The Insider

Bindura Nickel Corporation says it will keep its Shangani Mine under care and maintenance due to high restart costs and weakening commodity prices as the group focuses on raising $26 million to restart its base metal smelting complex and other projects.

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Air Zimbabwe’s small aircraft fleet might have an average age of 22 years but is considered young in terms of its use and the national carrier plans to expend it before considering renewing it, the chief executive officer said today.

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Beverage maker Delta Corporation says second quarter lager beer volumes fell 29 percent below the same period last year, pushing half-year revenue 4 percent lower and reflecting weakening consumer demand as the economy remains depressed.

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A total of 4 172 people lost jobs between January and September, confirming a worsening economic crisis that has seen several businesses shutting down, the Zimbabwe Congress of Trade Unions (ZCTU) has said.

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Court refuses to free “Baba Jukwa” brothers- Harare magistrate Milton Serima yesterday turned down an application by Sunday Mail editor Edmund Kudzayi and his brother Philip for refusal further remand. The Kudzayi brothers are charged with plotting to overthrow the government through their facebook page but had applied that they should not be remanded further arguing that their trial should have started.  This was after the court was told that the investigations officer Crispen Makedenge had gone to the United States to meet Google and Facebook officials to help him with the case. Serima remanded the two to 14 November saying they should be patient- .  “It would not be in the interest of justice to grant the application. Considering the complex nature of the offence, State should be given enough time to finish their territorial investigations. The accused persons need to be patient and wait for Assistant Commissioner Makedenge’s investigations. Even without producing any proof to show that Assistant Comm Makedenge left for USA, I would not want to think that the State misrepresented facts. However, parties will be guided by the investigating officer’s findings.”

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Movement for Democratic Change leader Morgan Tsvangirai seems to have a lot of support according to readers’ comments on The Insider facebook page. Reacting to a story that four opposition parties had formed a coalition to be known as the Coalition of Democrats, the readers said the coalition would get nowhere without Tsvangirai. Only a few welcomed Tsvangirai’s exclusion saying he was too dictatorial and would never step down if he got into power.

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Zimbabwe’s property sector is reeling from the marked slow-down in economic activity over the past year, with defaults on rentals and declining occupancy levels resulting in diminishing revenues.

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What is Grace Mugabe up to? She has got everyone guessing by stepping out of her role as a shopaholic and dairy-farming First Lady to start carving a political career for herself.

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