R/€ = 16.07 Change: 0.02
R/$ = 13.65 Change: 0.02
Au 1280.70 $/oz Change: -0.10
Pt 923.50 $/oz Change: 0.00


Diamonds fund Zimbabwe political oppression, Global Witness says

By: Bloomberg     11th September 2017 Zimbabwe’s government is using money earned from diamond exports to fund its Central Intelligence Organisation, blamed for a raft of human-rights abuses as it’s helped to keep President Robert Mugabe in power since 1980, Global Witness said. Diamonds dug from the Marange fields in eastern... 

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... 

More African countries 'likely to pull out of ICC after SA' 

By: News24Wire      21st October 2016 South Africa's decision to pull out from the International Criminal Court (ICC) is likely to lead "more African countries into wanting to follow in its footsteps", a researcher at the Institute of Security Studies has said. In an interview with News24, Allan Ngari said South Africa's move was,... 

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. 

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... 

Caledonia firing on all cylinders as output ramps up at Zimbabwe-based Blanket

By: Henry Lazenby     5th July 2016 Zimbabwe-focused gold producer Caledonia Mines raised its annualised dividend by 22% to $0.055 a share on Monday, underpinned by increased output as a result of the company’s turnaround strategy at the flagship Blanket mine. “We have increased the dividend not based on improved gold prices, but... 

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... 

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... 

March deadline for foreign firms as Zim curbs investors 

By: News24Wire      5th January 2016 Zimbabwe on Monday put in place a March deadline for all foreign companies to submit indigenisation compliance plans. It also announced new measures to restrict foreign businesses from operating in reserved areas such as retail and agriculture. The indigenisation policy compels foreign firms in... 

Africa wants to process own minerals – Zuma

By: African News Agency      4th December 2015 African countries want to process their minerals on the continent, rather than export them for beneficiation overseas, President Jacob Zuma said on Friday at the Forum for China-Africa Cooperation Summit (FOCAC) currently underway in Johannesburg. “We want to prioritise beneficiation and... 

South Africa and China sign megadeals worth R94-billion

By: African News Agency      3rd December 2015 South Africa and China signed agreements worth R94-billion, shortly after Chinese president Xi Jinping arrived for a state visit in Pretoria, President Jacob Zuma said on Wednesday. “We focused especially on our economic and trade relations. We have just witnessed the signing of 26 agreements... 

China's Xi signs 10 investment deals with Mugabe

By: News24Wire      2nd December 2015 Chinese President Xi Jinping signed 10 investment deals with Zimbabwe on Tuesday evening, pledging to continue cooperating with the investment-hungry country as it attempts to reverse a prolonged economic meltdown. Shunned by most international investors for uncertainty and lack of protection of... 

Jeff Radebe: Africa not continent of doom 

By: News24Wire      1st December 2015 Minister in the Presidency Jeff Radebe on Tuesday called on the media to deepen the China–Africa partnership by telling the “good story”.  “For a very long time Africa has been branded as a continent of doom, only characterised by malnourished babies, poverty, crime, conflict, and squalor,”... 

Malema outlines mining and land policies in interaction with business

By: Irma Venter     9th October 2015 When the Economic Freedom Fighters (EFF) speaks of nationalising South Africa’s mines, it means that the State will own 60% of the operation, says party leader Julius Malema. Malema says this move will not chase away investors, as some of the same mining companies that operate in South Africa... 

EFF seeks 60% State ownership of mines, govt as custodian of farmland 

By: Irma Venter     29th September 2015 When the Economic Freedom Fighters (EFF) spoke of nationalising South Africa’s mines, it meant that the State would own 60% of the operation, said party leader Julius Malema in Johannesburg on Tuesday. Speaking at an American Chamber of Commerce (AmCham) breakfast, Malema said this move would not... 

Mozambique again rejects Malawi’s plan to ship goods via the Zambezi 

By: African News Agency      25th September 2015 The government of landlocked Malawi has revived its old proposal to turn the Shire and Zambezi rivers into a commercial waterway for the country’s imports and exports via the Indian Ocean, despite strong opposition from its neighbour Mozambique. Without Mozambican support the scheme is dead,... 

Zim VP says food imports draining govt funds – reports 

By: News24Wire      28th August 2015 Zimbabwean Vice President Emmerson Mnangagwa has expressed concern over food imports, saying they are draining the country's already strained resources, according to reports. Mnangagwa said aggressive measures were needed to improve the country's agricultural production, The Source reported. 

SADC looks into ways to cut down on reliance on donor funding 

By: African News Agency      17th August 2015 Ministers of the Southern African Development Community (SADC) have described the regional body’s dependence on foreign funding as a “profound weakness” and have called for alternatives. Zimbabwean foreign minister Simbarashe Mumbengegwi told a meeting of the SADC council of ministers over the... 

Disturbing decisions and disastrous diplomacy

By: Keith Campbell     26th June 2015 There can be little doubt that the discreditable episode of Sudanese President Omar al Bashir’s attendance at the African Union summit in South Africa earlier this month has been most damaging to this country. That Al Bashir is wanted for most serious crimes by the International Criminal Court... 

SA ready to host AU summit, says committee

By: SANews, SA government news service     5th June 2015 The Portfolio Committee on International Relations and Cooperation said on Thursday it was satisfied that South Africa is ready to host the 25th African Union (AU) Summit. Chairperson of the Committee Siphosezwe Masango said the Department of International Relations and Cooperation was on top of... 

Joscho’s Dobsonville rental housing project underway 

By: Creamer Media Reporter      14th May 2015 As part of its ongoing attempts to alleviate the housing shortage in the City of Johannesburg, the Johannesburg Social Housing Company is building 502 rental units in Dobsonville, in Soweto, Zandile Mavuso has the story. 

Mugabe says Zim open to foreign investment  

By: Pimani Baloyi     8th May 2015 Despite media reports and fears that Zimbabwe’s indigenisation policy – which stipulates that Zimbabweans must own 51% of foreign-owned companies – implied that the country was not open to foreign investment, Zimbabwe was open to foreign-owned businesses, Zimbabwean President Robert Mugabe last... 

Zuma briefs SADC summit on measures to deal with xenophobia

By: News24Wire      30th April 2015 President Jacob Zuma briefed southern African heads of state gathered for a summit in Harare on Wednesday about measures his government was taking to stop a recurrence of the recent xenophobic attacks in Durban and Johannesburg, Zimbabwean President Robert Mugabe said. Speaking at the close of... 

Mugabe calls for value add at SADC summit 

By: News24Wire      29th April 2015 Zimbabwean president and SADC chair Robert Mugabe has called for value addition and beneficiation in the poverty stricken region. In his opening speech at the ongoing SADC summit, Mugabe highlighted the abundant resources in the region, saying despite the abundant resources 80% of the populace of... 

Whites still control our mines, says Mugabe

By: Natalie Greve     9th April 2015 Zimbabwe’s mining assets remain largely in the hands of foreign whites, despite various nationalisation-driven policy efforts to dismantle majority white ownership of assets in the country, President Robert Mugabe said on Thursday. “All industrialisation [in South Africa and Zimbabwe] was done in... 

Zuma, Mugabe renew trade commitments 

By: Natalie Greve     9th April 2015 President Jacob Zuma has deepened South Africa’s bilateral trade relationship with “sister republic” Zimbabwe, expounding on the countries’ strong political, cultural and economic similarities and reminiscing on their historical linkages. According to Zuma, opportunities for deeper economic... 

'We will use our political power to empower ourselves' – Zuma  

By: Natalie Greve     9th April 2015 President Jacob Zuma says the ruling party should not be “shy” about leveraging its political power to economically advance the black majority and drive transformation, adding that if the African National Congress does not leverage on its political power, it will be used against the party by its... 

SA, Zimbabwe sign five bilateral agreements 

By: SANews, SA government news service     8th April 2015 South Africa and Zimbabwe have elevated bilateral relations with the signing of five agreements set to benefit both countries. The agreements were signed on Wednesday during President Robert Mugabe’s state visit to South Africa at the invitation of President Jacob Zuma. 

Mugabe to drum up support for industrialisation efforts

By: News24Wire      8th April 2015 Zimbabwean President Robert Mugabe and his wife Grace begin a two-day state visit to South Africa on Wednesday, the first since 1994, to help efforts to industrialise his country's ailing economy. He is expected to meet President Jacob Zuma for talks and the signing of a memorandum of... 

Zimbabwe signs deal with China's Sinohydro to expand power plant 

By: Reuters     10th October 2014 Zimbabwe signed a $1.5-billion deal with China's Sinohydro Corp on Friday to expand a coal-fired power plant in the most ambitious move yet to tackle the country's crippling electricity shortages. The deal, which still needs full financial cover, would see Sinohydro Corp add 600 MW of electricity... 

Zimbabwe, IPP licensees at odds over stalled power projects

By: Oscar Nkala     29th August 2014 President Robert Mugabe's government says it will soon instruct the Zimbabwe Energy Regulatory Authority (Zera) to cancel the licences of more than ten independent power producers (IPPs) whose power generation projects have failed to take off the ground – four years after they were licensed.... 

SADC leaders to push for industrialisation

By: SANews, SA government news service     19th August 2014 Southern African leaders ended their two-day summit on Monday having resolved to direct member states to put industrialisation at the top of Southern African Development Community's (SADC’s) regional integration agenda. A Ministerial Task Force on Regional Economic Integration was ordered to... 

Zimbabwe shortlists two firms for platinum refinery

By: Reuters     19th February 2014 Zimbabwe has shortlisted two firms to build a new platinum refinery and is looking to resolve a dispute with miners over a 15% levy imposed on unrefined exports of the metal last month, the Mines Minister said on Tuesday. The Southern African country had the world's largest platinum reserves... 

Platinum mines submit plans for Zim refinery by 2016, says State media

By: Reuters     20th January 2014 Major platinum miners in Zimbabwe have met a government deadline to agree and submit plans to build a major refinery in the country by the end of 2016, State media reported on Sunday. President Robert Mugabe's ZANU-PF government gave platinum mines until January 18 to submit proposals to build a... 

Sitembele Mase

By: Sashnee Moodley     17th January 2014 Main Activity of the Company: Economic development, investments and finance in the Eastern Cape 

Zimbabwe says work could start in 2014 on Batoka Gorge hydro project 

By: Oscar Nkala     18th October 2013 The Zimbabwe government says work on the construction of the Batoka Gorge hydroelectric scheme, on the Zambezi river, will mostly likely begin at the end of 2014, following the conclusion of feasibility studies and the project's designs. 

Better bandwidth, bigger DDoS application level risk

     7th October 2013 On the flipside of the bandwidth boom in South Africa, there has been a significant increase in Distributed Denial of Service (DDoS) attacks at an application level in the country, says Fortinet. 

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