Steelnet profit up 869%

November 21, 2003

Steelnet had a good first half recording a net profit of $3.9 billion, and increase of 869 percent over the…

Consumptive spending boosts Afdis sales

November 21, 2003

Hyperinflation, which has led to consumptive spending, proved a major boost for African Distillers which saw its sales almost quadruple…

Tyre sales down by 10 percent, but profit up 618%

November 21, 2003

Increased emphasis on the truck tyre market, with its tie in to retreading, saw National Tyre Services's volumes increase by…

Intermarket Bank makes a loss of $340m but is very optimistic

November 21, 2003

Intermarket Banking Corporation, which was granted a certificate by the Reserve bank of Zimbabwe to start operations in January, made…

NERP has all necessary ingredients but…

November 21, 2003

The national Economic Recovery Programme (NERP) has elements of market friendly measures that could usher a new economic dispensation but…

Intermarket Building Society profit up 458%

November 21, 2003

Intermarket Building Society had an excellent year following its rebranding from Founders Building Society and recorded a net profit growth…

CABS makes $8.2 billion surplus

November 21, 2003

CABS remained the country's largest building society realising a surplus of $8.2 billion for the year ending June, almost double…

Beverley fast catching up with CABS

November 21, 2003

Beverley Building Society, one of the societies that was worst hit by the local currency cash crisis, is fast catching…

SARE profit up 13-fold

November 21, 2003

Southern Africa Reinsurance Company (SARE) had a good first half with net profit increasing more than 13-fold from $63 million…

Circle Cement back in black

November 21, 2003

Circle Cement is back in black following the lifting of price controls in April. Price controls were replaced by price…