Although it made a profit of $739 million in the six months to March, gold producer Falcon Gold Zimbabwe (Falgold) says it might cease operations before the end of its financial year.
TSL, which runs the country’s biggest tobacco auction floors, has decided to stimulate tobacco production, which this year was half that of last year.
Someone trying to explain inflation, according to an article I read in Zambia – I cannot remember exactly where-had this to say: When a man went into a coffee shop and ordered a cup, he was asked to pay $500.
Though Ashanti Goldfields’s production for the first quarter of this year was 7 percent below that of the first quarter of last year, net profit was less than half that for the same period.
Although its domestic sugar business made a staggering loss of $826.4 million, ZSR Corporation, still managed to make a net profit of $4.1 billion, nearly ten times the profit of $437.7 million it made last year.
Despite the shortages of electricity, cement, coal, fuel and other utilities which have become a daily challenge, PG Industries says it has so far been able to read the Zimbabwe economy accurately.