Caledonia posts record quarterly gold haul

CALEDONIA Mining Corporation (Caledonia) gold production for the third quarter ended September 30, 2022 at its flagship bullion asset, Blanket Mine, rose 11 percent to 21 120 ounces from 18 965 ounces in the prior period. In a statement this week, Caledonia said gold produced in the nine months to September 30 was 59,726 ounces,…

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VFEX paves way for debt listings

THE Victoria Falls Stock Exchange (VFEX) has outlined guidelines for debt listings as it intensifies efforts to encourage participation. It also comes as the Treasury has said it plans to borrow as much as US$100 million this year through bonds on the VFEX to supplement the national budget. “The VFEX believes it is important for…

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Unifreight cost containment pays off

UNIFREIGHT Africa (Unifreight) says its cost containment approach had resulted in a 19 percent surge in volumes for the half year ended June 30, 2022. In a statement accompanying the transport and logistics solutions firm’s half year results, chairman Peter Annesley said the fundamentals were sound and the business is on a solid footing “We…

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January Disease vaccine roll-out nears

ZIMBABWE will start administering a locally-produced vaccine against the devastating livestock January Disease at the end of the next rainy season, a top government official has said. The country’s livestock production sector has been reeling from the disease whose scientific name is theileriosis and has claimed at least 500 000 cattle since 2015, according to…

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Uncertain tax climate irks Zimplats

ZIMPLATS Holdings (Zimplats) says the fiscal legislation in Zimbabwe is volatile, highly complex and subject to interpretation. In its 2022 annual financial statements issued last week, the platinum group metals producer said it has historically filed, and continues to file, all required income tax returns and to pay the taxes reasonably determined to be due.…

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Power, water disruptions irk Starafrica

STARAFRICA Corporation’s subsidiary, Goldstar Sugars, says the power supply at its plant has remained unstable and water services from the Harare City Council have been “ineffective”. This comes as industry is fretting over increased power cuts and persistent water challenges, which have a direct impact on production. The company however, explained at the same time…

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ECGC launches advance payments insurance

EXPORT Credit Guarantee Corporation of Zimbabwe (ECGC) has launched a payments insurance solution to cover importers against losses from non-receipt of goods and subsequent failure of refund of advance payments under import contracts. Zimbabwean companies have for a long time been receiving a raw deal when conducting business outside the country. In a statement this…

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ZECO mulls more changes

ZECO Holdings (ZECO) says it will continue to pursue new strategic directions in order to preserve and enhance shareholder value. ZECO’s shareholders recently approved its strategic pivot from a rolling stock company to a residential and commercial property investment and development company at a meeting held on August 17. “With the country’s economic growth forecast…

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