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FMHL loses $1,8m to defunct banks

HARARE – Zimbabwe Stock Exchange-listed financial group, First Mutual Holdings Limited (FMHL), has lost $1,8 million to collapsed banks. The group, which incurred a $4,1 million loss in the half year to June 2014 compared to a $2,4 million post tax profit realised in prior comparable period, said the funds were money market investments with…

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