Posts by Charles Rukuni

Former conglomerate TA Holdings, which has now been trimmed to focus on insurance, hotels and agro-chemicals, had an excellent year boosted by its associate companies which brought in profits of…

The high inflation that peaked at 619 percent in November last year before declining to $598 percent in December forced some corporate clients to revise sums insured on major productive…

Where in the world can a company make a profit of over 8 000 percent in just six months? Only in Zimbabwe, the beleaguered Southern African country which is reported…

Though the insurance industry faced many challenges including under-insurance because of the hyperinflationary environment, NicozDiamond still managed to post a net profit of $10.2 billion last year, a drastic improvement…

Pork producer Colcom saw its sales increase by 583 percent to $44.4 billion but it says volumes were down because of constant price increases and dwindling consumer spending power. In…

Astra Industries, once a top performer on the Zimbabwe Stock Exchange, had a disastrous start to 2004. In its report for the six months to February, the company says though…

Tractive Power Holdings had improved trading volumes, particularly in the parts and service departments, but though turnover increased by 516 percent to $54.1 billion, it had a net profit of…

The decline in disposable incomes of consumers saw volumes at Cairns Foods and ME Charhons decline from December to February, but Cairns Holdings still managed to increase its revenue by…

Clothing retail group Edgars Stores had a five-fold increase in sales during the year ended January 3 despite an acute shortage of cash for most of last year until the…

Circle Cement, probably the country's second largest cement producer, had a dramatic turnaround from a loss of $862.3 million in 2002 to a profit of $9.8 billion, largely because of…