Business Articles

RioZim misses gold boom as output collapses by 80 percent

RioZim has endured one of the weakest production years in its history after gold output plunged by 80 percent in 2025, leaving the company unable to benefit from one of the strongest bullion price rallies on record. Annual results show the struggling miner produced...

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...
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