63 companies go bankrupt in Zimbabwe

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

The Central Bank said the measure was prompted
by "a growing failure among bank clients to repay
their debts."

"This has affected the ability of the commercial banks to finance economic activity,"


-- spider (spider0@usa.net), January 31, 2000



The link refers to Sudan which is usually considered a different country to Zimbabwe.

-- Cage Rattler (cage@rattler.com), January 31, 2000.

Thanks for catching that CR

-- spider (spider0@usa.net), January 31, 2000.

Article doesn't say when the symptoms of bankruptsy began, but it certainly is worth looking into.

-- Hokie (Hokie_@hotmail.com), January 31, 2000.

h ttp://www.nationalpost.com/news.asp?f=000131/191251&s2=world

Monday, January 31, 2000

Unemployment, inflation threaten to push Zimbabwe into turmoil Election coming in April

David Blair The Daily Telegraph, with files; Agence France-Presse

HARARE - Zimbabwe's spiralling economic crisis is threatening to spill into social unrest following the start of gasoline rationing for the first time since 1982, and the prospect of power cuts this week amid record inflation and mass unemployment. (snip)

-- Homer Beanfang (Bats@inbellfry.com), January 31, 2000.

The gasoline rationing in Zimbabwe was
because they were behind on their bills,
and they were getting reduced amounts
until they paid up.

-- spider (spider0@usa.net), February 01, 2000.

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