News

By focussing on profitability rather than turnover, CAPS Holdings managed to turn around from a loss of $115.3 million to a profit of $10.8 billion. Sales increased by 412 percent…

Genesis Financial Holdings could be in for another high jump this year. The banking group, which was under curatorship for most of 2002,only made a net profit of $691.4 million…

Local Government Minister Ignatius Chombo, whose interference into the operations of the Harare City Council has almost crippled the capital, seems to be heading for a showdown with the Bulawayo…

Century Holdings, whose bank had to be rescued by the Reserve Bank of Zimbabwe following a liquidity crunch towards the end of last year, managed to make a net profit…

For ZANU-PF, the Umdhala Wethu gala, held at Ascot Stadium in Gweru to commemorate the death of former vice-President Joshua Nkomo five years ago, was not just an event. It…

Portland Holdings's cement sales dropped by almost half in the six months ending March as the situation in Zimbabwe continued to deteriorate with the economy struggling with both hyperinflation and…

Increased demand for stainless steel products in China, one of the world's fastest expanding economies, helped boost profits for Bindura Nickel Corporation, once owned by the giant Anglo-American Corporation but…

Sugar production at Anglo-American- owned Hippo Valley dropped by 17 percent from 284 109 tonnes in 2002 to 236 116 tonnes last year but revenue for the company shot up…

The Southern African Reinsurance Company (SARE) had positive results for the year ending December despite negative fundamentals. Its net profit for the year increased from $189.4 million to $3.2 billion.…

Though volumes declined by 6 percent and exports by 21 percent, British American Tobacco (BAT) Zimbabwe Holdings still saw its turnover increase from $10.1 billion in 2002 to $65.4 billion…