Stories

Astra Industries, once a top performer on the Zimbabwe Stock Exchange, had a disastrous start to 2004. In its report for the six months to February, the company says though…

There was nothing extraordinary about the dark, striped suit that was displayed at a Bulawayo departmental store except its price. It cost $1 512 000. I would not have gone…

Pork producer Colcom saw its sales increase by 583 percent to $44.4 billion but it says volumes were down because of constant price increases and dwindling consumer spending power. In…

Though the insurance industry faced many challenges including under-insurance because of the hyperinflationary environment, NicozDiamond still managed to post a net profit of $10.2 billion last year, a drastic improvement…

Where in the world can a company make a profit of over 8 000 percent in just six months? Only in Zimbabwe, the beleaguered Southern African country which is reported…

The high inflation that peaked at 619 percent in November last year before declining to $598 percent in December forced some corporate clients to revise sums insured on major productive…

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 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…

On paper Radar's results for the six months to December were excellent. Though mainly driven by inflation, turnover from continuing operations was up 621 percent from $5 billion to $36.2…

Interest rates, which soared to 900 percent by December, saw the market for Turnall Holdings products immediately contract as money flow dried up. As a result, the company says in…