Zimbabwe’s largest financial group, CBZ Holdings has reported an after tax profit of $12 million in the six months to June which is largely flat when compared to $11.9 million achieved in the same period last year.
The cost of poultry products is seen rising following the outbreak of avian influenza in Zimbabwe that has led to a drop in the availability of broiler chicks by nearly 500 000 per week, according to an industry report.
Movement f for Democratic Change leader Morgan Tsvangirai wrote off Emmerson Mnangagwa as a spent force ahead of the 2005 elections.
The central bank’s latest bid to deal with foreign currency shortages will hit hard Zimbabwe’s verdant mining sector, and has been described as ‘catastrophic’ by some industry players.
The Zimbabwe Stock Exchange (ZSE) market capitalisation hit its highest point since dollarisation in 2009 of $6.05 billion as local investors continue to seek refuge in equities to escape currency woes.
Vice-President Emmerson Mnangagwa was poisoned and traces of palladium were found in his body when he underwent surgery in Johannesburg last week, privately-owned Newsday reported today.