ONSDALE Enterprises, one of the country’s major sanitary wear manufacturers is on the verge of shutting down ― and sending 140 workers home ― due to the shortage of foreign currency to import raw materials, a company executive has said. Company closures continue to drive Zimbabwe’s unemployment rate, estimated by independent economists to be about 90 percent, higher. A Confederation of Zimbabwe Industries (CZI) manufacturing sector survey published last week, in partnership with The Financial Gazette, showed that about 30 percent of firms in the sector were on the brink of collapse…
Read MoreSanitary Pads Crisis To Worsen… As Big Local Manufacturer Farai, Faces Closure
