News

The Merchant Bank of Central Africa (MBCA) says after two years of negative growth charactised by critical shortages of foreign currency, fuel and basic foodstuffs, high inflation and unemployment, it…

Foreign exchange remains the single most important factor hobbling the performance of the economy. Concessions should therefore be made and consensus on the way forward should be forged if 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…

Time Bank had a strong performance with net profit increasing from $679.7 million to $2.1 billion last year. Net interest income increased from $994.3 million to $2.9 billion while fees…

South African police are reported to be closing in on David Jesse who is continuing to cause havoc in that country. Their only problem, reports say, is that they are…

Though its operations are much smaller, retail chain Truworths saw its sales increase by 214 percent and net profit by 397 percent during the year ended January 5. Sales increased…

Opposition leader Morgan Tsvangirai could go down in history as the president who never was. His Movement for Democratic Change (MDC) missed the 2000 parliamentary elections by a whisker. It…

Zimbabwe and the United States may be at loggerheads but Border Timbers seems to be doing booming business in the United States. And it says despite the turmoil in the…

Rapid Discount House had a slight drop in profit from $430.6 million to $420.1 million, largely because of an increase in operating expenditure and a higher tax provision. Interest income…