An indigenous bank has called for innovation in the banking sector saying the current business environment and its problems are temporary, things are bound to improve.
Barclays Bank, one of the largest commercial banks in the country, says it will shut down 10 branches in the small outlying cities, most of which have been adversely affected by the demise of the commercial farming sector.
Gulliver Consolidated joined the bandwagon of Zimbabwean companies lamenting poor trading conditions but at the same time making hefty profits.
Interfresh, another horticultural company, had an excellent first half ending June with sales and net profit double that for the full year ending December.
Phoenix Consolidated Industries which contributed more than half of the revenue of Apex Corporation had a good first half with only one business unit, William Smith & Gourock suffering from lack of major contractual orders.