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The government’s exchange rate policies have driven trade to the informal sector, and this is bad news for the tax earnings. In this extract from a recent note to investors, John Legat, CEO of Imara Asset Management, warns that if this trend continues, government coffers will run dry and we may see some casualties in… ....
It is right, fair, proper and desirable for those affected by the loss to receive some compensation from relevant pension funds and insurers and from the state, said Grace Muradzikwa. ....
THE US dollar will remain the dominant currency in Zimbabwe even after the government’s December 2025 deadline to stop its use in the economy, the country’s largest independent asset manager said. Imara Asset Management, which oversees more than $100 million, said the dollarisation of the economy is actually accelerating since authorities curbed the local currency’s… ....
Zimbabwe plans to drop US Dollar in 2025, but scepticism abounds zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Rapid dollarisation to stymie Zimbabwe's plan to drop greenback zimbabwesituation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwesituation.com Daily Mail and Mail on Sunday newspapers.