Govt to lower mining royalties

HARARE, December 3 (The Source) – Government will lower royalties from mineral sales, particularly for gold miners in a bid to shore up deliveries and resuscitate its refinery, Fidelity Printers, the mines minister has said. Zimbabwe wants to reopen Fidelity, a subsidiary of the central… Read More

Chidhakwa wants tougher mining laws

HARARE, December 2 (The Source) – Zimbabwe’s mines minister, Walter Chidhakwa  says African countries should have tougher mining laws to benefit more from their natural resources. “This why in Zimbabwe we say without any fear or apologies that when you come to Zimbabwe, you are… Read More

Delta in $4.7 mln out of market deal

HARARE, December 2 (The Source) The market started the week positively, with the main industrials index gaining 0.87 points to 213.91 points with support from heavyweights Delta and Econet. Delta traded 1.05 cents higher to 151.05 cents recording a turnover of $154 000 from sales… Read More

Zimbabwe’s central bank chief steps down

Zimbabwe’s reserve bank governor Gideon Gono, who put the bank’s printing press into overdrive to keep pace with hyper-inflation, has left the central bank after completing his final five-year term on Friday. At the height of the southern African country’s decade-long economic crisis, Zimbabweans were… Read More

Arda to revive tea plantations

MUTARE, November 29 (The Source) –  The Agricultural and Rural Development Authority (Arda) plans to revive its tea plantations in the eastern highlands in February next year using proceeds from its Green Field ethanol project, an official said on Friday. Arda partnered Macdom and Ratings… Read More

Negative sentiment persists on ZSE

HARARE, November 28 (The Source) – The negative sentiment on the stock market persisted on Thursday, with the industrial index dropping 2.02 points to end at 215.24 points. The loss was on the back of negative trades in heavyweight Delta which was 3.3 cents lower… Read More