ZCDC records 4,5 mln fatality-free shifts  

THE Zimbabwe Consolidated Diamond Company (ZCDC) has recorded over 4,5 million fatality-free shifts since its inception, as the diamond miner continues to strengthen its safety standards. The state-owned diamond miner has also recorded zero lost time injuries since 2019. This was revealed after the company scooped gold and bronze accolades during the National Social Security…

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Zimswitch, DPC partner to drive digital financial growth

ZIMSWITCH Technologies and the Deposit Protection Corporation (DPC) have formalised a strategic partnership aimed at advancing financial inclusion, accelerating digital transformation, and reinforcing public confidence in the country’s financial sector.  The two institutions signed a Memorandum of Understanding (MoU) this week, solidifying a joint commitment to enhance security, resilience, and financial inclusion across the country’s…

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Parliament raps Mines Bill

THE proposed Mines and Minerals Bill has been hit with an adverse report from the Parliamentary Legal Committee, citing widespread constitutional violations and governance flaws.The committee unanimously agreed that the Bill contained provisions that, if enacted, would violate the Constitution.A major contention centres on the Bill’s failure to include artisanal miners in the definition of…

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ZSEH bets on new VFEX listings

THE Zimbabwe Stock Exchange Holdings (ZSEH) is expecting new listings on the Victoria Falls Stock Exchange (VFEX) in the second half of the year to drive trading volumes and subsequently grow group earnings.The VFEX, a subsidiary of ZSEH, has been attracting interest from foreign and local companies, and during the first part of the year,…

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All eyes on minister as 2026 budget gets closer

FINANCE minister Mthuli Ncube should focus on pragmatic, business-centred reforms as he prepares to present the 2026 national budget next month.So say business leaders and economists, who add that steering the economy towards inclusive growth, fiscal discipline and industrial transformation is key for Zimbabwe’s long-term prosperity.Speaking to The Financial Gazette — the country’s number one…

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Mutapa bankrolls ZETDC efficiency drive

THE Mutapa Investment Fund says it is allocating capital to the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) to help lower the cost of electricity transmission and distribution.Zimbabwe’s electricity costs remain high due to rising input expenses and tariffs, while distribution continues to suffer from limited generation capacity, poor maintenance, and inadequate investment.“Our generation costs…

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‘Unfavourable’ cost structure chokes Hippo

HIPPO Valley Estates (Hippo Valley) is reeling from an unfavourable cost structure within its operations characterised by high cane and manpower costs, resulting in significant profit margin erosion.According to the group, costs are predominantly driven by an exorbitantly high minimum wage, an uncompetitive cost of cane under the Cane Purchase Agreement (CPA), and the division…

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