Just in

Xenophobia 2017:What Zimbabweans in SA need to know

SOUTH Africa: There are numerous indications that Gauteng is once again teetering on the precipice of xenophobic violence. Exhibit A: a flare-up of attacks on foreign-owned residences and businesses. Exhibit B: the registration of an explicitly xenophobic political party. Exhibit C: an anti-foreigner march planned for Friday. This is all …

Read More »

Beitbridge-Harare-Chirundu highway construction set to commence

HARARE–Dualisation and rehabilitation of the Beitbridge-Harare-Chirundu highway will commence in April this year, following the groundbreaking ceremony of the project which is expected early next month, a Cabinet Minister has said. Austrian firm Geiger International will dualise the Beitbridge-Harare segment at a cost of $984 million under a 25 year …

Read More »

New fuel import fees take effect

Harare  –  The National Oil and  Infrastructure Company (Noic) says it has reduced fees to transport oil through the Feruka pipeline with effect from January 1 this year, as it  seeks to increase utilisation of the facility. Noic announced last year that it intended to reduce the pipeline fees  from 8,05 US …

Read More »

$2, 5m for Giant Gold Mine, sulphide plant expansion

HARARE  –  Zimbabwe-focused diversified miner Vast Resources says it will spend $2, 5 million on the expansion of its sulphide plant as well as the development of the Giant Gold Mine. Vast’s flagship project in Zimbabwe is the Pickstone-Peerless Gold mine in Chegutu. It also holds interests in some explorations …

Read More »

BAT profit after tax slides 45pc

HARARE  –  Listed cigarette producer, BAT Zimbabwe’s profit-after-tax slid 45 percent to $8, 4 million in the year ended December 31, 2016 from $15, 4 million in the prior year. This depressed performance was on the back of weakening revenues due declining sales volumes. The group’s revenue declined by 25 percent to …

Read More »
error: Content is protected !!