Zimbabwe's Mining Sector Faces Challenges: Pessimistic Forecasts for 2025 Amid Rising Costs
Zimbabwean miners are bracing for a decline in profitability by 2025 due to soaring production costs and an unstable currency. The recently released "Chamber of Mines of Zimbabwe" report highlights concerns over energy demands and unfavorable market conditions for platinum and lithium. Factors such as the domestic economic landscape and international pressures contribute to this dim outlook.
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ABSA CEO Arrie Rautenbach's Early Retirement Marks a New Chapter for the Bank
ABSA Group CEO Arrie Rautenbach has announced his early retirement, effective December 31, 2024. Rautenbach's tenure saw major restructurings and guided the bank through economic challenges. The board is now searching for his successor to ensure seamless leadership transition and future growth.
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