Fast food giant, Innscor, is operating below capacity because of a shortage of flour but its food division saw sales increase by 223 percent and the company as a whole had sales of $23.8 billion in the six months to December, $5 billion more than the total sales for the year ending June when its turnover was $18.4 billion.
While most people are reeling from the effects of high inflation, the consumptive spending it is promoting saw sales of liquor company African Distillers soar by 271 percent surpassing those for the entire year which ended in June.
Zimplow continues to make record profits though erratic rains over the past three seasons have changed the spending patterns of rural farmers as they are finding it increasingly difficult to meet the ever-escalating prices of agricultural implements.
The rural electrification programme in Zimbabwe and other electrification projects in the region helped boost sales for BICCCAFCA which increased by 180 percent from $2.4 billion to $6.7 billion last year.
ReNaissance Merchant Bank posted a net profit of $1.2 billion in its first year of operation and was highly rated by the Reserve Bank of Zimbabwe when it examined the bank’s operations.
The Famine Early Warning Systems Network (FEWS Net) has recommended that the government remove price controls on food staples and other items to enlist the support of the market to help distribute supplies and moderate prices.