ZB optimistic despite US$3m heist

ZIMBABWE Stock Exchange (ZSE)-listed financial services firm, ZB Financial Holdings (ZBH) says it is optimistic that it will meet set targets during the 2021 financial year despite losing US$2,7 million this January to cheeky robbers who hit a cash-in-transit vehicle movie-style.

The robbery occurred along the Harare-Chinhoyi Highway when a ZB vehicle which was transporting cash was intercepted, placing the firm’s ability to secure billions of dollars into question.

But in a first quarter trading update released on Tuesday, ZB said the dramatic raid brought to the fore the risks that confront Zimbabwe’s banks since the country reverted to the multicurrency system last year.

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