Posts by Charles Rukuni

Steelnet had a good first half recording a net profit of $3.9 billion, and increase of 869 percent over the same period last year. The net profit was more than…

Hyperinflation, which has led to consumptive spending, proved a major boost for African Distillers which saw its sales almost quadruple from $4.3 billion last year to $16.5 billion during the…

Increased emphasis on the truck tyre market, with its tie in to retreading, saw National Tyre Services's volumes increase by 16 percent in the first half of this year, but…

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…