Special mining lease tax rules

Simbarashe Hamudi ZIMBABWE’S tax framework for large-scale mining projects con­tains a highly specialised regime governing how income, deductions, taxable income and assessed losses are calculated for holders of special mining…

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Pfuma REIT completes Avondale acquisition

PFUMA Real Estate Investment Trust (Pfuma) has com­pleted the acquisition of a 1,203 square metre property at 36 Cork Road, Avondale, Harare, in a transaction settled through the issuance of 69,4 million additional units. The property, which is fully occupied by quick-service restaurants and casual dining businesses, was acquired with an effective date of August…

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Caledonia strikes gold at Motapa

CALEDONIA Mining Corporation has announced a maiden mineral resource estimate (MRE) of 510 000 ounces of gold at its Motapa asset in Zimbabwe, highlighting the potential to ex­pand its neighbouring Bilboes project. The MRE comprises 7,8 million tonnes of measured and indicated resources grading 1,51 grammes per tonne, containing 379 000 ounces, alongside 131 000…

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