MIMOSA Mining Company (Mimosa)’s 2025 production slipped 4,6 percent year-on-year to 117 019 4E ounces due to worsening power outages that resulted in concentrator downtime, its parent company Sibanye-Stillwater has said. 4E platinum group metals refer to the combined basket of four precious metals: platinum, palladium, rhodium and gold. The Zvishavane -based miner is owned…
VICE President Constantino Chiwenga has challenged Southern African nations to scale up renewable energy investments to eliminate the region’s debilitating perennial power deficits. Officially opening the Sadc Sustainable Energy Week conference in Victoria Falls yesterday, Chiwenga highlighted the urgent need for solutions to curb power deficits. “At the regional level, Sadc with over 340 million…
By Memory Nguwi THERE is always politics in the boardroom. Anyone who denies it has either not served long enough or has chosen not to confront the reality. A board…
BOUTIQUE hotels have emerged as key drivers of growth in Zimbabwe’s hospitality industry, complementing traditional big players, mainly in tourist hotspots such as Victoria Falls and Nyanga. This comes as the industry has recorded tremendous growth in the post-Covid-19 pandemic era, which almost brought the entire sector to its knees. In Victoria Falls, for instance,…
CABLE manufacturer CAFCA is expecting to commission its 1,1-megawatt solar plant soon as it moves to rein in rising energy costs and support production. In an interview on the sidelines of the company’s annual general meeting last week, chief executive Vimbayi Nyakudya said the solar system is expected to go live anytime this week. He…
THE National Social Security Authority (NSSA) says it is balancing its investments between preserving value and maintaining liquidity to protect its contributors. The Authority has faced significant challenges in collecting contributions, which have directly undermined its ability to provide inflation-adjusted and sustainable benefits to pensioners. The challenges stem from economic instability, low compliance rates and…
THE Reserve Bank of Zimbabwe governor, John Mushayavanhu, will tomorrow present the 2026 Monetary Policy Statement amid significant macroeconomic shifts and a historic drop in inflation. The statement comes at a critical juncture for the southern African nation. For the first time since 1997, annual local-currency inflation has dropped into single digits, recording 4,1 percent in…
BRICK manufacturer Willdale expects its financial performance to improve in the second quarter, supported by a steady recovery in production and the ongoing sale of stands. The group, which has been operating below capacity due to limited access to funding, reported a 36 percent decline in revenue for the first quarter ending December 31, 2025,…
OK Zimbabwe has been placed under corporate rescue after its board of directors determined the company is “financially distressed” and unable to pay its mounting debts. The retail giant initiated the corporate rescue proceedings under Section 122 of the Insolvency Act on February 23, 2026, after a critical breakdown in its supply chain led to…
ACCESS to affordable funding is critical to sustaining record production, as high borrowing costs and low profits continue to weigh down farmers, tobacco growers have said. The remarks come ahead of the sector’s marketing season, which opens next Wednesday. Tobacco Growers Association chairman Bright Bvukumbwe said improved funding arrangements largely drove last season’s record output.…
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