Fidelity Life Assurance’s after tax profit doubled to $1.98 million in the six months to June from $985 253 in the comparable period last year driven by investment income and cost containment.
Medtech Holdings reported improved revenues and margins during the half-year period to June 30, but profitability was weighed down by a net exchange rate loss of $996 000.
The present crisis that Zimbabwe is facing is a result of government’s extravagance as it is spending money that it does not have, Bulawayo South legislator Eddie Cross says.
After defying economic gravity for a year, Zimbabwe’s homemade US dollars have fallen to earth with a bump.
Mashonaland West Senator Mike Musaka has singled out Vice-President Emmerson Mnangagwa for the sterling work he did in the Command Agriculture project.