Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
The end that black-controlled JSE-listed Exxaro Resources will put to local zinc refining by December 31 is “clearly unfortunate”, says International Zinc Association of Southern Africa regional director Rob White.
The JSE-listed Exxaro put out a statement on Monday saying that its board of directors had confirmed that the production of zinc at the company’s Zincor refinery in Springs, Gauteng, would cease at year-end.