Isn’t it ironic that a person becomes a prime minister for five years, fights bitterly for the advancement of the black nationalist movement, offers land to ex-combatants and ends up being told he is not a citizen of that country?
Sales of beverages dropped by 20 percent in the six months to September due to the shortage of cash during the second and third quarters of this year, the country’s largest manufacturer of beverages, Delta Corporation, says.
OK Zimbabwe, one of the country’s largest supermarket chains, says the country needs more cash and an environment that is free of excessive controls to allow all sectors to regain confidence in the formal economy.
Clothing retail group Truworths saw its sales for the year ending 6 July increase by 274 percent while net profit surged by 445 percent.
Though the country is currently reeling from a shortage of foreign currency, one retail and manufacturing group, Tedco, says its export order book currently exceeds its available plant capacity.
Tractive Power Holdings nearly trebled its sales from $7.2 billion to $21.8 billion though it says turnover was constrained by deferred capital investment and machinery repairs.