SARE results encouraging

Despite the worsening economic situation which saw inflation rise from 116.7 percent in January to 198.9 percent in December, Southern African Reinsurance Company (SARE) had encouraging results with net profit…

Rude awakening for Chamunorwa

New Financial Gazette editor-in-chief, Sunsleey Chamunorwa, received a rude awakening when he was called in to bail out the paper after an exodus of staff to the Daily News. Not…

Bindura affected by policy shifts

Policy inconsistencies by the government are bogging down companies which are increasingly finding it difficult to operate. Controls on foreign currency accounts in the last two months of last year…

Zimre in $4.4 billion profit

The sharp rise in inflation and price controls were the biggest challenge to the insurance industry because they eroded profitability, Zimre Holdings says in its report for the year ending…

Wankie still in trouble

Troubled Wankie Colliery saw its net profit increase marginally from $284.6 million in 2001 to $323.5 million last year, but in inflation adjusted terms it made a loss of $5.6…