Zimbabwe scraped through the first half of 2003 facing a new and unprecedented crisis- the shortage of local currency.
Clan, which has just changed its shareholding with locals taking over a majority stake, says it has embarked on a major upgrading of its fleet and depot infrastructure to refocus on its core business of collection and delivery.
The number of new subscribers for Econet Wireless only increased marginally by 393 from June to December last year but its turnover for the six months was more than that for the full year ending June.
Though the formal tyre services sector is under threat from black market traders and those who sell second hand tyres, National Tyre Services says it is well placed to meet any challenges.
NicozDiamond, which was created through the merger of the National Insurance Company of Zimbabwe and Diamond Insurance company, to form what it says is the largest short-term insurer in the country, had an excellent start with gross written premium increasing by 221 percent from $2.7 billion to $8.6 billion and net profit shooting up from $139.1 million to $1.1 billion.
The relaxation of price controls has seen some of the basic commodities that disappeared off the shelves when the government introduced strict price controls coming back.