ZIMBABWEAN listed companies’ 2020 earnings were among the best in the region after improvements driven by the ZWL$’s stabilisation, a recent report has shown.
An African Financials survey ranking southern Africa’s 30 largest listed companies ― outside of South Africa ― showed that Zimbabwean businesses registered the biggest improvements in inflation adjusted US$ earnings during the year.
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Of the 30, FBC Holdings (FBC) had the biggest jump in earnings, a 155 percent increase based on its September 2020 income of US$9 million.
FBC said “the income was mainly driven by a strong growth in net trading income and net interest inc
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