There's no light at the end of the tunnel for electricity-starved Zimbabwe citizens | IOL Business Report

On an early Tuesday morning characterised by the winter chill, poorly heated by sporadic streaks of sunshine, Edna Muganhu dumps nearly 25kg of malodorous meat at a dump site a few kilometres south of the capital Harare. The meat from a nearby butchery where she works as a cashier was slowly rotting after the country's rolling power cuts affected the outlet's refrigerators.

Big business is also suffering from the outages and even though they can afford to run diesel generators, they have to cut back on business hours. Such is the case with Simbisa Brands, which operates Nando’s, Steers, Chicken Inn and Pizza Inn outlets, among others. The gripping power crunch has been exacerbated by declining water levels at the Kariba Dam that feeds the Kariba Hydro Power Plant. The Zambezi River Authority, which manages water usage from the dam, said this week that water levels at Kariba are at a low 29percent.

Knowledgeable engineers said Zimbabwe is currently running on a power deficit of about 850MW as it is also struggling to import electricity from Mozambique and from Eskom owing to arrears that require foreign currency. Apart from the power crunch, Zimbabwean businesses are witnessing declining purchases as consumers struggle with price increases, business executives say.

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.

Zimbabwe leader wants new currency, IMF loan in revival bid | IOL Business ReportZimbabwean President Emmerson Mnangagwa and his finance chief want a new currency by March. busrep So he is selling Zimbabwe busrep Imf is devil 👿 busrep None of the BRICS members - Russia, China, Brazil, India and SAfrica - seem willing to advance him any loan - so what option does he have. The only requirement with IMFloans is that it be spent according to some set guidelines - to prevent corruption and rogues see evil in that.
Source: IOL - 🏆 46. / 51 Read more »

Zimbabwe outlaws usage of rand, US Dollar and Pula | IOL Business ReportInternational and regional currencies such as the rand, US Dollar, Botswana Pula and British Pound will no longer be acceptable in Zimbabwe.
Source: IOL - 🏆 46. / 51 Read more »

Uber adds new security feature, a mobile panic button | IOL Business ReportUsing Uber safely starts with riders checking their ride details. But what happens when an accident or an incident happens on a trip? busrep
Source: IOL - 🏆 46. / 51 Read more »

These are the most frequently required entry-level jobs in SA | IOL Business ReportIf you can sell ice to an Eskimo, you won't find yourself unemployed for long, according to Gumtree Marketing Manager Estelle Nagel.
Source: IOL - 🏆 46. / 51 Read more »

State-owned Denel unable to pay full salaries to staff | IOL Business ReportThe embattled state-owned entity Denel is unable to pay full salaries to their staff this month. busrep Management could take one for the team.
Source: IOL - 🏆 46. / 51 Read more »