ZiG reporting delays financial statements

The VFEX ― a subsidiary of the Zimbabwe Stock Exchange (ZSE) ― was established in 2020 as an international financial service centre but has largely been liquidity shy due to foreign currency shortages in the broader economy, resulting in limited trading activity.

SEVERAL companies listed on the Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) have delayed publishing their financials following a directive to adopt ZiG as a functional reporting currency.The Reserve Bank of Zimbabwe announced through the Monetary Policy Statement that all entities should adopt the ZWG as the reporting currency for financial…

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