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
Glencore Joins Fight for Sherritt: Sanctions Crisis Puts Canadian Refinery at Centre of Control Battle
A consortium including Glencore has submitted a rival recapitalisation proposal for Sherritt International, opening a contest for control of a financially distressed Canadian nickel and cobalt company
11 hours agoZIDA's Investment Approvals Hit US$1.59 Billion With Mining and Manufacturing at 79.6%
Zimbabwe Investment Development Agency approved 86 mining licences worth US$768.5 million in the second quarter of 2026, an average approved ticket of US$8.9 million and the largest sectoral allocatio
Aug 06, 2026
