Search results for 'Job Losses'
Zimbabwe
Triangle Limited Embarks on Mass Retrenchment as Government Policies Suffocate Formal Sector
Triangle Limited, a leading sugar manufacturer in Zimbabwe, has embarked on a strategic phased retrenchment initiative aimed at alleviating rising operational expenditures and reinstating profitabilit
Jan 15, 2025
Companies
Painful Pruning: CBZ Slashes Workforce to Stay Afloat, Leave Hundreds Jobless
CBZ Holdings, Zimbabwe's leading financial institution by deposit base and asset portfolio, has initiated a workforce optimisation strategy, resulting in the retrenchment of 347 employees. This decis
Feb 03, 2025
South Africa
Venetia Mine Halted: De Beers Stops Mining at South Africa’s Largest Diamond Operation
De Beers is set to pause production for two years at Venetia, South Africa’s largest diamond mine, after prolonged weakness in rough diamond prices reduced the commercial value of extracting additiona
Jul 14, 2026
Top Stories
GetBucks Joins Four Other Capitalized Deposit-Taking Microfinance Institutions as Sector Strengthens
The first half of 2026 therefore presents a mixed but improving picture. On one side, GetBucks has successfully crossed the US$5 million capital threshold, increasing the number of adequately capitali
20 hours agoZimbabwe’s Digital Payment Economy Expands as Mobile Money and Debit Cards Rise, while POS Stalls
That combination suggests that Zimbabwe's financial system is not simply becoming larger. It is becoming more digital. The real test in the second half of 2026 will be whether this expanding infrastru
21 hours ago
