BUSINESS NEWS

Govt complicit in Penhalonga's environmental collapse

The Ministry of Mines and Mining Development is under fire after endorsing the continued operations of Betterbrands Mining at Redwing Mine, despite a 2022 Supreme Court ruling declaring the company's ...

By Staff reporter | Published: 26 October 2025

BUSINESS NEWS

No bank at risk of collapse in Zimbabwe

The Bankers Association of Zimbabwe (BAZ) has sought to calm rising public concerns over potential bank collapses, asserting that the country's banking sector remains "safe and sound" and insulated f...

By Staff reporter | Published: 17 October 2025

BUSINESS NEWS

Gold mafia scandal case 'could collapse SA banks'

A landmark R4.8 billion lawsuit filed by the South African Revenue Service (Sars) against Sasfin Bank could expose financial institutions to "limitless liability" for their clients' misconduct, the b...

By Staff reporter | Published: 11 October 2025

BUSINESS NEWS

4 miners die in Mazowe Mine shaft collapse

Four artisanal miners lost their lives after a mine shaft collapsed at Mamini area, Umsasa Farm, Mazowe, on September 28.Zimbabwe Republic Police (ZRP) national spokesperson Commissioner Paul Nyathi ...

By Staff reporter | Published: 02 October 2025

BUSINESS NEWS

Harare residents decry collapse in service delivery

Service delivery in Harare has plunged to alarming levels, with residents citing erratic water supplies, collapsing roads, irregular refuse collection and unreliable electricity as part of a worsenin...

By Staff reporter | Published: 02 October 2025

BUSINESS NEWS

5 miners trapped in Zimbabwe shaft collapse

Five artisanal miners are feared trapped underground after a shaft collapsed at Mamini, Umsasa Farm in Mazowe on Sunday.The Zimbabwe Republic Police (ZRP) confirmed the accident, saying rescue operat...

By Staff reporter | Published: 30 September 2025

BUSINESS NEWS

4 artisanal miners die in mine collapse

Four artisanal miners died last Thursday after a disused shaft collapsed at Chengxi Gold Mine in Shurugwi, police confirmed on Wednesday."The ZRP confirms a mine accident which occurred at Chengxi Go...

By Staff reporter | Published: 11 September 2025

AFRICA NEWS

'ANC of Ramaphosa on the verge of collapse'

Embattled ANC NEC member Senzo Mchunu has warned that the ANC is on the verge of collapse, saying a serious intervention is needed to save it.Speaking at Machobeni in Ngwavuma in northern KwaZulu-Nata...

By Staff reporter | Published: 17 August 2025

MINING & RETAIL

3 killed in mine shaft collapse

THREE artisanal miners lost their lives and two others were seriously injured when a mine shaft collapsed in the Mandindi area near Sino Cement on Wednesday, local authorities confirmed.Gweru distric...

By Staff reporter | Published: 16 August 2025

BUSINESS NEWS

Manyere, Nyengedza at centre of SA company collapse

Two prominent Zimbabwean businessmen, George Manyere and Godwin Nyengedza, are at the heart of the dramatic collapse of Afristrat Investment Holdings - a South African financial services firm formerly...

By Staff reporter | Published: 04 August 2025

FINANCIAL SERVICES

Fresh details on collapsed US$2,5bn CBZ bid emerge

An ambitious plan by CBZ Holdings to create Zimbabwe's largest financial services powerhouse has collapsed after the Competition and Tariff Commission (CTC) imposed a series of restrictive conditions ...

By Staff reporter | Published: 20 June 2025

BUSINESS NEWS

Chaos in Beitbridge after system collapse

SCORES of travellers between South Africa and Zimbabwe were stranded at Beitbridge yesterday when a systems failure hit the South African immigration office affecting biometric processing of arrivals ...

By Staff reporter | Published: 09 June 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 24 April 2019

BUSINESS NEWS

Zimbabwe companies to collapse in 30 days

MANY manufacturers could be forced to halt operations if government fails to arrest the crippling currency crisis within the next 10 days as most companies are left with less than a month's stock of r...

By Staff reporter | Published: 11 January 2019

MINING & RETAIL

Miners feared dead in mine shaft collapse

Some artisanal miners are feared dead after a mine shaft they were working in in Shurugwi collapsed at the weekend. The incident occurred on Saturday afternoon at Wonderer Mine, one of the oldest mine...

By staff reporter | Published: 01 January 2019

POLITICS

Mnangagwa, Chamisa talks collapse

Frantic efforts to get President Emmerson Mnangagwa and MDC Alliance leader Nelson Chamisa, to iron out their differences through face-to-face discussions have collapsed with the 75-year old Zanu-PF l...

By Staff reporter | Published: 22 July 2018

Zim's coffee sector collapses

GOVERNMENT is working on a plan to rebuild the coffee sector after output plummeted from almost 15 000 metric tonnes (mt) in 1989 to less than 200 mt in the past few years.According to a paper titled ...

By Staff reporter | Published: 05 July 2018

POLITICS

Dabengwa regrets collapse of coalition talks

ZAPU leader Dumiso Dabengwa has said he regrets the failure by opposition to form a grand coalition to block what he fears will herald political militarisation should the ruling Zanu-PF win the July 3...

By Staff reporter | Published: 05 July 2018

POLITICS

Chatunga's butchery business collapses

Former president Robert Mugabe's son, Chatunga Bellarmine, is set to lose property after failing to pay rentals for his butchery in Chitungwiza.A writ of execution has since been issued for the attach...

By Staff reporter | Published: 29 June 2018

POLITICS

Khupe's Matebeleland coalition pact collapses

TALKS among five opposition political parties based in Matabeleland region to form a regional pact ahead of this year's general elections have reportedly collapsed as the leaders could not agree on a ...

By Staff reporter | Published: 11 May 2018

POLITICS

Grace Mugabe's plan to sink Mnangagwa collapses

THE apparent plan by former leader Robert Mugabe and his wife Grace to sink President Emmerson Mnangagwa's election bid in this year's keenly-anticipated national polls is effectively dead in the wate...

By Staff reporter | Published: 09 May 2018

MINING & RETAIL

ZimAlloys $100m investment deal collapses

GWERU-based giant ferrochrome producer, Zimbabwe Alloys, judicial managers - Grant Thornton International - has terminated a $100 million investment deal which the chrome smelting company entered with...

By Staff reporter | Published: 06 May 2018

BUSINESS NEWS

$100m Pomona deal collapses

Harare City Council's $100 million deal for the construction of a waste management plant at Pomona Dumpsite has collapsed after the tender expired. The then State Procurement Board was supposed to adj...

By Staff reporter | Published: 26 April 2018

BUSINESS NEWS

BCC loses $1 million in collapsed banks

THE Bulawayo City Council (BCC) has reportedly lost more than $1 million invested in financial institutions that have collapsed due to mismanagement and economic problems affecting the country.Accordi...

By Staff reporter | Published: 05 April 2018
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