HARARE – Air Zimbabwe (AirZim) has today resumed daily direct flights between Victoria Falls and Johannesburg as the national airline intensifies efforts to consolidate its market share. This comes as Zimbabwe is co-hosting United Nations World Tourism Organisation (UNWTO)’s 20th general assembly with Zambia in the resort town from August 24 to 29 and demand…
HARARE – A labour dispute has rocked the Zimbabwe Manpower Development Fund (Zimdef) after the parastatal defied a Supreme Court order to reinstate sacked employees with full salaries and benefits. Last week, the Court instructed Zimdef to reinstate its four managers, Tendai Tamanikwa (chief levy inspector), Frank Tinarwo (administration and procurement), Emmerson Pamire (human resources)…
HARARE – Diamond miner Marange Resources (Private) Limited (Marange) is planning exploration activities in Buhera and Chimanimani. The Zimbabwe Mining Development Corporation (ZMDC) wholly-owned subsidiary — whose principal operations are in Manicaland’s Marange fields — is also reportedly in talks with Mbada Diamonds to enhance their cooperation in exploration. Mark Mabhudhu, Marange’s chief operating officer…
HARARE – Zimbabwe Stock Exchange-listed Bindura Nickel Corporation (BNC)’s parent Mwana Africa plc (Mwana) says it has been compelled to, implement cost-cutting measures and revise its mining plans due to falling international commodity prices. This comes as some mining companies in Zimbabwe, including Toronto Stock Exchange-listed gold producer New Dawn Mining Corporation, have put expansion…
HARARE – Zimbabwe’s fuel prices increased marginally over the weekend by an average of $0,04 after going down by at least $0,10 in May. Petrol’s price, which had increased to as much as $1,60 per litre, following the hike of excise duty on the commodity in March, went down to an average of $1,48 per…
HARARE – United States-based Mabwe Mineral Incorporation (Mabwe)’s plans to mine barite and limestone in Zimbabwe are in jeopardy after a legal wrangle over the disposal of Dodge Mine. Peter Valentine, a director of Chiroswa Minerals (Chiroswa) — the original owners of Dodge Mine — accuses his partner John Groves of selling the Shamva-based mine…
HARARE – Belgian-based financial consultancy and investment firm deVere Group (deVere) plans to strengthen its foothold in Zimbabwe after cutting ties with Tetrad Investment Bank (Tetrad). Last week, the group, with an office in the capital Harare, announced it was seeking local financial advisors to manage its clientele in the country. deVere ? which in…
HARARE – Diamond miners Mbada and ?Marange Resources (Marange) are reportedly in talks to enhance their cooperation in exploration activities in the vast Marange fields. Although Mines permanent secretary Prince Mupazviriho and acting Zimbabwe Mining Development Corporation (ZMDC) chairperson Florence Gowora expressed ignorance over the issue, the development is expected to improve the companies’ mining…
HARARE – While the 2013 tobacco selling season officially ended on July 5 after 99 days of trading, contract sales continue to trickle in taking the funds realised by farmers to $598 million. Market watchers contend that the current season is one of the most successful tobacco seasons since the country embarked on the controversial…
HARARE – StarafricaCorporation Limited (Starafrica)’s shareholders have approved the group’s plan to dispose of its 33,3 percent stake in Tongaat Hulett (Tongaat) Botswana as part of strategies to raise capital. The financially troubled group will also off load its entire shareholding in transport subsidiary Blue Logistics with both transactions expected to rake in at least…
