Parallel market distresses companies

FOREIGN currency distortions on the market are driving up the cost of local production, piling pressure on companies’ margins, due to the growing gap between the official and parallel market rates.Advertisements This comes as a shortage of foreign currency on the Reserve Bank of Zimbabwe’s (RBZ) auction system has pushed demand for the greenback on…

Subscribe to read full article. Subscribe today

Related posts

‘Ease tax burden in order to encourage formalisation’

Plan out future of tobacco, government told

Diamond sector viability under threat

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