Members of Zimbabwe’s major churches have denounced President Robert Mugabe’s government as the biblical “beast of anarchy” and vowed to mount a campaign to force the government to restore democracy and end its “oppressive” rule.
Production by large-scale farmers in Zimbabwe is likely to further plunge this year because of the ongoing agrarian reform, Commercial Farmers Union president Doug Taylor Freeme says.
Regional banking group ABC Holdings had a poor first half with headline earnings dropping from 23 thebe to 14 thebe.
With normal to above normal rains expected for the coming season, the shortage of maize seed could adversely affect next year’s harvest.
Tobacco seed sales have increased from 328.25 kgs to 335.58 kgs but the tobacco crop for next year is expected to drop from over 80 million kgs to 50 to 60 million kgs.
Stanbic Bank had a more than 10-fold increase in net profit in the first half of this year and it says that despite the current economic difficulties its future is bright.