Currency stability boosts firms

ZIMBABWE’S corporates have emerged as the biggest beneficiaries of the economy’s continued stability over the past year, which contributed significantly to the incomes of most companies that posted stellar results in recent trading updates.

The ZWL$ has held steady against the US$ for close to a year, with inflation declining from 836 percent in July 2020 to 162 percent last month.
The Reserve Bank of Zimbabwe’s (RBZ) weekly foreign currency auctions, introduced last June, have been credited for this “stabil