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First Bank profit treble that for last year
First Banking Corporation's net profit for the six months to June was nearly treble that for last year and 13 times that of the first half last year. And the…
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Pension funds lose out on money advanced to government
Pension funds and savings institutions have lost 75 percent of the value of money advanced to the government over the past two years because of negative real interest rates. Though…
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Waste of time?
The Ruvhuvhuto Sisters may sing, dance, tour South Africa and Europe, but that is not likely to bring tourists to Zimbabwe. That is what the South African media is saying,…
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Printing more money not the answer
Former Finance Minister Tichaendepi Masaya says printing more money without linking the value of the money with real goods produced is not sustainable. A thorough scrutiny of the existing policies,…
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CFX profit up 870 percent
CFX Merchant Bank which was only turned around last year made a profit of $1.4 billion in the first half of this year, nearly 10 times what it made in…
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Government rules out price controls
The government says it will not reintroduce price controls because there is a need to strike a balance between suppliers and consumers without the other party crying foul. Industry and…
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Mugabe to outlast Blair!
Just over half of the people interviewed in a survey by the Mass Public Opinion Institute (MPOI) have said they want President Robert Mugabe to retire now and pave way…
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Time Bank calls for innovation
An indigenous bank has called for innovation in the banking sector saying the current business environment and its problems are temporary, things are bound to improve. In its report for…
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Barclays sets tone for banking sector?
Barclays Bank, one of the largest commercial banks in the country, says it will shut down 10 branches in the small outlying cities, most of which have been adversely affected…