Tuli Coal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Thursday, December 17, 2020  NewsdzeZimbabwe   THE Reserve Bank of Zimbabwe (RBZ) has privatised its gold refining business, ending a monopoly that has been enjoyed by Fidelity Printers and Refiners. Fidelity controls Zimbabwe’s gold trade as well as the minting and printing of local currency. In a statement, governor John Mangudya (pictured) said the central bank’s board of directors agreed to a restructuring exercise that will see the bank disposing Tuli Coal and unbundling of Fidelity Printers and Refiners into two business entities. The unbundling will see partial privatisation o...

HARARE (Bloomberg) –Zimbabwe’s central bank plans to sell a majority stake in the southern African nation’s sole gold-buying firm in a bid to boost compliance with trading of the precious metal. Fidelity Printers and Refiners will be split in two, with 60% of its gold-refining business sold to private investors, the Reserve Bank of Zimbabwe said in an emailed statement. The central bank would retain a 40% stake, plus full ownership of the separate printing and minting business, it said. “The unbundling of FPR is designed to partially privatize the gold refining business,” central ba...