Zimre comes to the market

The Zimbabwe Reinsurance Corporation (Zimre), which dominates the reinsurance business in the country, although there are six other operators in the country, is coming on to the market although it…

Schweppes posts good results

Schweppes Zimbabwe Limited, which is still assessing the impact of the global sale of Schweppes brands to Coca Cola outside the United States, France and South Africa, had satisfactory results…

How Long Will Chakaodza Last?

Watching Herald editor Bornwell Chakaodza make a spectacle of himself during the televised interview of President Mugabe on the eve of his 75th birthday, those who have been reading his…

Hunyani profits up 39 percent

Packaging giant, Hunyani Holdings, saw its earnings attributable to shareholders increase by 39 percent from $84.3 million for the year ending October 1997 to $117.1 million last year but it…

Rio Tinto quadruples its profit

Mining group Rio Tinto Zimbabwe's net profit nearly quadrupled from $57.8 million in 1997 to $208.2 million last year, largely because of the devaluation of the Zimbabwe dollar but the…

Radar in 125% profit increase

Bulawayo-based Radar Holdings saw its profit available for distribution increase by 125 percent from $7.7 million in the six months to December 1997 to $17.3 million during the same period…

Fridgemaster to quit Zimbabwe!

FridgeMaster, which came into Zimbabwe a few years ago with a bang, is now planning to quit because "rampant inflation in Zimbabwe has significantly diminished disposable income reducing demand for…

Barclays more than doubles profit

Zimbabwe has to rebuild investor confidence to address the country's socio-economic problems and one of the ways to do so is to establish a continuing relationship with the International Monetary…

Clan recovers

Transport group, Clan Holdings, in what is says was one of the most difficult years in the recent history of the company, saw its earnings only grow by 8.8 percent…