HARARE - Amid discussions surrounding the potential reinstatement of PPC and Old Mutual Zimbabwe (OMZ) on the Zimbabwe Stock Exchange (ZSE), the government is seeking assurances to prevent exchange rate volatility, reports the Zimbabwe Independent. In 2020, the suspension of PPC, OMZ, and Seed Co International from the ZSE stemmed from concerns over the fungibility…
A gearing ratio is a general classification describing a financial ratio that compares some form of owner equity (capital) to funds borrowed by the company.
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The suspension was a result of government’s suspicion that fungible counters were aggravating the depreciation of the domestic currency, which has been falling since 2016.