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Stories

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Edgars profit plummets from $4.57 million to $548 000

Clothing retail chain Edgars Stores’ net profit dropped nearly 90 percent to $548 000 from $4.57 million after a 19 percent drop in sales. Merchandise sales were $50.3 million for…
Posted by Charles Rukuni March 22, 2017
Posted inStories

Ethiopian Airlines to launch Victoria Falls service on Sunday

Ethiopian Airlines says it is ready to launch its maiden flight into Victoria Falls on Sunday and has already opened an office in the resort town. Africa’s largest cargo and…
Posted by Charles Rukuni March 22, 2017
Posted inStories

Zimbabwe’s trade deficit already at $310 million in two months

Zimbabwe’s trade deficit stood at $309.7 million in the first two months of 2017 after exports fell 7 percent as the country continues to rely on imported products, latest trade…
Posted by Charles Rukuni March 22, 2017
Posted inStories

Tsvangirai tells his supporters: I heard you all

Movement for Democratic Change leader Morgan Tsvangirai today told his supporters whom he met during his six-week tour of the country that he had heard them all and was hoping…
Posted by Charles Rukuni March 22, 2017
Posted inStories

National Foods profit falls marginally

National Foods profit after tax marginally decreased to $6.58 million from $6.63 million in the six months to December 31, 2016, largely weighed down by a poor performance by the…
Posted by Charles Rukuni March 22, 2017
Posted inStories

Zimbabwe Parliament introduces biometric registration for MPs

Zimbabwe’s Parliament is to introduce a new biometric registration system for both Members of Parliament and Senators as well as parliamentary staff. The system is expected to go live on…
Posted by Charles Rukuni March 21, 2017
Posted inStories

Zimbabwe’s Delta Corporation likely to face tougher times

Delta Corporation has endured falling revenue since 2014, but a combination of a deteriorating economy and an acute dollar shortage have left the company facing another earnings drop, according to…
Posted by Charles Rukuni March 21, 2017
Posted inStories

Blanket Mine in record gold output

Caledonia Mining Corporation today reported an 18 percent increase in gold production to 50 351 ounces in the year to December 31, 2016 – the highest output ever at its…
Posted by Charles Rukuni March 21, 2017
Posted inStories

Zimbabwe: Former minister admits “we have destroyed our nation”

Former Deputy Minister Reuben Marumahoko has admitted that the government of President Robert Mugabe has destroyed the nation because of bad decisions it has made over the years. He said…
Posted by Charles Rukuni March 21, 2017
Posted inStories

Innscor makes $18 million profit in six months

Innscor has reported a 16 percent growth in profit after tax to $18 million for the half year to 31 December 2016, from $15.8 million in the prior year. Revenue…
Posted by Charles Rukuni March 21, 2017

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