Union turns the heat on RioZim
The action was taken as the firm now has a massive debt burden, which the court application revealed to be at least US$191 million.
By Concilia Mupezeni
Aug. 21, 2025
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Employees block RioZim's multi-million dollar asset disposal move
According to statements dated May 29 and July 17, 2025, RioZim was negotiating with potential investors for a US$20 million working capital injection.
By Concilia Mupezeni
Aug. 17, 2025
RioZim close to closing major deals to resuscitate business
The action was taken as the firm was saddled with debts amounting to US$191 million.
By Business Reporter
Jul. 22, 2025
Once a mining giant, now an outlier: RioZim in crisis
Cam & Motor Mine produced only 185 kg of gold, a 63% decline from 499 kg in 2023, due to low gold recoveries and a shortage of high-quality ore.
By Kudakwashe Taimo
Jun. 27, 2025
RioZim faces graft complaint over tax, fraud, asset stripping
Zacc Commissioner Kindness Paradza confirmed receipt of the complaint, stating: “We can confirm that we received the report on the 24th of June, and it is under investigation.”
By Freeman Makopa
Jun. 27, 2025
RioZim financial woes deepen
RioZim’s liquidity position also deteriorated.
By Tatira Zwinoira
Jun. 6, 2025
RioZim in talks for US$20m bailout
RioZim’s total liabilities surpassed its assets as of June 30, 2024, by at least US$11 million.
By Tatira Zwinoira
Jun. 4, 2025
RioZim in firing line over US$5m power debt
The document also warned that failure to adhere to the payment terms could result in legal action.
By Lee Musaidzi
May. 9, 2025
Plane crash and meltdown — How billionaire’s death unravelled RioZim
Randhawa’s Cessna 206 dropped from the Zimbabwean sky on a sombre morning — late September 2023.
By Shame Makoshori
May. 2, 2025
