Search / De beers
State diamond firm lays off hundreds to avoid collapse
Zimbabwe's state-controlled diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has launched a major retrenchment exercise in a desperate bid to stave off collapse, following a brutal cra...Published: 13 Jul 2025 at 11:08hrs | 132 | by Staff reporter
Botswana's new president agrees to only 30% share of diamonds sales
After years of negotiations, Botswana has secured a landmark 10-year diamond sales agreement with De Beers, enhancing its share of revenue from the Debswana joint venture. The new deal marks a signifi...Published: 27 Feb 2025 at 13:29hrs | 1147 | by Staff reporter
Zimbabwe's Matebeleland might have a claim in Botswana's Tati concession
The government of Botswana, through the Ministry of Lands and Agriculture, acquitted 45,000 hectares of land from the Tati company under the willing buyer and willing seller arrangement. The Botswana ...Published: 04 Dec 2024 at 10:10hrs | 22677 | by Zenzele Ndebele
Zanu-PF is the big monster
AS recent as last week, Elon Musk's fortune had swelled to a stupendous and eye-watering US$348 billion, making him probably the richest man on the planet.It is just obscene that one person's ...Published: 01 Dec 2024 at 08:25hrs | 307 | by Bishop Lazarus
Why Botswana's shift has Zimbabwe's Zanu-PF on edge
As the region and the continent at large continue to digest the outcome of the recent Botswana elections and their ramifications reverberate across borders, a bigger debate is unfolding on the changin...Published: 14 Nov 2024 at 14:39hrs | 1258 | by Ntibinyane Ntibinyane
Botswana to legalise undocumented Zimbabweans
Botswana’s new president has told the BBC that he wants undocumented Zimbabweans to be legalised by granting them temporary work and residence permits."They do jobs that would otherwise not ...Published: 08 Nov 2024 at 05:49hrs | 10712 | by Staff reporter
Reason why Masisi lost Botswana elections
Botswana's new president Duma Boko said on Friday he wanted to conclude talks for a new sales pact with global diamonds mining giant De Beers as soon as possible.“The relationship with De Be...Published: 04 Nov 2024 at 07:06hrs | 4965 | by Staff reporter
Zimbabwean diamonds not as valuable as widely believed
The Minerals Marketing Corporation of Zimbabwe (MMCZ) has disclosed that local diamonds, primarily found in Manicaland Province, do not possess the widely assumed high value, with approximately 75% of...Published: 25 Oct 2023 at 06:32hrs | 23 | by Staff reporter
Bad leadership behind Zimbabwe's impoverishment
FORMER Finance minister in the Government of National Unity (GNU) Tendai Biti has blamed poor political leadership and a shambolic mineral resource governance strategy for the stagnation in Zimbabwe's...Published: 23 Oct 2023 at 10:50hrs | 6 | by Staff reporter
Masisi gets better value for Botswana diamonds from De Beers
Botswana and De Beers Group have agreed a new diamond sales deal in which the African country, the world's No. 1 diamond producer by value, gradually increases the share of rough stones it gets ...Published: 03 Jul 2023 at 13:03hrs | 12 | by Staff reporter
Mnangagwa threatens Cecil John Rhodes' grave
PRESIDENT Emmerson Mnangagwa has threatened to "take action" if the British failed to claim the remains of Cecil John Rhodes buried at Matobo in Matebeleland South province.He made the remarks...Published: 03 Jul 2023 at 07:15hrs | 11 | by Staff reporter
Botswana threatens to sever ties with diamond giant De Beers
Botswana's President Mokgweetsi Masisi has warned that his country may sever ties with diamond giant De Beers if talks to renegotiate a sales deal prove unfavorable to his government.Masisi al...Published: 16 Feb 2023 at 04:57hrs | 1 | by Staff reporter
Mnangagwa donates farming equipment, bus to Solusi
PRESIDENT Mnangagwa yesterday donated an assortment of equipment that will help transform the Seventh Day Adventist-run Solusi University in Figtree, with the consignment including tractors with ploug...Published: 14 Nov 2022 at 05:10hrs | 16 | by Staff reporter
The destructive force of corruption
IN my business life I have handled several billion dollars of revenue and expenditure over a period of 65 years. In that time, I have been blatantly approached and asked for a bribe once — by a loca...Published: 07 Sep 2022 at 06:46hrs | 5 | by Eddie Cross
Oppenheimer family blocks mineral exploration at their cattle ranch in Matabeleland
The Oppenheimer family has secured a court interdict in Zimbabwe to block mineral exploration at its cattle ranch in Matabeleland South.The 65 000-hectare Shangani Ranch holds at least 8 000 c...Published: 04 Jul 2022 at 19:36hrs | 1 | by Staff reporter
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 20 | by Phillip van Niekerk and a Zim-based Research Team
Strive Masiyiwa net worth jumps 125%
The net worth of Zimbabwe's telecoms tycoon Strive Masiyiwa, who has recently been appointed to the Bill and Melinda Gates Foundation board, has surged 125 percent to US$2.7 billion (R41.3 billion), F...Published: 28 Jan 2022 at 05:55hrs | 1 | by Staff reporter
Mnangagwa wants Cecil John Rhodes remains taken to Europe
PRESIDENT Emmerson Mnangagwa has suggested that the remains of British imperialist Cecil John Rhodes can be removed from the Matopos National Park in Matabeleland South and returned to the Unite...Published: 19 Dec 2021 at 07:10hrs | 14 | by Staff reporter
Who owns South Africa?
FORMER South African President Jacob Zuma did not bring the Guptas to South Africa. His folly was allowing the Guptas to be bigger than the Oppenheimers.Atul settled in Johannesburg and sold s...Published: 16 Jul 2021 at 09:12hrs | 3 | by New York Times
Suffocating enablers of Zimbabwe's vision is the new plot
When the European Union and its big brother, the US, imposed sanctions on Zimbabwe, the central object as the then US Assistant Secretary of State for African Affairs, Chester Crocker put it, was to m...Published: 15 Jul 2021 at 09:15hrs | 18 | by Tafara Shumba
State agents swarm Chilonga
STATE security agents have reportedly deployed heavily in Chilonga, Chiredzi district amid fears that they want to flush out strangers and contain the flow of information on government activities in t...Published: 15 Mar 2021 at 05:05hrs | 1 | by Staff reporter
Mnangagwa shocked by UK hostility
PRESIDENT Emmerson Mnangagwa yesterday said he was shocked by the United Kingdom's current hostile attitude towards Zimbabwe, especially considering the two countries' "excellent relations" dating bac...Published: 31 Oct 2020 at 06:29hrs | | by Staff reporter
Zimbabwe mineral exports in 9% jump
Zimbabwe has recorded an 8,7 percent jump in mineral exports to $910 million in the first half of the year compared to the same period last year, statistics from the Minerals Marketing Corporation of ...Published: 14 Jul 2019 at 12:30hrs | 2 | by Staff reporter
Botswana Defence Forces foiled coup attempt against Masisi?
The Commander of Botswana Defence Force Lt. General Placid Segokgo last week deployed military assets including armoured tanks and personnel in key strategic in anticipation of a coup against Presiden...Published: 09 Apr 2019 at 08:51hrs | 30 | by Staff reporter
ZANU PF proposes to give away platinum to foreign Capitalists
In 1991, the Zimbabwean economy took its first major dive with the adoption of the IMF/World bank neo-liberal "Economic Structural Adjustment Programme" (ESAP). In Zimbabwe, this process was headed by...Published: 18 Mar 2019 at 10:06hrs | 2 | by ZCP
Mnangagwa, Alrosa strike joint diamonds deal
GOVERNMENT will be partnering leading Russian diamond producer Alrosa Diamond Company (Alrosa) in the extraction and processing of gemstones from numerous deposits which have been confirmed across the...Published: 25 Jan 2019 at 14:31hrs | | by Staff reporter
Zimbabwe lines up 10 diamond auctions
Zimbabwe is looking at conducting 10 diamond auctions this year, as it seeks to generate more revenue from the gems, the country's minerals marketing agency has said. The targeted auctions are...Published: 10 Jan 2019 at 07:38hrs | 2 | by Staff reporter
De Beers snubs Zimbabwe invitation to mine diamonds in Marange
De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Ch...Published: 18 Dec 2018 at 07:42hrs | 1 | by Reuters
Grand theft: How diamonds were looted in Marange
In June 2006, one of the world's largest alluvial diamond deposits was discovered at Marange in eastern Zimbabwe. Estimated to yield between US1 to 1.7 billion dollars per annum, the revenue from thes...Published: 09 Nov 2018 at 13:59hrs | 19 | by Mandla Ndlovu
Mnangagwa meets Russians
THE world's second biggest diamond mining company, Alrosa, is in Zimbabwe exploring investment opportunities amid huge optimism the Russia-based firm, whose annual turnover stands at $4 billion, could...Published: 22 Apr 2018 at 10:05hrs | | by Staff reporter
Diamond giant wants Zimbabwe gems
The world's second biggest diamond mining company, Alrosa, is in Zimbabwe exploring investment opportunities amid huge optimism the Russia-based firm, whose annual turnover stands at $4 billion, could...Published: 22 Apr 2018 at 09:53hrs | | by Staff reporter
Mnangagwa meets Russians
THE world's second biggest diamond mining company, Alrosa, is in Zimbabwe exploring investment opportunities amid huge optimism the Russia-based firm, whose annual turnover stands at $4 billion, could...Published: 22 Apr 2018 at 09:52hrs | | by Staff Reporter
They lied - De Beers not investing in Zimbabwe anytime soon
LEADING global diamond trading, exploration and mining company De Beers Group remains focused on other African countries in which it is already established with no rush to return to Zimbabwe, our Hara...Published: 27 Feb 2018 at 05:51hrs | 2 | by Staff reporter
Knives out for De Beers
Parliament has started gathering substantive evidence to build a case against the world's leading diamond trading, De Beers Group which collected and exported diamonds when it held only an Exclusive P...Published: 23 Feb 2018 at 06:08hrs | | by Staff reporter
Stanford Graduate School of Business Launches Two Educational Opportunities to Empower Youth and Entrepreneurs in Southern Afric
STANFORD, California - Stanford Graduate School of Business (www.GSB.stanford.edu) (Stanford GSB) today announced a USD $3 million, three-year partnership with ...Published: 18 Aug 2017 at 09:27hrs | 2 | by APO
Meet Southern Africa's billionaires
There are 11 billionaires from the Sadc region on this year's Forbes list of 25 billionaires on the African continent.The list, released in March, showed that Mohammed Dewji of Tanzania is sti...Published: 08 Aug 2017 at 08:07hrs | 17 | by Staff reporter
India warns Zimbabwe
ZIMBABWE should not trust any country across the world in the exploitation of her natural resources without ensuring maximum benefits to its citizens, an official has said.Speaking during the ...Published: 01 May 2017 at 14:03hrs | | by Staff reporter
Jonathan Moyo stop dabbling in Zanu-PF succession politics
In history and to the outsider, Zimbabwe has always been a fabulous illusion. An Ophir. An El Dorado, a home to the Queen of Sheba. If the wishes of early European "pathfinders" were horses, Zimbabwe ...Published: 14 Jan 2017 at 08:38hrs | 2 | by Nathaniel Manheru
Revolution is pseudo, Mat'land never forced to take part, says Nkala! A smart way to rid oneself of collective responsibility
Ask any true revolutionary comrades who fought in the war or who took part in any action that demanded sweeping rebellious, radical new situation, demanding change in its absolute totality, demanding ...Published: 03 Sep 2016 at 14:02hrs | | by revolution
Zim consolidates diamond mining in Chiadzwa
Zimbabwe has consolidated diamond mining operations in Chiadzwa procedurally and indicated that it will not dump this model as it has worked effectively in other countries, a Cabinet minister has said...Published: 22 May 2016 at 09:35hrs | 2 | by Lincoln Towindo
Zimbabwe liberation process is a work in progress
War vets have no bigger or smaller stakes than any other Zimbabweans if their sacrifice was genuinely reflective of national interest. Issue nee...Published: 25 Mar 2016 at 07:34hrs | | by Andrew M Manyevere
Corruption: a lesson from Iran
The most persistent thorn in Zimbabwe's side is the scourge of corruption. Although it is unworkable to completely wipe out corruption, the vice can at least be hugely reduced if a leaf is plucked fro...Published: 10 Mar 2016 at 18:49hrs | 2 | by Tafara Shumba
LISTEN: Mugabe 92 birthday interview
Tazzen Mandizvidza (TM): Hello and welcome to the programme, "The President@92", this is a special programme in which we talk to the president of the Republic of Zimbabwe who turned 92 on the 21st of ...Published: 05 Mar 2016 at 07:21hrs | 2 | by Staff reporter
Chiadzwa miners robbed us, says Mugabe
President Mugabe said Government has not received meaningful returns from the Chiadzwa diamond fields and that private companies mining there have robbed the State. He said the consolidation o...Published: 04 Mar 2016 at 06:11hrs | | by Tendai Mugabe
China agrees to train Zim diamond cutters
CHINA has agreed to train locals in diamond cutting and polishing, with the first batch of 25 students leaving for the Asian country next month, as part of Government's quest to value add the mineral ...Published: 28 Feb 2016 at 08:20hrs | 2 | by Dumisani Nsingo
Chiadzwa diamonds lose their glitter
Diamond production in Chiadzwa plummeted from 12 million carats in 2012 to 3,36 million carats in 2015 due to diminishing alluvial deposits and anxieties over amalgamation of companies operating there...Published: 14 Feb 2016 at 10:38hrs | 1 | by Staff reporter
Zimbabwe's mineral wealth: From purse to zurse
FOR those of you who, like me, with a deep interest in the subject of political economy, will remember the phrase 'resource curse'. A quick reference to Wikipedia will tell you that the term&nbs...Published: 08 Aug 2015 at 07:34hrs | 1 | by Welshman Ncube
Cecil John Rhodes said he would build UCT 'Out of the Kafirs' Stomach'
UCT students are constantly reminded of the important part the money of the Rhodes Trust played in founding UCT: the statue on the steps, and, in the library, a bust and numerous photographs of Rhodes...Published: 13 Apr 2015 at 08:32hrs | 3 | by DAVID JOHNSON reveals a little-known statement by Cecil John Rhodes
'Put Rhodes statue in public for all to see'
THE statue of Cecil John Rhodes which was removed from Bulawayo's city centre after independence and erected outside the Natural History Museum, and all other colonial monuments in Zimbabwe must remai...Published: 12 Apr 2015 at 09:08hrs | 1 | by Lawson Mabhena
I feel vindicated, says Mugabe
PRESIDENT Mugabe turned 91-years-old on the 21st of February, and had his birthday celebrations in Victoria Falls over the weekend. As per tradition, the President granted an interview to ZBCtv Curren...Published: 03 Mar 2015 at 06:29hrs | 2 | by Chris Chivinge
Load More Stories
