ZSE soars, baffles watchers

One of the country's leading stockbroking firms has expressed dismay at the results that are being released by most listed companies. Sagit says just when every economic indicator is pointing…

Genesis makes a small profit

Genesis Investment Bank which was placed under curatorship for six months from July to December still managed to make a profit of $154 million up from $121.3 million the previous…

Finhold in lacklustre performance

Zimbabwe Financial Holdings (Finhold) had a lacklustre performance with net profit doubling from $501.5 million to $1.2 billion but it says with a stable macro-economic environment, it should realise real…

OM upbeat about its results

Insurance and financial services group, Old Mutual is upbeat about its results for 2002, though operating profit was down 15 percent in pounds sterling but up 8 percent in rand.…

First Bank welcomes TNF talks

First Banking Corporation has welcomed the current tripartite negotiations between the government, employers and labour saying it hopes they will result in robust initiatives which will rectify the country's macro-economic…

Commodity briefs

A United States State Department report released this month says a campaign of personal plunder, masquerading as "land reform" was a tool for the government to steal, murder, abuse and…

Food crisis to persist

The Famine Early Warning Systems Network (FEWS Net) has recommended that the government remove price controls on food staples and other items to enlist the support of the market to…

Printing money fuelling inflation

Political will and stability and consistent macroeconomic policies that can pave the way for the government to implement sound monetary policies that will enable it to stop excessive printing on…

When numbers lie!

Figures don't lie, goes the adage, but liars can figure. Which is precisely why we need to be a lot more skeptical of the numbers we publish... especially numbers that…