Finhold in lacklustre performance

Zimbabwe Financial Holdings (Finhold) had a lacklustre performance with net profit doubling from $501.5 million to $1.2 billion but it says with a stable macro-economic environment, it should realise real…

OM upbeat about its results

Insurance and financial services group, Old Mutual is upbeat about its results for 2002, though operating profit was down 15 percent in pounds sterling but up 8 percent in rand.…

First Bank welcomes TNF talks

First Banking Corporation has welcomed the current tripartite negotiations between the government, employers and labour saying it hopes they will result in robust initiatives which will rectify the country's macro-economic…

When numbers lie!

Figures don't lie, goes the adage, but liars can figure. Which is precisely why we need to be a lot more skeptical of the numbers we publish... especially numbers that…

The Emperor without his clothes

Bill Clinton's famous statement about, and focus on, the American economy in the 1992 Presidential campaign more than any other factor probably secured his Presidential election victory. And more than…

Phoenix profit trebles

Phoenix Consolidated Industries in which Apex Corporation has a 51 percent stake had what the company termed impressive results but sales just more than doubled from $991.6 million to $2.5…

ZCTU to the rescue?

The Zimbabwe Congress of Trade Unions (ZCTU), which gave birth to the Movement for Democratic Change, Robert Mugabe's biggest headache since its formation four years ago, is about to bail…

Apex profit increases tenfold

Apex Corporation, one of the top five performers on the Zimbabwe Stock Exchange, whose share price soared $2.35 to $50 a share last year, had an excellent performance during the…

CFI in 335 percent profit

Milling companies tend to thrive when there is a drought. CFI Holdings which owns Victoria Foods and Agrifoods was not exception. Its sales were up 150 percent from $10.5 billion…