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In Q2 2024, Zimbabwe's asset manager operating costs surged 1,311%, outpacing revenue growth, threatening sector financial stability.
The Securities Exchange Commission of Zimbabwe (Seczim) has raised alarms about soaring operating costs for asset managers, which surged 1,311% in Q2 2024, far exceeding revenue growth.
This trend threatens the financial stability of the sector, despite aggregate operating profits of ZWG110.51 million.
The industry maintains a capital adequacy ratio of 3.30x, above the 1.0x minimum, with 25 of 29 firms adequately capitalized.
Seczim is reviewing the capital adequacy framework.
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En el segundo trimestre de 2024, los costos operativos del gestor de activos de Zimbabue aumentaron un 1,311%, superando el crecimiento de los ingresos, amenazando la estabilidad financiera del sector.