Econet Wireless has filed an urgent chamber application to stop a search warrant issued against the company, saying it is an illegal violation of the privacy of its customers.
The actions against Econet are part of a plan to destroy...
Finance Minister Mthuli Ncube had planned to sell all or part of 35 state enterprises by December this year. But, almost two years after he announced his plan, many of the transactions are still stalled at the starting line because...
What did Patrick Chinamasa mean when he said ZANU PF had endorsed a decision to “eject Old Mutual from the financial system"? Nobody knows. Not even Old Mutual itself.
In a statement on Sunday, Old Mutual said it was “seeking...
Zimbabwe’s biggest gold mines are being snapped up by Mauritius-based Sotic International Ltd. as the price of bullion soars to the highest in more than eight years.
Sotic International says it is targeting six more mines after its arm, Landela...
Caledonia Mining says second-quarter gold production from its Blanket Mine was 6.2% up on the same period last year, while half-year output was 12.5% better than this time last year.
Blanket, near Gwanda, produced 13,499 ounces of gold in...
Mzi Khumalo's Metallon has completed the sale of Shamva Mine to Kuda Tagwirei’s Landela Mining Ventures, while the sale of Mazowe Mine is expected shortly.
The transaction represents a change of guard in the industry.
Metallon was once the country’s largest...
Prospect Resources says it will miss its deadline to reach a petalite offtake agreement with Belgium’s Sibelco, one of the world’s largest glass-ceramic manufacturers.
In April, the two companies signed an MoU to work on a possible offtake agreement for...
Caledonia Mining has declared a further increased quarterly dividend of US$0.085 a share as stable production, cost control and high gold prices increase cash generation.
The company operates the Banket gold mine near Gwanda.
The dividend is a 13% increase on...
Renewable energy firm Centragrid, which became only the second Zimbabwean company to feed solar energy into the national grid last year, plans to upgrade its Nyabira plant to 25 megawatts by October 2021.
The plant, built by China’s Sinohydro 35...
Investment holding company Contango on June 18 started trading on the London Stock Exchange after completing the acquisition of Consolidation Growth Holdings’ interest in the Lubu coalfield in Zimbabwe.
Contango now has a 70% interest in the Lubu project, which has...
