R/€ = 15.49 Change: 0.08
R/$ = 13.18 Change: 0.11
Au 1285.85 $/oz Change: -0.26
Pt 978.50 $/oz Change: -0.50

Press Office - Metric Automotive Engineering - Reef Fuel

Metric Automotive Engineering - Reef Fuel

Reef Fuel Injection Services is a leading diesel service centre and is an authorised service agent to all five leading diesel fuel injection systems – Bosch, Caterpillar, Delphi, Denso and Stanadyne.


Zimbabwe tightens screws on miners' export earnings in forex crunch

By: Reuters     18th August 2017 The Reserve Bank of Zimbabwe has ordered platinum and chrome miners to surrender 80% of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage. Previously miners in the southern African nation were required to retain 50% of their earnings. 

Crystal Events Africa

     18th August 2017 Crystal Events Africa, formerly Crystal Events & Incentives, is a leading conference, incentive travel and corporate meeting organiser in South Africa. Its recent expansion into Africa has increased its business capacity to successfully drive intercontinental business through in-bound incentive... 

Zim staves off punitive action by Eskom, again – report 

By: News24Wire      2nd August 2017 Zimbabwe government officials have held "tough negotiations" with managers at Eskom to prevent South Africa’s power utility cutting off supplies over a $40-million debt. Cash-strapped Harare has been given another chance not to default on a repayment plan, which had seen Eskom threatening to cut... 

Zimbabwe asks court to enforce seizure of Zimplats mining ground

By: Reuters     2nd August 2017 Zimbabwe has filed a court application to enforce a previous notice to seize more than half of platinum producer Zimplats' mining land, the company said on Wednesday. Zimplats, which is majority controlled by Impala Platinum in January said President Robert Mugabe's government had made a fresh... 

Crystal Events Africa increases its continental footprint.

     1st August 2017 Formerly known as Crystal Events and Incentives, a leading conference, incentive travel and corporate meeting organizer in South Africa is proud to announce its expansion into Africa through strategic business partnerships within Harare and Kigali, as well as rebranding to Crystal Events Africa.... 

Zim piling up gold, diamonds to back new currency – VP

By: News24Wire      31st July 2017 Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency. But he did not say when the new currency would be introduced. 

Hwange colliery seeks to cut workforce by half

By: Bloomberg     7th June 2017 Hwange Colliery Company Limited (HCCL) plans to reduce its workforce by as much as half and will restart underground operations in the third quarter as the Zimbabwean miner seeks to reduce costs and return to profitability. HCCL began a voluntary severance program in March and about 200 staff... 

PPC points to projects progress as profits plummet

By: Megan van Wyngaardt     7th June 2017 South African cement producer PPC on Wednesday reported a 13% decrease in its earnings before interest, taxes, depreciation and amortisation (Ebitda), to R2.1-billion, paired with a 93% plummet in its headline earnings a share, to 7c apiece for the year ended March 31. The JSE-listed company... 

At least eight illegal miners die after mine shaft collapses in Zimbabwe

By: News24Wire      29th May 2017 At least eight illegal miners have been confirmed dead in Zimbabwe after a mine shaft they were working in collapsed. The state-run ZBC is reporting that at least four of the miners were above ground at Big Mine, but were sucked into the collapsing shaft. 

Zimbabwe plans 'use it or lose it' mine-permit programme for gold

By: Bloomberg     19th May 2017 Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are “sitting on lots of unused claims,” the southern African country’s Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program.... 

New twist in compensation saga for dispossessed Zimbabwe farmers

By: African News Agency      10th May 2017 In a new twist in the saga over compensation of white farmers who were ejected from their farms in Zimbabwe, two groups of dispossessed landowners have emerged, one of which argues that government is not liable and should not pay for land. Invasions of white-owned farms in Zimbabwe began in 2000... 

Zim, SA researchers work together on baby elephant formula

By: News24Wire      2nd May 2017 Researchers in Zimbabwe and South Africa have embarked on a quest to unlock the make-up of elephant milk – and hopefully come up with a baby "formula" to keep orphan elephants alive. The difficulties of hand-rearing baby elephants are well-known: close to half die in captivity, many from... 

Rand Airport – Joburg’s first hub of civil aviation

By: Jade Davenport     31st March 2017 Since it was established  in 1886, the city of Johannesburg has been at the forefront of much of the economic, industrial and infrastructure development in South Africa and the broader African continent. However, there is one notable exception to that general historical and ongoing trend, and... 

PPC Zimbabwe’s Harare mill officially opened

By: Natasha Odendaal     16th March 2017 PPC Zimbabwe on Thursday officially opened its $82-million Harare cement milling and dispatch facility, bringing its collective production capacity to 1.4-million tons a year. The project, forming part of PPC’s African expansion strategy, was completed on time and under budget, and boasted a... 

PPC’s R1bn empowerment deal boosts balance sheet

By: Anine Kilian     3rd February 2017 JSE-listed PPC’s balance sheet has shown significant improvement following the conclusion of its first broad-based black economic-empowerment (BBBEE) transaction. The BBBEE transaction resulted in a cash inflow of R1-billion in December, which PPC says will be used to further reduce its debt and... 

Regional airlines flock to Zim as it opens its skies

By: News24Wire      24th January 2017 RwandAir and Ethiopian Airlines are the newest airlines to fly to Zimbabwe, as the government opens up its skies to other players after years of state protectionism for the country’s ailing flag carrier Air Zimbabwe. The two airlines will start flights to Zimbabwe this year and are banking on the... 

Zim gold producer claims ownership of cargo on crashed plane

By: News24Wire      13th January 2017 A leading gold producer, developer and explorer in southern Africa, Metallon Corporation, has claimed ownership of the gold that was being transported by a private plane that crash-landed in southern Zimbabwe on Tuesday, putting to rest speculation that the mineral was being smuggled out of the... 

Drinking Water Pumps Appear On Zim Forecourts

     29th November 2016 Zimbabwean home owners now have the added convenience of being able to fill up with purified drinking water when visiting selected fuel station forecourts in Harare. Flo2Go's purified water pumps are situated next to the fuel dispensers and deliver purified water by five-stage reverse osmosis... 

Eskom and Cahorra Bassa threaten to pull the plug on Zimbabwe 

By: Reuters     21st October 2016 Zimbabwe has been given two months to pay its bills for power from South African power utility Eskom and Mozambique’s Hydro Cahora Bassa, HCB. Zimbabwe imports at least 30 percent of its power and owes Eskom about R250-million and HCB about R126-million. 

ELB to upgrade PPC Colleen Bawn Clinker Loading Project in Zimbabwe

     18th October 2016 ELB Engineering Services Africa (ELB) is pleased to announce that a contract has been entered into between PPC Zimbabwe, Colleen Bawn and ELB for the upgrade of the PPC Colleen Bawn Clinker Loading Upgrade Project in Zimbabwe. ELB’s scope of supply for this project includes the design,... 

RioZim chooses Chinese group to design $2.1bn power plant

By: Bloomberg     26th September 2016 RioZim chose a State-owned Chinese company to design a $2.1-billion power plant it plans to build in Zimbabwe, which faces frequent blackouts, and is lobbying South Africa’s electricity utility to buy from the facility to help attract investors. State Nuclear Electric Power Planning Design and... 

Zimbabwe wants Impala land as $6.7bn mine plan stalls

By: Bloomberg     15th July 2016 Zimbabwe has applied for a court order to force an Impala Platinum Holdings Ltd. unit to sell almost 28 000 ha (69 000 acres) of its mining lease to the state, land the government says will benefit the economy. The land, held under a lease by Zimplats Holdings Ltd. but owned by the state, hasn’t... 

Zim platinum output up 43% in first quarter

By: News24Wire      13th July 2016 Zimbabwean platinum miners have ignored policy uncertainties in the country and continued to ramp up production, according to the central bank. The Reserve Bank of Zimbabwe’s (RBZ's) report for the first quarter of 2016 showed platinum output rose by 43% to 4 321 kg from 3 020 kg in the prior... 

Steel exporter adapts for changing steel landscape

By: Victor Moolman     1st July 2016 Owing to the global economic downturn, and tough and volatile trading conditions, steel distributor Building System Integration (BSi) Steel has continually adapted and modified its handling of the supply of steel products, to meet the demand in the sub-Saharan African markets. 

$5m equipment for Zim small-scale gold miners

By: Oscar Nkala     24th June 2016 Chinese-made mining equipment worth $5-million is to be delivered to small-scale gold miners in Zimbabwe by the end of August as the first consignment of a much bigger deal that has been in abeyance since 2012, owing to failure by the Southern African country to guarantee a loan from the China... 

Zimbabwe’s Hwange coal mine to cut 1 500 jobs, Minister says

By: Bloomberg     23rd June 2016 Hwange Colliery Ltd., a partly state-owned Zimbabwean coal miner, plans to cut 1 500 jobs this year to make it more viable and has put measures in place to protect it from lawsuits, Deputy Mines Minister Fred Moyo said. “Hwange’s labour force is 3 000 and about 1 500 are going to be laid off to... 

Zimbabwe State diamond miner produces 500 000 ct since March launch

By: Reuters     20th June 2016 Zimbabwe's new State-owned diamond miner has produced 513 000 ct since March when it started operations after the government ordered all mining companies to halt work in the Marange fields, its acting CEO said on Monday. The government on Feb 22 evicted all diamond mining firms in the Marange... 

Zimbabwe's platinum industry calls for $2.8bn in new investment

By: Reuters     20th May 2016 Zimbabwe could double annual platinum production to more than 900 000 oz in the next decade and become the nation's top export earner but current producers need $2.8-billion in new investment to do so, the industry associaton said on Friday. The southern African nation holds the second largest... 

Zim probes Rio Tinto’s Murowa share disposal

By: News24Wire      8th April 2016 Zimbabwe is probing Rio Tinto’s disposal of its stake in two mines in Zimbabwe, charging that disposed shares were held offshore, hence the justification to investigate them and determine if due procedure was followed. Rio Tinto disposed of its 78% stake in the Murowa diamond mine and also sold... 

Urgent probe for Zimplats after Panama Papers leak

By: News24Wire      6th April 2016 Impala Platinum and government officials in Zimbabwe will probe the alleged involvement of the company's Zimplats unit after leaked papers showed it used an offshore company to pay salaries of management in Zimbabwe. Fin24 reported on Monday that Zimplats had been implicated in the Panama Papers.... 

SA is Africa's hub of private banking – report

By: News24Wire      21st March 2016 South Africa is the hub of private banking in Africa with holdings worth about $72bn, according to a recent report. A Research and Markets report entitled The Africa 2016 Wealth Report identifies South Africa - mainly Johannesburg - as the continent's biggest centre for private banking. The... 

Fastjet adds new S Africa/Zimbabwe route despite financial squeeze 

By: Keith Campbell     8th March 2016 Embattled pan-African low cost carrier fastjet (as it styles itself) has announced on Tuesday it will start flying between Johannesburg, South Africa and Victoria Falls, Zimbabwe, on March 25. The twice-weekly route will be served with an Airbus A319 single-aisle airliner with a capacity of up to... 

At least 3 dead in Zimbabwe diamond field accident – State broadcaster

By: News24Wire      3rd March 2016 Police divers in Zimbabwe's best-known diamond fields are searching for more victims of an accident that left at least three illegal panners dead on Wednesday, the state Zimbabwe Broadcasting Corporation reported. Up to 15 are feared to have been crushed to death by falling rock in the Chiadzwa... 

Zim govt faces lawsuit from diamond miners

By: News24Wire      23rd February 2016 Diamond mining companies ordered by President Robert Mugabe's government to stop gem mining operations in Eastern Zimbabwe are weighing their options, while some have started engagements for litigation against the decision. Zimbabwe Mines and Mining Development Minister Walter Chidakwa on Monday... 

Zim repays Implats unit $100m, revenues tumble

By: News24Wire      5th February 2016 Zimbabwe says it repaid Impala Platinum’s unit in the country about $100-million in overpaid royalties, dragging down earnings from the mineral royalties segment by 110%, the Zimbabwe Revenue Authority (Zimra) said on Thursday, saying this had contributed to a 7% shortfall in 2015 revenue... 

Zimplats to go ahead with $447m expansion project

By: News24Wire      2nd February 2016 Zimplats says it is going ahead with its Zimbabwe based projects despite continued threats on a portion of its mining lease area. In a statement accompanying its results for the quarter ended 31 December 2015 the company said the Ngezi Phase 2 expansion project implementation is progressing well. 

Fastjet’s daily flights between Harare and Johannesburg take off

     1st February 2016 Low-cost airline expands its pan-African network launching daily and direct international flights linking Zimbabwe and South Africa Fastjet’s inaugural flight between Harare in Zimbabwe and Johannesburg in South Africa took off today, Monday 1 February 2016, marking the low-cost airline’s newest... 

Zim miners commit $362m to beneficiation

By: News24Wire      29th January 2016 Zimbabwean mining companies have invested up to $362-million in mineral beneficiation projects expected to be completed in the next five years as the government intensifies a value addition drive to create more employment and keep money in the country. Zimplats, owned by Impala Platinum, as well... 

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