VAST Resources (Vast) says the High Court of Zimbabwe has ordered the release of its 129 400 carats of rough diamonds, which have been in the custody of the Reserve Bank of Zimbabwe (RBZ) since 2010. In statement last week, the company said the court had granted a default order against the country’s Mines minister…
CFI Holdings says aggregate demand for its retail products during the year ended September 30, 2022, fell following a below-normal 2021/22 agriculture season. According to a financial statement for the period, the group is therefore expected to continue relying on imports of maize and soya for the next half-year of FY2023. “The erratic rains received…
ECOCASH Holdings Zimbabwe (Ecocash) says it is focusing on growing its US dollar-denominated mobile transactions in light of the increased use of the greenback in the country. The country is currently witnessing an increased use of the US dollar for formal transactions as more people opt for it due to its relative stability compared to…
THE price of Seed Co’s shares has more than doubled on the Zimbabwe Stock Exchange (ZSE) since the company announced plans to move to the Victoria Falls Stock Exchange (VFEX) a fortnight ago. On January 18, the seed processor urged caution in the trading of its shares, stating that its directors had approved the migration…
PLATINUM Group Metals (PGMs) output at the Shurugwi-based Unki mine increased 13 percent to 232 100 ounces in 2022 from 204 600 ounces in 2021, but fell in the fourth quarter, according to parent company Anglo American. The miner’s fourth quarter PGM production was down 17 percent at 52 600 ounces compared to 63 200…
AUSTRALIA-LISTED exploration and development company, Prospect Resources, says it has begun a phase two drilling programme at its Step Aside lithium project. The company is aiming for 2 000m of step-out drilling to test the lateral and vertical extents of the three largest observed pegmatites at the project. “While still early-stage, our objective at Step…
NATIONAL Building Society (NBS) says it will this year expand its branch network as it diversifies its portfolio of investments. Apart from the housing delivery mandate, NBS established a corporate banking unit in the second half of 2022, which attracted interest from corporates who sought to benefit from the bank’s corporate mortgage schemes. The bank…
HOSPITALITY group, Africa Albida Tourism (AAT), says it is optimistic about its destination occupancy levels as it has recovered up to 70 percent of the 2019 occupancy figures. General manager Anald Musonza told The Financial Gazette that the group’s occupancy rates are showing impressive improvement despite it being low season in the tourism sector. “For…
CONTANGO Holdings says its wash plant will be able to generate 20 000 tonnes of washed coking coal each month once it has been calibrated and is working effectively. The London-listed natural resource company is developing the Lubu Coking Coal Project in Hwange, Zimbabwe. In an update, the miner said the wash plant arrived on…
A fiscal tax invoice has always been known to be a document provided by a registered operator and central to the claiming of input tax. Not only does it act as evidence of the supply of goods or services, but is also an essential document for the recipient to claim input tax on their VAT…
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