Cassava Remit In $506 Foreign Exchange Loses
Cassava Remit reported a $506 foreign exchange loss for the 6 month period leading to 31 August 2019, Newsday reports.
This was revealed By Cassava Remit Board Chair Sherree Shereni who released a statement accompanying the Cassava remit financial results for the period in question.
Shereni said:
The Continued depreciation of the ZWL agaisnt the USD had a significant impact on our financial perfomance. As we had to recognise foreign exchange losses amounting to $506 million.
Mr Shereni also stated that power cuts and fuel shortages, which have been the norm for some time now, also negatively affected the group’s performance.
Latest itel S24 (128GB) $124 (108MP camera)
Cash on Delivery in Harare & Bulawayo.
WhatsApp: 0783 450 793
Source: Newsday