BridgeFort Capital Limited to acquire Diaspora Kapita Proprietary
Digital Telegraph Correspondent Zimbabwe Stock Exchange-listed private equity firm, BridgeFort Capital Limited (BCL) says the company is in the process of concluding transaction agreements for the acquisition of certain predominantly South African based business from Diaspora Kapita Proprietary Limited. In a statement on Thursday, the company said the deal, if successfully concluded, may have a […]
Lennon Quality Hotel Revolutionizes Mutare’s Tourism Sector
…Emerges as the New Epitome of Grandeur and Elegance
ZMF Proposes Partnership with KMH for Lithium Toll Processing
DT Correspondent Zimbabwe Miners Federation (ZMF) has suggested a partnership with Kuvimba Mining House (KMH) for toll processing of their ores in a bid to protect artisanal and small-scale miners (ASM) in the lithium sector from exploitation by predatory buyers and agents. ZMF President Ms Henrietta Rushwaya said there is need for measures to prevent […]
Premier African Minerals to Raise Over US$3 Million for Zulu Production Commencement
DT Correspondent Premier African Minerals, an AIM-listed mining and exploration company, has announced plans to raise £2.4 million (over US$3 million) through a subscription to ensure the timely commencement of production at the Zulu Lithium and Tantalum project. The company aims to begin production in February 2024, according to CEO George Roach. In order to […]
Industry Urges Exchange Rate Liberation to Tackle Foreign Currency Shortages
DT Correspondent Harare, Zimbabwe – As the national 2024 budget is set to be debated today, industry leaders are calling on authorities to liberalise the exchange rate in order to address the shortage of foreign currency that has led to rising prices. The plea for exchange rate liberation comes amidst the scrutiny of the budget […]
Webster Retires as Cafca Boss
DT Correspondent Rob Webster has retired as the managing director of listed cables manufacturer Cafca, with effect from February next year after serving for two decades at the helm. The company has its primary listing on the Zimbabwe Stock Exchange and its secondary listing on the Johannesburg Stock Exchange, manufactures and supplies cables for transmission […]
Proposed 2024 Tax Reforms Ignite Price Increase Fears; Grain Millers Call for Review
GRAIN Millers Association of Zimbabwe (GMAZ) President Tafadzwa Musarara has raised concerns about the potential impact of Finance Minister Mthuli Ncube’s proposed tax regime on essential food items.
Gold Deliveries Hit Record Low, Down by Over 75%
FIDELITY Gold Refineries (FGR) has reported a dramatic 75% decline in gold deliveries from small scale and artisanal miners, a first in recent years.
CZR Criticises Proposed VAT on Basic Commodities
DT Correspondent Harare : Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has expressed concern over Finance Minister Mthuli Ncube’s proposal to introduce Value Added Tax (VAT) on various basic commodities. CZR warns that implementing such a policy would have disastrous consequences for the country’s poor, exacerbating food insecurity and leading to further informalisation of […]
Mthuli’s Budget Proposal Sparks Public Backlash
Perspectives with Godfrey Mavunduse The recent budget proposal presented by Finance Minister Professor Mthuli Ncube has ignited a wave of negative reactions from the public. While budgets are often met with mixed responses, this year’s proposal seems to have struck a particularly discordant chord among Zimbabweans. Let’s examine some of the key points that have […]