The Daily News saga, which has been dragging on for five months, clearly demonstrates how true the old saying: When two elephants fight it is the grass that suffers, is.
The clampdown on the financial sector, which is part of central bank governor Gideon Gono’s new monetary policy announced on December 18, is bearing fruit.
Rising inflation has resulted in a boom in the furniture industry as people sought to convert spending power into inflation-proof assets.
Meikles Africa, which runs three world class hotels which are all among the leading hotels of the world had an excellent first half to September with sales improving by 470 percent almost a 100 percentage points above average inflation for the period which stood at 379 percent.
Edgars Stores, probably the biggest clothing retail chain in the country, saw its sales increase from $3.9 billion to $14.7 billion in the six months to 5 July.