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Home » Simbisa hedges against FX movements

Simbisa hedges against FX movements

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SIMBISA Brands (Simbisa) is eyeing entering into forward foreign contracts with banks and where practicable use local suppliers to substitute imported raw materials to limit the impact of exchange rate movements. In a trading update for the first quarter ended September 30, 2023, Innscor’s group chief executive, Basil Dionisio, said persistent high inflation rates and…

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