Thursday, July 12, 2007

S.African business feels impact of Zimbabwe controls

(Reuters) - South African companies with operations in Zimbabwe are struggling to comply with the government's new price freeze, a move many said made the crisis-hit country an even less attractive place to do business.

President Robert Mugabe's government has imposed tight profit margins for businesses, stepping up a price rollback drive that has led to empty store shelves, long petrol queues and renewed fears of a total economic collapse.


Read more at Reuters Africa

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