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Mining giant secures US$13 million for solar project

09 Sep, 2020  CALEDONIA Mining Corporation, which owns Matabeleland South gold mine, Blanket Mine, has raised US$13 million for the construction of the planned 20MW solar power plant at the mine. Caledonia announced recently that the proposed solar project was part of efforts to address electricity constraints that has over the years affected the mining [...]

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Stanbic launches contactless debit cards/POS machines

09 Sep, 2020 FINANCIAL services institution, Stanbic Bank Zimbabwe, says it is ready to launch contactless debit cards and POS machines as it forges ahead with its highly innovative technology advancement approach accelerated by the Covid-19 new normal. The bank’s head of personal and business banking, Mr Patson Mahatchi, said the “Tap and Go” debit [...]

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Turnall’s profit suffers steep decline on pandemic

9 Sep 2020 Turnall Holdings  yesterday revealed  it suffered an 82 percent dip in net profit to $28.1 million  for the half-year ended June 2020 owing to the outbreak of the Covid-19 pandemic. In the comparable period last year, the Zimbabwe Stock Exchange listed  firm posted an after tax profit of $153.1 million. In the [...]

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Chinhoyi Council Blames Covid-19 For Poor 2020 Budget Performance

9th September 2020 THE prevailing Covid-19 pandemic has had a negative effect on the Chinhoyi Municipality’s revenue collection efficiency, a development that has led to poor service delivery and slow pace in implementing capital projects. Projects still to be completed include clinic and stadium renovations, installation of solar streetlights and the overhaul of the water [...]

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Expelled MDC Alliance MPs Ask For Judge’s Recusal In Appeal

9 September 2020 EXPELLED MDC Alliance MPs, Charlton Hwende, Prosper Mutseyami, Thabitha Khumalo and Lilian Timveous Tuesday filed an application with the High Court seeking Justice Pisirayi Kwenda to recuse himself from presiding over appeal against their expulsion from Parliament. The four politicians were the first MPs to be recalled early this year on the [...]

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