News

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.…

Once troubled paper giant, Art Corporation, has posted a profit of $65.3 million in the six months ending March, but profit attributable to shareholders was reduced to $56.7 million after…

While its major competitor British American Tobacco Zimbabwe is reeling under a $35 million doubtful debt, Rothmans of Pall Mall Zimbabwe has posted good results with the group's consolidated earnings…

The re-introduction of price controls on maize meal by the government and the intention to gazette the prices of other basic commodities is a complete reversal of the liberalisation programme…

It took years to come on line. The job had to be re-tendered after objections from some donor governments. Although initially estimated to cost just over $400 million, the project…

After more than six months of squabbling the government and the Zimbabwe Congress of Trade Unions have finally met and it appears they have reached some form of truce. President…

The internet is fast engulfing the world. Although there are only one million users in Africa, the internet is available in 42 of the 54 countries. Sadly out of the…

Trans Zambezi Industries which was started in 1993 and had a wonderful first four years rescuing ailing companies like Art Corporation and Chloride which were about to sink and bailing…

It is very rare to get good news these days, but tea company, Tanganda, had an "exceptional" performance in the six months ending April with profit attributable to shareholders increasing…