New exchange rate reached by consensus

February 21, 2003

The exchange rate of $800 to the greenback on the second half of all proceeds from exports was agreed to…

RTG optimistic

February 21, 2003

International tourism wholesalers are now beginning to believe and to accept that, contrary to some media campaigns, Zimbabwe is one…

TSL does wll despite smaller tobacco crop

February 21, 2003

Despite a dramatic decline in agricultural production largely because of the country's agrarian reform programme, tobacco giant, TSL, saw its…

Chemco survives despite controls

February 21, 2003

Agricultural inputs company, Chemco has lamented the introduction of price controls and the recent changes in foreign currency regulations saying…

Hunyani sales hit by price controls

February 21, 2003

Price controls that were extended to cover almost all basic commodities towards the end of last year adversely affected packaging…

CFI in 335 percent profit

February 21, 2003

Milling companies tend to thrive when there is a drought. CFI Holdings which owns Victoria Foods and Agrifoods was not…

Apex profit increases tenfold

February 21, 2003

Apex Corporation, one of the top five performers on the Zimbabwe Stock Exchange, whose share price soared $2.35 to $50…

Phoenix profit trebles

February 21, 2003

Phoenix Consolidated Industries in which Apex Corporation has a 51 percent stake had what the company termed impressive results but…

Gulliver sales treble

February 21, 2003

Heavy engineering group Gulliver Consolidated says it has now consolidated its operations focussing on its core business of steel and…

Powerspeed boosted by declining dollar

February 21, 2003

Although its net profit increased more than five-fold from $45.7 million to $269.3 million, and its sales shot up from…