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…

MacMed still on growth path

MacMed, the leading supplier of medical, surgical supplies, services and equipment to the medical industry, which was only listed in July last year has posted good results for the year…

Bill 15 months late

The Insider which was given a line in August 1997 but had the number changed from 730522, which apparently still appears in the telephone directory despite the numerous reminders, to…

Mhangura makes a $78m loss

Nothing seems to be going on well for the troubled Mhangura Copper Mines. It's results for the 12 months ending June 1998, were seven months late and they were a…

Zimbabwe: a hard sell

South Africa's Business Day of October 19, 1998 provided an interesting scenario of how difficult it must be to sell Zimbabwe to investors. On the front page was a story…