News

Although its domestic sugar business made a staggering loss of $826.4 million, ZSR Corporation, still managed to make a net profit of $4.1 billion, nearly ten times the profit of…

Despite the shortages of electricity, cement, coal, fuel and other utilities which have become a daily challenge, PG Industries says it has so far been able to read the Zimbabwe…

Retail group OK Zimbabwe saw its sales for the year ending March almost treble from $16.3 billion to $47.7 billion but it says the increase in sales was largely inflationary…

Although inflation and remittances from Zimbabweans abroad will continue to fuel consumptive buying, this will not be able to counteract the now severe economic contraction. Delta Corporation, the country's biggest…

Construction company Murray and Roberts had a good start to the current year with net profit for the first half increasing by 516 percent from $270 million to $1.7 billion.…

Gold production at Ashanti, which has mines in Ghana, Tanzania and Zimbabwe dropped slightly last year from 1 656 784 ounces in 2001 to 1 621 919 ounces last year.…

Despite the worsening economic situation which saw inflation rise from 116.7 percent in January to 198.9 percent in December, Southern African Reinsurance Company (SARE) had encouraging results with net profit…

New Financial Gazette editor-in-chief, Sunsleey Chamunorwa, received a rude awakening when he was called in to bail out the paper after an exodus of staff to the Daily News. Not…

Circle Cement, which was forced to suspend operations in February because of lack of coal, made a net loss of $862.3 million last year, down from a profit of $159.3…

Policy inconsistencies by the government are bogging down companies which are increasingly finding it difficult to operate. Controls on foreign currency accounts in the last two months of last year…