Results just released by Old Mutual Limited, South Africa’s number two insurer and the holding company of Old Mutual Zimbabwe, show the impact of Zimbabwe’s currency reforms on the accounts of companies operating in the country.
KWEKWE - Portnex has shut down its Zimasco ferrochrome plant in Kwekwe after prices of the alloy fell to four-year lows on weak demand caused by the coronavirus outbreak. The closure places at risk hundreds...
Nhimbe Fresh, the fresh produce exporter, will start work on a 1.9MW solar power facility after South African energy start-up Sun Exchange raised US$1.4 million in a crowd sale that may be a model for similar projects.
Arden Capital, the JSE-listed private equity group that controls African Sun, is reassessing its investments after COVID-19 caused the lowest hotel occupancy rates ever. Arden, formerly known as Brainworks, says it is “currently reviewing...
Just as some players in Zimbabwe’s tourism industry were starting to get a cheer from small signs of recovery, the new omicron variant and tough government measures on travelers have sent them back into “distress”.
The Indian diamond hub of Surat, where 90% of the gems sold globally are cut and polished, plans to set up direct links with Zimbabwe to access the country’s “cheaper” and high quality diamonds. 
RioZim says gold output for the half year to June fell 8%, as the company lost production time to power cuts and felt the impact of rising costs. Local procurement costs have risen as market...
The Reserve Bank of Zimbabwe is failing to ship in enough foreign currency to pay for gold purchases, a miners’ group says.  Fidelity Printers & Refiners (FPR), the central bank unit which is the...
Bravura Holdings, owned by Nigerian billionaire Benedict Peters, says it has raised US$1 billion to develop a new platinum mine at the Serui concession, where it has begun work to quantify the resource. The company has set an ambitious target...
JSE-listed multinational construction company Murray & Roberts (M&R) is adding Zimbabwe’s new Darwendale platinum mine among R84 billion worth of contracts that it hopes to wrap up this year. The mine, run by Great...
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