News

Textile company, David Whitehead, continues to prosper with sales for the year ending September increasing 159 percent to $4.1 billion, but the company says the increase was largely due to…

Despite the high inflation, negative interest rates, severe foreign currency shortages, an unrealistic exchange rate and falling formal employment, consumer spending has been firm largely because of the low interest…

PG Industries had an excellent first half ending September with sales and net profit exceeding that for the full year ending March even in inflation adjusted terms. Sales totalled $6.6…

France has hit Britain below the belt. Already at odds with Britain over the war against Iraq, France has invited President Robert Mugabe to attend the Franco-African summit next month…

Domestic cement sales for Porthold increased by 10 percent during the year ending September but the company had an operating loss of R8.7 million because of hyperinflationary cost pressures of…

Though there was a sharp fall in cotton production due to the drought, the Cotton Company of Zimbabwe (Cottco) still managed to increase sales by 51 percent from $7.1 billion…

A change in focus from a dwindling Zimbabwean market to an expending regional one saw newly listed Amalgamated Regional Trading (ART) almost treble its sales from $4.5 billion to $12.4…

Hyperinflation and the country's inability to generate foreign currency has had a disastrous effect on medical inflation with claims costs going up by three to four times the rate of…

TZI, which has transformed itself into an investment company leaving management to the boards that are running its investments, had a turnover of $22.6 billion in the year ended September.…

Despite a difficult agricultural year marred by an industrial strike in December 2001 and poor rains, Tanganda Tea managed to produce a record crop of 11 011 tonnes. According to…