Stories

Workers in the diamond sector are opposing the proposal by government to merge all diamond mining companies in the country claiming they were not consulted and that they have outstanding wage and labour issues that need to be resolved before the merger.

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Listed building materials producer Turnall Holdings sales, revenue and profits are ahead of last year but needs more than $5 million to recapitalise, managing director Caleb Musodza said on Friday.

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Caledonia Mining Corporation says gold production at its Blanket Mine near Gwanda dropped four percent on a quarterly basis to 9 960 ounces in the first quarter to March 31 but still expects to meet its annual target of 42 000oz on improved second half performance.

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Power generation at Harare Power Station will double from 30 Megawatts to 60 MW by the end of this month on expected completion of the repairs to one of its turbo alternators, an official has said.

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The number of Bulawayo companies exhibiting at the Zimbabwe International Trade Fair (ZITF) has dropped by 35 percent this year, reflecting the struggling local economy, general manager Noma Ndlovu has said.

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The country’s sole fixed telecommunications firm, TelOne has launched a new metro wi-fi internet service which is ’90 percent cheaper than market prices’, an official said.

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The litany of charges levelled against former Zimbabwe African National Union-Patriotic Front Vice- President Joice Mujuru when she was expelled from the party read like sour grapes. If she was so mischievous and insubordinate for a decade why did the party keep her for so long, most people are bound to ask?

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Over 110 households are set to benefit from Himalaya, a 100kW  micro hydro power plant commissioned in Marange District which could point the way towards energy self reliance for Zimbabwe.

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Hospitality and retail group Meikles Limited, which claims it is owed $90 million in debt and interest by the central bank yesterday blamed the Zimbabwe Stock Exchange, an unnamed lawmaker and other detractors for the delay in the repayment of the debt.

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Zimbabwe’s acting President Emmerson Mnangagwa today launched a national code of corporate governance for both the private and state owned enterprises pending enactment of a new Companies Act.

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