Posts by Charles Rukuni

The recently introduced foreign exchange auction system has adversely affected export viability with the net effect being the halving of the Zimbabwe dollar export revenue. A Bulawayo-based exporter, Zimplow, says…

A total of 40 fires, suspected to have been caused by arson, destroyed 900 hectares of timber belonging to Border Timbers, disrupting production of sawlogs. The fires also forced the…

Though the auction system that was introduced in January should see more foreign currency available on the market, exports will not be viable as long as the pricing of the…

Regional banking group, African Banking Corporation, had a poor showing last year with net profit plummeting from P53.3 million to P3.8 million. But this was largely because of the strengthening…

Interest rates, which soared to 900 percent by December, saw the market for Turnall Holdings products immediately contract as money flow dried up. As a result, the company says in…

Steelnet, which comprises BMA Fasteners, Hastt Zimbabwe and Tube and Pipe Industries, had an excellent year in 2003 with each of the three units posting growths of over 600 percent.…

A punitive VAT policy imposed on Zimbabwean products by the Zambian government in the first half of last year adversely affected exports from General Beltings but this was mitigated by…

Although the tyre replacement market declined in all sectors, National Tyre Services still managed to improve its sales by 577 percent largely because of the growth in the Bandag retreading…

Zimbabwe Newspapers, the country's major newspaper group, which is now facing very little competition following the closure of the Daily News in September had a massive turnaround, but market analysts…

Barclays, one of the largest commercial banks in the country, cashed in on the liquidity crisis that rocked the financial sector in the last quarter of 2003, "which saw all…