News

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, 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…

The number of new subscribers for Econet Wireless only increased marginally by 393 from June to December last year but its turnover for the six months was more than that…

Though the formal tyre services sector is under threat from black market traders and those who sell second hand tyres, National Tyre Services says it is well placed to meet…

Rio Tinto's gold production dropped by almost half from 2 097 kgs in 2001 to 1 182 kgs last year and it looks the trend has not changed. The company…

A $210 million investment into Interfresh in 2001 is beginning to pay off. The company made a net profit of $1.6 billion last year an increase of 839 percent from…

It is now official. While the local and international media are debating Zimbabwean president Robert Mugabe's retirement and succession, his party, ZANU-PF, is already gearing itself for the 2005 Parliamentary…

Dairibord Zimbabwe still managed to increase its sales by 171 percent despite a drop in milk supplies of 13.25 percent and price controls that affected most of its products. The…

It's a tale of woes. Volumes down by 10 percent. Supplies of raw materials reduced by 60 percent. But food companies usually thrive during droughts. Despite price controls on most…

The hyperinflationary conditions in Zimbabwe which have boosted consumer spending saw retail chain Edgars increase sales by 194 percent and net profit by 324 percent during the year ended January…