Dairibord’s diversification pays off

April 23, 2004

Dairibord Zimbabwe's diversification is now paying off. Non-milk-based products contributed almost 60 percent of the company's operating profit during the…

First Bank is in very good shape

April 23, 2004

First Banking Corporation, one of the indigenous banks that had been blacklisted by established financial institutions at the beginning of…

Forex auction halves revenue

April 23, 2004

The recently introduced foreign exchange auction system has adversely affected export viability with the net effect being the halving of…

Fires disrupt Border’s production

April 23, 2004

A total of 40 fires, suspected to have been caused by arson, destroyed 900 hectares of timber belonging to Border…

M & R says auction system favours importers at the expense of exporters

April 23, 2004

Though the auction system that was introduced in January should see more foreign currency available on the market, exports will…

ABC profit down from P53.3 million to P3.8 million

April 23, 2004

Regional banking group, African Banking Corporation, had a poor showing last year with net profit plummeting from P53.3 million to…

Demand for Turnall products plummets but …

April 23, 2004

Interest rates, which soared to 900 percent by December, saw the market for Turnall Holdings products immediately contract as money…

Steelnet buoyed by exports

April 23, 2004

Steelnet, which comprises BMA Fasteners, Hastt Zimbabwe and Tube and Pipe Industries, had an excellent year in 2003 with each…

General Beltings exports fall due to punitive VAT in Zambia

April 23, 2004

A punitive VAT policy imposed on Zimbabwean products by the Zambian government in the first half of last year adversely…

National Tyres profit up 742%

April 23, 2004

Although the tyre replacement market declined in all sectors, National Tyre Services still managed to improve its sales by 577…