South Africa

Zimbabwe’s power utility raises tariffs by 50%

Zimbabwe’s power utility on Wednesday raised electricity tariffs by 50%, as it warned of monthly hikes in line with inflation and exchange rate movements.

Power utility Zimbabwe Electricity Supply Authority (Zesa) said it is raising the tariff to fund imports from Eskom and Mozambique’s Cahora Bassa because it is struggling to clear debts to the two neighbouring countries and unlock more exports.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Football news:

Umtiti became a vegan: Never felt so good. Lost three kilograms
Alisson on recovery from injury: I prayed a lot, spent 5-6 hours a day with physiotherapists
The VAR referee told the Barcelona - real match referee that Langle did not foul on Ramos. Catalans want to get audio
Frankie de Jong: we have to adapt to Messi. He is the best player in the world
Real Madrid defender Nacho will miss 4 weeks due to injury. Two right-backs are already injured
Manchester City are considering Pochettino and Nagelsmann should Pep leave
Solskjaer still wants Manchester United to buy Holland