Zimbabwe: Bloodbath On ZSE As Firms Feel the Pinch

Zimbabwe is experiencing its worst economic crisis in a decade, characterised by hyperinflation, acute foreign currency shortage and rolling power cuts of up to 18 hours per day and industry is feeling the strain.

With the southern African country's fragile economy now reeling under severe hyperinflationary headwinds, blue-chip counters on the local bourse such as PPC, National Foods, and Delta Corporation have experienced one of their worst trading spells for the period ending September 30, 2019 characterised by decline in EBIDTA and volumes, losses and reduced dwindling sales.

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