Dairibord’s diversification pays off

Dairibord Zimbabwe's diversification is now paying off. Non-milk-based products contributed almost 60 percent of the company's operating profit during the year ended December. Subsidiaries and associate companies contributed 54 percent…

First Bank is in very good shape

First Banking Corporation, one of the indigenous banks that had been blacklisted by established financial institutions at the beginning of the year as the liquidity crunch hit the financial sector,…

Forex auction halves revenue

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…

Steelnet buoyed by exports

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.…

National Tyres profit up 742%

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…