This loss [during that time] was because we spent a lot of money on our retrenchment programme," James Mushore, NMBZ
CEO, told analysts gathered in Harare for a briefing about the results.
Continued growth created the opportunity for a public flotation of the Group, and in early 1997, the NMBZ
Group was listed on the Zimbabwe Stock Exchange and simultaneously admitted to the Official List of the London Stock Exchange.
Top 10 SADC Banks Bank Country Market capitalization Standard Bank Group South Africa $4,233m (December 03) ABSA Group South Africa $3,012m (December 03) FirstRand Banking Group South Africa $1,851m (June 03) Nedcor Group South Africa $1,595m (December 03) Investec Group South Africa $1,092m (March 04) African Bank South Africa $287m (September 03) Barclays Bank of Zimbabwe Zimbabwe $242m (December 02) NMBZ
Holdings Zimbabwe $215m (December 02) Merchant Bank of Central Africa Zimbabwe $53m (December 03) Bank Windhoek Namibia $99m (December 03)
Institutional abbreviations used are as follows (names of curators who assisted us are given in brackets): BMNH--The Natural History Museum, London, UK (Erica McAlister); NMBZ
--National Museum of Zimbabwe, Bulawayo, Zimbabwe; NMKE--National Museums of Kenya, Nairobi, Kenya (Mary Gikungu); NMSA--KwaZulu-Natal Museum, Pietermaritzburg, South Africa (Burgert Muller); SAMC--South African Museum, Cape Town, South Africa (Dawn Larsen); SANC--National Collection of Insects, Pretoria, South Africa (Ros Urban).