finance

Inequality squeezes Zim property market

RISING inequality in the property market is creating a stark divide between luxury developments by a few wealthy individuals and shrinking prospects of homeownership for the majority, analysts have warned. Across major cities such as Harare and Bulawayo, clusters of high-end homes and gated communities are expanding, financed by a small elite, including the diaspora.…

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Government defends lithium ban

AUTHORITIES have defended the sudden raw lithium export ban, accusing miners of frantically looting the resource to beat a 2027 deadline. The immediate prohibition on lithium concentrates and raw minerals follows a suspicious surge in export volumes, with companies reportedly rushing to ship unprocessed ore before the initial grace period expired. The minister of Mines,…

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ZTA closes 25 illegal tourism facilities

THE Zimbabwe Tourism Authority has closed 25 unregistered facilities nationwide, launching a high-stakes compliance blitz to purge the industry of illegal operators. The enforcement operation, carried out yesterday, marked the beginning of a relentless government initiative to formalise tourism businesses and restore regulatory order. The crackdown specifically targeted accommodation establishments, including lodges, guesthouses, and short-term…

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