News

Where in the world can a company make a profit of over 8 000 percent in just six months? Only in Zimbabwe, the beleaguered Southern African country which is reported…

The high inflation that peaked at 619 percent in November last year before declining to $598 percent in December forced some corporate clients to revise sums insured on major productive…

Former conglomerate TA Holdings, which has now been trimmed to focus on insurance, hotels and agro-chemicals, had an excellent year boosted by its associate companies which brought in profits of…

Circle Cement, probably the country's second largest cement producer, had a dramatic turnaround from a loss of $862.3 million in 2002 to a profit of $9.8 billion, largely because of…

The Merchant Bank of Central Africa, which says it sticks to principles of openness, integrity and accountability and conducts its affairs with care and in good faith, safeguarding its stakeholders'…

Clothing retail group Edgars Stores had a five-fold increase in sales during the year ended January 3 despite an acute shortage of cash for most of last year until the…

ReNaissance Merchant Bank, which started operations in 2002, had a net profit of $13.7 billion, up from $1.2 billion in 2002. And it is in such a financially sound condition…

The decline in disposable incomes of consumers saw volumes at Cairns Foods and ME Charhons decline from December to February, but Cairns Holdings still managed to increase its revenue by…

Though the new monetary and fiscal policies announced by the government in the last quarter of 2003 are expected to provide the basis for economic stabilisation and turnaround, the recovery…

Though the auction system that was introduced in January should see more foreign currency available on the market, exports will not be viable as long as the pricing of the…