Exchange rate disparities hit Zim mining industry

ZIMBABWE’S mining sector is losing at least 20 percent of gross export proceeds on the back of exchange rate disparities, an industry survey has shown. The miners, who generated US$3,4 billion between January and October are the biggest contributors to the foreign currency auction, providing US$1,38 billion under the 40 percent export proceeds surrender requirements.…

Subscribe to read full article. Subscribe today

Related posts

Zimbabwe moves closer to a ZiG economy. . . amid relative prices and exchange rate stability in the country

Analysts question the ‘ROI’ on perks

Top Companies awards set for next month

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