RioZim technically insolvent
BUSINESS REPORTER Gold miner, RioZim Limited, is technically insolvent with a staggering negative working capital of about ZWL$1bn, creating uncertainty in its ability to continue as a going concern, Business Times can report. RioZim’s current assets stood at ZWL$2.8bn in the reviewed period compared to a current liabilities value of ZWL$3.8bn, meaning current liabilities exceeded current assets by ZWL$1bn. The financial…
