Posts by Charles Rukuni

The Zimbabwe Stock Exchange , which received a boom last year with 10 billion shares valued at $650 billion changing hands, has been on a free fall with the key…

Edgars Stores, one of the largest clothing retail chains that has been thriving on credit sales, is to reduce its credit window to three months by mid-year. It says this…

Truworths, which is being investigated by the central bank for money laundering at the height of the cash crisis last year, had a remarkable six months ending 4 January 2004.…

Though it continues to be bogged down by lack of clarity on the future of Mazoe Citrus Estates, as 88 percent of its land is designated for acquisition, horticultural group…

Cafca's export sales soared last year, increasing by a staggering 1065 percent. They overtook domestic sales whose volumes declined by 54 percent. Export volumes grew by 112 percent. According to…

Fast food giant, Innscor's investment in National Foods, one of the biggest milling companies in the country, is beginning to pay off. In its report for the six months to…

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…