In an interview with The Chronicle, Confederation of Zimbabwe Industries (CZI) Matabeleland Chamber president Mr Joseph Gunda said companies have cut working hours due to shortage of raw materials caused by shortage of foreign currency.
Gunda appealed to the Reserve Bank of Zimbabwe (RBZ) to prioritise allocating foreign currency to the mining equipment manufacturers and suppliers. Said Gunda:
We are in a tight spot as forex shortages hit industries harder. Generally most of us, it has been almost three weeks with no allocations and most of the industries rely on the importation of raw materials and without allocations the situation is getting worse. We are appealing to the Reserve Bank of Zimbabwe to prioritise allocating the mining equipment manufacturers and suppliers.