Posts by Charles Rukuni

Intermarket Banking Corporation, which was granted a certificate by the Reserve bank of Zimbabwe to start operations in January, made a loss of $340million in the six months to June.…

The national Economic Recovery Programme (NERP) has elements of market friendly measures that could usher a new economic dispensation but it needs bold implementation with the necessary adjustments and speed…

Intermarket Building Society had an excellent year following its rebranding from Founders Building Society and recorded a net profit growth of 458 percent. According to its results for the year…

CABS remained the country's largest building society realising a surplus of $8.2 billion for the year ending June, almost double its nearest rival. It had a surplus of $3.1 billion…

Beverley Building Society, one of the societies that was worst hit by the local currency cash crisis, is fast catching up with the country's largest building society, CABS. Its assets…

Southern Africa Reinsurance Company (SARE) had a good first half with net profit increasing more than 13-fold from $63 million to $822.2 million. Gross premium increased from $555.9 million to…

Circle Cement is back in black following the lifting of price controls in April. Price controls were replaced by price monitoring, and though it had just two months before the…

The devaluation of the Zimbabwe dollar in February, which saw the Zimbabwe dollar drop from $55 to $800 to the greenback, earned Border Timbers an exchange gain of $5.3 billion.…

Measures taken by British American Tobacco Zimbabwe to curb cross border trade in cigarettes are reported to have reduced the trade by 15 percent during the first half of this…

The report of the Presidential Land Review Commission established to look into the implementation of the Fast Track Land Reform Programme may have come a little too late as it…