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Platinum Production to Drop 10%

Photo: Zimplats Mining underground platinum mining (file photo). Platinum production from Zimbabwe is estimated to drop 10 percent this year to 440 000 ounces as output normalises at the country’s largest operation, according to the World Platinum Council (WPC). In its first quarter report for 2017, the WPC said North …

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South Africa Transport Operators Block Border for 8 Hours

Photo: Faizel Slamang/GroundUp Beitbridge border crossing (file photo). By Thupeyo Muleya Beitbridge — Members of the South African transport operators temporarily blocked traffic going into that country via Beitbridge Border Post for six hours, accusing Zimbabwean cross border transporters of driving them out of business. There are over 400 Zimbabwean …

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City of Harare Should Support Urban Agric

Photo: The Financial Gazette Zimbabwe maize field (file photo). By Nobleman Runyanga Recently, a local weekly newspaper indicated that the City of Harare intended to charge maize seed companies for using open spaces in Harare as demonstration plots. The local authority’s contention seemed to be that the companies were marketing …

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Businessman On the Run

A Harare-based businessman, who is wanted by police over a fraud case involving close to $500 000 after he allegedly sold two properties belonging to a company in Kadoma, has since gone into hiding. Hussen Noor (38) cheated lawyers into selling two properties after producing fake documents. Criminal Investigations Department …

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Indian Investor to Inject U.S.$100 Million in Zimalloys

An Indian investor is set to inject $100 million into ferrochrome producer, ZimAlloys under an equity structure secured by judicial manager Grant Thornton and Camelsa. Well placed sources told The Herald Business that the company had secured an Indian investor who will inject $100 million towards recapitalisation and the refurbishment …

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Stop Order Facility for Command Agric Beneficiaries

By Elita Chikwati Government has urged farmers and institutions that grew maize under the special maize import substitution programme (Command Agriculture) to register for a stop order facility with the Grain Marketing Board (GMB). Those caught side-marketing their produce will be blocked from participating in similar programmes. The stop order …

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Undenge Hails Zesa for Improved Service

By Tatenda Charamba The Zimbabwe Electricity Supply Authority (ZESA) has been hailed for ensuring improved service delivery through effective risk management. This was said by Minister of Energy and Power Development Dr Samuel Undenge during the power utility’s annual risk management awards ceremony, which ran under the theme: “Rewarding risk …

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Zaha, Liquidator On Collision Course

Lawyers representing Zimbabwe Amalgamated Housing Association (Zaha) have written to the Master of the High Court asking him to cause the liquidator of Allied Bank to hold the overdue second meeting of creditors within 14 days. The lawyers, Mugiya and Macharaga Law Chambers, said Zaha, which has more than $1,4 …

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Chamisa clearly ill-informed

Opposition MDC-T deputy president, Nelson Chamisa’s calls for compulsory voting for every citizen above the age of 18 and penalising those that do not exercise their right to vote is outrageous, shocking and despicable, to say the least. Comment: NewsDay Editor Nelson Chamisa, According to the Zimbabwe Electoral Commission (Zec) …

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CBZ Bank set to increase custodial transaction fees

The country’s leading bank by deposits, CBZ Bank Limited is set to increase custodial transaction fees on retail clients next month. BY BUSINESS REPORTER In a May 8, 2017 letter to stockbrokers, CBZ said effective June 1, it would separate corporates from individuals on transaction charges. Before the new changes, …

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