HARARE Zimbabwe (Xinhua)
-- Zimbabwe’s leading gold producer RioZim
has once again suspended operations at its three mines following
failure by the Reserve Bank of Zimbabwe (RBZ) to allow producers to
maintain 55 percent of their foreign currency earnings in their
nostro accounts as per promise.
The Zimbabwe Stock
Exchange-listed miner had initially stopped operations at the mines
last October but resumed them a month later after getting a
commitment from the central bank that it would get enough foreign
currency to meet its operational requirements.
Gold producers in Zimbabwe sell their gold only to Fidelity
Printers and Refiners, a subsidiary of the RBZ.
In a statement to shareholders on Friday, RioZim said it had
withdrawn an earlier cautionary statement issued in October 2018
because RBZ had committed to provide it with adequate foreign
currency to meet its operational requirements following its
involuntary suspension of operations.
As part of the commitments made to gold producers in November
2018 to support their operations, the Reserve Bank of Zimbabwe
undertook to allow all gold producers to maintain 55 percent of
their export earnings in their foreign currency nostro accounts and
to increase export incentives on all minerals, the company said.
However, notwithstanding these commitments, the central bank had
been failing to meet them, resulting in the company experiencing
significant and persistent delays in payment of its foreign currency
allocation for deliveries made to Fidelity Printers and Refiners (Pvt)
Ltd since December 2018.
The three affected mines are Cam & Motor, Renco and Dalny.
The company said gold business contributed around 90 percent of
its total revenue and the latest stoppage would therefore have a
material impact on its performance.
It said it was in the interim engaging the RBZ, the Chamber of
Mines and other authorities on how to expediently resolve the
Zimbabwe is reeling from foreign currency shortages and the
central bank is trying to spread the available funds across various
sectors of the economy, disadvantaging most of the foreign currency
earners in the process.
Zimbabwe teachers continue
strike despite warning of salary cut
HARARE Zimbabwe (Xinhua) --
The strike by some Zimbabwean public school teachers
which started Tuesday continued to Friday despite a warning from the
government to cut their salaries for time away from work.
A school headmaster in Glen View told Xinhua that teachers had
stayed away from work Thursday and Friday in his area.
The government on Thursday warned the striking teachers that it
would not pay them for hours spent away from work.
This follows threats by two teacher organizations that their
members would intensify the strike starting Friday, citing
government’s failure to address their grievances over low salaries
and other conditions of service.
Secretary for the Public Service Commission Vincent Hungwe said
in a statement that the government would apply the "no work, no pay"
The strike started at a low key Tuesday with a higher number of
teachers reporting for duty.
However, it has since escalated with another school head in
Macheke, Masholand East Province, saying that at his school about 40
percent of teachers had not reported for duty.
The two largest teachers’ unions in the country, the Zimbabwe
Teachers Association and the Progressive Teachers Union said in a
joint statement Thursday that about 80 percent of their members had
heeded the call to strike.
The two teacher unions have gone ahead with the strike while
smaller teacher unions and the rest of the civil service have
decided to seek further negotiations with the government.
A deputy school head in Highfield, also south-western Harare,
said all teachers at the school had turned up for work, revealing
the division among the teachers on the course of action to take.
Zimbabwe government warns
parents against sending
children to study abroad without adequate financing
HARARE Zimbabwe (Xinhua) --
The Zimbabwe government on Wednesday warned parents and guardians
against sending their children to study abroad if they do not have
sufficient financial resources to cater for their studies and
The Ministry of Higher and Tertiary Education said some
Zimbabweans were getting arrested, imprisoned and detained in
foreign countries for various crimes and among these were students
who would have failed to pay their tuition on time.
"We wish to warn parents and guardians intending to send their
children to study abroad that they should do so only if they have
adequate foreign currency to sustain their children for the entire
study period," the ministry said in a statement.
It acknowledged that Zimbabwean students studying abroad were
facing serious challenges such as payment of tuition and
accommodation due to ongoing foreign currency shortages in the
Some students also sought enrollment abroad ignorant of the costs
involved and often assumed that life in those countries is cheap and
that they could easily find well-paid part-time jobs.
"When they find that not to be the case, they often undertake
illegal activities to supplement their income and often end up being
detained and deported," the ministry said.
The ministry therefore warned parents on the proliferation of
bogus education and scholarship agents who are fleecing prospective
students of their money.
Zimbabwe President’s main
says to boycott national dialogue meeting
HARARE Zimbabwe (Xinhua) --
Zimbabwean President Emmerson
Mnangagwa’s main political rival and MDC leader Nelson Chamisa has
said he will not attend the meeting with the President and other
candidates of the 2018 presidential election to discuss a framework
for post-election dialogue.
Mnangagwa, through the Chief Secretary to the President and
Cabinet Misheck Sibanda, had on Tuesday invited all presidential
candidates to the meeting scheduled for late Wednesday afternoon at
However, Chamisa, who refuses to accept Mnangagwa as the duly
elected President, posted on Twitter Wednesday morning that there
was need for a credible convener to resolve the economic and
political crisis bedeviling the country.
Fellow former candidate Noah Manyika of Build Zimbabwe Alliance
said on Twitter Tuesday night that MDC spokesperson Jacob Mafume had
told him that Chamisa would not attend the meeting until certain
conditions had been met.
The party also wants an international mediator to convene such a
meeting, Manyika said, adding that he did not believe that Mnangagwa
had created the right conditions for dialogue.
"He (Mafume) said that the MDCA considers any talks meaningless
when people are in jail.
"The MDCA is also demanding that soldiers must go back into the
barracks before any meaningful discussions can start," he said.
Mafume had also said that political dialogue should be held by
presidential candidates that got votes and not just a huge group of
meeting with no constituents to speak on behalf of.
Many candidates failed to win meaningful votes during the
election and are deemed to have little relevance in the proposed
Political commentator Pedzisai Ruhanya also questioned the need
to invite all presidential candidates to the meeting.
More than 700 people were arrested following violent
demonstrations that rocked several parts of the country after
Mnangagwa announced fuel price increases of more than 150 percent.
Official figures put the number of dead people during skirmishes
with the police and military at eight, although independent sources
say at least 12 people died, one of them a policeman.
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