Posts by Charles Rukuni

Pension funds and savings institutions have lost 75 percent of the value of money advanced to the government over the past two years because of negative real interest rates. Though…

Zimbabwe's economy can only be turned around when the present political crisis has been resolved. One of the country's leading financial institutions, Kingdom Financial Holdings says while Zimbabwe continues to…

Regional banking group ABC Holdings had a poor first half with headline earnings dropping from 23 thebe to 14 thebe. It says the decline in earnings could be partially attributed…

Barbican Holdings made a net profit of $548.2 million in the first six months of this year, nearly 10 times the profit it made during the same period last year…

Century Holdings has attributed the current local cash crisis to the high rate of inflation arguing that the current highest denomination of $500 cannot support the daily cash transaction requirements…

An indigenous bank has called for innovation in the banking sector saying the current business environment and its problems are temporary, things are bound to improve. In its report for…

CFX Merchant Bank which was only turned around last year made a profit of $1.4 billion in the first half of this year, nearly 10 times what it made in…

First Banking Corporation's net profit for the six months to June was nearly treble that for last year and 13 times that of the first half last year. And the…

The Merchant Bank of Central Africa saw its net profit for the six months to June increase from $946.3 million to $2.5 billion but it chose to report in inflation…

Although net income dropped by 16.9 percent from $295.9 million to $246.6 million, Rapid Discount House says its results were satisfactory. The discount house says the high rate of inflation…