National Foods thrives from the drought

March 26, 2004

Droughts are good for milling companies. Despite rising inflation, cash shortages, shortage of maize and wheat, National Foods managed to…

Nedcor lets Old Mutual down

March 26, 2004

Poor results from its South African banking subsidiary, Nedcor, which were heavily impacted by the holding of excess US dollars…

Fidelity Life profit up 1157%

March 26, 2004

Fidelity Life had a good start as a listed company. Though gross premium from the individual life division grew by…

Gold production at Freda-Rebecca down

March 26, 2004

Gold production at Freda-Rebecca Mine, the Ashanti Goldfields operation in Zimbabwe, dropped by almost half from 98 255 ounces in…

Diamond production at Murowa to start in third quarter

March 26, 2004

Production at Rio Tinto's Murowa diamond mine is expected to start in the third quarter of this year. In its…

Econet doubles average revenue per user

March 26, 2004

Econet, Zimbabwe's largest mobile cellular provider, more than doubled its average revenue per user between June and December last year.…

TSL profit up 576% despite 50% drop in tobacco crop

March 26, 2004

Tobacco heavyweight, TSL, saw its net profit for the year ending October soar by 576 percent, beating annual inflation for…

Chemco defies odds

March 26, 2004

Despite a 40 percent decline in volumes, which was due to market shrinkage and not loss of market share, Chemco…

Hunyani exports grow by 45 %

March 26, 2004

A 45 percent growth in exports mainly to Zambia and Kenya, saw volumes at Hunyani grow by 6.7 percent during…

Zimbabwe poised for good harvest

March 26, 2004

The jingle is now boring. Some might even say it is irritating. The dance is obscene. It verges on child…