ConCourt gives Zimbabwe’s controversial bond notes , a thumbs up for October 2016 release

  BOND notes will be released into circulation without glitches next month after the Constitutional Court yesterday dismissed, with costs, a challenge by Zimbabwe People First leader Dr Joice Mujuru, describing it as premature and speculative for seeking to challenge bond notes that are not even in circulation. It is the court’s finding that Dr Mujuru has to wait until the notes are introduced in order to point to the illegalities in them and the…

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Zimbabwe Diamond Firms Face Closure After Drastic Fall In Output

The government is unlikely to renew mining licences for all diamond mining companies in Chiadzwa because they defaulted on their fees and did not show intentions to renew their papers, parliamentarians heard yesterday. Mines and Mining Development Minister Walter Chidhakwa told Members of Parliament and ministers attending a pre-budget seminar in Victoria Falls that diamond output had drastically dropped in the past few years. He also told the MPs that Hwange Colliery management could soon…

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