News

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…

Tractive Power Holdings had improved trading volumes, particularly in the parts and service departments, but though turnover increased by 516 percent to $54.1 billion, it had a net profit of…

The Commercial Bank of Zimbabwe, which was headed by central bank governor Gideon Gono, was one of the few banks unshaken by the new monetary policy announced by Gono in…

Astra Industries, once a top performer on the Zimbabwe Stock Exchange, had a disastrous start to 2004. In its report for the six months to February, the company says though…

There was nothing extraordinary about the dark, striped suit that was displayed at a Bulawayo departmental store except its price. It cost $1 512 000. I would not have gone…

Pork producer Colcom saw its sales increase by 583 percent to $44.4 billion but it says volumes were down because of constant price increases and dwindling consumer spending power. In…

Though the insurance industry faced many challenges including under-insurance because of the hyperinflationary environment, NicozDiamond still managed to post a net profit of $10.2 billion last year, a drastic improvement…