Zimbabwes troubled financial system is exposed following revelations by the IMF that the Reserve Bank has continued to channel statutory reserves to finance quasi-fiscal projects, which has rendered it incapable of backing up banks.

Construction firm Erbacon Investment Holdings, which yesterday posted an 18% increase in headline earnings per share to 22,87c for the six months ended August, said it remained optimistic that public sector infrastructure spend would maintain sizeable momentum over the medium

MTN yesterday reported a modest 5% increase in subscriber numbers to 108,467-million boosted by growth in most of its key markets.

Standard Bank 's strategic alliance with leading Russian investment bank Troika Dialog will create opportunities for the bank to do cross-border transactions for Russian corporate clients who want to invest outside Russia -- and though Africa will be at the

Brait SA held up well through a difficult operating environment and lifted its interim dividend to 89,77c per share from 89,45c a year earlier.

COAL of Africa (CoAL) is planning to raise about R720m in a share placing to fund its proposed acquisition of unlisted junior miner NuCoal Mining.

The current spell of political uncertainty in the country could not have come at a worse time. Investor confidence had improved considerably following the crafting of reasonable economic policies early this year. Both the private sector and government hosted several

Michael Osborne says I am wrong to state that the South African government has given its "blessing" to the claims against certain multinational corporations in American courts (The facts of the matter, Letters, October 28). He quibbles.

The partial disengagement from government by the MDC-T may scare away investors who had shown keen interest in the country, economic analysts have said. The MDC-T disengaged from the government a fortnight ago citing President Robert Mugabe and Zanu PF's

Political risk remains the major deterrent factor to those interested in buying stakes in local companies looking for possible suitors, analysts have said. Faced with liquidity problems and low productive capacity, local companies look for salvation beyond the country's borders,

Many contradictory reports about property in the last few months have confused a market that is already difficult to analyse, particularly as there are virtually no reliable statistics available on property prices achieved in Zimbabwe. However, we believe that relying

IF ECONET founder Strive Masiyiwa for some strange reason decided to cash in his Econet shares, he would walk away with a cool US$500 million. But that is if the taxman does not get wind of it. The proverbial taxman