Zimbabwe Insider - Part 1688

  • Caps in impressive turn around

    By focussing on profitability rather than turnover, CAPS Holdings managed to turn around from a loss of $115.3 million to a profit of $10.8 billion....

  • Seed Co sales up nearly 700 %

    Seed Co, which already has operations in South Africa, Mozambique, Zambia and Botswana and is looking at Cameroon, Egypt and East Africa, saw its regional...

  • Wankie on road to recovery

    A loan of US$5.3 million from the Africa Export Import Bank helped resuscitate operations at Wankie Colliery boosting production from 30 percent to 75 percent...

  • Tedco has disastrous Christmas

    Retail group Tedco Limited, which changed its financial year-end from September to December,had one of the worst Christmas trading periods in its history, it says...

  • CFX looking forward to a good year

    CFX Merchant Bank, which recently merged with troubled Century Bank, had a good performance last year despite the turmoil in the financial sector. The bank...

  • BAT profit soars

    Though volumes declined by 6 percent and exports by 21 percent, British American Tobacco (BAT) Zimbabwe Holdings still saw its turnover increase from $10.1 billion...

  • SARE profit soars

    The Southern African Reinsurance Company (SARE) had positive results for the year ending December despite negative fundamentals. Its net profit for the year increased from...

  • Sugar production at Hippo Valley down

    Sugar production at Anglo-American- owned Hippo Valley dropped by 17 percent from 284 109 tonnes in 2002 to 236 116 tonnes last year but revenue...

  • Bindura capitalises on increased demand for nickel

    Increased demand for stainless steel products in China, one of the world’s fastest expanding economies, helped boost profits for Bindura Nickel Corporation, once owned by...