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posts on the corona epidermic

Mine is currently permitted to continue operations as it awaits exemptionExemption application is on the grounds that mine and its employees can be quarantined from surrounding areaCompany has capacity to withstand interruption to its production Harare - Gwanda-based gold miner, Blanket Mine has applied for exemption to...
Reduction in consumer demand anticipatedDisruptions to Group’s supply chain likely British American Tobacco Group anticipates a significant adverse material impact to its business if the coronavirus continues to affect key geographies or if the situation deteriorates for an extended period.  The Group said...
Suspension of import duty on mineral concentratesThis follows SA’s lockdown which will disrupt copper supplyZambia’s mining sector dipped by 12.3% in 2019 Harare - Zambia will suspend import duty on mineral concentrates and value added tax on imported spare parts to support the economy amid...
AFDB gives $3 billion debtWHO Director urges nations to implement aggressive measures to fight the coronavirus Harare - The African Development Bank has joined the wagon of public lenders inclusive of the World Bank, AFREXIM and International Monetary Fund in ramping up efforts to raise financing to...
RBZ has relaxed policy and now allows trade in foreign currencyA hard peg has been instituted and the consequences are dire for the economy We see the measures as a policy indication towards full redollarisationFailure to move completely to redollarisation will cause even more harm to the...
OMIR implied rate increased due to sharper JSE losses ZSE losses were deep but cut short The OMIR is expected to remain adverse in Zim’s disfavour The adverse movement in Old Mutual’s shares on the JSE...
Illegal occupants of mine’s houses to be relocatedArcturus mine Clinic set to reopenThe mine will be closed to visitors Harare - TN Gold-Arcturus Mine is set to go on lockdown from the 27th of March 2020 so at ensure the safety of its occupants from coronavirus.
Move to take effect from 30 March 2020Skeletal staff to be on standbyBourse announced deferment of financial results publication period for HY/FY to 31 December 2019 Harare – The Zimbabwe Stock Exchange has announced the shortening of trading hours as part of measures to ensure the safety...
Production scale back to hit bottom lineMove in line with trends in the economy COVID-19 global spread, at its highest rate Listed publishers Zimpapers has said that it is scaling back production of some of its print publication due to the coronavirus outbreak. Zimpapers...