Treasury to revoke mining tax breaks

According to CoMZ’s latest report, mineral revenue is expected to rise by approximately 2% in 2024.
By Melody Chikono Oct. 25, 2024

Govt official requests mine refining, processing capital

Zimbabwe’s most valuable mineral resources are gold, platinum, lithium and chrome, among others.
By Freeman Makopa Oct. 16, 2024
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Zim miners upbeat despite power, cash squeeze

Local miners are expected to put US$600 million into capital expenditure next year to increase capacity utilisation.
By Nizbert Moyo Oct. 13, 2024

Industries buckle under prohibitive power tariffs

Economists are warning that the country’s economic growth targets are now in jeopardy, compounded by a severe drought that has wiped out over 80% of crops in some regions.
By Freeman Makopa Aug. 30, 2024

Mining companies spend big to boost output

According to the Chamber of Mines of Zimbabwe’s (CoMZ) 2023 report, various mining companies are investing heavily in expansion and development projects.
By Mthandazo Nyoni Jun. 19, 2024

Mining unions petition Labour ministry

Masarire Law Chambers, expressed concerns over the manner in which the selection of the union into NEC was done.
By Silas Nkala Jun. 19, 2024

Experts rebuff ‘high tax regime’ claim

They argued that the 20% capital gains tax, applied retrospectively on the full purchase price, was excessive and detrimental to investor confidence.
By Mthandazo Nyoni Jun. 7, 2024

Unfair debt-to-equity ratio irks RBZ governor

According to experts, the optimal D/E ratio varies by industry, but it should not be above a level of 2,0.
By Mthandazo Nyoni Jun. 7, 2024

Govt must listen to industry’s concerns

Fiscal policies need to strike a delicate balance, according to the Association of Chinese New Energy Miners.
By The Zimbabwe Independent May. 31, 2024