Caledonia Mining has downgraded its guidance on annual production at Blanket Mine to account for lower-than-expected grade and unreliable power supply.  Production guidance for 2019 has been cut to between 50,000 and 53,000 ounces, down from...
In just over a month since Zimbabwe dropped the multicurrency system, investors on the Zimbabwe Stock Exchange have lost over US$2 billion, and brokers say the market is now at its lowest value since 2009.
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...
Zimbabwe’s central bank on Wednesday sought to raise 30 million Zimbabwe dollars ($3.27 million) at its first public auction of treasury bills since 2012. Between 2013 and last year, the government held private auctions for banks...
Following the end of dollarisation last month and the inevitable confusion that ensued, the Reserve Bank of Zimbabwe (RBZ) has today, July 24, issued its second exchange control circular to clarify certain aspects of the new regime,...
Reserve Bank of Zimbabwe has carried out its first public Treasury Bill (TB) auction in years, hoping to gauge appetite for the paper while preparing to issue a long-term infrastructure bond. Ncube announced...
Few things fill a Zimbabwean with fear and dread more than the word "Zimdollar". So, it was no surprise when news that Zimbabwe had declared the RTGS the sole local currency, one more step in the country’s...
The International Monetary Fund (IMF) has just released a report on Zimbabwe. In the report, the IMF acknowledges the commitment by President Emmerson Mnangagwa’s government to stabilise Zimbabwe’s economy. The Fund...
Exporters are holding on to more than US$1 billion, amid biting foreign currency shortages in the country, Finance Ministry permanent secretary George Guvamatanga revealed on Tuesday, but government hopes the central bank’s intervention on the forex market...
Finance Minister Mthuli Ncube’s statement to Parliament on Wednesday was short on details of how government intends to tackle the multiple crises buffeting the economy. He, however, presented new budget and GDP figures, following...
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