Posts by Charles Rukuni

The freefall of the Zimbabwean dollar continued with the local currency plunging to about $4 000 to the greenback by the end of July. Market watchers attribute the decline to…

Although inflation and remittances from Zimbabweans abroad will continue to fuel consumptive buying, this will not be able to counteract the now severe economic contraction. Delta Corporation, the country's biggest…

Retail group OK Zimbabwe saw its sales for the year ending March almost treble from $16.3 billion to $47.7 billion but it says the increase in sales was largely inflationary…

Despite the shortages of electricity, cement, coal, fuel and other utilities which have become a daily challenge, PG Industries says it has so far been able to read the Zimbabwe…

Although its domestic sugar business made a staggering loss of $826.4 million, ZSR Corporation, still managed to make a net profit of $4.1 billion, nearly ten times the profit of…

TSL, which runs the country's biggest tobacco auction floors, has decided to stimulate tobacco production, which this year was half that of last year. This year's tobacco crop was estimated…

Packaging company, Hunyani could be in for an exceptional year. Its sales for the first half ending April were higher than those for the entire year ending October, yet it…

At first glance, the picture looks dismal. Volumes are down because of reduced agricultural activity. Turnover is adversely affected by price controls and reduced margins on some tobacco chemicals that…

It was boom time for Tanganda. The company realised a net profit of $4.8 billion in the six months to April more than double the $2.3 billion it made for…

Retail group, Tedco, joined the group of companies lamenting the "very difficult economic environment" but at the same time making hefty profits. Though it said retail demand, especially for high…