Skip to main content

THE HOUSE THAT FORGOT HOW TO LAUGH

 There was no love missing in our house, because there was no love left to miss.That was our secret. We were not sad. Sad would have been easier.In House 24, 2nd Street, Germiston - the Molefes were perfect.6:00 AM - Alarm. 6:15 AM - Mom in the kitchen. The sound of the spoon against the pot. Same pot. Same porridge. Every day for 7 years. 6:30 AM - Dad at the table. Phone brightness on his face. He nods at Mom. Mom nods back. That's their good morning. 6:45 AM - Me and Junior. We eat with the TV on mute. Mom says TV at breakfast rots your brain, so we watch the pictures move with no sound.No one shouts. No one throws plates. Our neighbors who scream at each other at night - they have more life than us.We just... live. We pay. We eat. We sleep. We repeat.Then Mrs. Khumalo gave us the project."Grade 4s, for Life Skills this week: Record 10 moments your family laughed together."I took my pink notebook home like it was gold.DAY 1 - Monday I wrote the date and waited. Dinner....

Zimbabwe to allow miners to export portion of their gold

 As the bank gradually eases its control of gold trading in the country.

Image: Andrey Rudakov/Bloomberg

Zimbabwe’s central bank will allow large-scale gold mining companies to directly export a portion of their bullion, an official said, as the bank gradually eases its control of gold trading in the country.

The central bank-owned Fidelity Printers and Refiners (FPR) is the sole buyer, refiner and exporter of gold in the southern African nation but has at times struggled to pay producers.

Moneyweb Insider INSIDERGOLD

Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

Click here for more information.

Reserve Bank of Zimbabwe’s director of exchange control Farai Masendu said in a circular that miners who increased gold production above their average monthly output would be allowed to directly export that portion.

This would “enable them (gold miners) to secure funding in form of gold loans, to enhance their gold production,” said Masendu.

The central bank plans to unbundle FPR into two separate companies and sell a majority stake in the new gold refinery business to miners.

The government says gold worth $1.2 billion is illegally exported from Zimbabwe annually. Small-scale miners, which extract most of the precious metal in Zimbabwe, blame low prices and late payments by FPR for the leakages.

COMMENTS   2

Sort by:

You must be signed in to comment.

SIGN IN SIGN UP

Comments

Popular posts from this blog

This New Ultralight Aircraft May Be World’s Fastest Single-Engine Business Jet

800 HP Bronze Lamborghini Urus With Mansory Carbon Kit Is Worth $500,000

How High Do Planes Fly: A Ceiling Height Comparison