News

AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Brands, RioZim, Caledonia, Pan Africa Mining, Zimbabwe Miners Federation (ZMF) and Yellow Credit are the prospective new private shareholders at the country’s once sole gold […]

A currency dispute between an independent power producer and power utility ZESA shows how regulatory hurdles continue to dim prospects for private energy investment in Zimbabwe. ZESA is awaiting the outcome of international arbitration in a currency dispute with one of the country’s first private power producers, a case that’s holding up other investments. Nyangani […]

THE National Railways of Zimbabwe (NRZ) has expressed concern over a surge in illegal mining activities along railway tracks throughout the country saying the activities were now posing a serious risk to rail traffic. NRZ acting public relations manager Martin Banda told Southern Eye yesterday that over 24 dams have been created by illegal artisanal […]

Padenga’s decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance Minister Mthuli Ncube’s incentive scheme, but the country’s biggest broker says it deprived local investors of a good stock and may lead an exodus from the Zimbabwe Stock Exchange (ZSE). The company became only the […]

A CHINESE employer, He Chisheng Mike of Yakuts Investment in Matopo, Matabeleland South province, is accused of strangling his employee before dismissing him from work. Some of the workers told Southern Eye that they were terrified by the incident. They said Mike ran amok vandalising property before strangling Charles Muswaka. Muswaka said he reported the […]