Posts by Charles Rukuni

Genesis Financial Holdings could be in for another high jump this year. The banking group, which was under curatorship for most of 2002,only made a net profit of $691.4 million…

By focussing on profitability rather than turnover, CAPS Holdings managed to turn around from a loss of $115.3 million to a profit of $10.8 billion. Sales increased by 412 percent…

Seed Co, which already has operations in South Africa, Mozambique, Zambia and Botswana and is looking at Cameroon, Egypt and East Africa, saw its regional sales for the year to…

Highveld Financial Services, a new entrant into the volatile financial services sector, made a net profit of $774.4 million in its first nine months of operation. The discount house, which…

A loan of US$5.3 million from the Africa Export Import Bank helped resuscitate operations at Wankie Colliery boosting production from 30 percent to 75 percent by December. According to the…

Retail group Tedco Limited, which changed its financial year-end from September to December,had one of the worst Christmas trading periods in its history, it says in its report for the…

CFX Merchant Bank, which recently merged with troubled Century Bank, had a good performance last year despite the turmoil in the financial sector. The bank saw its interest and discount…

Though volumes declined by 6 percent and exports by 21 percent, British American Tobacco (BAT) Zimbabwe Holdings still saw its turnover increase from $10.1 billion in 2002 to $65.4 billion…

The Southern African Reinsurance Company (SARE) had positive results for the year ending December despite negative fundamentals. Its net profit for the year increased from $189.4 million to $3.2 billion.…

Sugar production at Anglo-American- owned Hippo Valley dropped by 17 percent from 284 109 tonnes in 2002 to 236 116 tonnes last year but revenue for the company shot up…