ZIMBABWE’S energy sector is grappling with significant challenges, notably rolling blackouts that leave citizens in the dark for up to 18 hours a day. Yet, the nation possesses largely untapped renewable energy potential, a paradox that the Zimbabwe Energy Regulatory Authority (ZERA) is determined to address. In an exclusive interview with our reporter, Almot Maqolo…
AN increasing number of young people in Shurugwi, 315 km south-west of Harare, are switching from farming to artisanal mining as a result of climate change, which has been linked…
FINANCIAL services group CBZ Holdings (CBZ)’s asset management division Datvest, expects to complete the Northgate housing project located 17 kilometres north of Harare central business district (CBD) in the next…
ANGLO American says platinum group metals (PGMs) output at its Zimbabwean unit, Unki Mine declined three percent to 117 500 ounces in the first six months of 2024 from 121 500 ounces in the comparable period last year. The Shurugwi-located mine produced 54 700 ounces in the second quarter 2024, marking a seven percent slump…
HOSPITALITY giant Rainbow Tourism Group (RTG) has plans to expand its hotel portfolio across the country as it strategically positions itself for anticipated tourism growth. The ZSE-listed hotelier’s balance sheet is currently debt-free which puts it in a good position to attract investment. “We are looking at various options right now all over the country,…
Scores of households in Bertrams, Johannesburg, are being threatened with service cut-offs, but they have not been receiving municipal bills because of the City of Johannesburg’s faulty property records. The city’s allocated stand (erf) numbers do not coincide with those on the title deeds or with the street addresses of at least 22 properties, all…
ZIMBABWE’S dairy sector has seen a promising 20 percent increase in milk production in the first half of 2024, reaching 55,11 million litres, according to the Agriculture ministry’s Dairy Services Department. However, farmers are facing significant challenges due to extreme drought and El Niño conditions. “Dairy farmers have been quite resilient,” said Edward Warambwa, chairperson…
MASHONALAND Holdings (Mash Holdings) says it will set up a new office park along Borrowdale Road in Gunhill, Harare as part of its portfolio diversification strategy. Without divulging specifications with regards to the cost of the entire project and timelines for the commencement of construction, the ZSE-listed firm said it has already paid US$3 million…
THE Ministry of Mines is seeking to achieve a delicate balance between maintaining viable taxation for miners and promoting value addition and beneficiation in the sector, with a focus on 2025 and beyond. This comes as platinum group metals (PGMs), a significant contributor to the country’s mineral export revenues, face a major crisis due to…
FINANCE minister Mthuli Ncube should introduce more tax reforms and perk up the country’s ease of doing business climate in his pending mid-term fiscal policy statement to boost the economy. So recommend economic experts, who told The Financial Gazette — Zimbabwe’s number one business publication — this week that Ncube also needed to take further…
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