Wednesday 16 October 2019
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businessdaily - 5 days ago

Simbisa suffers exchange rate loss

LISTED fast food retail giant, Simbisa Brands Limited suffered a net foreign exchange loss of $2,7 million during the year ended June 2019, arising from revaluation of foreign denominated assets and liabilities on the Zimbabwe balance sheet following the re-introduction of a local currency.Zimbabwe re-introduced the Zimdollar on June 24 this year, ending a 10-year marriage with a multi-currency sy...


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