Tractive Power Holdings nearly trebled its sales from $7.2 billion to $21.8 billion though it says turnover was constrained by deferred capital investment and machinery repairs.
More poor urban households will have to skip meals, eat less at every meal or migrate to squatter settlements where no rent is paid, because they will not be able to afford the escalating cost of food.
Forty-two journalists were killed and 766 others arrested in 2003, which was one of the bleakest for the profession.
Movement for Democratic Change leader Morgan Tsvangirai may have hanged himself during his testimony in the treason trial in which he is accused of having plotted to assassinate President Robert Mugabe prior to the 2002 Presidential elections.
Zimbabwe’s key industrial index which peaked at 754 604 in August, and was down to 601 246 just before central bank governor Gideon Gono unveiled his monetary policy, had plunged to 401 542 at the end of the year as investors scrambled to cover their positions before Gono’s new policies came into effect on January 1.
Dawn Properties, whose share price has plunged by 77 percent since it was listed in August, says it is set to become the “partner of choice” in property investments and development.