Zim-China trade deficit widens

HARARE, February 12 (The Source) – Zimbabwe’s trade deficit with China widened to over $407 million in 2013 from $270 million in the prior year, official statistics have shown, mirroring the decline in its manufacturing capacity. Exports, which stood at $186 million in 2011, plunged… Read More

Zimasco to retrench 1,500

KWEKWE, February 7 (The Source) – Ferrochrome producer Zimbabwe Mining and Smelting Company (Zimasco) says it will retrench half of its 3,000 workforce, citing poor metal prices and the need to contain operational costs. “Zimasco continues to pursue various cost cutting initiatives in all its… Read More

The elusive lustre of gold

By Farai Murambiwa, HARARE, January 20 (The Source) – Artisanal gold miners can’t believe their luck. I for one did not see this coming, it is not common that you find ‘makorokoza,’ widely loathed for being a big environmental nuisance being elevated to number one… Read More