ZIM COMPANIES SOLVE FUEL CRISIS

PRIVATE companies in Zimbabwe have stepped in to raise finance for fuel imports to avert economic disaster as national supplies verge on drying up. The companies have raised $7-million for a further two-weeks’ fuel supply after the bankrupt National Oil Company of Zimbabwe (Noczim) said the country has a few days’ supply left. Noczim’s regular suppliers turned off the tap after the state fuel supply company ran up unpaid debts of $96-million. Noczim has admitted that its total debt stands at Z$28-billion.