Articles tagged 'liquidity crisis'

Urban tollgates unrealistic 4 January 2017   EDITOR — The residents are right in rejecting the introduction of urban tollgates that were proposed last week by the Local Government minister Saviour Kasukuwere. The suggestion by Kasukuwere that councils should install tollgates to collect revenue is just unrealistic and unfair to the ...
Tollgates traffic declines 3 January 2017 HARARE - The number of vehicles passing through tollgates has significantly declined, as motorists increasingly opt for “lift clubs” in an attempt to avoid toll fees, an operator with the road funds collection facilities said. Joseph Mafanuke, country operations manager of Intertoll — a compan...
Cash crisis haunts Quest 27 October 2016 MUTARE - Quest Motors (Quest)'s assembling plant is facing operational challenges due to central bank's failure to approve their payments to its Japanese and Chinese kit suppliers for over eight months, the Daily News has learnt. The company's operations manager, Carl Fernandez, said the situa...
Zim sings blues as economy dies 13 October 2016 HARARE - Zimbabwe's severe cash shortages, which have seen banks rationing money, look set to inflict more damage on the economy in the coming months, with fuel and food shortages expected to worsen in line with the dying economy. This comes as many of the imported basic consumer goods — which...
Broad policies needed to revive economy 21 March 2014 HARARE - Six months after government launched its ambitious economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), the country’s economy is still experiencing a steep decline. Statistics unveiled by the Zimbabwe Statistical Agency last week revealed t...
Depressed festive season ahead 28 November 2013 HARARE - Zimbabweans should brace themselves for a depressed festive season following the worsening liquidity crunch. Already, many people in the country are feeling the pinch of cash shortages as evidenced by most depositors who this week failed to get their money from various financial insti...