ZIMBABWE'S economic slide continues to take its toll on the freight industry. Chief executive of the Shipping and Forwarding Agents Association, Rhett Hill, reports that a number of companies have closed down.
Non-availability of
foreign currency has been the biggest problem, he says. At least 15 companies have closed while a number of medium and large companies are feeling the pinch.
About 5 000 people work in the industry and it is estimated there has been a 60% drop in the volume of business in the past year, with 80% of that drop occurring in the last six months.
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