The Parliamentary Portfolio Committee on Finance and Economic Development has demanded validation of the $500 million Zisco debt to authenticate the arrears before Government takes over the firm’s liability.
The Harare City Council (HCC)’s contribution arrears to several statutory bodies has risen by over 100 percent from $200 million to $500 million over the past two years, it has emerged.
As the country hurtles towards the watershed national elections, struggling companies are warning of steep price increases and debilitating shortages of basic goods due to Zimbabwe’s worsening foreign currency squeeze.
