A SIGNIFICANT number of foreign-based companies operating locally are flagging results from their Zimbabwean operations in group financial statements, citing the highly inflationary environment prone to distortion of earnings data.
This is despite the introduction of the new ZiG currency, which was expected to stabilise inflation but has lost close to 47 percent of its value on the formal market and 66 percent on the parallel market in just seven months since its introduction in April this year.