Barbican Holdings, which anchored the worst performers on the Zimbabwe Stock Exchange for the first nine months of this year, has dropped out of the worst five.
While Zimbabweans are complaining about the high tariffs being charged by cellular telephone networks, and most have resorted to using their phones for receiving calls and sending messages, Econet Wireless says the networks are charging some of the lowest tariffs in the region.
Turnall Holdings, one of the country’s biggest manufacturers of asbestos cement products, received a tremendous boost from the revised exchange rate announced in February.
General Beltings, which was demerged from TH Holdings last year, had a successful first half with exports accounting for more than half the company’s revenue.
Steelnet had a good first half recording a net profit of $3.9 billion, and increase of 869 percent over the same period last year.