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...
Government will wait for the conclusion of an investigation into the Zimbabwe Stock Exchange (ZSE) before allowing it to reopen, and this may take up to two weeks, Finance Minister Mthuli Ncube said Monday.
The stock market halted trade on...
Trade on the Zimbabwe Stock Exchange (ZSE) has been halted for weeks, after government ordered a halt to investigate what it said are illegal activities undermining the currency. The ruling ZANU PF party has also recommended the delisting of...
Finance Minister Mthuli Ncube has predicted Zimbabwe's economy to slow down by 4.5%, but held back from asking for more money in his mid-term review statement Thursday.
His forecast means he believes the economy will do worse than the 3%...
Zimbabwe’s former majority shareholders in Botswana-based multinational grocery and general merchandiser, Choppies Enterprises, are suing politician and lawyer Welshman Ncube, for allegedly withholding cash they received when a shareholding dispute was settled.
When Choppies Enterprises, which is chaired by former...
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...
The economic sustainability of South Africa’s cross-border feeder towns to neighbouring Zimbabwe has taken a massive beating during the Covid-19 coronavirus lockdown.
In Musina, which is located about 15km from the Beitbridge border gate that separates Zimbabwe and South Africa,...
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...
Cement maker Pretoria Portland Cement (PPC) Zimbabwe says it has secured a partner to build and operate a 32MW solar park to power up two of its plants.
The photovoltaic (PV) project will be sited at PPC’s clinker factory in...
