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Zimbabwe is facing a future in the dark

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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-02-04 12:40 AM
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Zimbabwe is facing a future in the dark
Harare - Zimbabwe's debt-stricken power supply utility faces a crisis as South African and Mozambican utilities demand up-front payment for supplies, the state press said Sunday.

Last week, South Africa's Eskom switched off electricity to the Zimbabwe Electricity Supply Authority (ZESA) for two days because of non-payment.

Meanwhile, Mozambique's Hydroelectrica Cahora Bassa had cut its supply to Zimbabwe by 40 percent since the end of last year, the state-controlled weekly Sunday Mail reported.

ZESA's finances have gone from bad to worse since January 2000 when it failed to meet payments to neighbouring countries after hard currency earnings slumped with accelerating economic decline.

http://www.iol.co.za/index.php?click_id=68&art_id=qw1075644903445B251&set_id=1
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