economic turnaround hopes are dwindling by the day. The country is facing shortages of U.S. dollars, fuel, bread and more than 15-hour power cuts.
Poverty and the unemployment rate have increased since former President Robert Mugabe was ousted in 2017. The country’s anchor power producer, Kariba Dam, says it risks having to stop production in weeks due to dropping water levels. Meanwhile, South African power utility Eskom has reportedly received payment for electricity services from the cash-strapped neighboring country. Its reported that 139-million-rand was paid to Eskom after it cut power for long hours in Zimbabwe.
Its a lie
This happens when you steal people's land. South Africa following the same path.
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:
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.
Africa prepares for AfCFTA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%The 35th Ordinary Session of the Executive Council of the African Union (AU) is meeting in Niamey, Niger.%
Source: SABC News Online - 🏆 32. / 51 Read more »
South Africa, Egypt dominated by locally-based players - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Bafana Bafana and The Pharaohs of Egypt have two squads that are dominated by locally based players, with the South Africans bringing 17 players from the PSL and Egypt 15 from the EPL.
Source: SABC News Online - 🏆 32. / 51 Read more »
Africa prepares for AfCFTA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%The 35th Ordinary Session of the Executive Council of the African Union (AU) is meeting in Niamey, Niger.%
Source: SABC News Online - 🏆 32. / 51 Read more »
Hawks breakthrough in VBS investigation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Hawks are hoping to make a breakthrough in their investigation into VBS Mutual Bank after they raided and seized documents and computer hard drives at the Free State Development Corporation in Bloemfontein on Friday.
Source: SABC News Online - 🏆 32. / 51 Read more »