News Formal

Zimbabwe allows mines, others to import own fuel as shortages bite

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

'Cabinet has given a green light to large companies such as those in the mining sector, transport sector, commerce to use their funds to import fuel for their use.'

Mining companies in Zimbabwe are expected to import their own fuel following shortages.Zimbabwe on Tuesday allowed mining companies and other businesses to import their own fuel following shortages that have gripped the economy in the last six months due to a severe dollar crunch, a cabinet minister said.

President Emmerson Mnangagwa in January announced a 150 percent hike in the price of fuel, sparking violent protests in major towns, which were met by a brutal security crackdown. The world's top two platinum producers Anglo American Platinum and Impala Platinum Holdings are some of the big mining companies operating in Zimbabwe, which will be able to buy their own fuel.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

R150bn Chinese investment in Limpopo under threat over water shortagesEven if the industrial plants go ahead, the DA says the effect on agriculture will be catastrophic. 123 million cubic meters per year? That is 337 million liters per day in the North of Limpopo. Is this the correct value?
Source: TheCitizen_News - 🏆 6. / 75 Read more »