News

Gold production at Mwana Africa’s Freda Rebecca was up by nine percent to 14 298 ounces for the full year to 31 December from 13 072oz during the same period in 2013, the chief executive Kalaa Mpinga has said.

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Information Minister Jonathan Moyo yesterday said Zimbabwe’s constitution was the supreme law of the land so there was no need to spend too much time talking about re-aligning laws to the new constitution as this took a very long time.

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Listed roofing and building materials producer, Turnall Holdings says it will increase production to over 80 percent of capacity this year after securing a contract worth more than $1 million from Masvingo Town Council.

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A local bank has said that the $5 to be paid to depositors who lost their money when the country abandoned its local currency five years ago as part of the demonetisation of the Zimbabwe dollar is fair, while the swap itself sends a clear welcome signal the government is committed to continue using foreign currencies.

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Information Minister Jonathan Moyo has entered into the spot fines debate arguing that police have the right to collect spot fines but former Education Minister David Coltart who is a lawyer says Moyo is wrong. He must admit it.

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The chrome sector is seriously considering importing power dedicated for its smelters as local tariffs are being charged at a premium, stifling the viability of the sector, mines minister Walter Chidhakwa has said.

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Black empowerment lobby group, Affirmative Action Group (AAG) yesterday told Parliament that government must reverse the acquisition of Redcliff steel maker, Ziscosteel by Essar Africa Holdings, arguing the economy would not gain any significant benefits from the deal in its current structure.

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