Zim inflation delays ABC results

The African Banking Corporation (ABC) has had to temporarily shelve the announcement of its half-year results because Zimbabwe has not availed data on inflation for factoring into the ABC's subsidiary in that country for a complete picture of the group's performance.

International Accounting Standard (IAS) require financial results of companies operating in an inflationary environment to be stated in terms of the measuring unit current at the balance sheet date. 

Comparative figures for previous periods should also be re-stated into the same current measuring unit.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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