R/€ = 14.36 Change: 0.12
R/$ = 11.68 Change: 0.06
Au 1324.69 $/oz Change: -13.05
Pt 990.50 $/oz Change: -9.90


Michael Roberts

     9th February 2018 This week we feature Michael Roberts, CEO of Khonology, a technology services provider   

Zimplats quarterly profit surges 69% on higher sales

By: Reuters     1st February 2018 Zimplats on Thursday reported a 69% rise in profit to $41-million for the quarter ended December, helped by the sale of platinum group metal stockpiles from the previous quarter and higher prices. Zimbabwe's largest platinum miner, which is 87% owned by Impala Platinum Holdings, sells platinum... 

Prospect raises $10m for Zimbabwe lithium mine development

By: Megan van Wyngaardt     31st January 2018 Southern Africa-focused lithium and gold mining and exploration company Prospect Resources has raised $10-million before costs, through an oversubscribed share placement of 166-million shares at 6c apiece. The ASX-listed company said on Wednesday that it would use the funds to accelerate the... 

Zimbabwe's chamber of mines expects 2018 gold to rise to record high of 30 t

By: Reuters     30th January 2018 Zimbabwe’s gold production is projected to rise to a record 30 t this year as producers ramp up output, a chamber of mines official said on Tuesday. Pardon Chitsuro told a business meeting that platinum production would also rise to 15.5 t this year from 14.2 t in 2017. 

Tharisa's Pouroulis meets Zimbabwe leader, seeks opportunities

By: Bloomberg     26th January 2018 Tharisa CEO Phoevos Pouroulis met Zimbabwe’s new President Emmerson Mnangagwa on January 18, as the Cyprus-based platinum and chrome mining company seeks opportunities in the country with the world’s second-biggest reserves of the metals. Pouroulis was accompanied to the meeting in Mnangagwa’s... 

Zimbabwe's gold output rose to 24.8 t in 2017 – central bank

By: Reuters     24th January 2018 Zimbabwe's full year gold production rose to 24.8 t in 2017 from 22.7 t the previous year, the central bank's refining and printing subsidiary said on Wednesday. Gold is the southern African nation's top mineral export earner, with production rising in the last four years after small-scale and... 

Zimbabwe considers building gold, diamond reserves to back currency relaunch

By: Bloomberg     23rd January 2018 Zimbabwe’s new President Emmerson Mnangagwa said his government is considering building reserves of gold and diamonds to back the eventual relaunch of the country’s own currency. The nation abandoned the Zimbabwe dollar in February 2009 after an economic collapse saw inflation surge to about... 

Zimbabwe may scrap local ownership rule on platinum, diamonds

By: Bloomberg     23rd January 2018 Zimbabwe, which has the world’s second-biggest platinum reserves, may lift a requirement that companies mining the metal or diamonds must be at least 51%-owned by black citizens of the country, President Emmerson Mnangagwa said. Mnangagwa, who became president in November after Robert Mugabe... 

SADC’s opportunity for atonement

By: Martin Zhuwakinyu     19th January 2018 The citizens of two Southern African Development Community (SADC) member countries – Zimbabwe and the Democratic Republic of Congo (DRC) – go to the polls this year in what this lowly journalist regards as a chance for the regional bloc to mend its tattered reputation. But whether this... 

Zim govt flags Prospect’s lithium project as priority

By: Natasha Odendaal     17th January 2018 ASX-listed Prospect Resources’ flagship lithium deposit has been identified as a priority mining development by Zimbabwe’s Office of the President and Cabinet. The Arcadia lithium project has been selected following the new Zimbabwean government’s directive that the Ministry of Mines and Mining... 

Zimbabwe state diamond company to lift output 65% in 2018 – Minister

By: Reuters     15th January 2018 Zimbabwe’s state diamond company is expected to produce at least 3 million carats this year, up 65 percent from 1.8 million in 2017, the mines minister told parliament on Monday. Winston Chitando said the Zimbabwe Consolidated Diamond Company, which was formed in 2016 when the government banned... 

SAA, TAAG sign code-share agreement

By: Schalk Burger     10th January 2018 State-owned airline South African Airways (SAA) and Angola State-owned airline TAAG Angola Airlines on Wednesday announced a code-share agreement for flights between Luanda and Cape Town or Johannesburg. “SAA will code-share with TAAG on direct services between Johannesburg and Luanda and between... 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

Companies from Amplats to StanChart on alert amid Zimbabwe coup

By: Bloomberg     15th November 2017 Companies are being vigilant over their operations in Zimbabwe after military vehicles descended on the capital of Harare and the army seized power, threatening President Robert Mugabe’s 37-year rule. Nedbank Group sent some South African employees home from Zimbabwe, the Johannesburg-based... 

Cynthia Pongweni

     27th October 2017 This week Engineering News features Cynthia Pongweni, the financial director of Mineworkers Investment Corporation, an investment holding company   

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... 

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... 

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. 

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