News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*"Fuel Shortages Are No Longer About Forex Shortages," RBZ Governor* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?zp Governor of the Reserve Bank of Zimbabwe (RBZ), Dr John Mangudya, yesterday said that the persistent fuel shortages were, in addition to the scarcity of foreign currency, sustained by some dealers’ lack of enough working capital. Speaking at the Daily News Business Breakfast Forum in the Harare, Mangudya said: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > We have also noticed that banks and individuals themselves do not have enough local dollars. > …So then people always ask why there are some queues of fuel within Zimbabwe. Some of them are caused by lack of working capital. Fuel shortages in the country have manifested in meandering queues at service stations. Service stations have also been hiking prices of fuel prompting public transport operators to hike their fares as a way to recoup their money and time spent in queues. The government reintroduced the heavily-subsidised Zimbabwe United Passenger Company buses to cushion members of the public. However, Zupco, fleet remain inadequate for the demand. More: Daily News _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback