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RAMESH
09-05-2007, 05:03 PM
Zimbabwe bakery shuts outlet, bread crisis worsens
September 05, 2007, 14:30

Zimbabwe's main bakery said today that bread shortages would worsen after it shut one of its largest outlets due to a shortage of wheat. The move followed the government's recent admission that it could not afford to pay for wheat from Mozambique.

President Robert Mugabe's government, presiding over a deepening economic crisis with runaway inflation and chronic shortages of food and fuel, had planned to buy 36 000 tonnes of wheat from its neighbour to ease the bread crunch.

Lobels Bread, the country's major bread producer, has only two days' supply of wheat and has had to cut daily production to 40 000 loaves from 200 000 loaves in May, Lemmy Chikomo, the firm's operations director, told state media.

Chikomo said Lobels had shut its bakery in Bulawayo, Zimbabwe's second largest city, on August 25 and had sent home hundreds of workers at its main factory in the capital Harare.

Flour availability deteriorating
"Flour availability has deteriorated, and this has forced us to use our strategic stocks since May. Now we are only left with two days' supply," he said.

The situation has worsened in the past three months as the government imposed a price freeze on many consumer items to try to control inflation, currently above 7 600%.

Chikomo said Lobels Bread has been unprofitable since May and had accrued huge debts to keep paying its workers.

Mutasa, who heads a government committee responsible for food procurement and distribution, has not commented further on the crisis, which he and other Mugabe officials blame on Western sabotage and sanctions.

Agricultural experts say Zimbabwe's farmers will probably produce less than 80 000 tonnes of wheat in the October harvest. The country normally needs 450,000 tonnes each year.

Sexy Jasper
09-05-2007, 05:44 PM
One mans bread is another mans death

RAMESH
09-06-2007, 05:37 AM
zimbabwe has a new national bird - the fly

Frontal Lobotomy
09-06-2007, 05:54 AM
Maybe if they grew their own wheat in places that were instead turned into random picnic spots, they wouldn't have this problem. Zimbabwe's lands are one of (if not the) most fertile on the planet. Not to sound like a cunt, but I don't want to see Britain helping them, a lot of white British farmers were fucked over by Mugabe's mob and now Zimbabwe has no skilled people in agriculture, only social and political repression.

RAMESH
09-06-2007, 06:22 AM
Maybe if they grew their own wheat in places that were instead turned into random picnic spots, they wouldn't have this problem. Zimbabwe's lands are one of (if not the) most fertile on the planet. Not to sound like a cunt, but I don't want to see Britain helping them, a lot of white British farmers were fucked over by Mugabe's mob and now Zimbabwe has no skilled people in agriculture, only social and political repression.

mgabe chased all the farmers away & the land is nomore fertile, they say it would take about 7 years to get the soil right, western forces is so worried about the middle east because they got oil, i bet you if zimbabwe had oil they would of assasinated that bastard already

J.T.S.
09-06-2007, 01:52 PM
And to think in the Us all the bread we throw away every day!

100pr00f
09-06-2007, 02:45 PM
is kinda cazy..we throw shit away all the time..only if their was a way to give it away..straigt from our homes....
like a teliporting device or some shit

RAMESH
09-10-2007, 05:18 PM
Zimbabwe nears end of SA loan: Manuel
September 10, 2007, 20:00

Zimbabwe was close to exhausting a loan facility of R75 million from the South African Reserve Bank, South Africa's finance minister said today.

Replying to a written question in parliament, finance minister Trevor Manuel said Zimbabwe, which has the world's highest inflation rate at over 7 600% in July, had used R73.2 million of its loan agreement by July 31 2007. "This facility expires on 31 December 2007 if not renegotiated. The facility is secured by a pledge of South African Land Bank bills to the value of R81.8 million," Manuel said in his written reply.

He said interest on the loan was linked to the Reserve Bank's repo rate which has been increased by 300 basis points since June last year to 10%.

Manuel added that the Zimbabwean government had reneged on payments to the South African government for the medical expenses of Zimbabwe military veterans staying in South Africa. "Since 2000, the Zimbabwean government has not refunded these payments as specified in the agreement. As at 31 July 2007, the amount overdue was R2.2 million," Manuel said.

Zimbabwe's economy is under severe strain, with massive food, fuel and foreign currency shortages that critics blame on mismanagement by president Robert Mugabe's government.



Zimbabwe unions call for strike over salary freeze
September 10, 2007, 07:45

Zimbabwe's main labour federation called on Saturday for a two-day strike this month to protest President Robert Mugabe's wage freeze, but said there would be no street marches for fear of possible violent state reprisals.

Analysts say strikes over labour and social issues in recent years have largely failed due to government intimidation and workers' fears of losing their jobs in a country that has an 80 percent unemployment rate. The Zimbabwe Congress of Trade Unions' (ZCTU) general council on Saturday discussed the impact of the country's economic crisis on workers, as well as Mugabe's order last month banning salary and price hikes without official authority.

It resolved to hold a strike on September 19 and 20. Mugabe last month imposed a new law barring Zimbabwean businesses from increasing wages to keep pace with the world's highest inflation rate, running above 7,000 percent.

On Saturday ZCTU president Lovemore Matombo told reporters that the union was protesting the freeze, as well as failure by businesses to meet labour's demands for a minimum monthly wage of 8.2 million Zimbabwe dollars ($273.33). Last week's mid-year budget had failed to address workers' concerns, Matombo said.

"We have resolved that national action is on 19-20 September and the form will be a stay-away," he said. Mugabe's government in April stifled a national strike called by the ZCTU by deploying armed and riot police in the country's main urban centres.

Zimbabwe is in the throes of a crippling economic crisis also shown in shortages of foreign currency, fuel and food. The shortages have widened after the government price controls. Mugabe accuses the ZCTU of fronting for the main opposition Movement for Democratic Change, which he says is being used by his Western foes to oust him from power.