The government created a 5 percent reward for gold miners to stop smuggling and help formalize more than one million small operations. Political expert Dereck Goto said on X that people misunderstood the letter from Finance Secretary George Guvamatanga dated September 4, 2024. He explained that this payment to Gaingrid Investments represents official policy rather than corruption. The company buys gold from miners to deliver to Fidelity Gold Refinery. These actions aim to strengthen Zimbabwe's gold reserves, which support a stable local currency.
Officials recently changed rules to let smaller miners join the program. They lowered the amount needed from 20kg down to just half a kilogram of gold. This change allows even tiny operations to earn the 5 percent bonus through legal channels instead of illegal sales. A Finance Ministry worker defended Guvamatanga against social media attacks. The secretary simply did his job according to the law. Any person serving as Permanent Secretary would sign similar documents to make these policies work properly.
Officials recently changed rules to let smaller miners join the program. They lowered the amount needed from 20kg down to just half a kilogram of gold. This change allows even tiny operations to earn the 5 percent bonus through legal channels instead of illegal sales. A Finance Ministry worker defended Guvamatanga against social media attacks. The secretary simply did his job according to the law. Any person serving as Permanent Secretary would sign similar documents to make these policies work properly.
