Blanket mine chief quits

HARARE, November 19 (The Source) – Caledonia Mining chief executive Stefan Hayden, who oversaw the growth of Blanket Mine in Gwanda to become a middle-tier gold producer and the first mining company to agree and implement Zimbabwe’s indigenisation laws, has stepped down with immediate effect… Read More

ZSE recovers on Innscor, CFI gains

HARARE, October 14 (The Source) – The Industrial index recovered slightly on Tuesday after gaining 0.44 points to close at 189.16 in mixed trading. Among the gainers were Innscor which increased by 1.9 cents to 69 cents, CFI surged 0.20 cents to settle at 2.70… Read More

Zim inflation slides to 0.09 pct – Zimstat

HARARE, October 14 (The Source) – Zimbabwe’s annual inflation rate shed 0.06 percentage points to 0.09 percent in September compared to 0.15  percent recorded in August, as deflationary pressures persist, the national statistics agency said on Tuesday. Month-on-month inflation rate stood at -0.01 percent after… Read More

Telecel licence renewed

HARARE, August 6 (The Source) – The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) on Tuesday renewed the licence of Telecel Zimbabwe after the mobile operator committed to meeting indigenisation requirements. The licencing also ends a bitter feud with rival Econet Wireless which had… Read More

Fuel price hike reports false: ZERA

By Happiness Zengeni, HARARE, Aug 5 (The Source) – The Zimbabwe Energy Regulatory Authority has refuted media reports of an increase in fuel prices only days after ZANU-PF clinched a brawny victory in the recently held elections. Newsday this morning reported a fuel price hike… Read More