Currency volatility distresses companies

ZIMBABWE Stock Exchange (ZSE)-listed companies that released financial results and announced trading updates recently say profit margins have been dampened by the growing gap between the official and parallel market exchange rates. With the local currency continuing to lose value on both the formal and parallel markets, corporates reported that the country’s currency disparities and…

Subscribe to read full article. Subscribe today

Related posts

El Niño, Middle East war to stifle growth

Chirundu Border Post construction to begin

Dairy gains face drought risks

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