Posts by Charles Rukuni

The Southern African Reinsurance Company (SARE) had positive results for the year ending December despite negative fundamentals. Its net profit for the year increased from $189.4 million to $3.2 billion.…

Sugar production at Anglo-American- owned Hippo Valley dropped by 17 percent from 284 109 tonnes in 2002 to 236 116 tonnes last year but revenue for the company shot up…

Increased demand for stainless steel products in China, one of the world's fastest expanding economies, helped boost profits for Bindura Nickel Corporation, once owned by the giant Anglo-American Corporation but…

Portland Holdings's cement sales dropped by almost half in the six months ending March as the situation in Zimbabwe continued to deteriorate with the economy struggling with both hyperinflation and…

Zimbabwe's food saga has taken a new twist with one report saying that contrary to claims by the government that the country has enough food, this year's harvest is going…

There was nothing extraordinary about the dark, striped suit that was displayed at a Bulawayo departmental store except its price. It cost $1 512 000. I would not have gone…

The Commercial Bank of Zimbabwe, which was headed by central bank governor Gideon Gono, was one of the few banks unshaken by the new monetary policy announced by Gono in…

Though the new monetary and fiscal policies announced by the government in the last quarter of 2003 are expected to provide the basis for economic stabilisation and turnaround, the recovery…

ReNaissance Merchant Bank, which started operations in 2002, had a net profit of $13.7 billion, up from $1.2 billion in 2002. And it is in such a financially sound condition…

The Merchant Bank of Central Africa, which says it sticks to principles of openness, integrity and accountability and conducts its affairs with care and in good faith, safeguarding its stakeholders'…