Business

HARARE – Chegutu-based gold producer, Pickstone-Peerless Gold Mine’s first quarter output was significantly affected by the extensive rains that hit the country, as production was stabilised by low-grade stockpiles. Ore milled was down almost 6 percent to 51 102 tonnes compared to 54 237 tonnes milled in the prior comparable period. …

ECONET Wireless’ mobile payment platform, EcoCash, has partnered with Central Africa Building Society, for a unique point of sale integration solution aimed at enhancing customer banking and merchant services. Econet expects the partnership to cement the growing electronic payments system.  The point of sale integration solution allows EcoCash users to …

HARARE – Flue cured tobacco prices have declined by two percent from an average price of $2, 82 per kilogram at the beginning of the marketing season to $2, 76 per kg presently. The highest price is now pegged at $6 per kg, which is a 4 percent decline from …

HARARE, May 3 (The Source) – Zimbabwe’s central bank says the country has reduced its foreign payments backlog by more than 50 percent to $185 million, largely due to forex flows from ongoing tobacco sales and improved dollar deposits. Businesses, especially manufacturers and mines, have been struggling to make foreign …

HARARE, May 3 (The Source) – Zimbabwe’s central bank is offering a 5 percent reward to whistleblowers reporting on individuals, traders and firms hoarding, selling or illicitly funneling cash out of the country, governor John Mangudya announced on Wednesday. The southern African country, which adopted the use of foreign currencies …

HARARE, May 3 (The Source) – RioZim’s three gold mines are producing about 137 kilogrammes of the precious metal monthly — 59 percent of capacity — officials said on Wednesday, highlighting the urgent need for fresh investment to ramp up output. RioZim, a Zimbabwe-listed entity spun off global giant Rio …

Photo: The Herald President Robert Mugabe (file photo). President Robert Mugabe arrived late on Tuesday in Durban to attend the 27th World Economic Forum for Africa – just as Zimbabwe’s economic crisis intensifies. The 93-year-old president was seen off from Harare earlier in the day by both of his vice …

Photo: The Herald First Lady Grace Mugabe (file photo). FIRST Lady Grace Mugabe says she is having sleepless nights fielding phone calls from exiled Zimbabweans now desperate for land after running away from country at the height of her husband’s farm grabs. President Robert Mugabe’s controversial land reforms are said …

Harvesting thatching grass decreases the viciousness of veld fires by reducing the fuel load Veld fires have been a characteristic annual catastrophe in the past decade destroying over a million hectares annually.The 2016 fire season recorded 1 652 incidences which resulted in the destruction of 1 197 335,52 hectares of …

Wheat is an important cereal in Zimbabwe’s food basket John Basera and Tegwe Soko Wheat is the second most important cereal after maize in the food security basket in Zimbabwe. The ease with which flour assists in the baking of various products such as bread, buns and cakes has made …