Zimbabwe’s mining executives are pessimistic about 2024, concerned over low mineral prices, power supply, and access to capital, according to a new survey.
Each year, the Chamber of Mines comes up with a Mining...
OK Zimbabwe says its sales volumes have now fallen below “break-even” point, hit by rising costs and an exchange rate regime that has driven shoppers from its stores.
Sales volumes fell by 21.6% in...
The drop in global platinum prices is forcing Impala Platinum to cut planned spending across its business, including at Zimplats, and this will hurt local suppliers and the economy.
Platinum prices are down 15%...
On the same day that Edgars announced that its CEO was stepping down, two smaller clothing stores that didn’t exist in Edgars’ prime were busy fighting a social media war – selling suits for US$25.
If you are struggling to find some of your favourite brands on supermarket shelves, it is because Distributed Group Africa, one of the largest distributors of consumer goods in Zimbabwe, has stopped supplying formal retailers because they...
With the current multicurrency regime set to legally end in 2025, banks are reluctant to lend long term due to uncertainty. In their latest note to investors, Imara Asset Management CEO John Legat and Shelton Sibanda, Chief...
By Tendai Marima
For 12 days, Jane Mucheni and dozens of other women slept on the floor under a blue tent just outside Bay Horse Mine, a disused gold mine in Chegutu.
By Nyasha Chingono
Caledonia Mining Corp is exploring options to raise US$250 million needed to develop its Bilboes project into what could be Zimbabwe’s biggest gold mine.
The company, which also...
In which Chris Kabwato makes the link between kung-fu movies, Bruce Lee, and the lessons of mentorship from one of the leading lights of Zimbabwean arts and culture - the late Dr Angeline Kamba
Tharisa Plc says it will delay commissioning its US$391 million Karo mine in Zimbabwe until June 2025 due to low platinum prices, further signs that weak commodity prices and an uncertain global economic outlook will hurt Zimbabwe’s...
