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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

BUSINESS NEWS

Zimra sweats over tax defaulters

THE Zimbabwe Revenue Authority (Zimra) is sweating over the fiscalisation of companies after it emerged that some entities have not connected the recording of their taxable transactions on the fiscal ...

By Staff reporter | Published: 27 September 2019

POLITICS

Mangudya summoned to court

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya was yesterday summoned by a Harare magistrate Lazini Ncube to testify in a matter where Kwekwe businessman Shepherd Tundiya is facing charges of d...

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

POLITICS

Grace kicks out Zvimba chiefs from Mugabe mansion

TRADITIONAL leaders from Zvimba were on Friday reportedly kicked out of the late former President Robert Mugabe's Blue Roof mansion by the ex-leader's widow Grace as the feud over the final resting pl...

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

EDUCATION

Zimbabwe School of Mines boss fired

Zimbabwe School of Mines chief executive officer Dzingirai Tusai has been fired.The ZSM board, which sent Tusai on forced leave in May last year to pave way for investigations into corruption allegati...

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

ZIMBABWE

Govt vows to close forex loopholes

Government will continue to monitor the architecture of the country's financial system to close all loopholes that unscrupulous dealers could use to manipulate the exchange rate, Finance and Economic ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Matebeleland region to receive normal rainfall

MATEBELELAND region will experience normal to below normal rainfall in the first and second period of the rainy season, the Meteorological Department said yesterday.Climate change has resulted in weat...

By Staff reporter | Published: 27 September 2019

POLITICS

MDC Midlands frets over partisan food distribution

MDC Midlands province has raised the red flag over alleged politicisation of food aid in parts of Gokwe district where villagers are facing drought-induced hunger.Government, in conjunction with some ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zambian arrested for smuggling emeralds

A 33-year-old man from Lusaka, Zambia, has appeared at the Zvishavane Magistrates' Court for smuggling emeralds from Mberengwa.Harrison Kazhoka of Kaunda Square, Lusaka, is facing charges of illegal p...

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

POLITICS

Anti-graft prosecutor calls for stiffer penalties

Presidential anti-corruption special prosecution unit head Tabani Mpofu has called for stiffer penalties on people convicted of graft in order to effectively deal with the scourge, which he said is co...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Govt tightens screws on bread prices

The government has tightened its monitoring mechanisms on subsidised bread-making flour to millers and bakers to avoid unjustified bread price increases.This comes after several reports of some "baker...

By Staff reporter | Published: 27 September 2019
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