ZWL exposure hits supermarkets’ margins

EXPOSURE to Zimbabwe dollars in an increasingly dollarising economy is putting supermarkets’ profit margins under pressure, a local research firm has warned.
This comes as experts have continuously warned that the worsening volatility of the Zimbabwe dollar is creating uncertainty within the economy.
More than three-quarters of domestic spending is now in foreign currency, according to the Zimbabwe National Statistics Agency.
Authorities, however, continue to ramp up efforts to promote the use of the domestic unit to regain control over monetary policy and avoid over-reliance on foreign currencies.