Browsing Tag liquidity crisis in Zimbabwe
Zimbabwe private sector losses exceed US$800m
By Our reporter at May 10, 2012 | 4:24 AM | 0 Comment
ZIMBABWE’S private sector losses have exceeded US$800 million since 2009, as companies struggle to grow their revenue and make profits. Analysts say the figure is worrying, given the country’s low Gross Domestic Product levels of about 8.1 percent this year. Companies have failed to increase production because of the high cost and short tenor of debt instruments more...
