OM’s balance sheet withstands inflation

Old Mutual Zimbabwe says its financial position remained strong during the year ended December 31, 2022, despite high inflation and value losses recorded on its listed equity portfolio.
Zimbabwe’s annual inflation closed the year at 243,8 percent, while the Zimbabwe Stock Exchange All-share index advanced 80.1 percent compared to 310.5 percent in the prior year.

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Old Mutual managing director Sam Matsekete

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