Despite the crippling drought which has affected half the country’s population, National Foods, one of the biggest milling companies in the country, says its sales volumes for the first half of this year were similar to those of last year.
About 212 000 tonnes of wheat is expected this season and 68 000 tonnes of this had already been delivered to the Grain Marketing Board by early October.
The current shortage of sugar is due to smuggling and parallel market sales where it is being sold at up to three times the government controlled price.
The 2003 budget announced on November 14 and the monetary policy statement of November 20 seem to have sent jitters in the once booming stock market.
Bulawayo-based Haddon and Sly, which has now been taken over by Barbican Holdings, made a profit of nearly $4 million in the first half of this year and sales for July and August exceeded the rate of inflation which was over 100 percent.