adminRioZim comes up with revised recapitalisation scheme
Harare Bureau
RIOZIM is set to come up with a “revised” recapitalisation scheme and debt retirement strategy after shareholders rejected the initial plans.
African Consolidated Resources to start production at Zimbabwe mine
Harare Bureau
AFRICAN Consolidated Resources (ARC) expects to start phase one production at its Pickstone gold project in Zimbabwe mid-next year.
The Zimbabwe-focused company said the project, although subject to funding, is successfully en route in its development to generate cash through its Pickstone sulphide tailings dump project.
ACR chief executive officer Mr Andrew Cranswick said in a statement that cash generation could fund subsequent investment in production phases at Pickstone while affording the company a more aggressive drill out of other assets.
Farmers warned of tick-borne diseases
Harare — The Veterinary Services Department on Friday warned livestock farmers against tick-borne diseases that are rife during the rainy season.
EDITORIAL COMMENT: Council, residents must engage on water bills
LOCAL authorities the world over are supposed to be the custodians of residents who in turn look up to them for efficient service delivery.
Why US backed down on Marange
By Tafadzwa Musarara
“IN order to separate people from Zanu-PF we must make their economy scream and I hope you senators have the stomach for what we are about to do”, said Chester Crocker (what a name) US former Secretary for African Affairs in his testimony to the US Senate hearing in 2003.
Boy drowns while swimming in river
Midlands Correspondent
A 12-year-old boy from Mabulawa Village in Zhombe near Kwekwe drowned while swimming with a friend in Mwembesi River, police confirmed.
Orphanage gets donation
Chronicle Reporter
MUSTARD Seed Communities Zimbabwe, an orphanage on the outskirts of Bulawayo, has received a washing machine and dryer with a combined value $2 400 from Homelink Zimbabwe.
Speaking at the ceremony Homelink chief executive officer, Mr Allan Choruma said supporting children in their development would secure the future of the nation.
“There is a need to be dedicated in supporting the children in their development, because these children are going to grow up and be leaders of tomorrow. If we do not look after children and the less privileged the country will not go forward in its socio-economic development,” he said.
Minister calls for symbiotic relations between Govt, business community
By Venencia Badza
WATER Resources Development and Management Minister Samuel Sipepa-Nkomo has called for continued symbiotic relations between Government and the business community in order to foster economic progression.
Zim hotels fully booked for festive season
The Hospitality Association of Zimbabwe (HAZ) has said hotels in the country are fully booked for the coming festive season as had been anticipated.
The hospitality industry in Zimbabwe witnesses full occupancy in major resort centres and towns during the festive season.
CABS introduces Visa Electron debit card
The Central African Building Society (CABS) has introduced an Visa Electron debit card which will enable customers to access their accounts in any country, an official has said.
The difference between Visa Electron and Visa Debit is that payments with the former requires all the funds to be available at the time of transfer, meaning that accounts may not be overdrawn, while the latter allows transfers exceeding available funds up to a certain limit.