The hyperinflationary conditions in Zimbabwe which have boosted consumer spending saw retail chain Edgars increase sales by 194 percent and net profit by 324 percent during the year ended January 4.
Enock Kamushinda, ever the optimistic, and a strong believer in the land reform programme, seems to be having a hard time turning around Zimpapers, the country’s largest newspaper group.
The government and the Zimbabwe Congress of Trade Unions (ZCTU) could be heading for serious confrontation.
The tobacco selling season seems to have got off to a good start with prices firmer than those for the last two years.
Information Minister Jonathan Moyo says the government may amend the country’s controversial media laws which have been condemned worldwide because they are repressive and are currently being contested in the courts by the Independent Journalists Association and the Associated Newspaper Group of Zimbabwe, publishers of the country’s largest circulation newspaper, the Daily News.