Zimbabwe's artisanal and small-scale miners delivered 23.7 tons of gold in 2024, nearly double the 12.7 tons from large-scale operators, but a parliamentary committee warned that some major producers are exploiting incentives designed for smaller miners. The Portfolio Committee on Mines and Mining Development reported that certain large-scale companies are channeling gold through small-scale operations to access benefits like five percent tax rebates and full foreign currency payments. Small-scale producers have dominated output since 2020, when they contributed 15 tons against 10.5 tons from industrial operations.
The committee recommended amending the Gold Trade Act by November 30 to designate Fidelity Gold as the sole national buyer...
Gold prices climbed to nearly $3,885 per ounce on Wednesday after a US government shutdown delayed key employment data needed for Federal Reserve policy decisions. The suspension forced traders to rely on private sector reports, and ADP Research showed a sharp September decline in payrolls. Markets increased expectations for two more Fed rate cuts this year to support weakening employment numbers.
The precious metal has surged 48 percent in 2025, heading toward its strongest annual performance since 1979. Central bank purchases and growing investment in gold-backed exchange-traded funds have driven the rally, with September ETF inflows reaching their highest level in three years. The Supreme Court blocked President Donald Trump from...
Twine and Cordage Group has launched a five-year turnaround strategy to increase production and strengthen its position across Africa. Chief executive Terrence Chimanya told journalists the initiative aims to expand manufacturing capacity, and the company recently invested $1 million in plant upgrades. The program addresses power shortages through regional partnerships, and management restructuring has helped the firm reach output levels not seen in four years.
The Harare-based manufacturer processes cotton lint and synthetic fibers into agricultural and industrial products for markets spanning from Malawi to Canada. Sixty percent of sales occur domestically, while 40 percent reach regional buyers. The company plans to expand its...
Chiedza Dhururu scored an unbeaten 67 in her maiden T20I half-century, but Zimbabwe's women's cricket team fell 35 runs short against the United Arab Emirates at Queens Sports Club on Saturday. The Lady Chevrons could only manage 148 runs while chasing 184, giving the visitors a 1-0 series lead before the final match on Sunday.
UAE captain Esha Oza smashed 97 off 55 balls, falling three runs short of her first T20I century, while Theertha Satish contributed 49 in their 142-run opening partnership. Lindokuhle Mabhera claimed two wickets for 29 runs, and Josephine Nkomo added one for 25 as the UAE finished at 183/3.
Samaira Dharnidharka dismantled Zimbabwe's top order with a hat-trick, leaving the hosts at 17/3 before Dhururu and Nkomo...
Highlanders secured a valuable point in their relegation battle after holding Herentals College to a scoreless draw at Rufaro on Saturday. The result lifted Highlanders to 35 points, moving them above CAPS United into ninth place on goal difference in a tight survival race. Coach Pieter De Jongh employed a compact formation to neutralize Herentals, and the defensive strategy proved effective despite the Students controlling long stretches of the match.
Herentals dominated possession even without captain Tino Benza, who was rested on medical advice, but struggled to convert chances into goals. Defender Arthur Ndlovu nearly scored an own goal early on, but goalkeeper Ariel Sibanda made a sharp recovery. Innocent Benza came closest to...
West Indies Test captain Roston Chase blamed inadequate finances and substandard infrastructure in the Caribbean for his team's ongoing batting woes after India defeated them by an innings and 140 runs in Ahmedabad on Saturday. The visitors managed only 162 and 146 in their two innings, and they failed to bowl out India in the match. Chase acknowledged the struggle while emphasizing that players must still take responsibility for their performances.
The all-rounder cited poor training facilities, unhelpful pitch conditions, and slow outfields as contributing factors to the team's difficulties. The West Indies have surpassed 250 runs just once in their past 15 Test innings. Chase stressed that failing to bat through a full day after...
A Boston Celtics player sustained a bleeding injury during an intense practice session that emphasized physical competition ahead of the upcoming season. The athlete collided with a teammate and suffered a substantial cut that left him visibly affected. The coaching staff expressed confidence in the team's ability to recover from the setback while maintaining focus on player health. The franchise prepares for playoff contention by balancing aggressive training methods with injury prevention protocols.
The Phoenix Suns face predictions of one of their worst seasonal records in franchise history as roster changes and injury concerns create uncertainty. The organization historically demonstrated resilience and competitive performance, but current forecasts suggest the team may struggle to maintain that legacy through the upcoming campaign. League dynamics and personnel adjustments contributed to a decline in optimism surrounding the Arizona franchise.
The Suns enter a rebuilding phase as pressure mounts on the organization to adapt and compete. Fans and analysts monitor how the team navigates challenges while attempting to exceed low expectations. The franchise stands at a critical juncture that will test its ability to recover and...
Lewis Hamilton received a five-second penalty at the Singapore Grand Prix on Sunday after exceeding track limits while managing brake problems. The Mercedes driver fell from sixth to eighth place behind Fernando Alonso, and stewards rejected Hamilton's explanation that mechanical issues forced him off circuit boundaries. Hamilton maintained a 52-second advantage over Alonso on lap 58 before losing pace significantly over three consecutive laps.
Alonso expressed frustration over team radio as Hamilton's lead diminished in the final corners. The Aston Martin driver finished one-tenth of a second behind Hamilton before officials applied the time penalty. Race stewards determined brake management did not justify multiple track limit...
Trending content
-
-
Q
-
-
