Emmerson Njanjamangezi, Group Features Editor 
15
AN INVESTMENT research firm says the adoption of the dual currency system has enabled the majority of companies to generate a US dollar cash flow surplus to spend on capital expenditure, including the setting up of new plants and equipment procurement.
Previously, companies had been unable to sell goods and services in US$ as monetary authorities had reintroduced the Zimbabwean dollar as the sole currency of trade prior to the Covid-19 pandemic.
Advertisements
In a quarterly investment note bulletin recently, Imara Asset Management said as corporates’ US$ cash flows have risen, surplus has been directed toward investment.
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased
