Zimbawean companies face closure over severe power cuts

📆 22/07/2019 00:10:00
📰 BDliveSA

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Confederation of Zimbabwe Industries calls for urgent measures as 'loss of revenue runs into millions' due to power outages

A street vendor waits for customers in Chitungwiza, Zimbabwe, July 16 2019. Picture: REUTERS/Philimon Bulawayo

As the country’s economy crisis deepens cash is no longer readily available in Zimbabwe’s banks and most citizens rely on mobile money payments, in particular Econet’s Ecocash system which enjoys a near-monopoly in transactions. Confederation of Zimbabwe Industries president Henry Ruzvidzo said the power cuts had prevented some exporters from meeting targets.

Chinese company Sunny Yi Feng, which started operating in the country in 2019 after investing $120m, said it had suffered a loss of $1,3m in production due to power cuts.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Scrivi un Commento

marinavanzyl Matshela Energy is coming to their rescue, pretty soon, isn't it so koko_matshela ?

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

In City Press Business: Moyo versus Manuel; Ngqura closure costs R1 billion; Limited power of rates
Fonte: City_Press - 🏆 7. / 72 Leggi di più »