Posts by Charles Rukuni

Droughts are good for milling companies. Despite rising inflation, cash shortages, shortage of maize and wheat, National Foods managed to increase sales from $28.3 billion in 2002 to $174.5 billion…

Poor results from its South African banking subsidiary, Nedcor, which were heavily impacted by the holding of excess US dollars when the rand was strengthening, spoiled the 2003 results of…

Fidelity Life had a good start as a listed company. Though gross premium from the individual life division grew by only 125 percent, and group pensions by 326 percent, both…

Gold production at Freda-Rebecca Mine, the Ashanti Goldfields operation in Zimbabwe, dropped by almost half from 98 255 ounces in 2002 to 51 091 ounces last year resulting in operating…

Production at Rio Tinto's Murowa diamond mine is expected to start in the third quarter of this year. In its report for the year ending December, the mining giant says…

Econet, Zimbabwe's largest mobile cellular provider, more than doubled its average revenue per user between June and December last year. The ARPU rose from US$5.44 in June to US$11.13 in…

Tobacco heavyweight, TSL, saw its net profit for the year ending October soar by 576 percent, beating annual inflation for that month of 525 percent though tobacco production had declined…

Despite a 40 percent decline in volumes, which was due to market shrinkage and not loss of market share, Chemco Holdings still managed to earn a net profit of $5.2…

A 45 percent growth in exports mainly to Zambia and Kenya, saw volumes at Hunyani grow by 6.7 percent during the year ending October. Sales grew by 485 percent from…

The jingle is now boring. Some might even say it is irritating. The dance is obscene. It verges on child abuse. But the message: Kana mvura ikanaya chete tichazadza matura…