Posts by Charles Rukuni

Though interest rates have tumbled from over 600 percent to about 200 percent this is not good enough for businesses to borrow and operate profitably, the regional manager of the…

Century Holdings, whose bank had to be rescued by the Reserve Bank of Zimbabwe following a liquidity crunch towards the end of last year, managed to make a net profit…

Genesis Financial Holdings could be in for another high jump this year. The banking group, which was under curatorship for most of 2002,only made a net profit of $691.4 million…

By focussing on profitability rather than turnover, CAPS Holdings managed to turn around from a loss of $115.3 million to a profit of $10.8 billion. Sales increased by 412 percent…

Seed Co, which already has operations in South Africa, Mozambique, Zambia and Botswana and is looking at Cameroon, Egypt and East Africa, saw its regional sales for the year to…

Highveld Financial Services, a new entrant into the volatile financial services sector, made a net profit of $774.4 million in its first nine months of operation. The discount house, which…

A loan of US$5.3 million from the Africa Export Import Bank helped resuscitate operations at Wankie Colliery boosting production from 30 percent to 75 percent by December. According to the…

Retail group Tedco Limited, which changed its financial year-end from September to December,had one of the worst Christmas trading periods in its history, it says in its report for the…

CFX Merchant Bank, which recently merged with troubled Century Bank, had a good performance last year despite the turmoil in the financial sector. The bank saw its interest and discount…

Though volumes declined by 6 percent and exports by 21 percent, British American Tobacco (BAT) Zimbabwe Holdings still saw its turnover increase from $10.1 billion in 2002 to $65.4 billion…