HARARE – Fidelity Printers and Refiners (FPR) has managed to ramp up its gold production at the back of support from agents, including Suzan General Trading (Suzan), documents show. This also comes as the country’s yellow metal output – for the first seven months to July – has risen to nearly 21 tonnes and the…
HARARE – Zimbabwe is expected to experience rising income levels in the near future leading to a rise in consumer spending due to a rebound in the economy, a local equities research firm has said. In its Consumer Sector report for 2018, IH Securities (IH) said while Zimbabwe’s GDP per capita remained well below peer…
HARARE – Local lobby group Buy Zimbabwe is calling on the new administration to focus on the country’s economic turnaround by addressing the huge import bill, the three tier pricing system and putting into effect the local content policy. “Now that the elections have come and gone, it’s time for business, not as usual. Buy…
HARARE – South African cement producer, PPC’s local unit says imports remained low for the year ended March 31, 2018 while exports improved slightly after a strategic initiative to generate foreign currency to support operations. The group, yesterday, said liquidity issues could offset the benefit of its performance as no dividends can be repatriated to…
HARARE – The Zimbabwe Stock Exchange (ZSE)’s weekly slide extended into the post-election period in the wake of violent demonstrations that rocked the capital, Harare, as results of the elections were being published, a local equities firm has said. The elections, whose outcome saw the ruling Zanu PF party retain the majority in Parliament, coupled…
HARARE – According to Prelea, Eureka has seen over $30 million in investment since the late 1990s, and he wants to start production as soon as possible, telling Proactive the mine could be producing “in six months, if not in 12”. Aside from metals, Vast is also dipping its toe into the diamonds sector, teaming…
HARARE – The Zimbabwe Tourism Authority (ZTA) is battling to forestall a potentially crippling crisis to the $1 billion industry following a bloody finale to a hard fought poll last week. Arrivals returned to the 2,4 million level last year, which was last achieved in 1999 riding on a peaceful environment in the months up…
HARARE – Former Zimbabwe Consolidated Diamond Company (ZCDC) chief executive Mark Mabhudhu has bounced back into the mining sector after he was appointed a director at Vast Resources’ local unit. Mabhudhu’s appointment was in line with the company’s updated strategy to increase its footprint in Zimbabwe, seeking new opportunities and re-vitalising historic claims, the company…
HARARE – Government is seriously considering a request by the Institute of Chartered Accountants of Zimbabwe (Icaz) to have its members considered for appointment on different boards of State-owned enterprises. Newly-appointed Icaz president, Tapiwa Chizana recently made the request, assuring government of the institute’s commitment to contribute to the country’s economic recovery while stressing the…
HARARE – As Zimbabwe awaited news of President Emmerson Mnangagwa’s poll victory on Thursday, the Zimbabwe Stock Exchange (ZSE) further tumbled with the primary All Share and Industrial Indices shedding an identical 0,21 percent. At the close of Thursday’s session, The primary All Share and the Industrial Indices closed at 114,08 points and 383,40 points…
