Home » Hyperinflation drains CABS

Hyperinflation drains CABS

0 comments

CABS says its income and assets declined significantly in 2019 due to the hyperinflation in Zimbabwe throughout the year. The building society’s results show that it incurred an inflation adjusted net loss of $159 million during the year, as the country’s inflation increased by more than 400 percentage points. “Inflationary pressures over the past year…

Subscribe to read full article. Subscribe today

Related Posts

Advertisements
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More