Paul Nyakazeya, Group Digital Editor 
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ZIMBABWE Stock Exchange (ZSE)-listed companies that released financial results and announced trading updates recently say profit margins have been dampened by the growing gap between the official and parallel market exchange rates.
With the local currency continuing to lose value on both the formal and parallel markets, corporates reported that the country’s currency disparities and “harsh” exchange controls have put significant strain on profit margins and viability.
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The Reserve Bank of Zimbabwe’s auction system closed May 24 with the rate at US$ 1:290,8 ZW$ — a discount of between 105 to 130 percent relative to rates on the grey market.
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