Stories

Workers at struggling National Railways of Zimbabwe (NRZ) have downed tools in protest at going for nine months without salaries, but officials say there is no money to pay them.

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Production from indicated and measured mineral resources at Blanket Mine in Gwanda is seen tapering off by nearly 86 percent to 6 000 ounces by 2021, but inferred resources are expected to rise significantly over the same period.

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Zimbabwean President Robert Mugabe’s greatest strength and the main reason why he has survived so long is that he really doesn’t care what his enemies think of him, says journalist Neil Clark in an article published by RT.

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Bikita West legislator Munyaradzi Kereke today accused Meikles Limited of overstating the debt it is owed by the Reserve Bank with the intention of manipulating its price on the stock market.

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The Jesuit Province of Zimbabwe (JPZ) is planning a mixed residential project 25 kilometers northeast of Harare over 5 670 hectares estimated to cost up to $96 million, an official has said.

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Financial institutions whose foreign currency accounts were raided by the central bank as it funded government operations at the height of the country’s hyperinflationary phase will be accorded protection against litigation from depositors, finance minister Patrick Chinamasa said today.

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The Movement for Democratic Change-Tsvangirai faction has expressed concern at the sentiments by Local Government Minister Ignatius Chombo that local authorities should curb the activities of the informal sector because it is the one currently sustaining the economy.

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Zimbabwe African National Union-Patriotic Front chairpersons must not be involved in the distribution of inputs under the Presidential Inputs Scheme, the Deputy Minister of Agriculture Paddy Zhanda told Parliament last week. The inputs must be distributed through the District Administrator and Agritex officers.

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The world’s second biggest platinum producer Impala Platinum has denied that it is exporting raw concentrate and says it must not be exposed to a 15 percent export levy which was supposed to come into effect at the beginning of the year.

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The world has made enormous progress in recent decades in the fight against poverty. But, as 2015 begins, one billion people – one in seven – still live on less than $1.25 a day.

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