News

Rising costs which resulted in higher than expected overhead expenditure, labour unrest and the need to trim margins in order to compete saw Mashonaland Holdings' profit at a standstill, declining…

Randalls Holdings, which was floated last year with the company forecasting a pre-tax profit of $54.6 million based on assumptions that inflation would average 16 percent, the Zimbabwe dollar would…

Pharmaceutical company, CAPS, which barely two years ago was beset with problems of escalating costs, poor morale, lack of adequate product availability, a declining market share and a questionable future,…

Although she may not be in politics outright like her predecessor Sally, Zimbabwe's first lady Grace Mugabe seems to be doing more damage to her husband because of her extravagancy. …

Retail credit group, Tedco, which owns among others, Nyore Nyore Zimbabwe Furnishers, Radio Limited, CW Stores and the House of Kumali, had a 59 percent increase in pre-tax profits in…

Despite losing $3.2 million through redundancy costs and a further $3.5 million through exchange losses, Apex Corporation still managed to post an $8.6 million profit in the six months ending…

Maize, soyabean and wheat deliveries to the Grain Marketing Board increased by 545 percent, 450 percent and 262 percent, respectively, in the first three months of this year as compared…

Seventy-two percent of the firms in manufacturing and 73 percent in mining were operating below capacity in the first four months of this year but for mining this was an…

Bulawayo-based Haddon and Sly, which runs a department store and supermarkets, had a disappointing year which saw profits after tax decline from $772 000 to $215 000, although the latest…

Former financial advisor to Fidelity Life Assurance, Chief Bango, says the company must be investigated because it paid out hefty packages to workers who opted for voluntary retirement in February.…