Zimbabwe’s Business Sector in Survival Mode As Inflation and Currency Woes Bite

Zimbabwean companies are grappling with severe economic challenges, including soaring inflation, a skewed exchange rate, and escalating operational costs, forcing some to retrench workers and others to reduce stock levels.

Among the hardest hit is Tongaat Hulett’s Zimbabwean subsidiary, Triangle, which announced job cuts after other cost-saving measures failed. Retailers like OK Zimbabwe are also struggling, with de-stocking becoming a growing concern as businesses navigate the country’s volatile…