Randalls short of forecast profit

Randalls Holdings, which was floated last year with the company forecasting a pre-tax profit of $54.6 million based on assumptions that inflation would average 16 percent, the Zimbabwe dollar would decline slowly, interest rates would be marginally above the rate of inflation, the country would have an average agricultural season and there would be continued investment in mining and construction, ended up more than $20 million short because of the economic and social turbulence that characterised its financial year ending March.

Grace may be doing more damage to Mugabe?

Although she may not be in politics outright like her predecessor Sally, Zimbabwe’s first lady Grace Mugabe seems to be doing more damage to her husband because of her extravagancy.  At a time when the country is reeling under economic hardship with inflation now pegged at 29.8 percent, unemployment around 50 percent, and workers not happy with wage increases below 30 percent, reports say she is building a $3 million house in her home town of Chivhu about 140 km south of Harare.