Zimbabwe Insider - Part 1720

  • France to the rescue?

    France has hit Britain below the belt. Already at odds with Britain over the war against Iraq, France has invited President Robert Mugabe to attend...

  • Delta thriving on increased spending

    Despite the high inflation, negative interest rates, severe foreign currency shortages, an unrealistic exchange rate and falling formal employment, consumer spending has been firm largely...

  • International and regional tourism picking up?

    International and regional tourism is beginning to improve though the country continues to be plagued by a poor international image and adverse media coverage, one...

  • OK profit up 175 percent

    Retail chain OK Zimbabwe saw its turnover in the six months to September increase by 129 percent from $6.6 billion to $15.1 billion but it...

  • Tedco has mixed fortunes

    Diversified retail group Tedco had mixed fortunes. There was a reduction in unit sales of furniture and electrical items while the clothing market remained buoyant....

  • Medical claims up 300 %

    Hyperinflation and the country’s inability to generate foreign currency has had a disastrous effect on medical inflation with claims costs going up by three to...

  • Cottco in $3.6 billion profit

    Though there was a sharp fall in cotton production due to the drought, the Cotton Company of Zimbabwe (Cottco) still managed to increase sales by...

  • Porthold in R8.7m operating loss

    Domestic cement sales for Porthold increased by 10 percent during the year ending September but the company had an operating loss of R8.7 million because...

  • PG has excellent first half

    PG Industries had an excellent first half ending September with sales and net profit exceeding that for the full year ending March even in inflation...

  • Demand for DW products soars

    Textile company, David Whitehead, continues to prosper with sales for the year ending September increasing 159 percent to $4.1 billion, but the company says the...