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Zimbabwe Mining Sector in Trouble

Zimbabwe Mining Sector in TroubleZimbabwe Mining Sector in Trouble

The mining sector in Zimbabwe is reeling from poor economic activity over the past year, with the industry’s suppliers singing the blues as a result of challenges facing other players in the industry, AllAfrica reported. Exhibitors who attended one of the conferences at the just-ended Mine Entra said things were not rosy in the sector. Exhibitors urged the government in Harare to act swiftly to address the challenges or risk losing more than 50% of total exports and approximately 13% of fiscal revenue. P&R Hydraulics sales manager Phillemon Moyo said business at his company had dropped to 39% in 2015 from 79% in 2013. The company specializes in hydraulics and supplies companies such as Hwange Colliery.

 

Financialtribune.com