OUTCRY OVER ECOCASH LIMITS

ZIMBABWE’S hard-pressed businesses say they are likely to
witness depressed revenues in the short term due to the Reserve Bank of
Zimbabwe’s decision to limit Ecocash transactions to ZW$5 000 per day.

Businesses were already struggling with effect…

ZIMBABWE’S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe’s decision to limit Ecocash transactions to ZW$5 000 per day. Businesses were already struggling with effects of the deadly coronavirus pandemic, coupled with high production costs, high taxes, low disposable incomes and foreign currency shortages, among