Circle Cement, which was forced to suspend operations in February because of lack of coal, made a net loss of $862.3 million last year, down from a profit of $159.3 million the previous year.
The continued polarisation of Zimbabwean society into camps of enemies rather than communities of fellow citizens is dangerous to the country’s social and economic development, a report on the “final push” of June 2- 6 compiled by the Crisis in Zimbabwe Coalition says.
Troubled Wankie Colliery saw its net profit increase marginally from $284.6 million in 2001 to $323.5 million last year, but in inflation adjusted terms it made a loss of $5.6 billion, slightly down from $5.5 billion the previous year.
Zimbabwe’s tobacco crop this year is half that of last year, but there is still no consensus on the size of the crop.
David Parirenyatwa is one of the few ministers who has really stuck to his business, that of ensuring that his ministry runs.
Zimbabwean paprika prices have increased up to US$ 2 000 a tonne from US$1 200 at the beginning of the season.