Search results for 'Gold Smuggling'
Zimbabwe
Gold Exports Plummets Amid Mounting Forex, Currency Crises

Zimbabwe's gold exports decreased from 23.6 kilograms in March to 20.8 kilograms in April according to the latest data released by ZIMSTAT. This marks a continued decline in gold's dominance as the co

May 30, 2024
Zimbabwe
Zimbabwe Zero Rates Gold Deliveries: Uncovering Incentives Behind the Policy Shift

The government has implemented a zero-rating policy for gold deliveries to Fidelity, the state-owned gold buying entity. This policy change comes after gold deliveries have been sustaining a downward

Jun 13, 2024
Companies
Is Caledonia Loosing Grip to Padenga?

Caledonia Mining Corporation, the second-largest gold producer in the country, has reported a 19% increase in gold output during the second quarter of 2024, reaching 588.9 kilograms. This performance

Jul 15, 2024
Companies
Auditor General's Report Exposes Widespread Parastatal Graft

Since attaining independence, one of the major problems Zimbabwe has been facing is corruption. The issue dates back to the Willowgate Car scandal in 1988, which implicated top government officials. T

Jul 15, 2024

Top Stories

Zimbabwe Ranked Worst Investment Country in Africa

South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass

5 hours ago

ZimAlloys Roars Back: Ferrochrome Production Resumes After 10 Years

Zimbabwe Alloys Limited (ZimAlloys) has resumed production years after shutting down its furnaces according to the compan’s Managing Director, Deric Dube. A registered company in Zimbabwe, ZimAlloys s

8 hours ago

ZiG Battles On: Edges 14 Mark per Dollar

The Zimbabwe Gold (ZiG) experienced a notable decline on September 13, 2024, trading closer to ZWG14 per US dollar, marking one of its worst performances to date. This follows a weekly loss, with the

Sep 13, 2024

Local Telecom Providers on Brink: Will They Survive Starlink's Arrival?

On 10 September 2024, Zimbabwe's telecommunications regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), announced the licensing of Starlink within the country. In

Sep 12, 2024

Pomona Commercial Centre Project Reaches Significant Milestone: 65% Complete

Mashonaland Holdings Limited, a leading property development company’s flagship Pomona Commercial Centre project is now 65% complete according to the company’s financial results for the six months to

Sep 12, 2024

Zimbabwe Introduces $5k Penalty for Telecoms with Subpar Network Quality

The government has implemented stringent penalties for network service providers, imposing fines of up to US$5,000 for poor-quality services. The country boasts a competitive telecommunications indus

Sep 09, 2024

Revitus REIT Sees Recovery in Short Term: Turnaround Story for New Entrants

Revitus Limited is expecting a recovery in occupancy and yield ratios specifically starting FY25 as the REIT’s refurbishment of Chester House (Harare) is at an advanced stage with final technical appr

Sep 09, 2024

CBZ Holdings’ Half-Year Profit Nearly Halves

CBZ Holdings experienced a significant contraction in net profitability during the half-year ended June 30, 2024, as total revenue income and tax liabilities escalated substantially. The group's prof

Sep 06, 2024