Stories

The future of Kamativi Tin Mine can only be bright because the price of tin which had plummeted to $3  000 a tonne when the mine closed down over 20 years ago is now $23 000 a tonne.

(467 VIEWS)

The Zimbabwe Banks and Allied Workers Union (ZIBAWU) has petitioned the Reserve Bank of Zimbabwe and Parliament to carry out an investigation into bank failures, alleging that some central bank officials were colluding with bank executives to whitewash delinquency in weak institutions.

(286 VIEWS)

Border Timbers Limited (BTL) has dragged government to an international land tribunal over a dispute involving several of its estates that were invaded by illegal settlers, an official has said.

(340 VIEWS)

Government intends to compensate farmers whose farms were compulsorily acquired under the land reform programme as the country seeks to restore confidence in the property sector and normalize ties with the international community, finance minister Patrick Chinamasa has said.

(279 VIEWS)

The Reserve Bank of Zimbabwe says it will freeze funds held by financial institutions, pension funds and investment funds on behalf of terrorist groups as it tightens screws on illicit financial movements.

(284 VIEWS)

The major shareholder of struggling Bulawayo-based textile firm Merlin and the judicial manager are fighting over control of the company which is struggling to attract new investors over a decade after surviving liquidation.

(344 VIEWS)

The Movement for Democratic Change led by Morgan Tsvangirai has slammed Information Minister Jonathan Moyo for trying to mislead the nation that President Robert Mugabe was within his rights to intimidate the judiciary not to handle the case of Didymus Mutasa and Rugare Gumbo who have taken the Zimbabwe African National Union-Patriotic Front to court over the December party congress.

(639 VIEWS)

Finance Minister Patrick Chinamasa is rightly worried. The public wage bill is too high, taking 92 percent of government revenue leaving only 8 percent for development.

(309 VIEWS)

The IMF says Zimbabwe has met all targets under its Staff Monitored Program (SMP) and has stepped up repayments to the World Bank, a  development seen clearing the path to debt rescheduling despite substantial economic difficulties.

(292 VIEWS)

The South African, one of the major trading currencies in Zimbabwe, fell to a new 13-year low today and was at one time trading at 12.13 to the United States dollar.

(385 VIEWS)