLOGY

Axis Solutions introduces new fiscal device

LOCAL Information Communication and Technology (ICT) company, Axis Solutions, has introduced a new electronic fiscal device which is affordable and safe from power cuts called the RevMax.Zimbabwe has ...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

39 solar power projects get nod

The Zimbabwe Energy Regulatory Authority (Zera) has processed 39 solar power projects that have capacity to generate up 1 151,87MW, as the country moves towards renewable energy to contain shortages. ...

By Staff reporter | Published: 27 September 2019

TELECOMS & TECHNOLOGY

Govt installs trackers on vehicles and Zupco buses

The Central Mechanical and Equipment Department (CMED) has set up a control room at its headquarters in the city to monitor the movement of all Government vehicles and collecting information on vehicl...

By Staff reporter | Published: 27 September 2019

TELECOMS & TECHNOLOGY

Sasai promo launched

Cassava Smartech yesterday launched a $10 million chakachaya pasasai promotion that will be open for all active Sasai application users. The promotion which will run for over 10 weeks starting from to...

By Staff reporter | Published: 27 September 2019

TRANSPORT & TOURISM

Cable fault disrupts train movement

A FAULTY electricity cable that supplies power to the National Railways of Zimbabwe signals grid has disrupted local and regional train movement between South Africa and Zimbabwe through Beitbridge.So...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

ZimCoke says ready for production

COKE making firm, ZimCoke Private Limited, says it is geared to commence production once it completes renovations on its ovens.  ZimCoke took over coke ovens within the defunct steel giant Zisco ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimpapers records 63% revenue increase

INCREASED investment towards tapping digital opportunities remains the anchor for the growth of Zimpapers (1980) Limited, the country's leading integrated media group, as it seeks to diversify operati...

By Staff reporter | Published: 27 September 2019

TRANSPORT & TOURISM

Zimbabwe takes tourism commemorations to Matobo

Zimbabwe will today celebrate the World Tourism Day at Matobo National Park.The day is set aside to raise awareness of the socio-economic benefits that are derived globally through travel and tourism ...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

CSC ceases operations

STRUGGLING beef processor, Cold Storage Commission (CSC) has temporarily ceased operations and is sending workers on forced leave to allegedly allow for "retooling and refurbishments".Southern Eye has...

By Staff reporter | Published: 27 September 2019

INDUSTRIALS & ENERGY

ZPC sued for disrupting business

THE Zimbabwe Power Company (ZPC) has been sued for Z$2,6 million for disrupting electricity connections at a Mazowe farm, resulting in losses.Kukohwa Kurima (Pvt) Ltd (Kukohwa Kurima) has cited ZPC in...

By Staff reporter | Published: 27 September 2019

TRANSPORT & TOURISM

NRZ says happy with DIDG deal

THE National Railways of Zimbabwe (NRZ) has expressed satisfaction with progress made towards concluding the US$400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DI...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

New CEO for PPC

Zimbabwe Stock Exchange listed cement producer, PPC, has appointed Roland van Wijnen, a former Lafarge Holcim executive as its new CEO. Van Wijnen, originally from Netherlands will be replacing Johan ...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Gold weighs on June exports

ZIMBABWE's exports fell 32 percent in June this year weighed down by reduced shipments of major mineral exports, latest statistics from the Reserve Bank of Zimbabwe (RBZ) show. The drop in exports cam...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Premier seeks EPO for Zulu lithium project

PREMIER African Minerals will soon meet the Mining Affairs Board over the company's application for an Exclusive Prospecting Order (EPO) at its Zulu Lithium and Tantalite project in Matabeleland South...

By Staff reporter | Published: 24 September 2019

INDUSTRIALS & ENERGY

Sable Chemicals to invest in coal bed methane

Fertiliser manufacturer Sable Chemicals has started feasibility studies to mine coal bed methane gas in Lupane as it seeks to cut on its import bill, an official has said.The company, which is the sol...

By Staff reporter | Published: 24 September 2019
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