A ZAR461 million value hit just smacked Mimosa on paper, and the culprit is rising costs plus Zimbabwe’s beneficiation tax chewing through future cash hopes.
Mimosa write down fallout
Sibanye-Stillwater slashed Mimosa’s carrying value by ZAR461 million.
June 30, 2025, the life-of-mine review reset the cost math upward.
Zimbabwe’s beneficiation tax got baked into long-term forecasts.
Lower projected cash flows dragged down value in use.
Impairment of math and assumptions
After-tax impairment tallied ZAR535 million on plant and equipment.
Another ZAR64 million trimmed from the equity-accounted stake.
Assessors used a ZAR25,745 per 4Eoz basket price.
Model ran on a 20,67% discount rate and an eight-year life.
Fiscal pressure in...
An $8 million cash grab just got the green light, and Tanganda Tea Company Limited is scrambling to plug a nasty money hole before production and debt payments choke it out.
Liquidity squeeze at Tanganda
Tanganda Tea Company Limited revealed a US$6,36 million cash shortfall and US$7,1 million owed to banks.
Mounting borrowings have been hanging over its balance sheet like a bad cloud.
Production has taken hits from climate swings and unreliable electricity.
Export payments have dragged, stretching the group’s working-capital cycle.
Rights offer mechanics
Shareholders at an extraordinary general meeting signed off on the US$8 million renounceable rights offer.
Under the plan, Tanganda will float 263 821 324 new ordinary shares...
A top finance boss at NSSA just got benched without pay while investigators dig into claims he ignored orders and meddled with internal decisions.
Ngwira suspended at NSSA
The National Social Security Authority sidelined Daniel Ngwira effective 29 January 2026.
Charles Shava confirmed the move in a formal suspension letter.
Investigations will run under the Labour National Employment Code of Conduct Regulations.
During the probe, Ngwira cannot access NSSA offices or benefits.
Allegations over ignored resolutions
Daniel Ngwira allegedly refused to action a 2025 board resolution.
That decision involved paying terminal benefits to an eligible employee.
Management views the refusal as breaching fiduciary duties to the pension fund...
Three bodies stacked in a backyard grave ended with a mother handed triple life behind bars.
Triple life sentences in Pretoria
Ncumisa Selani received three life terms from the Pretoria High Court.
Judges tied the convictions to killings between 2016 and 2018.
Her Pretoria home doubled as the burial site for every victim.
Court remarks painted the acts as planned and deliberately covered up.
Boyfriends buried one over the other
Michael Changisa, a Malawian partner, was the first to die in 2016.
After learning she had HIV, Selani pointed the finger at Changisa.
Michael Phiri, a Zimbabwean boyfriend, was roped in to carry out that hit.
Phiri later landed in the same grave, stacked above Changisa.
Son was killed, and the crimes were...
Internet rumors just tried to rope a senior lawyer into rewriting Zimbabwe’s Constitution, and he flat-out says that is fiction.
Magwaliba rejects the drafting claim
Advocate Thembinkosi Magwaliba pushed back on posts tying him to Constitutional Amendment No. 3.
Online chatter from X painted Magwaliba as a mastermind behind the draft.
His statement insisted he only saw the document after it was gazetted.
The Government of Zimbabwe never tapped him for any drafting work, he said.
What Amendment No. 3 would change
Zimbabwe Constitutional Amendment No. 3 Bill 2026 looks to stretch terms to seven years.
Presidential and parliamentary mandates would jump from five-year cycles.
The Zimbabwe Defence Forces would shift from upholding to...
A blown court date just turned a flashy gold case into an international headache, and South African cops are hunting a ZANU-PF official who skipped bail like it was optional.
Warrants Over Gauteng Bail Breach
Joachim Chivayo, ZANU-PF Harare deputy information boss, is wanted in South Africa.
Brakpan Magistrate’s Court issued arrest warrants on 11 March 2025.
Authorities say he and Brian Gungwa ignored bail rules and missed court.
Their case was set down for 25 February 2025, and they did not pitch.
R15 Million Gold Bar Case
Hawks Serious Organised Crime Unit grabbed Chivayo at Helderwyk Estate in Brakpan.
Brian Gungwa, a 22-year-old South African, was arrested with him.
Investigators linked the pair to six raw gold bars worth about...
An attempted border escape crashed hard when a roadblock in Chimanimani stopped a murder suspect cold, turning a late-night dash toward Mozambique into handcuffs and a holding cell.
Arrest At Zimbabwe Mozambique Border
Elliot Nyambira, a Masvingo resident, landed in custody at Chimanimani.
Officers nabbed him near the Mozambique crossing after a public tip.
Roadblock teams flagged him while he headed east overnight.
Travel papers were nowhere on him when the police checked.
Death Of Muchaneta Makuwaza
Muchaneta Makuwaza, aged 50, died in a case tied to her husband.
Authorities linked Nyambira to her killing dated 16 February.
Investigators are still piecing together what actually happened.
A post-mortem will spell out the exact...
A nasty X post targeting the Terengganu royal family has landed one user under federal scrutiny, with devices already bagged for forensic digging.
MCMC probe over X content
Malaysian Communications and Multimedia Commission flagged an X account.
Alleged posts went after the Terengganu royal family hard.
The commission claimed the uploads stirred hostility and public friction.
Investigators hauled the individual to Lanchang police station for questioning.
Seizure and legal consequences
Officers grabbed a mobile phone and a SIM card.
Digital forensics is combing through the seized devices.
The case is framed under Section 233 of the Communications and Multimedia Act 1998.
Conviction could mean up to RM500,000 fine or two years behind...
Nearly a quarter million ringgit vanished after a fake stock site dangled easy cash and kept squeezing for more.
Miri online stock scam fallout
Miri police chief ACP Mohd Farhan Lee Abdullah logged the report.
Victim, in his early 30s, stumbled onto quantumone.asia.
October 2025 browsing turned into opening a trading account.
WhatsApp group screenshots hyped up wild profit bragging.
How the cash spiral happened
Initial RM100 punt allegedly flipped into RM700.
Hooked by that bump, he kept wiring bigger amounts.
Over 27 transfers hit 21 separate bank accounts.
Payments kept getting demanded while profits never landed.
Legal action and public warning
Authorities are probing the mess under Section 420 of the Penal Code.
Mohd Farhan...
