Stories

Truworths, which is being investigated by the central bank for money laundering at the height of the cash crisis last year, had a remarkable six months ending 4 January 2004.…

Edgars Stores, one of the largest clothing retail chains that has been thriving on credit sales, is to reduce its credit window to three months by mid-year. It says this…

The Zimbabwe Stock Exchange , which received a boom last year with 10 billion shares valued at $650 billion changing hands, has been on a free fall with the key…

Despite a 40 percent decline in volumes, which was due to market shrinkage and not loss of market share, Chemco Holdings still managed to earn a net profit of $5.2…

Tobacco heavyweight, TSL, saw its net profit for the year ending October soar by 576 percent, beating annual inflation for that month of 525 percent though tobacco production had declined…

Econet, Zimbabwe's largest mobile cellular provider, more than doubled its average revenue per user between June and December last year. The ARPU rose from US$5.44 in June to US$11.13 in…

Production at Rio Tinto's Murowa diamond mine is expected to start in the third quarter of this year. In its report for the year ending December, the mining giant says…

Gold production at Freda-Rebecca Mine, the Ashanti Goldfields operation in Zimbabwe, dropped by almost half from 98 255 ounces in 2002 to 51 091 ounces last year resulting in operating…

Fidelity Life had a good start as a listed company. Though gross premium from the individual life division grew by only 125 percent, and group pensions by 326 percent, both…

Poor results from its South African banking subsidiary, Nedcor, which were heavily impacted by the holding of excess US dollars when the rand was strengthening, spoiled the 2003 results of…