Delta Corporation says it owes foreign suppliers US$41 million, as surging demand continues to exert pressure on its forex needs. Delta’s products, especially carbonated soft drinks, have been in short supply and the situation worsened at the beginning of October...
Ex-Implats CE Brown to lead board Mines construction expected after Q1 2020 Commodities baron Kuda Tagwirei’s Landela Mining Ventures has emerged as the new joint venture partner in the Russian-led Darwendale...
SUGAR processor Star Africa Corporation’s successful debt restructure has helped the company attain a positive net asset value of $1 million in the 2018 financial year, from a net liability position of $41 million last year. A High Court-sanctioned reconstruction...
Australian lithium developer Prospect Resources has signed a memorandum of understanding with Uranium One, the Canada-based unit of Russia’s Rosatom, that could see the miner take up a stake in Prospect and buy over half of the...
By Fitch Solutions Key View: The election of Emmerson Mnangagwa as President of Zimbabwe presents growing upside risks to growth in the country's mining industry over the coming years. However, we are holding off on revising the country's production forecasts...
The Reserve Bank of Zimbabwe’s monetary policy committee (MPC) has left its main bank rate steady, saying monthly inflation was within “close range” of its year-end targets. However, the MPC says it will...
As the gold price touched all-time highs late August 2011, Zimbabwe’s government was not, as would be expected, doing all it could to ensure the country capitalised on the boom. Instead, the government was moving to cancel...
Delta Corporation recorded declines across its beverage lines, with soft drinks being the hardest hit, in a turbulent final quarter of its 2019 financial year. The company has struggled to source foreign currency for...
The Reserve Bank of Zimbabwe (RBZ) has processed claims for foreign currency-denominated legacy debt worth US$1.2bn, rejecting dodgy requests worth US$861 million, governor John Mangudya revealed on Monday. After ending dollarisation last year,...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
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