S.African business feels impact of Zimbabwe controls

(Reuters) - South African companies with operations in Zimbabwe are struggling to comply with the government's new price freeze, a move many said made the crisis-hit country an even less attractive place to do business.

President Robert Mugabe's government has imposed tight profit margins for businesses, stepping up a price rollback drive that has led to empty store shelves, long petrol queues and renewed fears of a total economic collapse.


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Zimbabwe rules out foreign partners in diamond mine

(Reuters) - Zimbabwe will not seek foreign partners to mine diamonds in the east of the country and has stopped all illegal mining in a controversial area granted to a state firm, a government minister said on Monday.

Over 20,000 illegal miners descended on the Marange diamond deposit in the eastern province of Manicaland last August, sparking fears by the World Diamond Council (WDC) that some of the diamonds were finding their way to the black market against rules set up to curb trade in gems from conflict zones.


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