Delta thriving on increased spending

Despite the high inflation, negative interest rates, severe foreign currency shortages, an unrealistic exchange rate and falling formal employment, consumer spending has been firm largely because of the low interest…

OK profit up 175 percent

Retail chain OK Zimbabwe saw its turnover in the six months to September increase by 129 percent from $6.6 billion to $15.1 billion but it says the growth was largely…

Tedco has mixed fortunes

Diversified retail group Tedco had mixed fortunes. There was a reduction in unit sales of furniture and electrical items while the clothing market remained buoyant. The company, which owns among…

Medical claims up 300 %

Hyperinflation and the country's inability to generate foreign currency has had a disastrous effect on medical inflation with claims costs going up by three to four times the rate of…

Cottco in $3.6 billion profit

Though there was a sharp fall in cotton production due to the drought, the Cotton Company of Zimbabwe (Cottco) still managed to increase sales by 51 percent from $7.1 billion…

Porthold in R8.7m operating loss

Domestic cement sales for Porthold increased by 10 percent during the year ending September but the company had an operating loss of R8.7 million because of hyperinflationary cost pressures of…

PG has excellent first half

PG Industries had an excellent first half ending September with sales and net profit exceeding that for the full year ending March even in inflation adjusted terms. Sales totalled $6.6…

Demand for DW products soars

Textile company, David Whitehead, continues to prosper with sales for the year ending September increasing 159 percent to $4.1 billion, but the company says the increase was largely due to…

Ariston sales up 250 percent

Horticultural group, Ariston had mixed fortunes during the year ending September. Flower exports achieved a new high with the company exporting 26 million stems, but tea production dropped by 9…