A Zimbabwean company has stopped exporting bananas to South Africa because of the declining rand which has seen the price plunging from 23 US cents a kg to 13 US cents.
The project manager of Matanuska Private Limited Johannes Makurumidze told NewZimbabwe.Com said his company had stopped selling bananas to South Africa because this was no longer viable.
“We are no longer exporting bananas to South Africa because of the deflation of the South African rand. The price of bananas has declined because rand value is declining. We are finding it difficult to sell bananas there,” he said.
The South rand is currently about 7 US cents.
(120 VIEWS)
This post was last modified on November 4, 2015 3:14 pm
My first long-form article in booklet form: Why I had a girlfriend two months after…
The editor and publisher of The Insider, Charles Rukuni, has started a whatsapp channel through…
A friend who knows about my legal battle with Zimbabwe’s richest man, Strive Masiyiwa, way…
Britain says amendment of the Zimbabwe constitution is a sovereign, legislative matter for Zimbabwe to…
It is now 47 years since I wrote the short story below for a South…
Zimbabwe has released its 2026 monetary policy statement in which it seeks to stabilise its…