Zimpapers balance sheet atrocious

Zimbabwe Newspapers, the country's major newspaper group, which is now facing very little competition following the closure of the Daily News in September had a massive turnaround, but market analysts…

National Tyres profit up 742%

Although the tyre replacement market declined in all sectors, National Tyre Services still managed to improve its sales by 577 percent largely because of the growth in the Bandag retreading…

Kuruneri arrested

Finance Minister Christopher Kuruneri became the first big gun in President Robert Mugabe's cabinet to be caught up in "Cyclone Gono" when he was arrested on Saturday, 24 April, for…

Steelnet buoyed by exports

Steelnet, which comprises BMA Fasteners, Hastt Zimbabwe and Tube and Pipe Industries, had an excellent year in 2003 with each of the three units posting growths of over 600 percent.…

First Bank is in very good shape

First Banking Corporation, one of the indigenous banks that had been blacklisted by established financial institutions at the beginning of the year as the liquidity crunch hit the financial sector,…

Dairibord’s diversification pays off

Dairibord Zimbabwe's diversification is now paying off. Non-milk-based products contributed almost 60 percent of the company's operating profit during the year ended December. Subsidiaries and associate companies contributed 54 percent…