Business

HARARE – Caledonia Mining Corporation (Caledonia) has adjusted gold production at its Blanket Mine (Blanket) in Zimbabwe from 54 000 to 56 000 ounces. Caledonia’s chief executive officer Steve Curtis said the production of 13 978 ounces in the third quarter ended September 30, 2018 is a welcome improvement on the production levels achieved in…

HARARE – The National Social Security Authority (Nssa) has reviewed retirement and survivor’s grants for 5 500 people who received their payouts between April 2009 and January 2011. A grant is a once off payment to members who would have contributed to Nssa for less than 10 years. At that time, the authority used the…

HARARE – Dewei Investments (Dewei) says it will pay off PG Industries’ shareholders and creditors by the end of this month after the company received regulatory approval from the registrar of companies. Under the agreed scheme of arrangement, Dewei Investment agreed to buy the entire PG Industries’ share register at a cost of $500 000….

HARARE – Government has appointed a seven-member board to steer the Minerals and Marketing Corporation of Zimbabwe (MMCZ) following dissolution of the last board. Mines minister Winston Chitando said the new board will be chaired by veteran mining expert David Murangari. The other board members are Chamber of Mines Zimbabwe chief executive Isaac Kwesu, Rose…

HARARE – A South African investment firm says it is planning to invest in Zimbabwe’s mining sector by offering beneficiation and value addition services. African Medallion Group (AMG) — a leading SA firm that has positioned itself as a complete gold trading firm — has tabled the proposal before the Zimbabwean government. If approved, the…

HARARE – Zimbabwe’s cumulative milk output for the first half of the year stood at 34,77 million litres, surpassing the previous year’s performance of 31,19 million litres by 11,5 percent, the central bank has said. Highlighting that a total of 17,76 million litres of milk were produced in the second quarter of 2018 — a…

HARARE – Zimbabwe’s cost of living marginally increased in September due to rising inflation, the consumer watchdog has said. This comes at a time when Cabinet has approved principles of the Consumer Protection Bill, which criminalises retailers and manufacturers who increase prices of goods and services without justification. The Consumer Council of Zimbabwe (CCZ) yesterday…

HARARE – The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) will host a two-day Capital Raising Conference at Cresta Lodge, Harare which will kick off tomorrow. Industry and Commerce minister Nqobizitha Mangaliso Ndlovu will deliver the keynote address at the conference, to be held in partnership with African Export and Import Bank (Afreximbank),…