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Nationwide protests have taken place since October 7 despite the disbanding of the controversial Special Anti-Robbery Squad (SARS) police unit.

The demonstrators have been accused of attacking police stations and personnel. 

The rallies which are mostly attended by young people have become avenues to vent against corruption and unemployment. 

Rights groups say at least 15 people have been killed the demonstrations began in early October.

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BY SHAME MAKOSHORI GOLD and platinum have been placed at the heart of efforts to push Zimbabwe’s mines back to growth next year, official data showed at the weekend, confirming the importance that government attaches to the country’s vast mineral endowment. The data was released as President Emmerson Mnangagwa’s under fire administration battles to find solutions to a gruelling economic crisis which is now in its 20th year. In an ambitious pre-budget strategy paper released on Friday projecting a sharp inflation slowdown by the end of 2020, Finance minister Mthuli Ncube promised to refine the investment climate and attract fresh capital to help overturn a projected 0,4% slowdown this year to a 7,4% growth in 2021. He said the groundwork towards achieving the target, which started with rolling out of the hyped US$12 billion mining strategy last year had kicked off with the deployment of significant resources towards exploration. “The sector is expected to grow by 7,7% in 2021 from a projected contraction of 4,1% in 2020,” the strategy paper said. “Recovery will be driven by almost all minerals including gold, PGMs and diamond. The sector is expected to benefit from relatively higher prices of gold and PGMs. Government will continue to implement measures to attract investment and bring transparency in the sector. Government will prioritise finalising amending of the Mines and Minerals Act to bring a market-based conducive investment climate providing stability, consistency, competitiveness and transparency in the sector. This should also pave way for the formulation of mineral policies,” the paper said. It has been a fine year for gold, Zimbabwe’s mainstay on the international markets. After difficult 2019, gold prices have rocketed, defying threats posed by a global shutdown inspired by the deadly coronavirus scourge. The gold price hit an all-time high in early August, eclipsing US$2 075 per ounce, and is projected to average US$1 748,45 an ounce during 2020, from a low of US$1 268 per ounce in 2018. The pandemic itself has been credited for driving the charge, possibly as investors shift to store value in traditionally reliable portfolios in the face of global uncertainties stemming out of the virus. For centuries, investors have turned to gold as a safe haven for store of value during downturns, volatilities or crises. It has turned out to be the situation today. Many analysts have predicted that the gold rally is far from over, given the relentless spread of the virus through second waves across regions. This has given reason for optimism towards resource-based economies like Zimbabwe. Platinum prices have also been firming. Government wants to encourage fresh investment into new projects and attract funding to rebuild closed mines, the paper said. Zimbabwe has many closed mines, most of which collapsed under the weight of hyperinflation in 2008. Some of these are owned by the State through Zimbabwe Mining Development Corporation. “Increasing the number of operational mines is important to increase the mining sect

","ShowFullContent":false,"FactText":null,"FactUrl":null,"RelatedIds":null,"OGImageUrl":null,"OGImageWidth":null,"OGImageHeight":null,"FavIconUrl":null,"FavIconWidth":null,"FavIconHeight":null,"IsLocal":false,"Type":null,"SummaryText":"BY SHAME MAKOSHORI GOLD and platinum have been placed at the heart of efforts to push Zimbabwe’s mines back to growth next year, official data showed at the weekend, confirming the importance that government attaches to the country’s vast mineral endowment. The data was released as President Emmerson Mnangagwa’s under fire administration battles to find solutions to a gruelling economic crisis which is now in its 20th year. In an ambitious pre-budget strategy paper released on Friday projecting a sharp inflation slowdown by the end of 2020, Finance minister Mthuli Ncube promised to refine the investment climate and attract fresh capital to help overturn a projected 0,4% slowdown this year to a 7,4% growth in 2021. He said the groundwork towards achieving the target, which started with rolling out of the hyped US$12 billion mining strategy last year had kicked off with the deployment of significant resources towards exploration. “The sector is expected to grow by 7,7% in 2021 from a projected contraction of 4,1% in 2020,” the strategy paper said. “Recovery will be driven by almost all minerals including gold, PGMs and diamond. The sector is expected to benefit from relatively higher prices of gold and PGMs. Government will continue to implement measures to attract investment and bring transparency in the sector. Government will prioritise finalising amending of the Mines and Minerals Act to bring a market-based conducive investment climate providing stability, consistency, competitiveness and transparency in the sector. This should also pave way for the formulation of mineral policies,” the paper said. It has been a fine year for gold, Zimbabwe’s mainstay on the international markets. After difficult 2019, gold prices have rocketed, defying threats posed by a global shutdown inspired by the deadly coronavirus scourge. The gold price hit an all-time high in early August, eclipsing US$2 075 per ounce, and is projected to average US$1 748,45 an ounce during 2020, from a low of US$1 268 per ounce in 2018. The pandemic itself has been credited for driving the charge, possibly as investors shift to store value in traditionally reliable portfolios in the face of global uncertainties stemming out of the virus. For centuries, investors have turned to gold as a safe haven for store of value during downturns, volatilities or crises. It has turned out to be the situation today. Many analysts have predicted that the gold rally is far from over, given the relentless spread of the virus through second waves across regions. This has given reason for optimism towards resource-based economies like Zimbabwe. Platinum prices have also been firming. Government wants to encourage fresh investment into new projects and attract funding to rebuild closed mines, the paper said. Zimbabwe has many closed mines, most of which collapsed under the weight of hyperinflation in 2008. Some of these are owned by the State through Zimbabwe Mining Development Corporation. “Increasing the number of operational mines is important to increase the mining sect","MaxDetailCharacters":300,"ImageUrl":"https://cdn.blackfacts.net/uploads/blackfacts/facts/2020/10/680c9ba8-c839-4862-9f2a-d0b576bb55fc.jpg","ImageHeight":330,"ImageWidth":660,"ImageOrientation":"landscape","HasImage":true,"CssClass":"","Layout":"","Rowspan":1,"Colspan":1,"Likes":0,"Shares":0,"ContentSourceId":"7B933AE8-03CD-4CB2-9499-82145E19CFCF","SourceName":"NewsDay Zimbabwe - Everyday News for Everyday People","ContentSourceRootUrl":"https://www.newsday.co.zw","ContentSourceIcon":null,"SponsorId":null,"IsSponsored":false,"SponsorName":null,"SmallSponsorLogoUrl":null,"SponsorUrl":null,"HasSmallSponsorLogo":false,"EffectiveDate":"2020-10-19T00:00:00","HasEffectiveDate":true,"MonthAbbrevName":"Oct","FormattedDate":"October 19, 2020","Year":2020,"Month":10,"Day":19,"LastUpdatedDate":"2023-11-25T05:14:39.027","LastUpdatedBy":null,"IsEditable":false,"InsertAd":false,"JSONFactData":"{\"date\":\"2020-10-19T08:08:37Z\"}","JsonExtData":{"date":{"ValueKind":3}},"Html":null,"Css":null,"Script":null,"ScriptHash":null,"Id":167306,"FactUId":"647CF51A-6BB3-4725-B870-3D17EDC1C21F","Slug":"pgms-gold-to-lead-mining-rebound","FactType":"News","VirtualSiteSlug":"blackfacts","Title":"PGMs, gold to lead mining rebound","LocalFactUrl":"/fact/pgms-gold-to-lead-mining-rebound","ResultCount":200,"SearchType":"OmniSearch.RelatedId"},{"FadeSummary":true,"SponsorRedirectUrl":null,"SourceRedirectUrl":"https://ai.blackfacts.com/redirect/ContentSource/42c8fac1-e2c7-4a09-8ca5-16c843dec99e/e44c6f5c-8322-4bd9-b482-25e24d89207f/https%3A%2F%2Fwww.africanews.com","DisplayText":"

President Donald Trump signalled Sudan would be removed from the US list of state sponsors of terrorism if it pays compensation of $335 million to American terror victims and their families.

The move would open the door for Sudan to receive much needed international loans and aid to revive its battered economy.

Sudan has been listed since 1993 when al-Qaeda leader Osama Bin Laden lived in the country as a guest of the government.

The compensation relates to the victims of the 1998 bombings of the US embassies in Kenya and Tanzania, attacks conducted by Bin Laden’s al-Qaida network while he was living in Sudan which killed more than 200 people.

Trump made the announcement on Twitter. 

Sudan's Prime Minister Abdalla Hamdok, who took office last year, welcomed the announcement, also on Twitter. 

The move could also help Sudan's transition to democracy.  Last year a popular uprising led to the military overthrow of autocratic leader Omar al-Bashir.

A military-civilian government now rules the country  with elections possible in late 2022.

The announcement, just two weeks ahead of the U.S. presidential election, also comes as the Trump administration works to get other Arab countries, such as Sudan, to join the United Arab Emirates and Bahrain’s recent recognition of Israel.

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KITH's Latest Collaboration Is Full Of 1990s BMW Nostalgia

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LAS VEGAS (AP) — President Donald Trump sought Monday to buck up his campaign staffers two weeks from Election Day,... View Article

The post Trump calls Fauci 'a disaster': 'People are tired of hearing all these idiots' appeared first on TheGrio.

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Rapper Fabolous and his longtime girlfriend Emily Bustamante showed off their newborn daughter in an Instagram post on Sunday.  Journey... View Article

The post Fabolous, Emily B debut newborn daughter: 'Life is a journey' appeared first on TheGrio.

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As masks continue to become a facet of everyday life, another brand is making some PPE swag. Printing giant Vistaprint has announced its second collection of facemasks featuring art from some of the biggest designers and creatives to ensure you that wearing a mask is necessary and can still be cool. One of the brand's […]

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by Derek Major -The largest Black bank in the U.S. has proudly announced it has achieved a milestone of 100,000 customers after a resurgence of the Black Lives Matter movement and a focus on racial [...]

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The rapper aims to effect change for future generations, recently partnering with neobank company Chime in a national effort to help the youth; details inside.

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The wedding of Real Housewives of Atlanta star Cynthia Bailey to Atlanta sports show host Mike Hill was not filmed... View Article

The post Bravo refused to film Cynthia Bailey's big wedding due to coronavirus concerns appeared first on TheGrio.

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SAN DIEGO (AP) — Court-appointed lawyers said Tuesday that they have been unable to find parents of 545 children who were separated at the U.S. border with Mexico early in the Trump administration. The children were separated between July 1, 2017, and June 26, 2018, when a federal judge in San Diego ordered that children […]

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Residents in Florida and Alaska are reporting that they have been receiving email threats stating to \"vote for Trump of else!\"

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