Business Articles

Government Signs Production-Sharing Pact with Invictus

Australian Securities Exchange-listed gas explorer, Invictus Energy Ltd has requested a trading halt on its shares and options as it closes in on a long-negotiated Petroleum Production Sharing Agreement (PPSA) with the Government of Zimbabwe. In a deal that could...

Pick n Pay closes 56 stores as turnaround strategy takes shape

Pick n Pay has shut down 56 stores across South Africa during its 2026 financial year as part of a major restructuring programme aimed at restoring profitability, the retailer said as it released its full-year results. The closures, which spanned the group’s...

Zimbabwe Ships First Lithium Sulphate

Johnson Progress Zimbabwe has exported Africa’s first lithium sulphate, a processed intermediate product, as part of a high-stakes strategy to force foreign mining firms into local refining. The consignment was shipped last month by Prospect Lithium Zimbabwe, a...

Zimbabwe Bans Foreigners from Small-Scale Gold Mining, Sets 2027 Deadline for Exit

Johnson Progress The Zimbabwean government has immediately barred foreign nationals and wholly foreign-owned entities from participating in small-scale gold mining, reserving the sub-sector exclusively for indigenous citizens and local companies. The new regulations,...
WordPress PopUp Plugin