Zimre in $4.4 billion profit

The sharp rise in inflation and price controls were the biggest challenge to the insurance industry because they eroded profitability, Zimre Holdings says in its report for the year ending…

Wankie still in trouble

Troubled Wankie Colliery saw its net profit increase marginally from $284.6 million in 2001 to $323.5 million last year, but in inflation adjusted terms it made a loss of $5.6…

Waiting to explode

Zimbabwe is literary a country waiting to explode, not because of the political and economic crisis that it is experiencing, or pressure from visiting United States President George Bush who…

Zimbabwe scrapes through first half

Zimbabwe scraped through the first half of 2003 facing a new and unprecedented crisis- the shortage of local currency. The country has experienced shortages of various commodities before, the major…

Clan in major upgrading

Clan, which has just changed its shareholding with locals taking over a majority stake, says it has embarked on a major upgrading of its fleet and depot infrastructure to refocus…