- Published on 11 October 2017
Exports have shot up to US$4 billion as at September 29, 2017, with the mining sector continuing to outshine other sectors of the economy, raking in a staggering US$1,718 billion – representing 68 percent of total earnings – largely driven by gold. Statistics from the Reserve Bank of Zimbabwe (RBZ) show that export receipts stand at US$4,04 billion.
The figure is already higher than the US$2,8 billion generated all of last year. Of the export earnings realised up to September 29, gold – arguably the metal driving the economy – has raked in US$683 million – representing a 38 percent contribution to overall exports. Platinum, which Government is keen to beneficiate locally to increase revenues, has generated US$653,2 million which translates to 36 percent of total export earnings. Ferrochrome comes third on US$236 million – which implies a 34 percent contribution while chrome has brought in US$73,3 million. Diamonds pumped in US$64 million while “other” exports generated a combined US$93 million for the period to September 29, 2017. (Sunday Mail)