CALEDONIA Mining Group (Caledonia) says it will this year focus on becoming a multi-asset gold producer following the completion of the Blanket Mine expansion project last year. In a statement this week, the company’s chief executive officer, Steve Curtis, said the mining firm was continuing to evaluate investment opportunities in Zimbabwe. “Now that the Central…
It has come to light in our analysis of recent court decisions that most tax cases are not decided on the basis of merits of the objection but rather lost by taxpayers on technicalities, hence our motivation to share a few notes, albeit focusing on income tax appeals. It is within the right of a…
THE Zimbabwe National Chamber of Commerce (ZNCC) has bemoaned the slow implementation of the African Continental Free Trade Area (AfCFTA), which it says will diversify exports, accelerate growth and attract foreign direct investment when in full swing. AfCFTA was launched in January last year and will give African businesses access to a market of 1,3…
CALEDONIA Mining Corporation (Caledonia) has heaped praise on retiring chief executive Steve Curtis for steering the mining company on a solid financial footing, especially the “sterling work” on the Zimbabwean asset, Blanket Mine. Curtis is set to step down with effect from June 30, 2022. He will be succeeded by Mark Learmonth, Caledonia’s current chief…
THE holiday season is upon us and this means there will be much more interaction between people. Children could be visiting their separated parents. Husbands, wives and other relatives are returning home from abroad. All of these relationships could be marred with a history of violence and other undesirable behaviour. If that is the case,…
NATIONAL Tyre Services Limited (NTS) is one of the country’s biggest tyre firms, leveraging on improved stock availability and a wide branch network. The Financial Gazette’s Freedom Mashava (FM), interviewed NTS managing director Benson Samudzimu (BS) to discuss the company’s performance and impact of the Covid-19 pandemic, among other issues. FM: How did the company…
THE Victoria Falls Stock Exchange (VFEX) and the Zimbabwe Stock Exchange (ZSE) will be extending trading hours by an hour starting January 1, 2022. Both exchanges have been trading for two hours, from 1000 hours to 1200 hours. In separate statements last week, ZSE chief executive Justin Bgoni said both exchanges will now be trading…
ZIMBABWE’S total merchandise trade decreased by 3,8 percent to US$1,18 billion in September 2021, after a decline in exports, latest data shows. According to the Reserve Bank of Zimbabwe’s (RBZ) monthly economic review for October, which was released last Friday, total merchandise trade rose by 40,3 percent in September year-on-year, from US$840,6 million recorded in…
BORDER Timbers’ shareholders will next month meet to clear issues holding up its exit from judicial management, which it has pursued for a long time. The company was placed under judicial management in January 2015 after failing to service debts to several financial institutions amounting to $20 million. The company is convening an extraordinary general…
ZIMBABWE’S broad money supply, which consists of domestic and foreign currency deposits, rose $417 billion in October, a 15 percent increase from $364 billion in September, the Reserve Bank of Zimbabwe (RBZ) has said. According to the central bank’s economic review for October, which was published last week, the composition of broad money was local…
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