Banks’ super profits to fall as economy stabilises

ZIMBABWEAN banks have been reaping huge profits, which are mostly inflation driven but as the economy stabilises, the trend is expected to taper off, a new report has shown.

The report, prepared by IH Securities, predicts that the country’s inflation, which has fallen from 838 percent last July to 50 percent in August, would continue on a downward trend into 2022, despite an increase to 52 percent in Sep