PPC Zim forex adoption sheds US$7,06m net monetary loss
Over the past few months, many firms have been moving away from local currency accounting to use United States dollars reporting, given the volatility of the Zimdollar.
By Tatira Zwinoira
Jun. 13, 2024
Hyperinflation haunts Old Mutual
Old Mutual recorded robust results from operations (RFO) growth due to strong operational performance underpinned by exceptional growth in new business
By Mthandazo Nyoni
Mar. 20, 2024
Old Mutual foreign revenue jumps up
The increase in revenue was boosted by the Zimbabwe dollar having lost value significantly against the greenback.
By Tatira Zwinoira
Sep. 3, 2023
ZB Holdings incurs $15,9bn insurance liabilities
IBNR is a reserve account used by insurance companies to compensate for claims that have not yet been reported.
By Melody Chikono
Apr. 28, 2023
Nedbank Zim profit surges
The bank’s cost to income ratio improved to 30% from 66% in the prior year in inflation adjusted terms with the capital adequacy ratio going up to 33% from 29% last year.
By Kudzai Kuwaza
Sep. 2, 2022
