May 19, 2024
The anonymous phone bidder has yet to name the gem, mounted on a platinum ring, auctioneers Sotheby's said. The diamond was found in Cullinan mine in South Africa last year, and its clarity was graded as flawless - the highest designation. Auctioneer David Bennett said: "It is a…
ZMF chief executive officer, Wellington Takavarasha, said small and medium scale miners were under threat from a host of problems that hamstrung their potential to contribute to the well being of the country's economy."We've invited several ministers to come and address miners on issues and concerns affecting their…
The re-arrests sparked international condemnation and created further discord within the unity government, forcing President Robert Mugabe, Prime Minister Morgan Tsvangirai and Deputy Prime Minister Arthur Mutambara – the three principals to the GPA – to convene an urgent meeting hours after the re-detentions to save the shaky…
The reforms will look at addressing the rigid curriculum used at the youth centres dotted across the country including dressing among other issues.Enrollment into the service shall be voluntary and not confined to ZANU-PF youths.Thamsanqa Mahlangu, the Deputy Minister of Youth Development, Indegenisation and Empowerment, confirmed the latest…
In a statement issued two days after a board meeting on Zimbabwe on Monday, the IMF said its executive board had decided to lift the suspension of technical assistance to the country, but admitted sanctions on the use of IMF resources remained in place."The executive board of the…
The ZSE market cap closed the week at US$2,514 billion, gaining by over 100 percent in a month.Stock analysts at Kingdom Stockbrokers (KSB) said the current ZSE market cap was still below the average reached last year of US$3,5 billion before the dollarisation of the economy, pointing out…
ZITF general manager, Daniel Chigaru, said yesterday there was a total of 653 exhibitors, 84 of them foreign, down from 758 exhibitors last year.Chigaru said 81 local exhibitors who had booked failed to turn up which meant that the total number of exhibitors should have been 734. "Although…
Currently, the sector is operating at round 20 percent functional levels. Gerald Gwinji, the permanent secretary in the Ministry of Health and Child Welfare, said the US$40 million would be allocated towards three main areas namely human resources, medicines and infrastructure for critical departments such as theatres, radiology,…
Yesterday, Harare magistrate Catherine Chimanda ordered the release of 15 Movement for Democratic Change (MDC-T) political activists excluding freelance journalist Manyere, Chris Dhlamini (MDC-T director of security) and Ghandi Mudzingwa (the premier's former aide).Manyere's continued detention has courted the ire of media practitioners who insisted they would not…
JOMIC is made up of 12 members, shared equally between ZANU-PF and the two Movement for Democratic Change (MDC) formations. Its chairmanship rotates between the political parties.When JOMIC was constituted in February, expectations were that it would resolve a number of issues that had remained hanging from the…
