Posts by Charles Rukuni

The exchange rate of $800 to the greenback on the second half of all proceeds from exports was agreed to by the three social partners in the Tripartite Negotiating Forum…

International tourism wholesalers are now beginning to believe and to accept that, contrary to some media campaigns, Zimbabwe is one of the safest tourism destinations in the world but the…

Despite a dramatic decline in agricultural production largely because of the country's agrarian reform programme, tobacco giant, TSL, saw its sales increase nearly three-fold from $6.2 billion to $16.2 billion.…

Agricultural inputs company, Chemco has lamented the introduction of price controls and the recent changes in foreign currency regulations saying they will hamper growth of the company. It says restricted…

Price controls that were extended to cover almost all basic commodities towards the end of last year adversely affected packaging company Hunyani Holdings because of a decline in demand for…

Milling companies tend to thrive when there is a drought. CFI Holdings which owns Victoria Foods and Agrifoods was not exception. Its sales were up 150 percent from $10.5 billion…

Apex Corporation, one of the top five performers on the Zimbabwe Stock Exchange, whose share price soared $2.35 to $50 a share last year, had an excellent performance during the…

Phoenix Consolidated Industries in which Apex Corporation has a 51 percent stake had what the company termed impressive results but sales just more than doubled from $991.6 million to $2.5…

Heavy engineering group Gulliver Consolidated says it has now consolidated its operations focussing on its core business of steel and steel engineering and it managed to achieve results that were…

Although its net profit increased more than five-fold from $45.7 million to $269.3 million, and its sales shot up from $1.3 billion to $3.2 billion, Powerspeed Electrical says the figures…