As local currency tumbles: The "Mosi-oa-tunya" coin, named after Victoria Falls, can be converted into cash and be traded locally and internationally. ...
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Zimbabwe’s central bank has approved a regulation that will allow the country’s power utility, Zimbabwe Power Company, to bill the exporters of goods and services in dollars, euros and other foreign currencies.
Exporters and partial exporters will have to pay their electricity bills at the international cross rate, according to the Exchange Control Order published in the Government Gazette on Monday. ...
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... Jersey-based Caledonia will buy Bilboes Gold Ltd. for about US$53.3 million (R920 million) in shares, plus a royalty on revenues, it said in a statement on Thursday. The purchase could make Caledonia Zimbabwe’s biggest gold producer, with the potential to more than double its annual output to over 200,000 ounces. ...
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