Old Mutual Limited expects limited impact on the net asset value of the Zimbabwean business  

Staff Writer

Old Mutual Limited (OML), incorporated in South Africa says it ceased to apply hyperinflation accounting for Zimbabwe for FY2024 following the change in functional currency from ZiG to the US dollar.

Consequently, the group expect reduced transfers to the foreign currency translation reserve in the future.

In a voluntary operating update for the quarter ended March 31, 2025, the group

Read more