Shareholders pump $19bn into troubled RioZim

RioZim Limited shareholders have injected $19 billion to prop up the troubled resources outfit, which last week reported wide-ranging write downs for the half-year period to June 30, 2022.

Output in the Zimbabwe Stock Exchange-listed group’s flagship gold interest fell by 30%, as diamonds operation Murowa suspended production shifting to processing low grade stockpiled dumps.

At Murowa, output for the period fell 52% below prior year, according to chairperson Saleem Rashid BeebeeJaun, who raised the red flag over the group’s going concern status.

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